First Federal Savings and Loan Association of Van Wert

Headquarters

679 Fox Road
Van Wert, OH 45891
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 1.75% →
1-Year CD 0.20% 1.55% →
2-Year CD 0.40% 1.45% →
5-Year CD 1.00% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

First Federal Savings and Loan Association of Van Wert is an FDIC insured institution located in Van Wert, OH. It was founded in 1893 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29135
Date Established 1893
Assets $ 115.52 million
Loans $ 61.24 million
Deposits $ 90.24 million
Capital $ 23.80 million
 

For a more detailed analysis of First Federal Savings and Loan Association of Van Wert's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - May 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $2,500 $99,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $2,500 - Learn More
6 Mo CD
0.10% $2,500 - Learn More
12 Mo CD
0.20% $2,500 - Learn More
18 Mo CD
0.30% $2,500 - Learn More
24 Mo CD
0.40% $2,500 - Learn More
30 Mo CD
0.50% $2,500 - Learn More
48 Mo CD
0.65% $2,500 - Learn More
Special: 60 Mo CD
1.00% $2,500 - Learn More
60 Mo CD
1.00% $2,500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $2,000 - Learn MoreShow Less
Special: 60 Mo FIRA
1.00% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $500 - Learn MoreShow Less

Loan Rates - May 27, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Federal Savings and Loan Association of Van Wert

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.952% 2.875% 1.00 $2,485 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Note to First Federal Savings and Loan Association of Van Wert
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Branches

First Federal Savings and Loan Association of Van Wert branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Federal Savings and Loan Association of Van Wert Locations


Financial Details

First Federal Savings and Loan Association of Van Wert Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Federal Savings and Loan Association of Van Wert. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
First Federal Savings and Loan Association of Van Wert U.S. Bank Average
0% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, First Federal Savings and Loan Association of Van Wert had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $23,804,000 in equity and $167,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First Federal Savings and Loan Association of Van Wert U.S. Bank Average
3.2% 9.41%

First Federal Savings and Loan Association of Van Wert has a Return on Equity of 3.2% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Federal Savings and Loan Association of Van Wert U.S. Bank Average
20.61% 12.82%

First Federal Savings and Loan Association of Van Wert has a Capitalization of 20.61% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Federal Savings and Loan Association of Van Wert Balance Sheet Analysis

As of December 31, 2019, First Federal Savings and Loan Association of Van Wert had assets of $115,523,000, loans of $61,235,000, and deposits of $90,243,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 7.85 million
Interest-bearing balances $ 7.13 million
Total securities $ 37.91 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 61.24 million
Loan loss allowance $ 0.17 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 7.64 million
     Total Assets $ 91.72 million
LIABILITIES
Total deposits $ 90.24 million
      Interest-bearing deposits $ 78.44 million
      Deposits held in domestic offices $ 90.24 million
      % insured (estimated) 92.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.48 million
      Total Liabilities $ 91.72 million
      Shareholders’ Equity $ 23.80 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 3.71 million
Total Interest Expense $ 0.48 million
Net interest income $ 3.24 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.29 million
Total non interest expense $ 2.72 million
Pre-tax Net Operating Income $ 0.80 million

Bank Loan Profile?

The top three loan types in First Federal Savings and Loan Association of Van Wert’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Ohio, First Federal Savings and Loan Association of Van Wert has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 84.09
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.83
Construction and Development Loans 4.42
Commercial Real Estate 8.09
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About First Federal Savings And Loan Association Of Van Wert

Branches and Savings

Is First Federal Savings And Loan Association Of Van Wert FDIC insured?

Yes. It is covered under FDIC Certificate #29135.

Why does First Federal Savings And Loan Association Of Van Wert pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Federal Savings And Loan Association Of Van Wert CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Federal Savings And Loan Association Of Van Wert a commercial bank?

Yes

Where are First Federal Savings And Loan Association Of Van Wert locations?

See branch locations nearby.

Is First Federal Savings And Loan Association Of Van Wert open on Saturdays?

Is First Federal Savings And Loan Association Of Van Wert open on Sundays?

What time does First Federal Savings And Loan Association Of Van Wert open?

What time does First Federal Savings And Loan Association Of Van Wert close?

Are First Federal Savings And Loan Association Of Van Wert ATMs Open 24/7?

Do First Federal Savings And Loan Association Of Van Wert ATMs accept cash deposits?

Can First Federal Savings And Loan Association Of Van Wert customers use other ATMs?

Do First Federal Savings And Loan Association Of Van Wert branches have notaries?

Will First Federal Savings And Loan Association Of Van Wert notarize my document?

What address for First Federal Savings And Loan Association Of Van Wert should I put for incoming ACH transfers?

Will the First Federal Savings And Loan Association Of Van Wert branch print checks?

Do First Federal Savings And Loan Association Of Van Wert checks expire?

Does First Federal Savings And Loan Association Of Van Wert require US citizenship to open account?

Can First Federal Savings And Loan Association Of Van Wert close my account?

Does First Federal Savings And Loan Association Of Van Wert Report to credit bureaus?

Does First Federal Savings And Loan Association Of Van Wert Use Equifax?

What is First Federal Savings And Loan Association Of Van Wert's ACH Routing Number?

What is First Federal Savings And Loan Association Of Van Wert's SWIFT code?

Products

Does First Federal Savings And Loan Association Of Van Wert offer mortgages?

Compare mortgage rates here.

Does First Federal Savings And Loan Association Of Van Wert offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Federal Savings And Loan Association Of Van Wert offer personal loans?

Compare personal loan rates here.

Does First Federal Savings And Loan Association Of Van Wert offer student loans?

Will First Federal Savings And Loan Association Of Van Wert cash a check?

Will First Federal Savings And Loan Association Of Van Wert redeem a savings bond?

Does First Federal Savings And Loan Association Of Van Wert cash savings bonds?

Will First Federal Savings And Loan Association Of Van Wert cash money orders?

Can First Federal Savings And Loan Association Of Van Wert issue a money order?

Does First Federal Savings And Loan Association Of Van Wert do currency exchange?

Background on The Bank

Who owns First Federal Savings And Loan Association Of Van Wert?

How long has First Federal Savings And Loan Association Of Van Wert been around?

Can First Federal Savings And Loan Association Of Van Wert transfer to other banks?

Does First Federal Savings And Loan Association Of Van Wert have quick pay?

Does First Federal Savings And Loan Association Of Van Wert accept rolled coins?

Will First Federal Savings And Loan Association Of Van Wert accept loose change?

Where is First Federal Savings And Loan Association Of Van Wert headquarters?

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