First Federal Savings Bank

301 East 9th Street
Rochester, IN 46975

Notable Rates APY Vs.Others
Savings 0.03% 2.60% →
1-Year CD 1.91% 2.36% →
2-Year CD 1.76% 2.60% →
5-Year CD 1.81% 2.80% →
30-Year Mortgage 3.55% 3.31% →
15-Year Mortgage 2.97% 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

First Federal Savings Bank is an FDIC insured institution located in Rochester, IN. It was founded in 1965 and has approximately $0.43 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 31516
Date Established 1965
Assets $0.43 billion
Loans $0.34 billion
Deposits $0.33 billion
Capital $0.05 billion
 

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

Deposit Rates - November 11, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $9,999 Learn MoreShow Less
Money Market
0.08% $10,000 $24,999 Learn MoreShow Less
Money Market
0.12% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
1.26% $500 $99,999 Learn MoreShow Less
1.51% $500 $99,999 Learn MoreShow Less
1.91% $500 $99,999 Learn MoreShow Less
1.76% $500 $99,999 Learn MoreShow Less
1.76% $500 $99,999 Learn MoreShow Less
1.71% $500 $99,999 Learn MoreShow Less
1.76% $500 $99,999 Learn MoreShow Less
1.81% $500 $99,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.91% $500 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $1,499 Learn MoreShow Less
Int Ckg
0.05% $1,500 - Learn MoreShow Less
Checking Rates APY MIN FEE
First Class Checking 0.00% $500 $10.00 Learn MoreShow Less
New Start Checking 0.00% $0 $5.00 Learn MoreShow Less

Loan Rates - November 11, 2019

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

First Federal Savings Bank 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:
Fairfield,Connecticut


First Federal Savings Bank Locations


Financial Details

First Federal Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Federal Savings Bank. 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
First Federal Savings Bank U.S. Bank Average
12.25% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, First Federal Savings Bank had $5,990,000 in non-current loans and $96,000 in owned real estate. To cover these potential losses it had $47,559,000 in equity and $2,107,000 in loans loss reserves. That gives it a Texas Ratio of 12.25%.

Return on Equity
First Federal Savings Bank U.S. Bank Average
10.98% 9.50%

First Federal Savings Bank has a Return on Equity of 10.98% versus the BestCashCow average of 9.50%. 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 Bank U.S. Bank Average
11.18% 12.76%

First Federal Savings Bank has a Capitalization of 11.18% versus the BestCashCow average of 12.76. 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 Bank Balance Sheet Analysis

As of June 30, 2019, First Federal Savings Bank had assets of $425,249,000, loans of $342,101,000, and deposits of $330,565,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.03 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.34 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.03 billion
     Total Assets $0.38 billion
LIABILITIES
Total deposits $0.33 billion
      Interest-bearing deposits $0.29 billion
      Deposits held in domestic offices $0.33 billion
      % insured (estimated) 89.79%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.04 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.38 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in First Federal Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Commercial Real Estate.

Compared to other banks in Indiana, First Federal Savings Bank 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 92.25
Multifamily
Mortgages
2.32
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.35
Construction and Development Loans 1.47
Commercial Real Estate 2.31
Commercial and Industrial Loans 1.08
Farm Loans 0.31

Frequently Asked Questions About First Federal Savings Bank

Branches and Savings

Is First Federal Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31516.

Why does First Federal Savings Bank 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 Bank CD rates not competitive?

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

Is First Federal Savings Bank a commercial bank?

Yes

Where are First Federal Savings Bank locations?

See branch locations nearby.

Is First Federal Savings Bank open on Saturdays?

Is First Federal Savings Bank open on Sundays?

What time does First Federal Savings Bank open?

What time does First Federal Savings Bank close?

Are First Federal Savings Bank ATMs Open 24/7?

Do First Federal Savings Bank ATMs accept cash deposits?

Can First Federal Savings Bank customers use other ATMs?

Do First Federal Savings Bank branches have notaries?

Will First Federal Savings Bank notarize my document?

What address for First Federal Savings Bank should I put for incoming ACH transfers?

Will the First Federal Savings Bank branch print checks?

Do First Federal Savings Bank checks expire?

Does First Federal Savings Bank require US citizenship to open account?

Can First Federal Savings Bank close my account?

Does First Federal Savings Bank Report to credit bureaus?

Does First Federal Savings Bank Use Equifax?

What is First Federal Savings Bank's ACH Routing Number?

What is First Federal Savings Bank's SWIFT code?

Products

Does First Federal Savings Bank offer mortgages?

Compare mortgage rates here.

Does First Federal Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Federal Savings Bank offer personal loans?

Compare personal loan rates here.

Does First Federal Savings Bank offer student loans?

Will First Federal Savings Bank cash a check?

Will First Federal Savings Bank redeem a savings bond?

Does First Federal Savings Bank cash savings bonds?

Will First Federal Savings Bank cash money orders?

Can First Federal Savings Bank issue a money order?

Does First Federal Savings Bank do currency exchange?

Background on The Bank

Who owns First Federal Savings Bank?

How long has First Federal Savings Bank been around?

Can First Federal Savings Bank transfer to other banks?

Does First Federal Savings Bank have quick pay?

Does First Federal Savings Bank accept rolled coins?

Will First Federal Savings Bank accept loose change?

Where is First Federal Savings Bank headquarters?

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