First Federal Savings Bank of Angola

Headquarters

212 E Maumee
Angola, IN 46703
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.04% 0.70% →
1-Year CD 0.26% 0.75% →
2-Year CD 0.28% 0.81% →
5-Year CD 0.76% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Federal Savings Bank of Angola is an FDIC insured institution located in Angola, IN. It was founded in 1933 and has approximately $0.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 28769
Date Established 1933
Assets $ 137.07 million
Loans $ 88.02 million
Deposits $ 109.07 million
Capital $ 27.81 million
 

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

Deposit Rates - January 20, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.04% $2,500 $4,999 Learn More
Money Market
0.04% $2,500 $2,999 Learn More
Money Market
0.04% $10,000 $14,999 Learn More
Money Market
0.06% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.19% $10,000 $14,999 Learn More
6 Mo CD
0.19% $100,000 $199,999 Learn More
12 Mo CD
0.26% $10,000 $14,999 Learn More
12 Mo CD
0.26% $100,000 $199,999 Learn More
18 Mo CD
0.26% $10,000 $14,999 Learn More
18 Mo CD
0.26% $100,000 $199,999 Learn More
24 Mo CD
0.28% $10,000 $14,999 Learn More
24 Mo CD
0.28% $100,000 $199,999 Learn More
30 Mo CD
0.31% $10,000 $14,999 Learn More
30 Mo CD
0.31% $100,000 $199,999 Learn More
36 Mo CD
0.61% $10,000 $14,999 Learn More
36 Mo CD
0.61% $100,000 $199,999 Learn More
48 Mo CD
0.71% $10,000 $14,999 Learn More
48 Mo CD
0.71% $100,000 $199,999 Learn More
60 Mo CD
0.76% $10,000 $14,999 Learn More
60 Mo CD
0.76% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - January 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Federal Savings Bank of Angola

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.480% 2.375% 1.00 $3,500 $972 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to First Federal Savings Bank of Angola
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Branches

First Federal Savings Bank of Angola 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 of Angola Locations


Financial Details

First Federal Savings Bank of Angola Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Federal Savings Bank of Angola. 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 of Angola U.S. Bank Average
0.66% 6.14%

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 September 30, 2020, First Federal Savings Bank of Angola had $189,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $27,811,000 in equity and $829,000 in loans loss reserves. That gives it a Texas Ratio of 0.66%.

Return on Equity
First Federal Savings Bank of Angola U.S. Bank Average
3.77% 9.23%

First Federal Savings Bank of Angola has a Return on Equity of 3.77% versus the BestCashCow average of 9.23%. 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 of Angola U.S. Bank Average
20.29% 12.07%

First Federal Savings Bank of Angola has a Capitalization of 20.29% versus the BestCashCow average of 12.07. 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 of Angola Balance Sheet Analysis

As of September 30, 2020, First Federal Savings Bank of Angola had assets of $137,065,000, loans of $88,020,000, and deposits of $109,073,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 45.21 million
Interest-bearing balances $ 43.64 million
Total securities $ 0.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 88.02 million
Loan loss allowance $ 0.83 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 $ 1.37 million
     Total Assets $ 109.26 million
LIABILITIES
Total deposits $ 109.07 million
      Interest-bearing deposits $ 83.98 million
      Deposits held in domestic offices $ 109.07 million
      % insured (estimated) 91.77%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.18 million
      Total Liabilities $ 109.26 million
      Shareholders’ Equity $ 27.81 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.13 million
Total Interest Expense $ 0.26 million
Net interest income $ 2.87 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.37 million
Total non interest expense $ 2.18 million
Pre-tax Net Operating Income $ 1.05 million

Bank Loan Profile?

The top three loan types in First Federal Savings Bank of Angola’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Consumer Auto Loans.

Compared to other banks in Indiana, First Federal Savings Bank of Angola 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 91.76
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.33
Small Business Loans 0.00
Construction and Development Loans 3.65
Commercial Real Estate 0.76
Commercial and Industrial Loans 0.54
Farm Loans 0.00

Frequently Asked Questions About First Federal Savings Bank Of Angola

Branches and Savings

Is First Federal Savings Bank Of Angola FDIC insured?

Yes. It is covered under FDIC Certificate #28769.

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

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

Is First Federal Savings Bank Of Angola a commercial bank?

Yes

Where are First Federal Savings Bank Of Angola locations?

See branch locations nearby.

Is First Federal Savings Bank Of Angola open on Saturdays?

Is First Federal Savings Bank Of Angola open on Sundays?

What time does First Federal Savings Bank Of Angola open?

What time does First Federal Savings Bank Of Angola close?

Are First Federal Savings Bank Of Angola ATMs Open 24/7?

Do First Federal Savings Bank Of Angola ATMs accept cash deposits?

Can First Federal Savings Bank Of Angola customers use other ATMs?

Do First Federal Savings Bank Of Angola branches have notaries?

Will First Federal Savings Bank Of Angola notarize my document?

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

Will the First Federal Savings Bank Of Angola branch print checks?

Do First Federal Savings Bank Of Angola checks expire?

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

Can First Federal Savings Bank Of Angola close my account?

Does First Federal Savings Bank Of Angola Report to credit bureaus?

Does First Federal Savings Bank Of Angola Use Equifax?

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

What is First Federal Savings Bank Of Angola's SWIFT code?

Products

Does First Federal Savings Bank Of Angola offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Federal Savings Bank Of Angola offer personal loans?

Compare personal loan rates here.

Does First Federal Savings Bank Of Angola offer student loans?

Will First Federal Savings Bank Of Angola cash a check?

Will First Federal Savings Bank Of Angola redeem a savings bond?

Does First Federal Savings Bank Of Angola cash savings bonds?

Will First Federal Savings Bank Of Angola cash money orders?

Can First Federal Savings Bank Of Angola issue a money order?

Does First Federal Savings Bank Of Angola do currency exchange?

Background on The Bank

Who owns First Federal Savings Bank Of Angola?

How long has First Federal Savings Bank Of Angola been around?

Can First Federal Savings Bank Of Angola transfer to other banks?

Does First Federal Savings Bank Of Angola have quick pay?

Does First Federal Savings Bank Of Angola accept rolled coins?

Will First Federal Savings Bank Of Angola accept loose change?

Where is First Federal Savings Bank Of Angola headquarters?

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