First Federal Savings Bank

First Federal Savings Bank Locations
726 Wells Street
Sistersville, WV 26175
www.firstfedwv.com

First Federal Savings Bank is headquartered in Sistersville and is the 59th largest bank in the state of West Virginia. It is also the 6,505th largest bank in the nation. It was established in 1933 and as of September of 2011, it had grown to 17 employees at 2 locations. First Federal Savings Bank has a 5-star health rating.

First Federal Savings Bank Routing Number: 243470196

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2007



Data for Q3 2011


Institution Statistics


First Federal Savings Bank
OTS #02275
FDIC Certificate #28746
BankRate ReportView
Year Established1933
Employees17
Primary RegulatorOCC

Assets and Liabilities

Assets$47.24 million
Loans$27.02 million
Deposits$37.18 million
Equity Capital$8.05 million
Loan Loss Allowance$221,000
Unbacked Noncurrent Loans$356,000

Historic Data - September 2010

Assets$48.84 million
Equity Capital$8.11 million
Loan Loss Allowance$188,000
Unbacked Noncurrent Loans$160,000

Profit Margin - Quarterly

Net Interest Margin3.7%
Return on Assets0.59%
Return on Equity3.61%
Interest Income$1.61 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 First Federal Savings Bank had $356,000 in non-current loans and owned real-estate with $8.27 million in equity and loan loss allowances on hand to cover it. This gives First Federal Savings Bank a Texas Ratio of 4.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for First Federal Savings Bank held steady from 3.35% as of September 30, 2010 to 4.31% as of September 30, 2011, resulting in a negative change of 28.51%. This indicates that the balance sheet and financial strength for First Federal Savings Bank has held steady in recent periods.
Deposit Growth3
In the past year, First Federal Savings Bank has increased its total deposits by $87,000, resulting in 0.23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Federal Savings Bank has shown is average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Federal Savings Bank has $47.24 million in assets with $8.27 million in equity, resulting in a capitalization level of 17.50%, which is excellent.
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