First Federal Savings Bank

726 Wells Street
Sistersville, WV 26175
www.firstfedwv.com
 

Related Blog Posts

2.11% 13-Month No-Penalty CD at First Federal Savings Bank in KY & IN - Local Only - 12/2/2009

First Federal Savings Bank is offering a 13-month no-penalty CD with a 2.11% APY. Minimum deposit is $500. This special is shown in the main banner on the bank's front page and in this promo page as of 12/02/09. According to the small print, the special...

2.75% Reward Checking Account at First Federal Savings Bank in Tennessee - Local Only - 6/22/2009

Update 11/08/09: The top rate has fallen to 2.75% APY.First Federal Savings Bank is offering a high yield reward checking account called Maximum Earnings Reward Checking. It has the following rates and features if certain monthly requirements are...

4.00% CD for Terms from 18 to 35 Months at First Federal Savings Bank in PA - 1/8/2009

First Federal Savings Bank has some attractive certificate specials which include a 4.00% APY CD with terms from 18 to 35 months, a 3.25% APY CD with terms from 9 to 11 months, and a 3.80% APY CD with terms from 48 to 59 months. Minimum deposit is...

4.01% Reward Checking Account at an Idaho Bank (First Federal Savings Bank of Twin Falls) - 7/6/2008

Update 6/22/09: The top rate has fallen to 4.01% APY. Refer to the bottom of the post for the rate history.First Federal Savings Bank is offering a reward checking account that pays 4.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM...

2007



Institution Statistics


FDIC Certificate #28746
OTS #02275
BankRate ReportView
Year Established1933
Employees67
Primary RegulatorOTS

Assets and Liabilities

Assets$49.89 million
Loans$31.93 million
Deposits$37.38 million
Equity Capital$7.93 million
Loan Loss Allowance$188,000
Unbacked Noncurrent Loans$208,000

Historic Data - March 2009

Assets$50.55 million
Equity Capital$8.70 million
Loan Loss Allowance$188,000

Profit Margin - Quarterly

Net Interest Margin5.2%
Return on Assets0.47%
Return on Equity2.87%
Interest Income$804,000

Institution Health


Overall Score:
4 out of 5
4
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 March 31, 2010 First Federal Savings Bank had $208,000 in non-current loans and owned real-estate with $8.12 million in equity and loan loss allowances on hand to cover it. This gives First Federal Savings Bank a Texas Ratio of 2.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth3
In the past year, First Federal Savings Bank has increased it's total deposits by $871,000, resulting in 2.39% 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 $49.89 million in assets with $8.12 million in equity, resulting in a capitalization level of 16.28%, which is excellent.
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