Overview / Commentary
First Federal of Van Wert is headquartered in Van Wert and is the 119th largest bank in the state of Ohio. It is also the 3,580th largest bank in the nation. It was established in 1893 and as of June of 2022, it had grown to 22 employees at 1 location. First Federal of Van Wert has an A+ health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29135 |
| Year Established | 1893 |
| Employees | 22 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.43% |
| Return on Equity - YTD | 2.58% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $140.7MM$133.2MM |
| Loans | Q2 2022vs Q2 2021 | $80.2MM$71.8MM |
| Deposits | Q2 2022vs Q2 2021 | $116.8MM$106.1MM |
| Equity Capital | Q2 2022vs Q2 2021 | $21.9MM$25.2MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $194.00K$180.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $33.00K$56.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |