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First Federal Savings Bank (31516)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.36%1-year CD12 Month EZ Access CD
2.20% - Barclays 12 Month Online CDAdvertisement
2.27%5-year CD60 Month CD
2.80% - Barclays 60 Month Online CDAdvertisement
0.03%SavingsSimply Savings Account
1.65% - Synchrony Bank High Yield SavingsAdvertisement
View all First Federal Savings Bank (31516) rates »

Overview / Commentary
www.firstfederalbanking.com
574-223-2128
301 East 9th Street
Rochester, IN 46975

First Federal Savings Bank (31516) is headquartered in Rochester and is the 36th largest bank in the state of Indiana. It is also the 1,741st largest bank in the nation. It was established in 1965 and as of December of 2017, it had grown to 142 employees at 6 locations. First Federal Savings Bank (31516)'s CD rates are 51% higher than the national average, and it has a B+ health rating.

Related Posts

First Federal Savings Bank (IN) 12mo EZ Access CD Jumps - 12/19/2017

First Federal Savings Bank (IN) has boosted the rate on its 12-month EZ Access CD to 2.02% APY. Min deposit is $5k. Additional deposits allowed throughout the term.

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Health
B+

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #31516
Year Established1965
Employees142
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD6.63%
Annual Interest Income$14.3MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$400.0MM$375.5MM
LoansQ4 2017vs Q4 2016$291.2MM$286.6MM
DepositsQ4 2017vs Q4 2016$293.7MM$299.5MM
Equity CapitalQ4 2017vs Q4 2016$44.6MM$43.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$2.2MM$2.4MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.9MM$4.3MM
Real Estate OwnedQ4 2017vs Q4 2016$606.00K$325.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Federal Savings Bank (31516) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$150-Christmas Club Account
0.03%--Simply Business Savings Account
0.03%--Simply Savings Account

First Federal Savings Bank (31516) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Money Market Account
OTHER TIERS: 0.05% → Up to $10k | 0.08% → $10k - $25k | 0.12% → $25k - $50k

First Federal Savings Bank (31516) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$1,500*-Preferred Interest Checking Account
OTHER TIERS: 0.01% → Up to $1,500
0.01%--Direct Interest Checking Account
0.01%--50+ Interest Checking Account
0.01%--Business Interest Checking Account
0.01%--Commercial Checking Account

First Federal Savings Bank (31516) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%$500-60 Month CD
2.02%$500-48 Month CD
1.66%$500-36 Month CD
1.56%$500-2 Year 2 Option CD
1.45%$500-18 Month Flexible CD
1.36%$5k$250k12 Month EZ Access CD
1.25%$500-12 Month CD
0.75%$500-6 Month CD
0.50%$500-3 Month CD
Locations


First Federal Savings Bank (31516) Locations
206 W Plymouth St Branch206 West Plymouth StreetBremen, IN 46506
2113 N Michigan Branch2113 North MichiganPlymouth, IN 46563
2926 South Main Branch2926 South MainElkhart, IN 46517
First Federal Savings Bank301 East 9th StreetRochester, IN 46975
814 U S 35 North Branch814 U.S. 35 NorthWinamac, IN 46996
Mishawaka Branch906 W Edison RoadMishawaka, IN 46545

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