2. First Federal Savings Bank (31516)

First Federal Savings Bank (31516)


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 30th largest bank in the state of Indiana. It is also the 1,584th largest bank in the nation. It was established in 1965 and as of December of 2018, it had grown to 143 employees at 6 locations. First Federal Savings Bank (31516)'s CD rates are 3X the national average, and it has an A health rating.

Related Posts

First Federal Savings Bank (IN) Adds 11-Month CD Special - 9/21/2018

First Federal Savings Bank (IN) has added an 11-month CD Special earning 2.78% APY. The minimum opening deposit is $500, with no stated balance cap.

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Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #31516
Year Established1965
Employees143
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4.04%
Annual Interest Income$17.3MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$442.8MM$400.0MM
LoansQ4 2018vs Q4 2017$379.7MM$291.2MM
DepositsQ4 2018vs Q4 2017$332.0MM$293.7MM
Equity CapitalQ4 2018vs Q4 2017$45.3MM$44.6MM
Loan Loss AllowanceQ4 2018vs Q4 2017$2.1MM$2.2MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.8MM$2.9MM
Real Estate OwnedQ4 2018vs Q4 2017$31.00K$606.00K
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%*$1.5k*-Preferred Interest Checking Account
OTHER TIERS: 0.01% → Up to $1.5k
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
2.83%$500-60 Month CD
2.78%$500-48 Month CD
2.52%$500-36 Month CD
2.37%$500-2 Year 2 Option CD
2.32%$5k$250k12 Month EZ Access CD
2.02%$500-12 Month CD
1.76%$500-18 Month Flexible 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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