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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 31st largest bank in the state of Indiana. It is also the 1,494th largest bank in the nation. It was established in 1965 and as of March of 2023, it had grown to 132 employees at 6 locations. First Federal Savings Bank (31516)'s CD rates are 40% higher than the national average, and it has a B+ health rating.

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Health
B+

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #31516
Year Established1965
Employees132
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD6.09%
Annual Interest Income$6.3MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$603.6MM$544.0MM
LoansQ1 2023vs Q1 2022$496.9MM$360.0MM
DepositsQ1 2023vs Q1 2022$437.0MM$455.9MM
Equity CapitalQ1 2023vs Q1 2022$51.0MM$50.8MM
Loan Loss AllowanceQ1 2023vs Q1 2022$5.3MM$3.8MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$2.4MM$2.9MM
Real Estate OwnedQ1 2023vs Q1 2022$360.00K$228.00K
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%--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
2.52%$500-48 Month CD
2.27%$500-36 Month CD
2.02%$500-2 Year 2 Option CD
2.02%$500-60 Month CD
1.76%$500-18 Month Flexible CD
1.26%$5k$250k12 Month EZ Access CD
0.25%$500-12 Month CD
0.20%$500-6 Month CD
0.15%$500-3 Month CD

First Federal Savings Bank (31516) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$500-48 Month IRA
2.27%$500-36 Month IRA
2.02%$500-60 Month IRA
0.25%$500-12 Month IRA
0.20%$500-6 Month IRA
0.15%$500-3 Month IRA
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 E 9th StRochester, 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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