First Federal Savings Bank (31516)

Overview / Commentary
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 1,440th largest bank in the nation. It was established in 1965 and as of March of 2024, it had grown to 131 employees at 6 locations. First Federal Savings Bank (31516)'s CD rates are 5X the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #31516
Year Established1965
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD2.22%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$646.9MM$603.6MM
LoansQ1 2024vs Q1 2023$539.7MM$496.9MM
DepositsQ1 2024vs Q1 2023$521.4MM$437MM
Equity CapitalQ1 2024vs Q1 2023$54.2MM$51MM
Loan Loss AllowanceQ1 2024vs Q1 2023$6MM$5.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$3.4MM$2.4MM
Real Estate OwnedQ1 2024vs Q1 2023$199K$360K
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Always verify rates and promotions with the bank or credit union. We are not First Federal Savings Bank (31516); we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.03%$0-Christmas Club Account
0.03%$0-Simply Business Savings Account
0.03%$0-Simply Savings Account

First Federal Savings Bank (31516) Money Market Rates

0.15%*$50k*-Money Market Account
OTHER TIERS: 0.05% $0 - $10k | 0.08% $10k - $25k | 0.12% $25k - $50k

First Federal Savings Bank (31516) Checking Account Rates

0.05%*$1.5k*-Preferred Interest Checking Account
OTHER TIERS: 0.01% $0 - $1.5k
0.01%$0-Direct Interest Checking Account
0.01%$0-50+ Interest Checking Account
0.01%$0-Business Interest Checking Account
0.01%$0-Commercial Checking Account

First Federal Savings Bank (31516) CD Rates

5.10%$500-6 Month CD
4.84%$500-12 Month CD
4.06%$500-18 Month Flexible CD
2.52%$500-48 Month CD
2.27%$500-36 Month CD
2.27%$5k$250k12 Month EZ Access CD
2.02%$500-2 Year 2 Option CD
2.02%$500-60 Month CD
0.15%$500-3 Month CD

First Federal Savings Bank (31516) IRA Rates

5.10%$500-6 Month IRA
4.84%$500-12 Month IRA
2.52%$500-48 Month IRA
2.27%$500-36 Month IRA
2.02%$500-60 Month IRA
0.15%$500-3 Month IRA

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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