2. First Federal Savings Bank (31516)

First Federal Savings Bank (31516)

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.02%1-year CD
2.65% - Barclays 12 Month Online CDAdvertisement
2.83%5-year CD
3.10% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
0.03%Savings
2.00% - Ally Bank Online Savings AccountAdvertisement
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 31st largest bank in the state of Indiana. It is also the 1,601st largest bank in the nation. It was established in 1965 and as of September of 2018, it had grown to 145 employees at 6 locations. First Federal Savings Bank (31516)'s CD rates are 2X 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.

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
A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #31516
Year Established1965
Employees145
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.33%
Annual Interest Income$12.4MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$436.2MM$378.7MM
LoansQ3 2018vs Q3 2017$357.6MM$309.6MM
DepositsQ3 2018vs Q3 2017$317.4MM$284.7MM
Equity CapitalQ3 2018vs Q3 2017$45.7MM$44.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$2.1MM$2.3MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.1MM$3.3MM
Real Estate OwnedQ3 2018vs Q3 2017$14.00K$88.00K
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
2.32%$500-36 Month CD
2.02%$5k$250k12 Month EZ Access CD
1.56%$500-2 Year 2 Option CD
1.45%$500-18 Month Flexible 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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