First Federal Bank Of The Midwest Mortgage Rates, Fees & Info

Youngstown, OH

LEI: 549300LNUJ0IPK43UX33

Tax ID: 34-1746771

5 stars - out of 5 stars, based on 88 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Federal Bank Of The Midwest is a small bank specializing in Home Purchase and Refi loans. First Federal Bank Of The Midwest has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Columbus, Cleveland, Toledo, Pittsburgh, and Morgantown among others. First Federal Bank Of The Midwest has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Federal Bank Of The Midwest is typically an average fee lendor.


Originations

7,679

Origination Dollar Volume (All Markets)

$1,839,655,000

Employee count

1,024 Show all (8) awards

Relative Rate

First Federal Bank Of The Midwest's average 30 year fixed rate mortgage of loans were 3.14%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.01%.

Relative Fees

First Federal Bank Of The Midwest's average total fees for a 30 year fixed rate mortgage are $3,442.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
COLUMBUS, OH (FHA|USDA|VA) 311 $214,625,000 $690,113 $4,327 3.16%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 594 $212,160,000 $357,172 $4,064 3.11%
TOLEDO, OH (FHA|USDA|VA) 909 $168,745,000 $185,638 $3,237 3.24%
Outside of Metro Areas 843 $118,515,000 $140,587 $3,000 3.15%
PITTSBURGH, PA (FHA|USDA|VA) 302 $115,650,000 $382,947 $6,697 3.15%
MORGANTOWN, WV (FHA|USDA|VA) 403 $108,485,000 $269,194 $4,157 2.99%
Findlay, OH (FHA|USDA|VA) 523 $99,655,000 $190,545 $2,824 3.08%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 750 $96,470,000 $128,627 $2,649 3.26%
AKRON, OH (FHA|USDA|VA) 255 $64,835,000 $254,255 $3,841 3.14%
FORT WAYNE, IN (FHA|USDA|VA) 149 $58,525,000 $392,785 $2,376 3.10%
Adrian, MI (FHA|USDA|VA) 301 $43,945,000 $145,997 $2,629 3.13%
CANTON-MASSILLON, OH (FHA|USDA|VA) 156 $43,720,000 $280,256 $3,806 3.22%
Defiance, OH (FHA|USDA|VA) 297 $37,025,000 $124,663 $2,793 3.11%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 27 $36,425,000 $1,349,074 $3,960 3.20%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 98 $32,440,000 $331,020 $4,275 3.32%
Salem, OH (FHA|USDA|VA) 253 $30,095,000 $118,953 $2,407 3.29%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 22 $27,720,000 $1,260,000 $4,444 3.35%
Marion, OH (FHA|USDA|VA) 180 $24,800,000 $137,778 $2,942 3.14%
LIMA, OH (FHA|USDA|VA) 157 $19,665,000 $125,255 $2,481 3.29%
Clarksburg, WV (FHA|USDA|VA) 76 $18,250,000 $240,132 $4,079 3.00%
Fairmont, WV (FHA|USDA|VA) 84 $17,410,000 $207,262 $4,445 3.02%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $15,105,000 $15,105,000 $0 3.25%
ANN ARBOR, MI (FHA|USDA|VA) 20 $13,320,000 $666,000 $3,293 3.07%
MONROE, MI (FHA|USDA|VA) 48 $11,010,000 $229,375 $3,452 3.12%
Tiffin, OH (FHA|USDA|VA) 80 $10,810,000 $135,125 $2,942 3.06%
Fremont, OH (FHA|USDA|VA) 58 $10,790,000 $186,034 $3,215 3.15%
Norwalk, OH (FHA|USDA|VA) 101 $10,515,000 $104,109 $2,539 3.21%
Sandusky, OH (FHA|USDA|VA) 50 $8,090,000 $161,800 $3,062 3.21%
Wooster, OH (FHA|USDA|VA) 24 $7,210,000 $300,417 $3,645 3.15%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 18 $6,410,000 $356,111 $3,966 3.26%
WHEELING, WV-OH (FHA|USDA|VA) 32 $5,250,000 $164,063 $4,191 3.33%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $5,135,000 $570,556 $4,944 2.68%
New Castle, PA (FHA|USDA|VA) 19 $4,835,000 $254,474 $6,199 3.28%
DAYTON-KETTERING, OH (FHA|USDA|VA) 15 $4,755,000 $317,000 $3,689 3.15%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 11 $4,695,000 $426,818 $5,016 2.85%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $4,655,000 $931,000 $4,223 2.85%
Hillsdale, MI (FHA|USDA|VA) 40 $4,490,000 $112,250 $2,889 3.12%
Ashtabula, OH (FHA|USDA|VA) 16 $4,450,000 $278,125 $3,844 3.24%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 14 $4,310,000 $307,857 $6,078 3.31%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $4,300,000 $2,150,000 $1,764 3.04%
Zanesville, OH (FHA|USDA|VA) 5 $4,295,000 $859,000 $5,029 3.35%
Mount Vernon, OH (FHA|USDA|VA) 15 $4,265,000 $284,333 $4,022 3.31%
MANSFIELD, OH (FHA|USDA|VA) 24 $4,190,000 $174,583 $3,714 3.20%
Warsaw, IN (FHA|USDA|VA) 7 $3,895,000 $556,429 $3,373 2.91%
Angola, IN (FHA|USDA|VA) 18 $3,650,000 $202,778 $2,429 2.94%
Ashland, OH (FHA|USDA|VA) 22 $3,570,000 $162,273 $3,385 3.22%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 7 $3,455,000 $493,571 $4,876 3.32%
Marietta, OH (FHA|USDA|VA) 8 $3,450,000 $431,250 $4,405 3.25%
JACKSON, MI (FHA|USDA|VA) 17 $3,265,000 $192,059 $3,319 3.23%
SPRINGFIELD, OH (FHA|USDA|VA) 11 $3,185,000 $289,545 $4,451 3.31%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 8 $2,790,000 $348,750 $4,939 3.30%
Wapakoneta, OH (FHA|USDA|VA) 16 $2,760,000 $172,500 $3,762 3.17%
Sault Ste. Marie, MI (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $0 4.00%
MUNCIE, IN (FHA|USDA|VA) 11 $2,675,000 $243,182 $3,734 3.25%
Van Wert, OH (FHA|USDA|VA) 26 $2,560,000 $98,462 $2,375 3.27%
CHARLESTON, WV (FHA|USDA|VA) 9 $2,555,000 $283,889 $4,007 3.26%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 12 $2,360,000 $196,667 $4,088 3.22%
Bucyrus-Galion, OH (FHA|USDA|VA) 18 $2,320,000 $128,889 $3,345 3.30%
JOHNSTOWN, PA (FHA|USDA|VA) 7 $2,195,000 $313,571 $6,547 3.46%
Indiana, PA (FHA|USDA|VA) 6 $2,010,000 $335,000 $6,695 3.35%
Bellefontaine, OH (FHA|USDA|VA) 6 $1,790,000 $298,333 $4,774 3.46%
New Castle, IN (FHA|USDA|VA) 5 $1,735,000 $347,000 $3,940 3.45%
New Philadelphia-Dover, OH (FHA|USDA|VA) 6 $1,700,000 $283,333 $4,350 3.45%
Coldwater, MI (FHA|USDA|VA) 8 $1,690,000 $211,250 $2,382 3.08%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 5 $1,475,000 $295,000 $4,809 3.20%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,475,000 $295,000 $4,295 3.03%
Celina, OH (FHA|USDA|VA) 6 $1,350,000 $225,000 $4,564 3.35%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,345,000 $448,333 $3,875 2.79%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $1,345,000 $448,333 $0 3.68%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $1,295,000 $431,667 $6,880 3.17%
Auburn, IN (FHA|USDA|VA) 11 $1,275,000 $115,909 $2,793 3.19%
Sevierville, TN (FHA|USDA|VA) 3 $1,265,000 $421,667 $4,187 2.79%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $1,255,000 $251,000 $3,149 3.20%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,160,000 $580,000 $6,917 2.88%
Urbana, OH (FHA|USDA|VA) 4 $1,050,000 $262,500 $4,615 3.38%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $975,000 $325,000 $3,404 2.92%
Coshocton, OH (FHA|USDA|VA) 3 $935,000 $311,667 $4,988 3.29%
BLOOMINGTON, IN (FHA|USDA|VA) 3 $935,000 $311,667 $3,792 3.33%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $935,000 $311,667 $3,665 2.92%
Meadville, PA (FHA|USDA|VA) 2 $890,000 $445,000 $9,090 3.25%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $870,000 $435,000 $3,493 3.16%
Elkins, WV (FHA|USDA|VA) 6 $850,000 $141,667 $4,099 3.31%
Greensburg, IN (FHA|USDA|VA) 3 $845,000 $281,667 $4,605 3.58%
TERRE HAUTE, IN (FHA|USDA|VA) 2 $840,000 $420,000 $4,370 3.44%
Shelby, NC (FHA|USDA|VA) 2 $790,000 $395,000 $4,675 2.88%
BOWLING GREEN, KY (FHA|USDA|VA) 3 $755,000 $251,667 $4,072 3.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $715,000 $238,333 $3,609 3.04%
Athens, OH (FHA|USDA|VA) 2 $710,000 $355,000 $4,810 3.19%
KNOXVILLE, TN (FHA|USDA|VA) 2 $680,000 $340,000 $3,672 3.00%
Jackson, OH (FHA|USDA|VA) 2 $640,000 $320,000 $4,934 3.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $635,000 $211,667 $4,188 3.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $570,000 $285,000 $4,115 3.06%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $560,000 $280,000 $3,371 3.25%
Chillicothe, OH (FHA|USDA|VA) 2 $550,000 $275,000 $4,861 3.56%
Huntington, IN (FHA|USDA|VA) 5 $545,000 $109,000 $2,410 2.95%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $540,000 $270,000 $3,174 3.25%
Crawfordsville, IN (FHA|USDA|VA) 2 $510,000 $255,000 $4,347 3.44%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $510,000 $255,000 $5,839 2.63%
Cambridge, OH (FHA|USDA|VA) 3 $505,000 $168,333 $2,952 3.29%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $475,000 $475,000 $3,905 3.13%
FLINT, MI (FHA|USDA|VA) 1 $455,000 $455,000 $5,641 3.38%
Traverse City, MI (FHA|USDA|VA) 2 $430,000 $215,000 $3,070 2.56%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $425,000 $425,000 $6,575 4.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $415,000 $415,000 $5,295 3.38%
Wilmington, OH (FHA|USDA|VA) 2 $400,000 $200,000 $4,897 3.56%
CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $380,000 $190,000 $3,277 3.19%
Richmond-Berea, KY (FHA|USDA|VA) 1 $375,000 $375,000 $4,934 3.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $375,000 $375,000 $3,140 3.13%
Crossville, TN (FHA|USDA|VA) 1 $375,000 $375,000 $4,008 2.75%
Frankfort, KY (FHA|USDA|VA) 1 $355,000 $355,000 $4,300 2.88%
Washington Court House, OH (FHA|USDA|VA) 2 $340,000 $170,000 $3,934 3.38%
Marion, IN (FHA|USDA|VA) 1 $335,000 $335,000 $5,394 3.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $335,000 $335,000 $6,341 3.13%
Somerset, PA (FHA|USDA|VA) 2 $330,000 $165,000 $5,064 2.94%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $315,000 $315,000 $2,726 2.88%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,810 2.63%
Sidney, OH (FHA|USDA|VA) 1 $305,000 $305,000 $3,666 2.75%
LANCASTER, PA (FHA|USDA|VA) 1 $285,000 $285,000 $4,848 3.25%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $265,000 $265,000 $4,260 3.25%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $255,000 $255,000 $5,021 3.75%
COLUMBUS, IN (FHA|USDA|VA) 1 $245,000 $245,000 $4,518 3.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $225,000 $225,000 $3,493 3.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,430 3.00%
GOLDSBORO, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,326 3.50%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,516 2.25%
COLUMBIA, SC (FHA|USDA|VA) 1 $175,000 $175,000 $1,841 2.63%
Mount Sterling, KY (FHA|USDA|VA) 1 $175,000 $175,000 $5,093 3.63%
Bluffton, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.49%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,650 3.00%
Wabash, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,261 3.13%
Bradford, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,936 3.00%
Kendallville, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,520 3.63%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $85,000 $85,000 $1,862 2.38%

First Federal Bank Of The Midwest's top markets include Columbus, Cleveland, Toledo, Pittsburgh, and Morgantown among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 7,516 $1,806,540,000 $240,359 $3,457 3.17%
FHA 78 $13,840,000 $177,436 $6,761 3.11%
VA 43 $12,495,000 $290,581 $6,972 2.60%
USDA 42 $6,780,000 $161,429 $5,018 2.90%

For the 2021 period, First Federal Bank Of The Midwest's most frequently originated loan type of loans were Conventional, with 7,516 originations. Their 2nd most popular type is FHA, with 78 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,505 $1,080,465,000 $308,264 $4,241 3.18%
Refi 2,285 $512,485,000 $224,282 $2,624 3.04%
Home Improvement 936 $78,230,000 $83,579 $1,500 3.52%
Cash Out Refi 803 $152,675,000 $190,131 $3,073 2.99%
Other 150 $15,800,000 $105,333 $2,416 3.32%

For the 2021, First Federal Bank Of The Midwest's most frequently cited loan purpose of loans were Home Purchase, with 3,505 originations. The 2nd most popular reason of loans were Refi, with 2,285 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,028 $627,510,000 $207,236 $3,442 3.14%
20 Year 1,796 $196,950,000 $109,660 $3,025 3.39%
15 Year 1,289 $201,835,000 $156,583 $2,416 2.70%
30+ year 1,083 $415,995,000 $384,114 $5,632 3.35%
10 Year 362 $212,320,000 $586,519 $1,628 3.42%
Other 72 $35,730,000 $496,250 $4,010 2.61%
5 Year 41 $68,895,000 $1,680,366 $471 3.52%
3 Year 6 $80,240,000 $13,373,333 $0 3.38%
1 Year 2 $180,000 $90,000 $0 4.13%

For the 2021, First Federal Bank Of The Midwest's most frequently cited loan length of loans were 30 Year, with 3,028 originations. The 2nd most popular length of loans were 20 Year, with 1,796 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 3,491 $644,265,000 $184,550
$1k-2k 2,029 $549,775,000 $270,959
$2k-3k 221 $71,445,000 $323,281
$3k-4k 92 $37,990,000 $412,935
$5k+ 50 $27,100,000 $542,000

$3,442 of loans were First Federal Bank Of The Midwest's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 3,491 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 4,176 $1,097,150,000 $262,727
2.5-3% 2,413 $564,465,000 $233,927
<2.5% 811 $145,795,000 $179,772
4-5% 263 $31,365,000 $119,259
5-6% 16 $880,000 $55,000

During 2021, First Federal Bank Of The Midwest's average interest rate of loans were 3.14%, while their most frequently originated rate bucket of loans were 3-4%, with 4,176 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 2,405 $141,125,000 $58,680 $2,097 3.30%
$100k-200k 2,296 $329,920,000 $143,693 $2,948 3.06%
$200k-400k 2,165 $610,265,000 $281,878 $4,233 3.12%
$400k-600k 534 $255,780,000 $478,989 $5,356 3.15%
$600k-1MM 190 $144,130,000 $758,579 $6,909 3.21%
$1MM+ 89 $358,435,000 $4,027,360 $7,969 3.40%

2021 saw First Federal Bank Of The Midwest place emphasis on $100,000 or less loans with 2,405 originations, totaling $141,125,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,650 $363,540,000 $220,327 $3,860 3.17%
$50k or less 1,485 $139,005,000 $93,606 $2,765 3.12%
$50k-75k 1,410 $187,900,000 $133,262 $3,124 3.16%
$75k-100k 1,227 $209,465,000 $170,713 $3,486 3.19%
$150k-250k 1,050 $309,980,000 $295,219 $4,175 3.14%
$250k+ 547 $254,915,000 $466,024 $4,765 3.07%

First Federal Bank Of The Midwest lent most frequently to those with incomes in the $100k-150k range, with 1,650 originations. The second most popular income band? $50k or less, with 1,485 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,308 $436,700,000 $189,211 $3,374 3.12%
30-36% 1,481 $306,275,000 $206,803 $3,709 3.19%
<20% 1,123 $195,665,000 $174,234 $3,115 3.05%
42% 289 $49,375,000 $170,848 $3,518 3.28%
39% 274 $54,930,000 $200,474 $3,532 3.25%
36% 254 $50,750,000 $199,803 $3,553 3.21%
38% 251 $56,915,000 $226,753 $3,945 3.18%
41% 251 $50,985,000 $203,127 $3,659 3.22%
40% 235 $47,675,000 $202,872 $3,860 3.19%
37% 216 $49,350,000 $228,472 $3,990 3.23%
44% 147 $31,555,000 $214,660 $3,552 3.13%
43% 145 $33,645,000 $232,034 $4,185 3.11%
45% 115 $28,725,000 $249,783 $3,854 3.11%
46% 87 $22,445,000 $257,989 $3,686 3.04%
47% 72 $16,880,000 $234,444 $3,647 3.06%
48% 60 $13,790,000 $229,833 $4,025 3.00%
49% 58 $14,180,000 $244,483 $3,773 3.07%
>60% 53 $6,135,000 $115,755 $1,978 3.30%
50-60% 47 $11,025,000 $234,574 $4,028 3.08%

First Federal Bank Of The Midwest lent most frequently to those with DTI ratios of 20-30%, with 2,308 originations. The next most common DTI ratio? 30-36%, with 1,481 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 6,951 $1,369,155,000 $196,972 $3,515 3.15%
Not applicable 190 $355,620,000 $1,871,684 $0 3.84%
Not provided 318 $66,830,000 $210,157 $3,789 3.11%
Black 142 $26,830,000 $188,944 $3,717 3.18%
Asian 60 $19,090,000 $318,167 $4,604 2.95%
American Indian 15 $1,325,000 $88,333 $2,822 3.08%
Native Hawaiian 1 $505,000 $505,000 $3,710 3.75%
Other Asian 2 $300,000 $150,000 $0 3.24%

Approval Rates

Total approvals of all applications
91.49%

First Federal Bank Of The Midwest has an average approval rate.

Pick Rate

Approvals leading to origination
86.22%

First Federal Bank Of The Midwest has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 7,679 $1,839,655,000 $239,570

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
7,679 $1,839,655,000 $239,570

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,004 $115,670,000 $115,209 $1,744 3.25%
40-60% 1,163 $230,815,000 $198,465 $2,901 2.97%
60-80% 2,345 $770,045,000 $328,377 $3,537 3.11%
80-100% 2,575 $690,715,000 $268,239 $4,225 3.17%
Over 100% 12 $3,860,000 $321,667 $10,334 2.80%
Under 20% 578 $28,490,000 $49,291 $775 3.62%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST MIDWEST BANCORP, INC. Conventional home mortgage Trouble during payment process 3 60.0%
FIRST MIDWEST BANCORP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 20.0%
FIRST MIDWEST BANCORP, INC. Other type of mortgage Closing on a mortgage 1 20.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Premier Bank 182 Tallmadge Rd Kent, OH 44240 Full Service B&M $54,704
Premier Bank 118 South Sandusky Avenue Upper Sandusky, OH 43351 Full Service B&M $172,047
Premier Bank 1200 North Main Street Bowling Green, OH 43402 Full Service B&M $18,142
Premier Bank 1226 W Wooster St Bowling Green, OH 43402 Full Service B&M $189,411
Premier Bank 124 East Main Street Mccomb, OH 45858 Full Service B&M $27,626
Premier Bank 127 North Market Street East Palestine, OH 44413 Full Service B&M $46,972
Premier Bank 128 South Vance Street Carey, OH 43316 Full Service B&M $67,548
Premier Bank 1449 W Chicago Blvd Tecumseh, MI 49286 Full Service Retail $153,600
Premier Bank 14825 South Avenue Extention Columbiana, OH 44408 Full Service B&M $83,367
Premier Bank 15575 State Route 170 East Liverpool, OH 43920 Full Service B&M $59,948
Premier Bank 1694 N. Countyline Road Fostoria, OH 44830 Full Service B&M $109,272
Premier Bank 1701 West Maumee Street Adrian, MI 49221 Full Service B&M $61,475
Premier Bank 1707 Cherry Street Toledo, OH 43608 Full Service B&M $29,643
Premier Bank 1800 Scott Street Napoleon, OH 43545 Full Service B&M $53,763
Premier Bank 32 State St Struthers, OH 44471 Full Service B&M $95,561
Premier Bank 3500 Belmont Avenue Youngstown, OH 44505 Full Service B&M $96,992
Premier Bank 3900 N. Main Street Findlay, OH 45840 Full Service B&M $96,625
Premier Bank 4005 Hillman Way Youngstown, OH 44512 Full Service B&M $46,869
Premier Bank 405 East Main Street Ottawa, OH 45875 Full Service B&M $145,741
Premier Bank 4112 Milan Road Sandusky, OH 44870 Full Service B&M $32,988
Premier Bank 4137 Boardman-Canfield Road, Suite 101 Canfield, OH 44406 Full Service B&M $0
Premier Bank 417 West Dussel Drive Maumee, OH 43537 Full Service B&M $158,855
Premier Bank 4259 Kirk Rd. Youngstown, OH 44511 Full Service B&M $116,662
Premier Bank 4501 Cemetery Road Hilliard, OH 43026 Full Service Retail $60,738
Premier Bank 4625 N. River Road Warren, OH 44484 Full Service B&M $58,757
Premier Bank 50 West Main Street Norwalk, OH 44857 Full Service B&M $54,880
Premier Bank 530 Broadway East Liverpool, OH 43920 Full Service B&M $43,139
Premier Bank 7707 Mentor Avenue Mentor, OH 44060 Full Service B&M $73,826
Premier Bank 905 North Williams Street Paulding, OH 45879 Full Service B&M $115,677
Premier Bank 980 Great East Plaza Niles, OH 44446 Full Service B&M $40,103
Premier Bank 9909 Illinois Rd Fort Wayne, IN 46804 Full Service B&M $126,165
Premier Bank 998 Third Street Beaver, PA 15009 Full Service B&M $38,685
Premier Bank 105 South Greenlawn Avenue Elida, OH 45807 Full Service B&M $53,385
Premier Bank 1050 E Main St Montpelier, OH 43543 Full Service B&M $66,408
Premier Bank 107 Plaza Drive, Suite A Saint Clairsville, OH 43950 Full Service B&M $40,310
Premier Bank 1077 Louisiana Avenue Perrysburg, OH 43551 Full Service B&M $80,271
Premier Bank 112 East Liberty Street Arlington, OH 45814 Full Service B&M $26,571
Premier Bank 1130 State Route 303 Streetsboro, OH 44241 Full Service B&M $24,464
Premier Bank 1177 N. Clinton St. Defiance, OH 43512 Full Service B&M $59,595
Premier Bank 2600 Allentown Road Lima, OH 45805 Full Service B&M $74,038
Premier Bank 275 W Federal St Youngstown, OH 44503 Full Service B&M $289,426
Premier Bank 275 W Federal St Youngstown, OH 44503 Full Service B&M $313,074
Premier Bank 2760 Navarre Avenue Oregon, OH 43616 Full Service B&M $60,261
Premier Bank 279 Jamesway Marion, OH 43302 Full Service B&M $38,435
Premier Bank 29 N Broad Street Canfield, OH 44406 Full Service B&M $80,402
Premier Bank 2920 West Central Avenue Toledo, OH 43606 Full Service B&M $2,616
Premier Bank 2996 Mccartney Road Youngstown, OH 44505 Full Service B&M $15,084
Premier Bank 30 East Main Street Ashland, OH 44805 Full Service B&M $57,548
Premier Bank 300 North Main Street Adrian, MI 49221 Limited, Drive-thru $115,345
Premier Bank 301 South Main Street Findlay, OH 45840 Full Service B&M $164,941
Premier Bank 301 South Myrtle Avenue Willard, OH 44890 Full Service B&M $44,875
Premier Bank 3085 West Market Street, Suite 100 Fairlawn, OH 44333 Full Service B&M $56,137
Premier Bank 539 South Meridian Road Hudson, MI 49247 Limited, Drive-thru $62,626
Premier Bank 5520 Monroe Street Sylvania, OH 43560 Full Service B&M $28,810
Premier Bank 601 Clinton Street Defiance, OH 43512 Full Service B&M $0
Premier Bank 6030 Mahoning Avenue Youngstown, OH 44515 Full Service B&M $127,925
Premier Bank 6141 Whipple Avenue, N.W. North Canton, OH 44720 Full Service B&M $240,772
Premier Bank 625 Scott St Napoleon, OH 43545 Full Service B&M $116,978
Premier Bank 650 E State St Salem, OH 44460 Full Service B&M $82,166
Premier Bank 6599 Longshore Street, Building B Dublin, OH 43017 Full Service B&M $0
Premier Bank 6599 Longshore Street, Building B Dublin, OH 43017 Full Service B&M $71,399
Premier Bank 7075 N Aurora Road Aurora, OH 44202 Full Service B&M $41,133
Premier Bank 7437 Coldwater Road Fort Wayne, IN 46825 Full Service B&M $59,810
Premier Bank 7525 Market Street Youngstown, OH 44512 Full Service B&M $184,430
Premier Bank 7591 Patriot Drive Findlay, OH 45840 Full Service B&M $79,922
Premier Bank 195 Barks Road West Marion, OH 43302 Full Service B&M $44,892
Premier Bank 201 East High Street Hicksville, OH 43526 Full Service B&M $59,022
Premier Bank 201 Meadowlands Drive Chardon, OH 44024 Full Service B&M $41,523
Premier Bank 202 South Main Street Poland, OH 44514 Full Service B&M $152,654
Premier Bank 203 E. Berry Street Fort Wayne, IN 46802 Full Service B&M $23,931
Premier Bank 204 East High Street Bryan, OH 43506 Full Service B&M $230,991
Premier Bank 210 W. Lincoln Way Lisbon, OH 44432 Full Service B&M $39,167
Premier Bank 211 North Sandusky Street Bellevue, OH 44811 Full Service B&M $41,088
Premier Bank 211 S Fulton St Wauseon, OH 43567 Full Service B&M $111,733
Premier Bank 211 West Main Street Morenci, MI 49256 Full Service B&M $47,133
Premier Bank 22020 State Route 51 West Genoa, OH 43430 Full Service B&M $56,668
Premier Bank 230 East Second Street Delphos, OH 45833 Full Service B&M $138,187
Premier Bank 2565 Shawnee Road Lima, OH 45806 Full Service B&M $66,571

For 2021, First Federal Bank Of The Midwest had 78 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $242,660
Net interest income $229,155
Total noninterest income $58,780
Gross Fiduciary activities income $4,031
Service charges on deposit accounts $17,583
Trading account gains and fees $0
Additional Noninterest Income $37,166
Pre-tax net operating income $149,817
Securities gains (or losses, -) $2,218
Income before extraordinary items $122,330
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $122,330
Minority interest net income $0
Net income $122,330
Sale, conversion, retirement of capital stock, net $2,806
Net operating income $120,555

First Federal Bank Of The Midwest's gross interest income from loans was $242,660,000.
First Federal Bank Of The Midwest's net interest income from loans was $229,155,000.
First Federal Bank Of The Midwest's fee based income from loans was $17,583,000.
First Federal Bank Of The Midwest's net income from loans was $122,330,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $13,505
Provision for credit losses $-7,052
Total noninterest expense $145,170
Salaries and employee benefits $80,073
Premises and equipment expense $17,816
Additional noninterest expense $47,281
Applicable income taxes $29,705
Net charge-offs $8,878
Cash dividends $35,000

First Federal Bank Of The Midwest's interest expense for loans was $13,505,000.
First Federal Bank Of The Midwest's payroll and benefits expense were $80,073,000.
First Federal Bank Of The Midwest's property, plant and equipment expenses $17,816,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 1.0%
HELOC loans 0.0%
All other family 1.0%
Commercial & industrial loans 1.0%
Personal loans 1.0%
Credit card loans 0.0%
Other individual loans 1.0%
Auto loans 1.0%
Other consumer loans 2.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $6,331,405
Deposits held in domestic offices $6,331,405
Deposits by Individuals, partnerships, and corporations $5,637,563
Deposits by U.S. Government $38
Deposits by States and political subdivisions in the U.S. $686,730
Deposits by Commercial banks and other depository institutions in U.S. $7,075
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $2,856,424
Demand deposits $2,094,742
Nontransaction accounts $3,474,982
Money market deposit accounts (MMDAs) $1,870,202
Other savings deposits (excluding MMDAs) $804,657
Total time deposits $800,123
Total time and savings deposits $4,236,664
Noninterest-bearing deposits $1,774,126
Interest-bearing deposits $4,557,279
Retail deposits $6,168,759
IRAs and Keogh plan accounts $145,291
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $7,423,952
Cash & Balances due from depository institutions $148,255
Interest-bearing balances $80,250
Total securities $1,206,260
Federal funds sold & reverse repurchase $0
Net loans and leases $5,391,647
Loan and leases loss allowance $66,468
Trading account assets $1,254
Bank premises and fixed assets $66,487
Other real estate owned $77
Goodwill and other intangibles $336,826
All other assets $273,146

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $7,423,952
Total Liabilities $6,389,572
Total deposits $6,331,405
Interest-bearing deposits $4,557,279
Deposits held in domestic offices $6,331,405
% insured (estimated) $70
Federal funds purchased and repurchase agreements $0
Trading liabilities $1,272
Other borrowed funds $0
Subordinated debt $0
All other liabilities $56,895

Issued Loan Types

Type Value (in 000's)
Net loans and leases $5,391,647
Loan and leases loss allowance $66,468
Total loans and leases (domestic) $5,458,115
All real estate loans $4,432,311
Real estate loans in domestic offices $4,432,311
Construction and development loans $572,326
Residential 1-4 family construction $221,377
Other construction, all land development and other land $350,949
Loans secured by nonfarm nonresidential properties $1,679,813
Nonfarm nonresidential secured by owner-occupied properties $624,647
Commercial real estate & other non-farm, non-residential $1,055,166
Multifamily residential real estate $563,634
1-4 family residential loans $1,507,077
Farmland loans $109,461
Loans held in foreign offices $0
Farm loans $45,204
Commercial and industrial loans $850,496
To non-U.S. addressees $0
Loans to individuals $128,159
Credit card loans $0
Related Plans $10,652
Consumer Auto Loans $90,870
Other loans to individuals $26,637
All other loans & leases $1,945
Loans to foreign governments and official institutions $0
Other loans $0
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $7,633
Non 1-4 family restructured loans & leases $3,269
Total loans and leases (foreign) $0

First Federal Bank of the Midwest had $5,391,647,000 of loans outstanding in 2021. $4,432,311,000 of loans were in real estate loans. $572,326,000 of loans were in development loans. $563,634,000 of loans were in multifamily mortgage loans. $1,507,077,000 of loans were in 1-4 family mortgage loans. $45,204,000 of loans were in farm loans. $0 of loans were in credit card loans. $90,870,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 1,307 $340,889 $260,818
Nonfarm, nonresidential loans - <$100k 203 $9,209 $45,365
Nonfarm, nonresidential loans - $100-250k 418 $48,967 $117,146
Nonfarm, nonresidential loans - $250k-1MM 686 $282,713 $412,118
Commercial & Industrial, US addressed loans - <$1MM 2,712 $283,883 $104,677
Commercial & Industrial, US addressed loans - <$100k 1,383 $32,635 $23,597
Commercial & Industrial, US addressed loans - $100-250k 600 $53,339 $88,898
Commercial & Industrial, US addressed loans - $250k-1MM 729 $197,909 $271,480
Farmland loans - <$1MM 390 $51,612 $132,338
Farmland loans - <$100k 87 $3,050 $35,057
Farmland loans - $100-250k 173 $18,432 $106,543
Farmland loans - $250k-1MM 130 $30,130 $231,769
Agriculture operations loans - <$1MM 356 $21,734 $61,051
Agriculture operations loans - <$100k 232 $6,811 $29,358
Agriculture operations loans - $100-250k 78 $6,162 $79,000
Agriculture operations loans - $250k-1MM 46 $8,761 $190,457