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

Youngstown, OH

LEI: 549300LNUJ0IPK43UX33

Tax ID: 34-1746771

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Mortgage Data

Bank Data

Review & Overview

First Federal Bank Of The Midwest is a smaller bank specializing in Home Purchase and Refi loans. First Federal Bank Of The Midwest has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Toledo, Findlay, Columbus, Fort Wayne, and Adrian among others. We have data for 71 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Bank Of The Midwest has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Federal Bank Of The Midwest is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.09% 3/28/24
30 Year Conventional Refi 6.07% 3/28/24
30 Year Cash-out Refi 6.49% 3/28/24
30 Year FHA Purchase 6.91% 3/28/24
30 Year FHA Refi 7.06% 3/28/24
30 Year VA Purchase 6.03% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.55% 3/28/24
15 Year Conventional Purchase 5.64% 3/28/24
15 Year Conventional Refi 6.22% 3/28/24
15 Year Cash-out Refi 6.22% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Federal Bank Of The Midwest Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Federal Bank Of The Midwest. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,441

Origination Dollar Volume (All Markets)

$537,275,000

Employee count

582 Show all (22) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
TOLEDO, OH (FHA|USDA|VA) 753 $134,855,000 $179,090 $2,649 4.44%
Outside of Metro Areas 703 $77,405,000 $110,107 $2,228 4.44%
Findlay, OH (FHA|USDA|VA) 487 $74,155,000 $152,269 $2,044 4.55%
COLUMBUS, OH (FHA|USDA|VA) 104 $57,810,000 $555,865 $2,409 4.04%
FORT WAYNE, IN (FHA|USDA|VA) 170 $35,030,000 $206,059 $1,878 4.18%
Adrian, MI (FHA|USDA|VA) 231 $28,175,000 $121,970 $2,521 4.30%
LIMA, OH (FHA|USDA|VA) 230 $27,980,000 $121,652 $2,049 4.37%
Defiance, OH (FHA|USDA|VA) 268 $27,450,000 $102,425 $2,316 4.44%
Marion, OH (FHA|USDA|VA) 146 $16,780,000 $114,932 $2,342 4.59%
Van Wert, OH (FHA|USDA|VA) 56 $5,570,000 $99,464 $2,011 4.37%
Angola, IN (FHA|USDA|VA) 18 $4,290,000 $238,333 $2,359 3.92%
Wapakoneta, OH (FHA|USDA|VA) 32 $4,280,000 $133,750 $2,115 4.44%
Tiffin, OH (FHA|USDA|VA) 32 $4,150,000 $129,688 $2,079 4.52%
Hillsdale, MI (FHA|USDA|VA) 32 $3,010,000 $94,063 $2,296 4.34%
Bucyrus-Galion, OH (FHA|USDA|VA) 8 $2,830,000 $353,750 $2,983 4.53%
ANN ARBOR, MI (FHA|USDA|VA) 13 $2,565,000 $197,308 $3,343 4.49%
MONROE, MI (FHA|USDA|VA) 11 $1,905,000 $173,182 $1,989 4.17%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $1,760,000 $220,000 $2,687 3.47%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $1,515,000 $303,000 $2,363 3.80%
Coldwater, MI (FHA|USDA|VA) 8 $1,450,000 $181,250 $2,578 4.28%
Kendallville, IN (FHA|USDA|VA) 9 $1,445,000 $160,556 $1,843 4.08%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $0 5.25%
Fremont, OH (FHA|USDA|VA) 17 $1,385,000 $81,471 $2,366 4.49%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $1,380,000 $690,000 $2,504 4.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $1,305,000 $435,000 $3,273 3.96%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,290,000 $322,500 $2,878 3.28%
Celina, OH (FHA|USDA|VA) 9 $1,265,000 $140,556 $1,736 4.36%
DAYTON-KETTERING, OH (FHA|USDA|VA) 5 $1,055,000 $211,000 $3,265 3.63%
JACKSON, MI (FHA|USDA|VA) 7 $1,015,000 $145,000 $2,432 3.89%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $805,000 $268,333 $3,720 3.33%
Traverse City, MI (FHA|USDA|VA) 3 $795,000 $265,000 $2,172 4.33%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $780,000 $195,000 $2,112 4.50%
Bellefontaine, OH (FHA|USDA|VA) 3 $735,000 $245,000 $3,723 4.83%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $620,000 $310,000 $3,065 3.75%
Auburn, IN (FHA|USDA|VA) 5 $605,000 $121,000 $1,887 4.08%
Urbana, OH (FHA|USDA|VA) 3 $585,000 $195,000 $0 5.50%
Bluffton, IN (FHA|USDA|VA) 2 $550,000 $275,000 $1,994 4.13%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $535,000 $178,333 $2,868 4.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $530,000 $265,000 $3,068 3.81%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $520,000 $260,000 $2,606 3.44%
Sidney, OH (FHA|USDA|VA) 3 $495,000 $165,000 $2,632 3.83%
KNOXVILLE, TN (FHA|USDA|VA) 2 $350,000 $175,000 $2,617 3.81%
EL PASO, TX (FHA|USDA|VA) 1 $345,000 $345,000 $3,783 4.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $335,000 $335,000 $3,916 3.75%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $330,000 $165,000 $2,552 4.69%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $295,000 $295,000 $5,772 3.50%
Holland, MI (FHA|USDA|VA) 1 $285,000 $285,000 $2,373 4.00%
Zanesville, OH (FHA|USDA|VA) 1 $275,000 $275,000 $5,307 3.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $265,000 $265,000 $5,932 4.00%
AKRON, OH (FHA|USDA|VA) 1 $255,000 $255,000 $4,192 3.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,121 3.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,578 4.13%
Huntington, IN (FHA|USDA|VA) 2 $190,000 $95,000 $1,820 4.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,073 4.88%
Warsaw, IN (FHA|USDA|VA) 2 $160,000 $80,000 $2,011 4.50%
Big Rapids, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,295 3.88%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,565 3.75%
Wabash, IN (FHA|USDA|VA) 1 $135,000 $135,000 $4,704 3.13%
Sandusky, OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,804 3.75%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,241 3.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $105,000 $105,000 $1,389 3.13%
Mount Vernon, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.50%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $95,000 $95,000 $1,820 5.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $95,000 $95,000 $2,418 3.13%
Jackson, OH (FHA|USDA|VA) 1 $75,000 $75,000 $6,739 4.13%
Greensburg, IN (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.00%
Norwalk, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,052 5.00%
Decatur, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.61%
Kingsville, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,938 4.50%
MANSFIELD, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,185 4.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.75%
First Federal Bank Of The Midwest's top markets include Toledo, Findlay, Columbus, Fort Wayne, and Adrian among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,475 $463,515,000 $187,279 $2,277 4.04%
    HELOC 906 $67,050,000 $74,007 n/a 5.43%
    USDA 47 $4,895,000 $104,149 $3,299 3.95%
    FHA 13 $1,815,000 $139,615 $5,079 3.31%

    For 2019, First Federal Bank Of The Midwest's most frequently originated type of loan was Conventional, with 2,475 originations. Their 2nd most popular type was HELOC, with 906 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,618 $275,430,000 $170,229 $2,391 4.21%
    Refi 849 $159,815,000 $188,239 $1,966 4.40%
    Cash Out Refi 395 $59,105,000 $149,633 $2,494 3.85%
    Other 392 $26,420,000 $67,398 $2,244 5.31%
    Home Improvement 187 $16,505,000 $88,262 $1,855 5.37%

    For 2019, First Federal Bank Of The Midwest's most frequently cited loan purpose was Home Purchase, with 1,618 originations. The 2nd most popular reason was Refi, with 849 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,521 $230,745,000 $151,706 $2,368 4.11%
    15 Year 1,429 $141,915,000 $99,311 $2,090 4.69%
    10 Year 186 $69,120,000 $371,613 $1,386 4.95%
    20 Year 116 $17,220,000 $148,448 $2,216 3.80%
    30+ year 85 $23,515,000 $276,647 $3,718 4.47%
    Other 75 $27,855,000 $371,400 $2,412 3.96%
    1 Year 17 $5,065,000 $297,941 $0 5.81%
    5 Year 10 $21,490,000 $2,149,000 $813 5.64%
    3 Year 2 $350,000 $175,000 $0 5.50%

    For 2019, First Federal Bank Of The Midwest's most frequently cited loan duration was 30 Year, with 1,521 originations. The 2nd most popular length was 15 Year, with 1,429 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,765 $254,765,000 $144,343
    $1k-2k 355 $65,785,000 $185,310
    $2k-3k 115 $21,725,000 $188,913
    $3k-4k 30 $6,820,000 $227,333
    $5k+ 11 $3,635,000 $330,455
    $4k-5k 8 $2,350,000 $293,750

    First Federal Bank Of The Midwest's average total fees were $2,368, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,765 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,394 $224,910,000 $161,341
    4-5% 1,106 $185,870,000 $168,056
    5-6% 714 $99,730,000 $139,678
    6-7% 99 $7,955,000 $80,354
    2.5-3% 60 $14,370,000 $239,500
    7-8% 54 $2,850,000 $52,778
    <2.5% 14 $1,590,000 $113,571

    During 2019, First Federal Bank Of The Midwest's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 1,394 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,580 $90,970,000 $57,576 $1,921 4.77%
    $100k-200k 1,192 $165,640,000 $138,960 $2,309 4.10%
    $200k-400k 532 $143,180,000 $269,135 $2,777 4.02%
    $400k-600k 103 $48,385,000 $469,757 $3,393 4.08%
    $1MM+ 21 $79,205,000 $3,771,667 $0 5.02%
    $600k-1MM 13 $9,895,000 $761,154 $2,416 5.32%

    2019 saw First Federal Bank Of The Midwest place emphasis on $100,000 or less loans with 1,580 originations, totaling $90,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 872 $71,470,000 $81,961 $2,027 4.26%
    $50k-75k 702 $74,980,000 $106,809 $2,351 4.36%
    $75k-100k 574 $74,040,000 $128,990 $2,410 4.41%
    $100k-150k 562 $83,560,000 $148,683 $2,441 4.44%
    $150k-250k 325 $69,265,000 $213,123 $2,741 4.35%
    $250k+ 148 $42,870,000 $289,662 $2,427 4.16%

    First Federal Bank Of The Midwest lent most frequently to those with incomes in the $50k or less range, with 872 originations. The second most popular income band? $50k-75k, with 702 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 957 $123,745,000 $129,305 $2,262 4.28%
    30-36% 687 $89,065,000 $129,643 $2,311 4.37%
    <20% 406 $48,630,000 $119,778 $2,037 4.17%
    39% 146 $17,240,000 $118,082 $2,515 4.79%
    38% 142 $16,840,000 $118,592 $2,209 4.42%
    36% 135 $14,815,000 $109,741 $2,390 4.53%
    37% 118 $15,260,000 $129,322 $2,359 4.36%
    41% 96 $13,810,000 $143,854 $2,508 4.35%
    42% 93 $12,905,000 $138,763 $2,401 4.49%
    40% 89 $12,445,000 $139,831 $2,263 4.44%
    43% 78 $9,960,000 $127,692 $2,706 4.51%
    44% 61 $7,715,000 $126,475 $2,379 4.52%
    45% 54 $9,260,000 $171,481 $2,845 4.17%
    46% 51 $8,825,000 $173,039 $2,493 4.04%
    47% 42 $5,510,000 $131,190 $2,452 4.29%
    49% 31 $6,365,000 $205,323 $2,983 4.10%
    50-60% 30 $4,760,000 $158,667 $2,864 4.57%
    48% 28 $4,950,000 $176,786 $2,306 4.20%
    >60% 21 $3,085,000 $146,905 $2,264 4.95%

    First Federal Bank Of The Midwest lent most frequently to those with DTI ratios of 20-30%, with 957 originations. The next most common DTI ratio? 30-36%, with 687 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,162 $411,990,000 $130,294 $2,321 4.38%
    Not applicable 139 $105,965,000 $762,338 $0 5.38%
    Black 76 $8,910,000 $117,237 $1,987 3.70%
    Not provided 30 $5,200,000 $173,333 $2,327 4.33%
    Asian 25 $3,675,000 $147,000 $2,710 4.51%
    American Indian 5 $775,000 $155,000 $2,368 4.20%
    Native Hawaiian or Islander 3 $735,000 $245,000 $2,338 3.33%
    Other Pacific Islander 1 $25,000 $25,000 $1,847 4.25%

    Approval Rates

    Total approvals of all applications
    92.33%

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

    Pick Rate

    Approvals leading to origination
    87.30%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,441 $537,275,000 $156,139

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 5 $2,665,000 $533,000
    Multifamily:Site-Built 61 $90,615,000 $1,485,492
    Single Family (1-4 Units):Manufactured 50 $3,680,000 $73,600
    Single Family (1-4 Units):Site-Built 3,325 $440,315,000 $132,426

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 463 $40,545,000 $87,570 $1,742 4.98%
    40-60% 403 $58,875,000 $146,092 $2,062 4.38%
    60-80% 1,017 $225,515,000 $221,745 $2,445 4.14%
    80-100% 1,205 $196,955,000 $163,448 $2,367 4.10%
    Over 100% 3 $395,000 $131,667 $2,585 2.58%
    Under 20% 341 $13,435,000 $39,399 $1,023 5.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST MIDWEST BANCORP, INC. FHA mortgage Struggling to pay mortgage 1 50.0%
    FIRST MIDWEST BANCORP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Federal Bank of the Midwest 105 South Greenlawn Avenue Elida, OH 45807 Full Service B&M $42,401
    First Federal Bank of the Midwest 1050 E Main St Montpelier, OH 43543 Full Service B&M $54,702
    First Federal Bank of the Midwest 1077 Louisiana Avenue Perrysburg, OH 43551 Full Service B&M $53,133
    First Federal Bank of the Midwest 112 East Liberty Street Arlington, OH 45814 Full Service B&M $20,673
    First Federal Bank of the Midwest 1177 N. Clinton St. Defiance, OH 43512 Full Service B&M $46,205
    First Federal Bank of the Midwest 118 South Sandusky Avenue Upper Sandusky, OH 43351 Full Service B&M $128,523
    First Federal Bank of the Midwest 1200 North Main Street Bowling Green, OH 43402 Full Service B&M $12,793
    First Federal Bank of the Midwest 1226 W Wooster St Bowling Green, OH 43402 Full Service B&M $135,220
    First Federal Bank of the Midwest 124 East Main Street Mccomb, OH 45858 Full Service B&M $22,102
    First Federal Bank of the Midwest 128 South Vance Street Carey, OH 43316 Full Service B&M $54,754
    First Federal Bank of the Midwest 135 South Main Street Glandorf, OH 45848 Full Service B&M $17,800
    First Federal Bank of the Midwest 1449 W Chicago Blvd Tecumseh, MI 49286 Full Service Retail $65,867
    First Federal Bank of the Midwest 1694 N. Countyline Road Fostoria, OH 44830 Full Service B&M $61,994
    First Federal Bank of the Midwest 1701 West Maumee Street Adrian, MI 49221 Full Service B&M $52,261
    First Federal Bank of the Midwest 1707 Cherry Street Toledo, OH 43608 Full Service B&M $10,452
    First Federal Bank of the Midwest 1800 Scott Street Napoleon, OH 43545 Full Service B&M $43,868
    First Federal Bank of the Midwest 195 Barks Road West Marion, OH 43302 Full Service B&M $46,358
    First Federal Bank of the Midwest 201 East High Street Hicksville, OH 43526 Full Service B&M $39,546
    First Federal Bank of the Midwest 203 E. Berry Street Fort Wayne, IN 46802 Full Service B&M $1,069
    First Federal Bank of the Midwest 204 East High Street Bryan, OH 43506 Full Service B&M $173,460
    First Federal Bank of the Midwest 211 S Fulton St Wauseon, OH 43567 Full Service B&M $84,541
    First Federal Bank of the Midwest 211 West Main Street Morenci, MI 49256 Full Service B&M $38,935
    First Federal Bank of the Midwest 22020 State Route 51 West Genoa, OH 43430 Full Service B&M $40,753
    First Federal Bank of the Midwest 230 East Second Street Delphos, OH 45833 Full Service B&M $105,203
    First Federal Bank of the Midwest 2565 Shawnee Road Lima, OH 45806 Full Service B&M $49,853
    First Federal Bank of the Midwest 2600 Allentown Road Lima, OH 45805 Full Service B&M $60,710
    First Federal Bank of the Midwest 2760 Navarre Avenue Oregon, OH 43616 Full Service B&M $43,093
    First Federal Bank of the Midwest 279 Jamesway Marion, OH 43302 Full Service B&M $31,116
    First Federal Bank of the Midwest 2920 West Central Avenue Toledo, OH 43606 Full Service B&M $2,065
    First Federal Bank of the Midwest 300 North Main Street Adrian, MI 49221 Limited, Drive-thru $84,658
    First Federal Bank of the Midwest 301 South Main Street Findlay, OH 45840 Full Service B&M $108,322
    First Federal Bank of the Midwest 3900 N. Main Street Findlay, OH 45840 Full Service B&M $63,455
    First Federal Bank of the Midwest 405 East Main Street Ottawa, OH 45875 Full Service B&M $93,989
    First Federal Bank of the Midwest 417 West Dussel Drive Maumee, OH 43537 Full Service B&M $97,991
    First Federal Bank of the Midwest 4501 Cemetery Road Hilliard, OH 43026 Full Service Retail $10,509
    First Federal Bank of the Midwest 539 South Meridian Road Hudson, MI 49247 Limited, Drive-thru $49,879
    First Federal Bank of the Midwest 5520 Monroe Street Sylvania, OH 43560 Full Service B&M $9,756
    First Federal Bank of the Midwest 601 Clinton Street Defiance, OH 43512 Full Service B&M $275,431
    First Federal Bank of the Midwest 625 Scott St Napoleon, OH 43545 Full Service B&M $98,245
    First Federal Bank of the Midwest 7437 Coldwater Road Fort Wayne, IN 46825 Full Service B&M $38,023
    First Federal Bank of the Midwest 7591 Patriot Drive Findlay, OH 45840 Full Service B&M $60,332
    First Federal Bank of the Midwest 905 North Williams Street Paulding, OH 45879 Full Service B&M $92,458
    First Federal Bank of the Midwest 9909 Illinois Rd Fort Wayne, IN 46804 Full Service B&M $60,036
    First Federal Bank of the Midwest Wyandot And Cherokee Streets Harpster, OH 43323 Full Service B&M $13,424

    For 2019, First Federal Bank Of The Midwest had 44 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $141,585
    Net interest income $117,518
    Total noninterest income $30,364
    Gross Fiduciary activities income $2,255
    Service charges on deposit accounts $6,422
    Trading account gains and fees $0
    Additional Noninterest Income $21,687
    Pre-tax net operating income $59,461
    Securities gains (or losses, -) $24
    Income before extraordinary items $48,175
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $48,175
    Minority interest net income $0
    Net income $48,175
    Sale, conversion, retirement of capital stock, net $1,656
    Net operating income $48,155

    First Federal Bank Of The Midwest's gross interest income from loans was $141,585,000.
    First Federal Bank Of The Midwest's net interest income from loans was $117,518,000.
    First Federal Bank Of The Midwest's fee based income from loans was $6,422,000.
    First Federal Bank Of The Midwest's net income from loans was $48,175,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $24,067
    Provision for credit losses $2,905
    Total noninterest expense $85,516
    Salaries and employee benefits $47,847
    Premises and equipment expense $10,767
    Additional noninterest expense $26,902
    Applicable income taxes $11,310
    Net charge-offs $-7
    Cash dividends $36,000

    First Federal Bank Of The Midwest's interest expense for loans was $24,067,000.
    First Federal Bank Of The Midwest's payroll and benefits expense were $47,847,000.
    First Federal Bank Of The Midwest's property, plant and equipment expenses $10,767,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,899,049
    Deposits held in domestic offices $2,899,049
    Deposits by Individuals, partnerships, and corporations $2,592,643
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $297,023
    Deposits by Commercial banks and other depository institutions in U.S. $9,383
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $414,098
    Demand deposits $328,353
    Nontransaction accounts $2,484,951
    Money market deposit accounts (MMDAs) $555,039
    Other savings deposits (excluding MMDAs) $1,191,124
    Total time deposits $738,789
    Total time and savings deposits $2,570,696
    Noninterest-bearing deposits $659,083
    Interest-bearing deposits $2,239,966
    Retail deposits $2,791,513
    IRAs and Keogh plan accounts $90,858
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,439,822
    Cash & Balances due from depository institutions $125,961
    Interest-bearing balances $85,750
    Total securities $283,448
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,764,329
    Loan and leases loss allowance $31,243
    Trading account assets $0
    Bank premises and fixed assets $38,737
    Other real estate owned $100
    Goodwill and other intangibles $94,999
    All other assets $132,248

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,439,822
    Total Liabilities $3,020,326
    Total deposits $2,899,049
    Interest-bearing deposits $2,239,966
    Deposits held in domestic offices $2,899,049
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $2,999
    Trading liabilities $0
    Other borrowed funds $85,063
    Subordinated debt $0
    All other liabilities $33,215

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,764,329
    Loan and leases loss allowance $31,243
    Total loans and leases (domestic) $2,795,572
    All real estate loans $2,180,175
    Real estate loans in domestic offices $2,180,175
    Construction and development loans $271,159
    Residential 1-4 family construction $29,767
    Other construction, all land development and other land $241,392
    Loans secured by nonfarm nonresidential properties $1,042,085
    Nonfarm nonresidential secured by owner-occupied properties $440,075
    Commercial real estate & other non-farm, non-residential $602,010
    Multifamily residential real estate $270,571
    1-4 family residential loans $468,643
    Farmland loans $127,717
    Loans held in foreign offices $0
    Farm loans $44,938
    Commercial and industrial loans $533,504
    To non-U.S. addressees $0
    Loans to individuals $34,054
    Credit card loans $0
    Related Plans $6,922
    Consumer Auto Loans $11,571
    Other loans to individuals $15,561
    All other loans & leases $2,902
    Loans to foreign governments and official institutions $0
    Other loans $214
    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 $7,973
    Non 1-4 family restructured loans & leases $2,930
    Total loans and leases (foreign) $0

    First Federal Bank of the Midwest had $2,764,329,000 of loans outstanding in 2019. $2,180,175,000 of loans were in real estate loans. $271,159,000 of loans were in development loans. $270,571,000 of loans were in multifamily mortgage loans. $468,643,000 of loans were in 1-4 family mortgage loans. $44,938,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,571,000 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 1,130 $266,320 $235,681
    Nonfarm, nonresidential loans - <$100k 234 $10,074 $43,051
    Nonfarm, nonresidential loans - $100-250k 377 $44,193 $117,223
    Nonfarm, nonresidential loans - $250k-1MM 519 $212,053 $408,580
    Commercial & Industrial, US addressed loans - <$1MM 1,959 $180,766 $92,275
    Commercial & Industrial, US addressed loans - <$100k 1,123 $30,538 $27,193
    Commercial & Industrial, US addressed loans - $100-250k 416 $39,457 $94,849
    Commercial & Industrial, US addressed loans - $250k-1MM 420 $110,771 $263,740
    Farmland loans - <$1MM 476 $57,218 $120,206
    Farmland loans - <$100k 123 $4,358 $35,431
    Farmland loans - $100-250k 213 $21,761 $102,164
    Farmland loans - $250k-1MM 140 $31,099 $222,136
    Agriculture operations loans - <$1MM 362 $21,358 $59,000
    Agriculture operations loans - <$100k 236 $6,630 $28,093
    Agriculture operations loans - $100-250k 84 $7,523 $89,560
    Agriculture operations loans - $250k-1MM 42 $7,205 $171,548