First Federal Bank Of The Midwest Mortgage Rates, Fees & Info
Youngstown, OHLEI: 549300LNUJ0IPK43UX33
Tax ID: 34-1746771
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.09% | 12/16/24 |
| 30 Year Conventional Refi | 6.07% | 12/16/24 |
| 30 Year Cash-out Refi | 6.49% | 12/16/24 |
| 30 Year FHA Purchase | 6.91% | 12/16/24 |
| 30 Year FHA Refi | 7.06% | 12/16/24 |
| 30 Year VA Purchase | 6.03% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.55% | 12/16/24 |
| 15 Year Conventional Purchase | 5.64% | 12/16/24 |
| 15 Year Conventional Refi | 6.22% | 12/16/24 |
| 15 Year Cash-out Refi | 6.22% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,441Origination Dollar Volume (All Markets)
$537,275,000Employee count
582Awards
First Federal Bank of the Midwest - 2019
First Federal Bank of the Midwest is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications92.33%
First Federal Bank Of The Midwest has an average approval rate.
Pick Rate
Approvals leading to origination87.30%
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
LTV Distribution
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 |