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

Youngstown, OH

LEI: 549300LNUJ0IPK43UX33

Tax ID: 34-1746771

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Toledo, Columbus, Cleveland, Morgantown, and Youngstown among others. We have data for 133 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% 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






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

8,942

Origination Dollar Volume (All Markets)

$1,911,360,000

Employee count

1,038 Show all (12) 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) 1,165 $221,025,000 $189,721 $3,163 3.28%
COLUMBUS, OH (FHA|USDA|VA) 387 $203,095,000 $524,793 $3,997 3.27%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 700 $194,060,000 $277,229 $3,872 3.29%
MORGANTOWN, WV (FHA|USDA|VA) 461 $134,935,000 $292,701 $3,826 3.14%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 834 $132,840,000 $159,281 $3,145 3.38%
Findlay, OH (FHA|USDA|VA) 631 $122,935,000 $194,826 $2,307 3.29%
Outside of Metro Areas 918 $116,940,000 $127,386 $2,619 3.33%
PITTSBURGH, PA (FHA|USDA|VA) 321 $106,635,000 $332,196 $5,519 3.32%
AKRON, OH (FHA|USDA|VA) 347 $82,915,000 $238,948 $3,683 3.26%
Adrian, MI (FHA|USDA|VA) 324 $52,980,000 $163,519 $2,500 3.31%
FORT WAYNE, IN (FHA|USDA|VA) 262 $50,990,000 $194,618 $2,225 3.22%
CANTON-MASSILLON, OH (FHA|USDA|VA) 177 $43,035,000 $243,136 $3,702 3.46%
Salem, OH (FHA|USDA|VA) 289 $33,845,000 $117,111 $3,072 3.58%
Defiance, OH (FHA|USDA|VA) 291 $32,145,000 $110,464 $2,452 3.32%
Marion, OH (FHA|USDA|VA) 215 $28,965,000 $134,721 $2,651 3.40%
LIMA, OH (FHA|USDA|VA) 189 $25,265,000 $133,677 $2,577 3.44%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 85 $24,035,000 $282,765 $4,083 3.43%
MONROE, MI (FHA|USDA|VA) 52 $18,320,000 $352,308 $3,172 3.26%
Clarksburg, WV (FHA|USDA|VA) 84 $17,440,000 $207,619 $4,442 3.16%
Fairmont, WV (FHA|USDA|VA) 86 $16,870,000 $196,163 $4,423 3.12%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 32 $16,340,000 $510,625 $3,577 3.50%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $13,880,000 $3,470,000 $2,855 3.57%
Norwalk, OH (FHA|USDA|VA) 135 $13,605,000 $100,778 $2,717 3.47%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 45 $12,095,000 $268,778 $3,223 3.39%
Tiffin, OH (FHA|USDA|VA) 84 $10,450,000 $124,405 $2,587 3.37%
Ashland, OH (FHA|USDA|VA) 36 $8,900,000 $247,222 $3,665 3.51%
Angola, IN (FHA|USDA|VA) 36 $8,570,000 $238,056 $2,481 3.11%
Sandusky, OH (FHA|USDA|VA) 50 $8,300,000 $166,000 $3,761 3.17%
Fremont, OH (FHA|USDA|VA) 55 $8,165,000 $148,455 $3,249 3.26%
Wooster, OH (FHA|USDA|VA) 30 $7,890,000 $263,000 $4,430 3.20%
Bellefontaine, OH (FHA|USDA|VA) 9 $7,315,000 $812,778 $3,436 3.77%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 27 $6,735,000 $249,444 $4,690 3.60%
WHEELING, WV-OH (FHA|USDA|VA) 30 $6,220,000 $207,333 $3,778 3.26%
Van Wert, OH (FHA|USDA|VA) 54 $5,860,000 $108,519 $2,625 3.38%
LOUISVILLE, KY (FHA|USDA|VA) 19 $5,615,000 $295,526 $3,888 3.48%
MANSFIELD, OH (FHA|USDA|VA) 29 $5,205,000 $179,483 $3,670 3.64%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $4,735,000 $430,455 $4,888 3.26%
New Castle, PA (FHA|USDA|VA) 20 $4,690,000 $234,500 $5,216 3.59%
Wapakoneta, OH (FHA|USDA|VA) 35 $4,665,000 $133,286 $2,588 3.50%
Hillsdale, MI (FHA|USDA|VA) 35 $4,025,000 $115,000 $2,639 3.29%
DAYTON-KETTERING, OH (FHA|USDA|VA) 14 $3,880,000 $277,143 $4,120 3.47%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $3,865,000 $1,288,333 $8,907 2.92%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 10 $3,730,000 $373,000 $5,942 3.31%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $3,580,000 $298,333 $4,069 3.47%
ANN ARBOR, MI (FHA|USDA|VA) 17 $3,525,000 $207,353 $2,696 3.24%
JACKSON, MI (FHA|USDA|VA) 18 $3,240,000 $180,000 $2,920 3.10%
Ashtabula, OH (FHA|USDA|VA) 17 $3,085,000 $181,471 $3,858 3.01%
New Philadelphia-Dover, OH (FHA|USDA|VA) 11 $3,035,000 $275,909 $3,930 3.39%
CHARLESTON, WV (FHA|USDA|VA) 11 $3,035,000 $275,909 $4,488 3.13%
Marietta, OH (FHA|USDA|VA) 9 $2,435,000 $270,556 $6,047 3.17%
Auburn, IN (FHA|USDA|VA) 13 $2,405,000 $185,000 $2,350 3.29%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $2,335,000 $333,571 $3,751 3.23%
Warsaw, IN (FHA|USDA|VA) 5 $2,195,000 $439,000 $2,464 3.15%
Coldwater, MI (FHA|USDA|VA) 11 $2,165,000 $196,818 $2,653 3.23%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 8 $2,100,000 $262,500 $3,089 2.94%
BLOOMINGTON, IN (FHA|USDA|VA) 4 $2,060,000 $515,000 $3,379 3.31%
Huntington, IN (FHA|USDA|VA) 4 $1,620,000 $405,000 $1,977 3.65%
Zanesville, OH (FHA|USDA|VA) 7 $1,545,000 $220,714 $4,082 3.38%
MUNCIE, IN (FHA|USDA|VA) 7 $1,535,000 $219,286 $3,785 3.93%
JOHNSTOWN, PA (FHA|USDA|VA) 5 $1,355,000 $271,000 $5,642 3.63%
Bucyrus-Galion, OH (FHA|USDA|VA) 11 $1,315,000 $119,545 $2,484 3.49%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $1,310,000 $218,333 $3,697 3.10%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,265,000 $421,667 $2,777 3.33%
Mount Vernon, OH (FHA|USDA|VA) 6 $1,240,000 $206,667 $4,228 3.85%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $1,155,000 $385,000 $5,010 3.25%
Kendallville, IN (FHA|USDA|VA) 7 $1,095,000 $156,429 $2,077 3.68%
Frankfort, KY (FHA|USDA|VA) 3 $1,035,000 $345,000 $5,130 3.50%
Sidney, OH (FHA|USDA|VA) 5 $1,035,000 $207,000 $3,631 3.35%
Urbana, OH (FHA|USDA|VA) 3 $1,025,000 $341,667 $5,034 3.83%
SPRINGFIELD, OH (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,290 3.34%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $985,000 $328,333 $4,204 2.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $960,000 $480,000 $9,578 3.25%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 5 $905,000 $181,000 $3,015 3.08%
Holland, MI (FHA|USDA|VA) 2 $890,000 $445,000 $2,923 3.44%
WINCHESTER, VA-WV (FHA|USDA|VA) 2 $890,000 $445,000 $13,224 2.81%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $875,000 $291,667 $5,131 2.75%
Celina, OH (FHA|USDA|VA) 4 $830,000 $207,500 $3,452 4.00%
Somerset, PA (FHA|USDA|VA) 2 $780,000 $390,000 $7,069 3.06%
KNOXVILLE, TN (FHA|USDA|VA) 2 $740,000 $370,000 $3,908 3.06%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $725,000 $241,667 $3,557 3.33%
Indiana, PA (FHA|USDA|VA) 4 $720,000 $180,000 $3,775 3.34%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $635,000 $211,667 $4,153 2.79%
ALTOONA, PA (FHA|USDA|VA) 2 $610,000 $305,000 $2,916 3.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $600,000 $300,000 $4,936 3.56%
Coshocton, OH (FHA|USDA|VA) 2 $570,000 $285,000 $4,273 3.56%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $570,000 $285,000 $2,142 2.81%
LANCASTER, PA (FHA|USDA|VA) 1 $555,000 $555,000 $10,378 2.88%
Sault Ste. Marie, MI (FHA|USDA|VA) 2 $510,000 $255,000 $3,049 3.06%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $490,000 $245,000 $3,855 3.13%
Elkins, WV (FHA|USDA|VA) 3 $485,000 $161,667 $3,852 3.08%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $460,000 $230,000 $3,330 3.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $455,000 $455,000 $3,883 3.88%
Bluffton, IN (FHA|USDA|VA) 3 $445,000 $148,333 $2,377 3.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $430,000 $215,000 $3,821 3.13%
Wilmington, OH (FHA|USDA|VA) 2 $430,000 $215,000 $4,708 3.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $425,000 $425,000 $3,500 3.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $425,000 $425,000 $20,933 2.38%
Washington Court House, OH (FHA|USDA|VA) 1 $395,000 $395,000 $5,125 3.88%
Peru, IN (FHA|USDA|VA) 1 $365,000 $365,000 $4,702 3.88%
Decatur, IN (FHA|USDA|VA) 2 $360,000 $180,000 $1,665 2.88%
FLINT, MI (FHA|USDA|VA) 1 $335,000 $335,000 $4,765 3.25%
Sturgis, MI (FHA|USDA|VA) 1 $325,000 $325,000 $2,621 2.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $320,000 $160,000 $1,954 3.50%
ASHEVILLE, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,376 3.38%
DuBois, PA (FHA|USDA|VA) 1 $295,000 $295,000 $5,455 3.63%
North Vernon, IN (FHA|USDA|VA) 1 $275,000 $275,000 $3,540 3.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $5,473 3.63%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $235,000 $235,000 $2,423 3.63%
THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,533 3.13%
New Castle, IN (FHA|USDA|VA) 1 $215,000 $215,000 $5,100 3.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,872 3.25%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $200,000 $100,000 $2,086 3.69%
OCALA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,955 3.63%
OWENSBORO, KY (FHA|USDA|VA) 1 $195,000 $195,000 $4,653 3.38%
Mount Sterling, KY (FHA|USDA|VA) 2 $190,000 $95,000 $2,375 2.75%
Wabash, IN (FHA|USDA|VA) 2 $180,000 $90,000 $2,186 3.94%
Alma, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,317 3.00%
Greensburg, IN (FHA|USDA|VA) 1 $165,000 $165,000 $4,855 3.88%
Chillicothe, OH (FHA|USDA|VA) 1 $165,000 $165,000 $5,095 3.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $165,000 $165,000 $4,700 2.75%
MIDLAND, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,148 2.88%
COLUMBUS, IN (FHA|USDA|VA) 1 $155,000 $155,000 $1,715 3.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $3,040 3.75%
Warren, PA (FHA|USDA|VA) 1 $125,000 $125,000 $2,754 3.25%
NILES, MI (FHA|USDA|VA) 1 $125,000 $125,000 $3,316 3.13%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $115,000 $115,000 $3,047 3.13%
Cambridge, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,008 3.25%
KOKOMO, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,073 2.63%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,063 2.38%
Bluefield, WV-VA (FHA|USDA|VA) 1 $85,000 $85,000 $3,746 2.75%
Jackson, OH (FHA|USDA|VA) 1 $85,000 $85,000 $3,031 2.63%
Meadville, PA (FHA|USDA|VA) 1 $75,000 $75,000 $3,582 3.00%
Somerset, KY (FHA|USDA|VA) 1 $55,000 $55,000 $2,927 3.50%
First Federal Bank Of The Midwest's top markets include Toledo, Columbus, Cleveland, Morgantown, and Youngstown among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,185 $1,761,015,000 $245,096 $3,235 3.25%
    HELOC 1,546 $110,250,000 $71,313 n/a 3.69%
    FHA 99 $16,895,000 $170,657 $6,395 3.23%
    USDA 68 $10,300,000 $151,471 $4,677 3.03%
    VA 44 $12,900,000 $293,182 $7,538 2.65%

    For 2020, First Federal Bank Of The Midwest's most frequently originated type of loan was Conventional, with 7,185 originations. Their 2nd most popular type was HELOC, with 1,546 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,807 $941,085,000 $247,199 $3,856 3.31%
    Refi 3,151 $714,735,000 $226,828 $2,734 3.23%
    Cash Out Refi 920 $178,260,000 $193,761 $3,043 3.27%
    Home Improvement 680 $48,100,000 $70,735 $1,426 3.58%
    Other 384 $29,180,000 $75,990 $2,176 3.87%

    For 2020, First Federal Bank Of The Midwest's most frequently cited loan purpose was Home Purchase, with 3,807 originations. The 2nd most popular reason was Refi, with 3,151 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,048 $833,630,000 $205,936 $3,261 3.26%
    15 Year 1,964 $279,690,000 $142,408 $2,604 3.20%
    20 Year 1,431 $157,115,000 $109,794 $2,787 3.38%
    30+ year 992 $338,340,000 $341,069 $5,112 3.63%
    10 Year 309 $180,745,000 $584,935 $1,716 3.65%
    Other 150 $86,810,000 $578,733 $3,518 2.97%
    5 Year 39 $31,905,000 $818,077 $529 4.01%
    1 Year 7 $2,495,000 $356,429 $0 4.32%
    3 Year 2 $630,000 $315,000 $0 4.11%

    For 2020, First Federal Bank Of The Midwest's most frequently cited loan duration was 30 Year, with 4,048 originations. The 2nd most popular length was 15 Year, with 1,964 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,204 $795,340,000 $189,186
    $1k-2k 2,497 $613,425,000 $245,665
    $2k-3k 222 $63,610,000 $286,532
    $3k-4k 75 $25,905,000 $345,400
    $5k+ 31 $12,355,000 $398,548
    $4k-5k 27 $9,855,000 $365,000

    First Federal Bank Of The Midwest's average total fees were $3,261, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,204 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,906 $1,101,560,000 $224,533
    2.5-3% 2,496 $550,780,000 $220,665
    4-5% 766 $119,700,000 $156,266
    <2.5% 654 $130,360,000 $199,327
    5-6% 96 $8,240,000 $85,833
    6-7% 24 $720,000 $30,000

    During 2020, First Federal Bank Of The Midwest's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 4,906 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,969 $426,275,000 $143,575 $2,889 3.18%
    $100,000 or less 2,635 $154,595,000 $58,670 $2,195 3.54%
    $200k-400k 2,576 $713,640,000 $277,034 $3,870 3.26%
    $400k-600k 544 $256,540,000 $471,581 $4,907 3.25%
    $600k-1MM 149 $113,025,000 $758,557 $5,922 3.41%
    $1MM+ 69 $247,285,000 $3,583,841 $8,881 3.45%

    2020 saw First Federal Bank Of The Midwest place emphasis on $100k-200k loans with 2,969 originations, totaling $426,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,900 $385,480,000 $202,884 $3,566 3.33%
    $50k-75k 1,829 $249,135,000 $136,214 $3,086 3.33%
    $50k or less 1,562 $141,060,000 $90,307 $2,689 3.31%
    $75k-100k 1,434 $243,470,000 $169,784 $3,416 3.32%
    $150k-250k 1,284 $350,850,000 $273,248 $3,678 3.27%
    $250k+ 644 $265,850,000 $412,811 $3,912 3.17%

    First Federal Bank Of The Midwest lent most frequently to those with incomes in the $100k-150k range, with 1,900 originations. The second most popular income band? $50k-75k, with 1,829 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,704 $504,660,000 $186,635 $3,211 3.26%
    30-36% 1,705 $327,375,000 $192,009 $3,352 3.36%
    <20% 1,370 $243,960,000 $178,073 $3,021 3.15%
    39% 314 $55,720,000 $177,452 $3,482 3.48%
    37% 309 $56,975,000 $184,385 $3,426 3.38%
    38% 301 $55,035,000 $182,841 $3,373 3.47%
    36% 285 $54,685,000 $191,877 $3,474 3.38%
    42% 276 $46,300,000 $167,754 $3,490 3.33%
    41% 269 $52,365,000 $194,665 $3,476 3.38%
    40% 259 $49,085,000 $189,517 $3,627 3.44%
    44% 216 $44,200,000 $204,630 $3,647 3.36%
    43% 174 $38,060,000 $218,736 $3,647 3.27%
    45% 138 $30,500,000 $221,014 $4,080 3.26%
    46% 93 $19,115,000 $205,538 $3,256 3.29%
    47% 90 $19,740,000 $219,333 $3,652 3.21%
    48% 84 $18,060,000 $215,000 $3,600 3.33%
    49% 65 $13,385,000 $205,923 $3,366 3.27%
    50-60% 54 $10,820,000 $200,370 $3,704 3.31%
    >60% 43 $4,795,000 $111,512 $1,895 3.78%

    First Federal Bank Of The Midwest lent most frequently to those with DTI ratios of 20-30%, with 2,704 originations. The next most common DTI ratio? 30-36%, with 1,705 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,235 $1,535,145,000 $186,417 $3,298 3.31%
    Not applicable 167 $259,865,000 $1,556,078 $0 3.96%
    Not provided 260 $53,110,000 $204,269 $3,668 3.29%
    Black 170 $29,990,000 $176,412 $3,481 3.13%
    Asian 88 $29,250,000 $332,386 $3,948 3.15%
    American Indian 17 $2,805,000 $165,000 $3,618 3.24%
    Asian Indian 2 $570,000 $285,000 $4,159 2.81%
    Japanese 1 $395,000 $395,000 $0 3.74%
    Native Hawaiian or Islander 2 $230,000 $115,000 $2,191 3.44%

    Approval Rates

    Total approvals of all applications
    92.07%

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

    Pick Rate

    Approvals leading to origination
    84.06%

    First Federal Bank Of The Midwest has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,942 $1,911,360,000 $213,751

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $3,615,000 $1,205,000
    Multifamily:Site-Built 103 $246,925,000 $2,397,330
    Single Family (1-4 Units):Manufactured 103 $9,515,000 $92,379
    Single Family (1-4 Units):Site-Built 8,733 $1,651,305,000 $189,088

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,018 $113,690,000 $111,680 $1,607 3.52%
    40-60% 1,197 $265,325,000 $221,658 $2,995 3.17%
    60-80% 2,974 $755,090,000 $253,897 $3,242 3.24%
    80-100% 3,094 $737,940,000 $238,507 $3,818 3.29%
    Over 100% 17 $4,315,000 $253,824 $9,923 2.42%
    Under 20% 638 $34,210,000 $53,621 $733 3.81%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST MIDWEST BANCORP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 25.0%
    FIRST MIDWEST BANCORP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 50.0%
    FIRST MIDWEST BANCORP, INC. Conventional home mortgage Trouble during payment process 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Premier Bank 1050 E Main St Montpelier, OH 43543 Full Service B&M $58,894
    Premier Bank 105 South Greenlawn Avenue Elida, OH 45807 Full Service B&M $46,082
    Premier Bank 107 Plaza Drive, Suite A Saint Clairsville, OH 43950 Full Service B&M $38,046
    Premier Bank 1077 Louisiana Avenue Perrysburg, OH 43551 Full Service B&M $69,609
    Premier Bank 112 East Liberty Street Arlington, OH 45814 Full Service B&M $23,564
    Premier Bank 1130 State Route 303 Streetsboro, OH 44241 Full Service B&M $21,915
    Premier Bank 1177 N. Clinton St. Defiance, OH 43512 Full Service B&M $52,785
    Premier Bank 118 South Sandusky Avenue Upper Sandusky, OH 43351 Full Service B&M $162,641
    Premier Bank 1200 North Main Street Bowling Green, OH 43402 Full Service B&M $17,044
    Premier Bank 1226 W Wooster St Bowling Green, OH 43402 Full Service B&M $163,654
    Premier Bank 124 East Main Street Mccomb, OH 45858 Full Service B&M $22,863
    Premier Bank 127 North Market Street East Palestine, OH 44413 Full Service B&M $43,745
    Premier Bank 128 South Vance Street Carey, OH 43316 Full Service B&M $59,702
    Premier Bank 135 South Main Street Glandorf, OH 45848 Full Service B&M $23,426
    Premier Bank 1449 W Chicago Blvd Tecumseh, MI 49286 Full Service Retail $107,714
    Premier Bank 14825 South Avenue Extention Columbiana, OH 44408 Full Service B&M $81,351
    Premier Bank 15575 State Route 170 East Liverpool, OH 43920 Full Service B&M $56,508
    Premier Bank 1694 N. Countyline Road Fostoria, OH 44830 Full Service B&M $97,540
    Premier Bank 1701 West Maumee Street Adrian, MI 49221 Full Service B&M $56,461
    Premier Bank 1707 Cherry Street Toledo, OH 43608 Full Service B&M $13,073
    Premier Bank 1800 Scott Street Napoleon, OH 43545 Full Service B&M $51,088
    Premier Bank 182 Tallmadge Rd Kent, OH 44240 Full Service B&M $53,557
    Premier Bank 195 Barks Road West Marion, OH 43302 Full Service B&M $45,056
    Premier Bank 201 East High Street Hicksville, OH 43526 Full Service B&M $47,104
    Premier Bank 201 Meadowlands Drive Chardon, OH 44024 Full Service B&M $46,542
    Premier Bank 202 South Main Street Poland, OH 44514 Full Service B&M $143,944
    Premier Bank 203 E. Berry Street Fort Wayne, IN 46802 Full Service B&M $6,773
    Premier Bank 204 East High Street Bryan, OH 43506 Full Service B&M $209,843
    Premier Bank 210 W. Lincoln Way Lisbon, OH 44432 Full Service B&M $36,099
    Premier Bank 211 North Sandusky Street Bellevue, OH 44811 Full Service B&M $44,524
    Premier Bank 211 S Fulton St Wauseon, OH 43567 Full Service B&M $92,204
    Premier Bank 211 West Main Street Morenci, MI 49256 Full Service B&M $42,459
    Premier Bank 22020 State Route 51 West Genoa, OH 43430 Full Service B&M $45,785
    Premier Bank 230 East Second Street Delphos, OH 45833 Full Service B&M $120,747
    Premier Bank 2565 Shawnee Road Lima, OH 45806 Full Service B&M $62,585
    Premier Bank 2600 Allentown Road Lima, OH 45805 Full Service B&M $60,792
    Premier Bank 275 W Federal St Youngstown, OH 44503 Full Service B&M $225,668
    Premier Bank 275 W Federal St Youngstown, OH 44503 Full Service B&M $318,980
    Premier Bank 2760 Navarre Avenue Oregon, OH 43616 Full Service B&M $60,222
    Premier Bank 279 Jamesway Marion, OH 43302 Full Service B&M $36,665
    Premier Bank 29 N Broad Street Canfield, OH 44406 Full Service B&M $78,818
    Premier Bank 2920 West Central Avenue Toledo, OH 43606 Full Service B&M $3,901
    Premier Bank 2996 Mccartney Road Youngstown, OH 44505 Full Service B&M $13,860
    Premier Bank 30 East Main Street Ashland, OH 44805 Full Service B&M $45,310
    Premier Bank 300 North Main Street Adrian, MI 49221 Limited, Drive-thru $93,571
    Premier Bank 301 South Main Street Findlay, OH 45840 Full Service B&M $153,564
    Premier Bank 301 South Myrtle Avenue Willard, OH 44890 Full Service B&M $41,008
    Premier Bank 3085 West Market Street, Suite 100 Fairlawn, OH 44333 Full Service B&M $51,929
    Premier Bank 32 State St Struthers, OH 44471 Full Service B&M $87,973
    Premier Bank 3500 Belmont Avenue Youngstown, OH 44505 Full Service B&M $97,768
    Premier Bank 3900 N. Main Street Findlay, OH 45840 Full Service B&M $101,405
    Premier Bank 40 East Main Street Lexington, OH 44904 Full Service B&M $24,761
    Premier Bank 4005 Hillman Way Youngstown, OH 44512 Full Service B&M $44,537
    Premier Bank 405 East Main Street Ottawa, OH 45875 Full Service B&M $114,503
    Premier Bank 4112 Milan Road Sandusky, OH 44870 Full Service B&M $32,953
    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 $152,089
    Premier Bank 4259 Kirk Rd. Youngstown, OH 44511 Full Service B&M $111,581
    Premier Bank 4501 Cemetery Road Hilliard, OH 43026 Full Service Retail $40,958
    Premier Bank 4625 N. River Road Warren, OH 44484 Full Service B&M $58,596
    Premier Bank 50 West Main Street Norwalk, OH 44857 Full Service B&M $53,366
    Premier Bank 530 Broadway East Liverpool, OH 43920 Full Service B&M $42,938
    Premier Bank 539 South Meridian Road Hudson, MI 49247 Limited, Drive-thru $56,861
    Premier Bank 5520 Monroe Street Sylvania, OH 43560 Full Service B&M $27,015
    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 $120,203
    Premier Bank 6141 Whipple Avenue, N.W. North Canton, OH 44720 Full Service B&M $236,963
    Premier Bank 625 Scott St Napoleon, OH 43545 Full Service B&M $109,855
    Premier Bank 650 E State St Salem, OH 44460 Full Service B&M $87,666
    Premier Bank 6599 Longshore Street, Building B Dublin, OH 43017 Full Service B&M $0
    Premier Bank 7075 N Aurora Road Aurora, OH 44202 Full Service B&M $46,560
    Premier Bank 7437 Coldwater Road Fort Wayne, IN 46825 Full Service B&M $56,144
    Premier Bank 7525 Market Street Youngstown, OH 44512 Full Service B&M $175,755
    Premier Bank 7591 Patriot Drive Findlay, OH 45840 Full Service B&M $73,175
    Premier Bank 7707 Mentor Avenue Mentor, OH 44060 Full Service B&M $118,566
    Premier Bank 905 North Williams Street Paulding, OH 45879 Full Service B&M $108,863
    Premier Bank 980 Great East Plaza Niles, OH 44446 Full Service B&M $41,805
    Premier Bank 9909 Illinois Rd Fort Wayne, IN 46804 Full Service B&M $114,123
    Premier Bank 998 Third Street Beaver, PA 15009 Full Service B&M $23,755
    Premier Bank Wyandot And Cherokee Streets Harpster, OH 43323 Full Service B&M $13,725

    For 2020, First Federal Bank Of The Midwest had 80 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $237,840
    Net interest income $209,206
    Total noninterest income $62,158
    Gross Fiduciary activities income $3,918
    Service charges on deposit accounts $15,325
    Trading account gains and fees $0
    Additional Noninterest Income $42,915
    Pre-tax net operating income $73,946
    Securities gains (or losses, -) $1,405
    Income before extraordinary items $58,774
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $58,774
    Minority interest net income $0
    Net income $58,774
    Sale, conversion, retirement of capital stock, net $1,833
    Net operating income $57,664

    First Federal Bank Of The Midwest's gross interest income from loans was $237,840,000.
    First Federal Bank Of The Midwest's net interest income from loans was $209,206,000.
    First Federal Bank Of The Midwest's fee based income from loans was $15,325,000.
    First Federal Bank Of The Midwest's net income from loans was $58,774,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $28,634
    Provision for credit losses $43,154
    Total noninterest expense $154,264
    Salaries and employee benefits $66,877
    Premises and equipment expense $18,617
    Additional noninterest expense $68,770
    Applicable income taxes $16,577
    Net charge-offs $2,370
    Cash dividends $24,000

    First Federal Bank Of The Midwest's interest expense for loans was $28,634,000.
    First Federal Bank Of The Midwest's payroll and benefits expense were $66,877,000.
    First Federal Bank Of The Midwest's property, plant and equipment expenses $18,617,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $6,139,003
    Deposits held in domestic offices $6,139,003
    Deposits by Individuals, partnerships, and corporations $5,531,480
    Deposits by U.S. Government $61
    Deposits by States and political subdivisions in the U.S. $595,971
    Deposits by Commercial banks and other depository institutions in U.S. $11,491
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $846,694
    Demand deposits $802,489
    Nontransaction accounts $5,292,309
    Money market deposit accounts (MMDAs) $1,590,053
    Other savings deposits (excluding MMDAs) $2,579,825
    Total time deposits $1,122,429
    Total time and savings deposits $5,336,514
    Noninterest-bearing deposits $1,688,424
    Interest-bearing deposits $4,450,579
    Retail deposits $5,924,271
    IRAs and Keogh plan accounts $166,342
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,172,306
    Cash & Balances due from depository institutions $153,570
    Interest-bearing balances $64,250
    Total securities $736,405
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,627,347
    Loan and leases loss allowance $82,079
    Trading account assets $0
    Bank premises and fixed assets $70,750
    Other real estate owned $312
    Goodwill and other intangibles $336,253
    All other assets $247,669

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,172,306
    Total Liabilities $6,209,630
    Total deposits $6,139,003
    Interest-bearing deposits $4,450,579
    Deposits held in domestic offices $6,139,003
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $70,627

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,627,347
    Loan and leases loss allowance $82,079
    Total loans and leases (domestic) $5,709,426
    All real estate loans $4,393,486
    Real estate loans in domestic offices $4,393,486
    Construction and development loans $538,593
    Residential 1-4 family construction $178,353
    Other construction, all land development and other land $360,240
    Loans secured by nonfarm nonresidential properties $1,634,849
    Nonfarm nonresidential secured by owner-occupied properties $605,918
    Commercial real estate & other non-farm, non-residential $1,028,931
    Multifamily residential real estate $505,626
    1-4 family residential loans $1,592,588
    Farmland loans $121,830
    Loans held in foreign offices $0
    Farm loans $44,247
    Commercial and industrial loans $1,145,260
    To non-U.S. addressees $0
    Loans to individuals $121,348
    Credit card loans $0
    Related Plans $7,145
    Consumer Auto Loans $81,373
    Other loans to individuals $32,830
    All other loans & leases $5,085
    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 $6,604
    Non 1-4 family restructured loans & leases $2,336
    Total loans and leases (foreign) $0

    First Federal Bank of the Midwest had $5,627,347,000 of loans outstanding in 2020. $4,393,486,000 of loans were in real estate loans. $538,593,000 of loans were in development loans. $505,626,000 of loans were in multifamily mortgage loans. $1,592,588,000 of loans were in 1-4 family mortgage loans. $44,247,000 of loans were in farm loans. $0 of loans were in credit card loans. $81,373,000 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 1,597 $368,576 $230,793
    Nonfarm, nonresidential loans - <$100k 314 $10,343 $32,939
    Nonfarm, nonresidential loans - $100-250k 535 $53,667 $100,312
    Nonfarm, nonresidential loans - $250k-1MM 748 $304,566 $407,174
    Commercial & Industrial, US addressed loans - <$1MM 5,067 $476,366 $94,013
    Commercial & Industrial, US addressed loans - <$100k 3,201 $91,535 $28,596
    Commercial & Industrial, US addressed loans - $100-250k 949 $109,200 $115,068
    Commercial & Industrial, US addressed loans - $250k-1MM 917 $275,631 $300,579
    Farmland loans - <$1MM 430 $52,462 $122,005
    Farmland loans - <$100k 111 $3,659 $32,964
    Farmland loans - $100-250k 185 $19,037 $102,903
    Farmland loans - $250k-1MM 134 $29,766 $222,134
    Agriculture operations loans - <$1MM 335 $21,370 $63,791
    Agriculture operations loans - <$100k 211 $6,372 $30,199
    Agriculture operations loans - $100-250k 82 $7,390 $90,122
    Agriculture operations loans - $250k-1MM 42 $7,608 $181,143