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 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: Columbus, Cleveland, Toledo, Pittsburgh, and Morgantown 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 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% | 9/1/24 |
| 30 Year Conventional Purchase | 6.09% | 9/1/24 |
| 30 Year Conventional Refi | 6.07% | 9/1/24 |
| 30 Year Cash-out Refi | 6.49% | 9/1/24 |
| 30 Year FHA Purchase | 6.91% | 9/1/24 |
| 30 Year FHA Refi | 7.06% | 9/1/24 |
| 30 Year VA Purchase | 6.03% | 9/1/24 |
| 30 Year VA Refi | 6.27% | 9/1/24 |
| 30 Year USDA Purchase | 6.55% | 9/1/24 |
| 15 Year Conventional Purchase | 5.64% | 9/1/24 |
| 15 Year Conventional Refi | 6.22% | 9/1/24 |
| 15 Year Cash-out Refi | 6.22% | 9/1/24 |
| 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
7,679Origination Dollar Volume (All Markets)
$1,839,655,000Employee count
1,024Awards
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First Federal Bank of the Midwest - 2021
First Federal Bank of the Midwest is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| 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, KY (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% |
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Product Mix
For 2021, First Federal Bank Of The Midwest's most frequently originated type of loan was Conventional, with 6,068 originations. Their 2nd most popular type was HELOC, with 1,448 originations.
Loan Reason
For 2021, First Federal Bank Of The Midwest's most frequently cited loan purpose was Home Purchase, with 3,505 originations. The 2nd most popular reason was Refi, with 2,285 originations.
Loan Duration/Length
For 2021, First Federal Bank Of The Midwest's most frequently cited loan duration was 30 Year, with 3,028 originations. The 2nd most popular length was 20 Year, with 1,796 originations.
Origination Fees/Closing Costs
First Federal Bank Of The Midwest's average total fees were $3,442, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,491 originations.
Interest Rates
During 2021, First Federal Bank Of The Midwest's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 3-4%, with 4,176 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications88.95%
First Federal Bank Of The Midwest has an average approval rate.
Pick Rate
Approvals leading to origination87.28%
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
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 | 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 | 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 | 182 Tallmadge Rd Kent, OH 44240 | Full Service B&M | $54,704 |
| 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 |
| 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 | 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 | 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 | 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 |
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 |