# FIRST FEDERAL BANK OF OHIO
GALION, OH · FDIC certificate 27643 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $282.9M | |
| Deposits | $231.2M | |
| Loans and leases | $120.9M | |
| Total equity | $40.8M | |
| Loans / deposits | 52.04% (p21 of band) | 73.59% |
| Liquid assets / assets | 51.51% (p80 of band) | |
| Uninsured deposits / deposits | 7.13% (p6 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.12% (p60 of band) | |
| FHLB advances / assets | 2.12% | |
| Tier 1 leverage | 13.68% (p69 of band) | 11.76% |
| Unrealized securities loss / equity | -18.27% (p25 of band) | -6.57% |
| AOCI / equity | 0.00% (p78 of band) | |
| ROA (annualized) | 0.35% (p14 of band) | 1.17% |
| Net interest margin | 3.15% (p17 of band) | 3.93% |
| Efficiency ratio | 89.15% (p89 of band) | |
| Noncurrent loans | 0.93% (p69 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 51.46% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 12.48% (p43 of band) | |
| Auto loans | $3.0M (2.46% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -3.2% | |
| Employees | 58 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 2 |  | expense ratio p90 |
| 2011-12 | 3 | capital falling |  |
| 2012-03 | 3 | uninsured deposits leaving | losing money |
| 2012-06 | 3 | losing money | capital falling |
| 2012-09 | 3 |  |  |
| 2012-12 | 4 | capital falling |  |
| 2013-03 | 3 |  | uninsured deposits leaving |
| 2013-06 | 5 | NIM <2.5%, noncurrent p90 |  |
| 2013-09 | 5 | expense ratio p90 | capital falling |
| 2013-12 | 5 |  |  |
| 2014-03 | 5 |  |  |
| 2014-06 | 4 |  | NIM <2.5% |
| 2014-09 | 4 |  |  |
| 2014-12 | 4 |  |  |
| 2015-03 | 4 | NIM <2.5% | losing money |
| 2015-06 | 2 |  | expense ratio p90, NIM <2.5% |
| 2015-09 | 3 | uninsured deposits leaving |  |
| 2015-12 | 1 |  | noncurrent p90, uninsured deposits leaving |
| 2016-03 | 2 | expense ratio p90 |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 1 |  | reserve under noncurrent |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | reserve under noncurrent |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 1 |  | expense ratio p90 |
| 2018-09 | 0 |  | reserve under noncurrent |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 4 | securities losses >30% of equity, expense ratio p90, charge-offs p90, uninsured deposits leaving |  |
| 2020-06 | 5 | noncurrent p90, reserve under noncurrent | securities losses >30% of equity |
| 2020-09 | 1 |  | charge-offs p90, uninsured deposits leaving, noncurrent p90, reserve under noncurrent |
| 2020-12 | 0 |  | expense ratio p90 |
| 2021-03 | 3 | capital falling, expense ratio p90, NIM <2.5% |  |
| 2021-06 | 4 | losing money |  |
| 2021-09 | 3 |  | capital falling |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | capital falling |  |
| 2022-06 | 4 |  |  |
| 2022-09 | 3 | securities losses >30% of equity | NIM <2.5%, losing money |
| 2022-12 | 2 |  | capital falling |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 |  | expense ratio p90 |
| 2023-12 | 0 |  | securities losses >30% of equity |
| 2024-03 | 1 | securities losses >30% of equity |  |
| 2024-06 | 0 |  | securities losses >30% of equity |
| 2024-09 | 1 | uninsured deposits leaving |  |
| 2024-12 | 0 |  | uninsured deposits leaving |
| 2025-03 | 4 | capital falling, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2025-06 | 4 | losing money | noncurrent p90 |
| 2025-09 | 3 |  | capital falling |
| 2025-12 | 2 |  | losing money |
| 2026-03 | 1 |  | charge-offs p90 |
| 2026-06 | 2 | uninsured deposits leaving |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2019-12-21 [First Federal Bank of Ohio appoints new Shelby branch manager - Richland Source](https://news.google.com/rss/articles/CBMipwFBVV95cUxQMFdMNGhULVlacGZHdTRWTlRuRm9VSUcyUDZINUczWEh0NElDbWtJaXY0YVBnNmtrd1dtTFZtbVhQcm04YXVlUUpqWWFySUxJRS00Q2c4enN1di1DaV8xd1RUR3V5Z0pIZDFTS3ctRHVCZWhzMjJPWHBlR014STFvY2pfZV9pUUtMWDlHMlJLcV9KZjNMaGIxUnBoZkhTTXQtX1RIMnEyYw?oc=5) · Richland Source
- 2017-05-15 [Mount Gilead First Federal Bank greets new manager - Morrow County Sentinel](https://news.google.com/rss/articles/CBMioAFBVV95cUxPOE1wWkdZSFJOUHNjVktvbC15Ukh2WGhKRVFYcklfQnV6c1I1T0ltTEhjaExfVU5WMUZtOS0wSXFzYjJ5cG0wbjlMdlVXcUo4aG1UNEl0bWx3UFBSQTU2WWkxVHVzdTJIUEVUN1Ywai1vcjV2c2lNc1BabF92UFVpeGpTRFZzNmlrN0Mzdm9FR2M3OXVFWC01RXFPSm5ZbnN0?oc=5) · Morrow County Sentinel
- 2025-11-17 [Dr. Merrill Boyd Epperson Obituary - Mansfield News Journal](https://news.google.com/rss/articles/CBMia0FVX3lxTE1rUFJQbllrU0RrRGFQVHBpeXdKNTFQUjBhNE1qVUtqRk1BWHdady02bUhNejZ2SHFMaFUyVHdQQ0YwekFaUDloOWM3MUpFSjNTUUFEZFVFQ3ZkS0MwMHB3OTJaOXphbDFLNmtV?oc=5) · Mansfield News Journal
- 2020-01-03 [Clime succeeds Beach as President/CEO of First Federal Bank of Ohio - Richland Source](https://news.google.com/rss/articles/CBMirwFBVV95cUxOWjFpbndvMndzTzRiYkVWYTJEdGRDdVRpUjBDYUpIMmlmU0Q2MnZKYURjeGxwUHBWNjg4S1R4UEEzNGNzRXpUV3BnMlh1TS1sa1RZSHJYZXZaWXk0dVp4XzNHOTM3QmhtZC10bUlPRXdRQVJSZVRuWWhWa2xNRU1EdGpQWVRWaUctUENueEkzSzVHcS1VWGhTOVlkZUZuOHA3R0dteVBlS183bGRRUW9v?oc=5) · Richland Source
- 2025-11-04 [Galion Kiwanis launches city-wide food drive to stock local pantry - Crawford County Now](https://news.google.com/rss/articles/CBMipgFBVV95cUxOdFVlMElTOUdjR3Y1bVVIajdtWWd0Ni1keWJsWlRtSUVjSzkwRUlXU0U3SWgtaVNUUXg1dUdwQkpDVDJidUpFWWRlZkFBZk1WTU8tVTVydlBqSXd6aXlhRlpwR0NBNzIwQU9QWF9hZFdsclFMVnRBNlJXWW5IWlRrMmh5RjRJRU81WHZSMkx0OU1zVHNjMHluYUMzWUdQMlh5SVJSbDJB?oc=5) · Crawford County Now
- 2019-04-19 [Business After Hours - Morrow County Sentinel](https://news.google.com/rss/articles/CBMieEFVX3lxTE1DMXA2LXU5bFlQckNPXzZETmd5emxSSTR4ZHcwNTl0aXl0alVtWnVSVVEzclN5LTNXckFIZXo0ZUg2NnQ2c0VSNEJmZkJOZjBsdnZJTmRrcm9za050Q1BlaEgwOE9yZFNCbU9TaC1zVVVLNFR6TTBaYw?oc=5) · Morrow County Sentinel
- 2021-10-23 [Suspect in Shelby bank robbery remains at-large - Richland Source](https://news.google.com/rss/articles/CBMilAFBVV95cUxNUGtOZjdyaGFpNHVBVUFXRy1ZYVpOX2hTcjh6alZQN3QzS3NDeU1fN2wzNlpIMko2eHlkTWhyRjZkR3p2dlpFZjR3VVQ5Tm80ZGUzbjJLX1gtaWx2MlhMRVJXRmRnMkw2N1pVcWdudnN0X29tSlJhTkkyQ1JlRHRsWEhhQnRlMm12TW0ycXNCX2NfdGJv?oc=5) · Richland Source
- 2021-09-23 [Donald Covert Obituary (1937 - 2021) - Galion, OH - Galion Inquirer - Legacy obituary](https://news.google.com/rss/articles/CBMilgFBVV95cUxNYThGMms0WGl5T0tRTXZMbEw0elNYY1JyNmpKUktwS3N3OUlZQm90ZzlkQnJxZzRTRHhrWWpIeFg5UWU3V0I3SS1OblEzUmtwUTkybjhBalhQMG93cTBrckxqcU16Vk5KanRjVUpZSHVySW56OXlFY2x6bjJ6U0hrWUowT01xYTBIZDdhaEVzWUVFSExtd2c?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=27643 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/59.json (key "27643", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide