# FIRST FEDERAL SAVINGS BANK
OTTAWA, IL · FDIC certificate 28924 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (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 | $421.9M | |
| Deposits | $325.2M | |
| Loans and leases | $301.8M | |
| Total equity | $45.4M | |
| Loans / deposits | 91.60% (p74 of band) | 82.04% |
| Liquid assets / assets | 23.49% (p45 of band) | |
| Uninsured deposits / deposits | 11.63% (p6 of band) | 25.97% |
| Brokered deposits | 0.24% | |
| Wholesale funding | 11.42% (p81 of band) | |
| FHLB advances / assets | 11.18% | |
| Tier 1 leverage | 10.69% (p49 of band) | 10.81% |
| Unrealized securities loss / equity | -4.78% (p64 of band) | -8.10% |
| AOCI / equity | 0.04% (p83 of band) | |
| ROA (annualized) | 0.40% (p9 of band) | 1.28% |
| Net interest margin | 3.11% (p13 of band) | 3.91% |
| Efficiency ratio | 78.00% (p86 of band) | |
| Noncurrent loans | 1.32% (p80 of band) | 0.43% |
| Net charge-offs (annualized) | -0.04% (p3 of band) | |
| Reserve coverage of noncurrent | 97.80% | |
| Real estate % of loans | 98% | |
| Construction % of loans | 7.20% (p11 of band) | |
| Auto loans | $2.9M (0.96% of loans; DQ 0.03%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -2.0% | |
| Employees | 95 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

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

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

- 2025-01-07 [Q&A with Courtney Schmitt on First Federal Savings Bank’s 120th anniversary - Inside INdiana Business](https://news.google.com/rss/articles/CBMivAFBVV95cUxPYUx2amdGa3c5SkpYbUh2OVdpbDd5ekNXN3hGTnUzUWpuZkYwYUZTdFNEY0J1NGJGWjY3azZvWmEwdWl1YUJaMFl2UXNWaUhvMHlmMGFOTXdpdnhBc2p6cU9LTFBTREl0aGlJOVhpY3MtRkd5Y01MUTVxVDVfeGFmZTZOMlJhNEZyQ3RYekowYUdhektDa0JUMFBzbTgtNmdLQlRfckdWcmN5c2IyM1ZFSVpDWEo3cElFa3BSZQ?oc=5) · Inside INdiana Business
- 2021-10-04 [First Federal Savings Bank offering free tomato giveaway - - Smile Politely](https://news.google.com/rss/articles/CBMijwFBVV95cUxOb0tuZ3I3UGZBSlAxM2pvS3ZWZ3RUNjZudndBc3o5Mi1IV19SeUF5T3VEUENhT2dhWVVOdDc2d19saG1XVms1RFRJSW01elFENU9Ld2xkb3l3MHlWYmZYOWxsSTRDSGFWSnBHR2N3bk5YY055dTJyYzBxLURESERna0JlREl5Vkdmd3lyX1Uxbw?oc=5) · Smile Politely
- 2024-10-09 [First Federal Savings Bank Partners with Gibco Motor Express, LLC to Help Those Affected by Recent Hurricanes - GlobeNewswire](https://news.google.com/rss/articles/CBMijAJBVV95cUxPY004eW5kd0R4Q1VxaUtFX0xvZ284VFk0QzVHa3l0SC0tLTlRbDVWbTYzQUdtZFpMTTluNjVEeDdIZGctazU1WTh5YWNCQm9ETUVtbmRWbDY1WGxtMjdDMU80dm9KYmlnSDZ2ZXd4LWctSVNMZFZsR01hai1LNFdjUEFYSWttdW5hWngzci1YWlRUVnhldjlmMmlFZ1RyTEVVQm9YUjNhQks0alhHSDFSZVlhOW56ZTlydGQ5SmNoLUZtWmxkMnF1Y09UV0FGeVRYWEJXNFJoWVdleUZvUmcxb1NZR1RCVTBWTEpGa0hIV0c2QUwwckRnc1FGN2N5MVNXdng0eXdkWlJIaC1F?oc=5) · GlobeNewswire
- 2022-02-28 [Ralph Walter retires from First Federal Savings Bank board - Shaw Local](https://news.google.com/rss/articles/CBMivgFBVV95cUxNcWRQb2xCM2lsNDJCZDVoR0NHS3NEZEpvOUUwdFppSVJkTTZUczNabVRycEVHNll6U0hfaVNxaklWX2FPMWhJX0NuWkRKTHhFMHJBUXZ2RzhkYkpPZ1R4QjJSNXhiWGpLclk3aGY4bFFQa3dLMmFoaGdWMjA2YjE2a1JURndXdmNPMFZkblozMzJlckVHVXpsUkt0WllfUmxRZXRqV3liWWJvZWU0ZUlRUXd2bXhzeVdNa0JWVjR3?oc=5) · Shaw Local
- 2020-02-17 [Rock Falls bank robbery suspect faces up to 20 years in prison - WQAD](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPSzh0bmw1TWlWRG9zWGVZSmlGcjMwM09WbXpwWnotZmpTRlVybEl2SWVKRUxYUG5WVnVUU2V1WHoyX1FGX1pVMWg4NlBTWHZKYXd3UWNiY25QVFVkWXNSb1BnTGpKRWxpbFpLQUQwY3hHYWVveXNyTmJnWXlVZC1FUVQwbVpPRkl3LWtiZkk2QXRDTHpOdjJhU01NMHJHWEY4WFVGZ1VuS01leW80VThxS2h4b2FDNlB4X1JEcXhYOTVnTFIxUktkREFnVlRTTzJvaXU5TXF3OTVkZkU?oc=5) · WQAD
- 2003-01-22 [First Federal announces name change - Post Bulletin](https://news.google.com/rss/articles/CBMieEFVX3lxTFBoX2lNVmZvcGVGcUpOdVJlZjlveWJkZzhoSUdlRU9BbUZWTUNZSEV4SlZQRWQwNXV6Um0wQW1nODl2a1d2aXNsUGtrNTZiVDE2YW43WThfSHQwalFtcTBld0NpeHlxbUpCVmFnNDdLUE9abkNNVGxMUA?oc=5) · Post Bulletin
- 2025-06-08 [Lawrence Connell Obituary (2025) - Boston, MA - The Washington Post - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPTnVrOWZSa1FJZmRLbUpILVZuWVFvVVhwRC1fNWNGckU1YmxFYTFfa1VvMUEwM3NrclpnWnZPTjhPOHkwSlpuMy12bXRyTEVHZUJpM1lzWC1QQmtRaGNDRkNhQWRYTVlJWkVLeERBc3ZDeEtZWlZMb1VqTWJEQlpnVU40MlNnWU4zUVB5SzlTdFEydFlObjN3ak53?oc=5) · legacy.com
- 2018-02-16 [Securities America loses $80M bank program to small broker-dealer - financial-planning.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxPZGFhYldTa0FrR2h5QkxtcERCMjFhNXhrWnp6dFBTUlE5X1ZnUEZ5c2I2Z0M2cnc5QXlPcFFCSFk0TGgtYlUzbEE3YndQUlJFLTdub3hEQ0IzY3EtU0lRLVUwR2pTeE1WOGE4Z1ZHdERsZm9Dc0NZTXFzV18wSlJPbzNncnJaRGJiOEdNUjlxMG1UVGh6VEN4b1JJZi13WVJmV0hfbnZJVQ?oc=5) · financial-planning.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28924 (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/60.json (key "28924", 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