First Federal Bank of Ohio
Also written as FFB of Ohio
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Data as of · sourced from FFIEC call reports. How we update
First Federal Bank of Ohio is an FDIC-insured savings institution headquartered in Galion, OH, established in 1891 (FDIC certificate 27643), and it is supervised by the OCC. At Q2 2026 it reported total assets of $282.9M, up 0.1% from Q2 2025, the 80th largest of 154 banks headquartered in Ohio. Its CET1 capital ratio was 32.76% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 27643
- Headquarters
- Galion, OH
- Established
- 1891
- Total assets, Q2 2026
- $282.9M
- Assets vs Q2 2025
- +0.1%
- CET1 ratio, Q2 2026
- 32.76%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 241271041
- Latest call report
- Q2 2026, FFIEC 051 · First Federal Bank of Ohio Q3 2026 call report, filed October 19, 2026 (preliminary)
- Asset rank in state
- 80th of 154 in Ohio
First Federal Bank of Ohio spends more to run itself than most banks of its size. It reported $283 million in assets at June 30, 2026. It earns about $0.39 a year on every $100 of assets, about a third the median of $1.28 for the 2,627 banks with $100 million to $1 billion in assets. It also spends about 87 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Loans and deposits moved in opposite directions: over the year loans rose 1.7% and deposits fell 3.2%. Paper losses on its bond portfolio are shrinking: unrealized losses of $7.5 million equal 19% of Tier 1 capital, down from 24% a year earlier. Its margin is thin by comparison: it keeps 3.19 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.96 cents).
As of June 30, 2026, First Federal Bank of Ohio reported a CET1 capital ratio of 32.76%, a return on assets of 0.39%, a nonperforming-loan ratio of 0.93% and a Texas ratio of 2.72%. The figures come from its call report filed with the FFIEC.
Of the 154 banks headquartered in Ohio, First Federal Bank of Ohio is the 80th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets were flat, loans were flat and deposits fell 1.5%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 77.4% of total loans, followed by non-owner-occupied commercial real estate loans at 7.9%. Its 8 offices in the FDIC Summary of Deposits are in 6 cities in OH; its Galion 2 offices book 42% of its branch deposits. Judged on its Q2 2026 call report, First Federal Bank of Ohio meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 140 N Columbus St, Galion, OH 44833
- County
- Crawford
- Metro Area
- Bucyrus, OH
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1891
- Former names
- First Federal Savings and Loan Association of Galion (1891-2002)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 58
- Domestic deposits
- $231.2M
- Allowance for credit losses
- $580K
- Net charge-offs (YTD)
- $0
- Average total assets
- $293.3M
- Average total loans
- $122.3M
- Average interest-bearing deposits
- $220.0M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 27643
- Fed RSSD
- 207470
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First Federal Bank of Ohio's total assets ran between $271.5M (Q3 2024) and $286.6M (Q1 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$282.9M total assets against $282.6M; $242.1M total liabilities against $242.8M.
$120.3M net loans and leases against $118.2M; $231.2M total deposits against $238.8M.
$113.3M securities against $115.2M; $32.4M cash and balances due against $31.6M.
$2.8M total interest income against $2.7M; $679K total interest expense against $780K.
$2.1M net interest income against $1.9M.
$332K total noninterest income against $335K; $2.2M total noninterest expense against $1.8M.
$13K provision for credit losses against $867K.
$283K net income against -$382K.
0.39% return on assets against -0.52%; 3.19% net interest margin against 2.88%.
32.76% CET1 capital ratio against 31.99%; 13.68% tier 1 leverage ratio against 13.20%.
Inside the full First Federal Bank of Ohio terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
First Federal Bank of Ohio rankings
Its closest position to the top of a national ranking is 56 of 2,134, for CET1 ratio; its furthest is 3,416 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.52% (Q2 2025) to 0.42% (Q3 2025) and its net interest margin ran from 2.69% (Q4 2024) to 3.19% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 32.76% | 0.39% | 0.93% | 2.72% | 3.19% |
| Q1 2026 | 32.64% | 0.29% | 0.93% | 2.73% | 3.01% |
| Q4 2025 | 32.47% | 0.30% | 1.03% | 3.05% | 3.06% |
| Q3 2025 | 32.24% | 0.42% | 1.02% | 2.98% | 2.88% |
| Q2 2025 | 31.99% | -0.52% | 1.02% | 3.00% | 2.88% |
| Q1 2025 | 32.09% | 0.01% | 3.05% | 8.75% | 2.72% |
| Q4 2024 | 32.08% | 0.18% | 0.00% | 0.00% | 2.69% |
| Q3 2024 | 29.18% | 0.11% | 0.17% | 0.47% | 2.72% |
Swipe the table sideways to see every column.
Branch Network
View all 8 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Federal Bank of Ohio (main office) | Galion , OH | 44833 | $75.9M |
| 70 N Main St Branch | Mount Gilead , OH | 43338 | $45.0M |
| Shelby Branch | Shelby , OH | 44875 | $27.8M |
| 1748 W Fourth St Branch | Mansfield , OH | 44906 | $25.0M |
| 1495 Lexington Ave Branch | Mansfield , OH | 44907 | $24.6M |
| Bucyrus Road Branch | Galion , OH | 44833 | $22.0M |
| Cardington Branch | Cardington , OH | 43315 | $6.1M |
| 5502 Milan Road Branch | Sandusky , OH | 44870 | $4.8M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 2 against individuals associated with it
- Period: Most recent action October 31, 2006. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in OH, rank 99 of 184 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $1.6M approved, $1.6M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2009 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Federal Bank of Ohio
What are First Federal Bank of Ohio's total assets?
As of the Q2 2026 filing, First Federal Bank of Ohio reported total assets of $282.9 million in its FFIEC call report.
Where is First Federal Bank of Ohio headquartered?
It is headquartered in Galion, OH, United States.
When was First Federal Bank of Ohio founded?
It was established in 1891, per the FDIC institution directory.
Is First Federal Bank of Ohio FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #27643). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Federal Bank of Ohio?
First Federal Bank of Ohio's primary federal regulator is the OCC.
What is First Federal Bank of Ohio's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 32.76% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Federal Bank of Ohio operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Federal Bank of Ohio's Texas Ratio?
Its Texas Ratio is 2.72% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was First Federal Bank of Ohio previously called?
The charter now named First Federal Bank of Ohio has also operated as First Federal Savings and Loan Association of Galion (1891-2002), per FDIC structure-change records.
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