First Federal Bank & Trust
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Data as of · sourced from FFIEC call reports. How we update
First Federal Bank & Trust is an FDIC-insured savings institution headquartered in Sheridan, WY, established in 1935 (FDIC certificate 29537), and it is supervised by the OCC. At Q2 2026 it reported total assets of $621.1M, up 0.8% from Q2 2025, the 7th largest of 24 banks headquartered in Wyoming. Its CET1 capital ratio was 13.76% 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
- 29537
- Headquarters
- Sheridan, WY
- Established
- 1935
- Total assets, Q2 2026
- $621.1M
- Assets vs Q2 2025
- +0.8%
- CET1 ratio, Q2 2026
- 13.76%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 302373118
- Latest call report
- Q2 2026, FFIEC 051 · First Federal Bank & Trust call report
- Asset rank in state
- 7th of 24 in Wyoming
First Federal Bank & Trust, based in Sheridan, Wyoming, reported $621 million in assets at June 30, 2026. It carries problem assets equal to 21.9% of the capital and reserves that would absorb them, 8.3 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also holds commercial real estate loans worth 2.6 times its capital, about double the median of 1.2 times for banks its size.
Earnings jumped: net income for the quarter was $1.2 million, 75% above the same quarter a year earlier. Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.29% of loans from 3.13% a year earlier. Profitability lags: it earns about $0.76 a year on every $100 of assets, lower than about three-quarters of banks its size (median $1.28).
As of June 30, 2026, First Federal Bank & Trust reported a CET1 capital ratio of 13.76%, a return on assets of 0.76%, a nonperforming-loan ratio of 3.29% and a Texas ratio of 21.93%. The figures come from its call report filed with the FFIEC.
First Federal Bank & Trust ranks as the 7th largest of the 24 banks based in Wyoming, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.8% to $621.1M, loans fell 0.1% and deposits fell 2.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 37.5% of total loans, ahead of non-owner-occupied commercial real estate loans at 30.2%. Its 3 offices in the FDIC Summary of Deposits are in Sheridan, WY and Billings, MT; its Sheridan 2 offices book 93% of its branch deposits. Judged on its Q2 2026 call report, First Federal Bank & Trust meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 671 Illinois St, Sheridan, WY 82801
- County
- Sheridan
- Metro Area
- Sheridan, WY
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- —
- Federal Reserve district
- District 10, Kansas City
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- October 16, 1935
- Former names
- First Federal Savings Bank (1991-2016)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 87
- Domestic deposits
- $551.9M
- Allowance for credit losses
- $6.7M
- Net charge-offs (YTD)
- $949K
- Average total assets
- $640.8M
- Average total loans
- $486.9M
- Average interest-bearing deposits
- $494.4M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29537
- Fed RSSD
- 387671
- Website
- www.efirstfederal.bank →
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
From Q3 2023 to Q2 2026, First Federal Bank & Trust's total assets ranged from $592.3M (Q3 2023) to $635.6M (Q1 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$621.1M total assets against $616.4M; $554.7M total liabilities against $554.7M.
$479.1M net loans and leases against $484.1M; $551.9M total deposits against $541.8M.
$60.2M securities against $62.9M; $33.8M cash and balances due against $22.8M.
$8.4M total interest income against $8.2M; $3.0M total interest expense against $3.6M.
$5.4M net interest income against $4.7M.
$708K total noninterest income against $467K; $4.4M total noninterest expense against $4.0M.
$350K provision for credit losses against $170K.
$1.2M net income against $694K.
0.76% return on assets against 0.45%; 3.54% net interest margin against 3.13%.
13.76% CET1 capital ratio against 13.30%; 11.05% tier 1 leverage ratio against 10.91%.
Inside the full First Federal Bank & Trust 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
First Federal Bank & Trust rankings
Its closest position to the top of a national ranking is 135 of 3,640, for Texas Ratio; its furthest is 2,959 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.05% (Q3 2024) to 0.76% (Q2 2026) and its net interest margin ran from 2.16% (Q4 2024) to 3.54% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.76% | 0.76% | 3.29% | 21.93% | 3.54% |
| Q1 2026 | 13.68% | 0.57% | 3.10% | 20.98% | 3.38% |
| Q4 2025 | 13.37% | 0.34% | 3.07% | 21.35% | 3.28% |
| Q3 2025 | 13.44% | 0.52% | 3.19% | 22.07% | 3.37% |
| Q2 2025 | 13.30% | 0.45% | 3.13% | 22.42% | 3.13% |
| Q1 2025 | 13.18% | 0.41% | 2.93% | 21.04% | 2.88% |
| Q4 2024 | 13.29% | 0.19% | 2.84% | 20.65% | 2.16% |
| Q3 2024 | 13.10% | 0.05% | 2.83% | 20.41% | 2.41% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| Brundage Street Branch | Sheridan , WY | 82801 | $276.7M |
| First Federal Bank & Trust (main office) | Sheridan , WY | 82801 | $235.8M |
| Billings Branch | Billings , MT | 59106 | $39.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 2.3% of deposits in WY, rank 13 of 44 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 & Trust
What are First Federal Bank & Trust's total assets?
As of the Q2 2026 filing, First Federal Bank & Trust reported total assets of $621.1 million in its FFIEC call report.
Where is First Federal Bank & Trust headquartered?
It is headquartered in Sheridan, WY, United States.
When was First Federal Bank & Trust founded?
It was established in 1935, per the FDIC institution directory.
Is First Federal Bank & Trust FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #29537). 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 & Trust?
First Federal Bank & Trust's primary federal regulator is the OCC.
What is First Federal Bank & Trust's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.76% 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 & Trust operate?
It operates 3 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 & Trust's Texas Ratio?
Its Texas Ratio is 21.93% 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 & Trust previously called?
The charter now named First Federal Bank & Trust has also operated as First Federal Savings Bank (1991-2016), per FDIC structure-change records.
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