First Federal Savings Bank (Ottawa, IL)
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Data as of · sourced from FFIEC call reports. How we update
First Federal Savings Bank is an FDIC-insured savings institution headquartered in Ottawa, IL, established in 1889 (FDIC certificate 28924), and it is supervised by the OCC. At Q2 2026 it reported total assets of $421.9M, down 1.1% from Q2 2025, the 114th largest of 319 banks headquartered in Illinois. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.69% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 28924
- Headquarters
- Ottawa, IL
- Established
- 1889
- Total assets, Q2 2026
- $421.9M
- Assets vs Q2 2025
- -1.1%
- Tier 1 leverage ratio, Q2 2026
- 10.69%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 271972912
- Latest call report
- Q2 2026, FFIEC 051 · First Federal Savings Bank call report
- Asset rank in state
- 114th of 319 in Illinois
First Federal Savings Bank spends more to run itself than most banks of its size. Its balance sheet stood at $422 million at June 30, 2026, down 1.1% from a year earlier; it is based in Ottawa, Illinois. It earns about $0.46 a year on every $100 of assets, about a third the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 3.14 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
Earnings jumped: net income for the quarter was $493,000, 79% above the same quarter a year earlier. Over the same year, loans grew 5.1% and deposits shrank 2.0%. Costs are the weak spot: it spends about 75 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, First Federal Savings Bank reported a return on assets of 0.46%, a nonperforming-loan ratio of 1.32% and a Texas ratio of 8.10%. The figures come from its call report filed with the FFIEC.
Of the 319 banks headquartered in Illinois, First Federal Savings Bank is the 114th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.9% to $421.9M, loans rose 2.3% and deposits fell 1.3%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 71.3% of total loans, ahead of non-owner-occupied commercial real estate loans at 9.4%. Its 11 offices in the FDIC Summary of Deposits are in 10 cities in IL; its Ottawa 2 offices book 27% of its branch deposits. On its Q2 2026 call report, First Federal Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 633 La Salle St, Ottawa, IL 61350
- County
- Lasalle
- Metro Area
- Ottawa, IL
- 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 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1889
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 95
- Domestic deposits
- $325.2M
- Allowance for credit losses
- $3.9M
- Net charge-offs (YTD)
- -$84K
- Average total assets
- $425.6M
- Average total loans
- $298.5M
- Average interest-bearing deposits
- $281.4M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28924
- Fed RSSD
- 771878
- Website
- ffsbweb.com →
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, First Federal Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First Federal Savings Bank's total assets moved between a low of $390.0M (Q3 2023) and a high of $439.5M (Q1 2025) from Q3 2023 to Q2 2026, 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
$421.9M total assets against $426.6M; $376.5M total liabilities against $383.3M.
$297.9M net loans and leases against $283.8M; $325.2M total deposits against $331.8M.
$76.0M securities against $77.6M; $23.1M cash and balances due against $40.2M.
$5.0M total interest income against $4.8M; $1.8M total interest expense against $2.0M.
$3.2M net interest income against $2.8M.
$548K total noninterest income against $373K; $2.8M total noninterest expense against $2.7M.
$180K provision for credit losses against $150K.
$493K net income against $275K.
0.46% return on assets against 0.26%; 3.14% net interest margin against 2.71%.
10.69% tier 1 leverage ratio against 10.22%.
Inside the full First Federal Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Federal Savings Bank rankings
Its closest position to the top of a national ranking is 820 of 3,640, for Texas Ratio; its furthest is 3,279 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.09% (Q4 2024) to 0.46% (Q2 2026) and its net interest margin ran from 2.35% (Q1 2025) to 3.14% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.69% | 0.46% | 1.32% | 8.10% | 3.14% |
| Q1 2026 | 10.49% | 0.33% | 1.35% | 8.21% | 2.91% |
| Q4 2025 | 10.60% | 0.27% | 1.58% | 9.45% | 2.82% |
| Q3 2025 | 10.54% | 0.25% | 1.01% | 6.07% | 2.79% |
| Q2 2025 | 10.22% | 0.26% | 1.54% | 9.51% | 2.71% |
| Q1 2025 | 10.04% | 0.06% | 1.96% | 12.17% | 2.35% |
| Q4 2024 | 10.60% | -0.09% | 1.09% | 7.06% | 2.45% |
| Q3 2024 | 10.93% | 0.06% | 1.11% | 7.23% | 2.50% |
Swipe the table sideways to see every column.
Branch Network
View all 11 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 |
|---|---|---|---|
| West Main Street Branch | Ottawa , IL | 61350 | $79.2M |
| 8 Dannys Drive Branch | Streator , IL | 61364 | $40.8M |
| Shorewood Branch | Shorewood , IL | 60404 | $37.5M |
| Peru Mall Branch | Peru , IL | 61354 | $36.1M |
| Elgin Branch | Elgin , IL | 60123 | $33.8M |
| 124 E Main St Branch | Morris , IL | 60450 | $33.2M |
| 475 Third St Branch | La Salle , IL | 61301 | $17.5M |
| Rock Falls Branch | Rock Falls , IL | 61071 | $12.6M |
| 137 S Main Branch | Walnut , IL | 61376 | $12.6M |
| 111 E Main Branch | Amboy , IL | 61310 | $12.4M |
| First Federal Savings Bank (main office) | Ottawa , IL | 61350 | $9.7M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- June 8, 2012, OCC: Formal Agreement: First Federal Savings Bank
- Period: Most recent institution action June 8, 2012. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IL, rank 148 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 320 applications, 254 loans originated, $64.9M originated, across 7 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- SBA 7(a) lending, 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 Savings Bank
What are First Federal Savings Bank's total assets?
As of the Q2 2026 filing, First Federal Savings Bank reported total assets of $421.9 million in its FFIEC call report.
Where is First Federal Savings Bank headquartered?
It is headquartered in Ottawa, IL, United States.
When was First Federal Savings Bank founded?
It was established in 1889, per the FDIC institution directory.
Is First Federal Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #28924). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Federal Savings Bank?
First Federal Savings Bank's primary federal regulator is the OCC.
How many branches does First Federal Savings Bank operate?
It operates 11 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 Savings Bank's Texas Ratio?
Its Texas Ratio is 8.10% 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.
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