First Federal Savings Bank of Angola
Also written as FFSB of Angola
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Data as of · sourced from FFIEC call reports. How we update
First Federal Savings Bank of Angola is an FDIC-insured savings institution headquartered in Angola, IN, established in 1933 (FDIC certificate 28769), and it is supervised by the OCC. At Q2 2026 it reported total assets of $137.3M, down 0.5% from Q2 2025, the 77th largest of 87 banks headquartered in Indiana. It reports no CET1 ratio; its Tier 1 leverage ratio was 23.28% 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
- 28769
- Headquarters
- Angola, IN
- Established
- 1933
- Total assets, Q2 2026
- $137.3M
- Assets vs Q2 2025
- -0.5%
- Tier 1 leverage ratio, Q2 2026
- 23.28%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 274970021
- Latest call report
- Q2 2026, FFIEC 051 · First Federal Savings Bank of Angola Q3 2026 call report, filed October 22, 2026 (preliminary)
- Asset rank in state
- 77th of 87 in Indiana
First Federal Savings Bank of Angola, based in Angola, Indiana, reported $137 million in assets at June 30, 2026. It pays an average of 0.75% on its deposits and borrowings, about a third the median of 1.80% for the 2,627 banks with $100 million to $1 billion in assets. It also funds 23.28% of its assets with Tier 1 capital, about double the median of 10.99% for banks its size.
Net income for the quarter rose 16% from a year earlier, to $398,000. Profitability lags: it returns 4.8% a year on shareholders' equity, about a third the median of 12.6% for banks its size.
As of June 30, 2026, First Federal Savings Bank of Angola reported a return on assets of 1.11%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Federal Savings Bank of Angola is the 77th largest of the 87 banks headquartered in Indiana. From Q1 2026 to Q2 2026, its total assets fell 1.8% to $137.3M, loans rose 1.1% and deposits fell 2.7%. 1-4 family residential loans made up 92.6% of its total loans on June 30, 2026, its largest category; next came construction and land development loans at 4.2%. Its one office in the FDIC Summary of Deposits is in Angola, IN. Judged on its Q2 2026 call report, First Federal Savings Bank of Angola meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 212 E Maumee St, Angola, IN 46703
- County
- Steuben
- Metro Area
- Angola, IN
- 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, 1933
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 23
- Domestic deposits
- $103.5M
- Allowance for credit losses
- $1.0M
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $143.4M
- Average total loans
- $107.7M
- Average interest-bearing deposits
- $80.4M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28769
- Fed RSSD
- 158376
- Website
- www.ffsbangola.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 of Angola reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First Federal Savings Bank of Angola's total assets ran between $136.0M (Q3 2024) and $140.9M (Q3 2023), 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
$137.3M total assets against $138.0M; $103.9M total liabilities against $106.0M.
$107.2M net loans and leases against $102.5M; $103.5M total deposits against $100.9M.
$11.0M securities against $22.8M; $15.6M cash and balances due against $9.0M.
$1.5M total interest income against $1.4M; $198K total interest expense against $181K.
$1.3M net interest income against $1.2M.
$99K total noninterest income against $96K; $886K total noninterest expense against $809K.
$1K provision for credit losses against $1K.
$398K net income against $344K.
1.11% return on assets against 0.98%; 3.93% net interest margin against 3.59%.
23.28% tier 1 leverage ratio against 22.69%.
Inside the full First Federal Savings Bank of Angola 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
First Federal Savings Bank of Angola rankings
Its closest position to the top of a national ranking is 2,123 of 3,606, for efficiency ratio; its furthest is 3,593 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.63% (Q3 2024) to 1.11% (Q2 2026) and its net interest margin ran from 3.14% (Q3 2024) to 3.93% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 23.28% | 1.11% | 0.00% | 0.00% | 3.93% |
| Q1 2026 | 23.06% | 0.88% | 0.00% | 0.00% | 3.76% |
| Q4 2025 | 23.09% | 1.08% | 0.00% | 0.08% | 3.81% |
| Q3 2025 | 22.95% | 0.92% | 0.00% | 0.00% | 3.72% |
| Q2 2025 | 22.69% | 0.98% | 0.00% | 0.08% | 3.59% |
| Q1 2025 | 22.27% | 0.81% | 0.10% | 0.30% | 3.44% |
| Q4 2024 | 22.39% | 0.95% | 0.07% | 0.21% | 3.35% |
| Q3 2024 | 22.34% | 0.63% | 0.07% | 0.22% | 3.14% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 Savings Bank of Angola (main office) | Angola , IN | 46703 | $103.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IN, rank 108 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 of Angola
What are First Federal Savings Bank of Angola's total assets?
As of the Q2 2026 filing, First Federal Savings Bank of Angola reported total assets of $137.3 million in its FFIEC call report.
Where is First Federal Savings Bank of Angola headquartered?
It is headquartered in Angola, IN, United States.
When was First Federal Savings Bank of Angola founded?
It was established in 1933, per the FDIC institution directory.
Is First Federal Savings Bank of Angola FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #28769). 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 of Angola?
First Federal Savings Bank of Angola's primary federal regulator is the OCC.
How many branches does First Federal Savings Bank of Angola operate?
It operates 1 domestic office, 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 of Angola's Texas Ratio?
Its Texas Ratio is 0.00% 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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