First Federal Savings Bank of Washington
Also written as FFSB of Washington
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Data as of · sourced from FFIEC call reports. How we update
First Federal Savings Bank of Washington is an FDIC-insured savings bank headquartered in Washington, IN, supervised by the FDIC, with $94.4M in total assets at Q2 2026, up 2.3% from Q2 2025, the 81st largest of 87 banks headquartered in Indiana. It was established in 1895 and holds FDIC certificate 29710. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.98% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 29710
- Headquarters
- Washington, IN
- Established
- 1895
- Total assets, Q2 2026
- $94.4M
- Assets vs Q2 2025
- +2.3%
- Tier 1 leverage ratio, Q2 2026
- 10.98%
- Domestic offices
- 1 · First Federal Savings Bank of Washington branches FDIC institution directory, current count
- Routing number
- 281372007
- Safety and soundness
- Is First Federal Savings Bank of Washington safe?
- Latest call report
- Q2 2026, FFIEC 051 · First Federal Savings Bank of Washington call report
- Asset rank in state
- 81st of 87 in Indiana
First Federal Savings Bank of Washington, based in Washington, Indiana, reported $94 million in assets at June 30, 2026, up 2.3% from a year earlier. It carries problem assets equal to 14.4% of the capital and reserves that would absorb them, 10.5 times the median of 1.4% for the 583 banks with less than $100 million in assets. It also holds commercial real estate loans worth 1.0 times its capital, 3.8 times the median of 26% for banks its size.
Earnings jumped: net income for the quarter was $103,000, 45% 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 2.06% of loans from 1.89% a year earlier. Funding is the softer spot: it pays an average of 2.26% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.53%).
As of June 30, 2026, First Federal Savings Bank of Washington reported a return on assets of 0.45%, a nonperforming-loan ratio of 2.06% and a Texas ratio of 14.44%. The figures come from its call report filed with the FFIEC.
First Federal Savings Bank of Washington ranks as the 81st largest of the 87 banks based in Indiana, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.7% to $94.4M, loans rose 3.1% and deposits fell 2.8%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 76.2% of total loans, followed by non-owner-occupied commercial real estate loans at 9.9%. The FDIC Summary of Deposits lists a single office for it, in Washington, IN. Judged on its Q2 2026 call report, First Federal Savings Bank of Washington meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 439 S State Road 57, Washington, IN 47501
- County
- Daviess
- Metro Area
- Washington, IN
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1895
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 14
- Domestic deposits
- $73.6M
- Allowance for credit losses
- $670K
- Net charge-offs (YTD)
- $1K
- Average total assets
- $92.4M
- Average total loans
- $71.1M
- Average interest-bearing deposits
- $61.0M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29710
- Fed RSSD
- 110972
- Website
- WWW.FIRSTFEDERALWASHINGTON.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 Washington reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First Federal Savings Bank of Washington's total assets moved between a low of $79.5M (Q3 2023) and a high of $95.1M (Q4 2025) from Q3 2023 to Q2 2026, and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$94.4M total assets against $92.3M; $84.5M total liabilities against $82.9M.
$72.4M net loans and leases against $71.6M; $73.6M total deposits against $73.7M.
$6.6M securities against $6.5M; $10.5M cash and balances due against $9.3M.
$1.2M total interest income against $1.2M; $411K total interest expense against $464K.
$778K net interest income against $702K.
$30K total noninterest income against $26K; $654K total noninterest expense against $613K.
$23K provision for credit losses against $23K.
$103K net income against $71K.
0.45% return on assets against 0.31%; 3.55% net interest margin against 3.28%.
10.98% tier 1 leverage ratio against 10.67%.
Inside the full First Federal Savings Bank of Washington terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.34% (Q4 2024) to 0.57% (Q1 2026) and its net interest margin ran from 2.87% (Q4 2024) to 3.55% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.98% | 0.45% | 2.06% | 14.44% | 3.55% |
| Q1 2026 | 10.67% | 0.57% | 2.13% | 14.57% | 3.46% |
| Q4 2025 | 10.39% | 0.36% | 2.28% | 16.24% | 3.32% |
| Q3 2025 | 10.42% | 0.55% | 1.86% | 13.44% | 3.09% |
| Q2 2025 | 10.67% | 0.31% | 1.89% | 13.83% | 3.28% |
| Q1 2025 | 10.50% | 0.30% | 1.91% | 13.68% | 3.10% |
| Q4 2024 | 10.42% | -0.34% | 1.94% | 14.26% | 2.87% |
| Q3 2024 | 10.59% | 0.36% | 2.55% | 18.47% | 2.95% |
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 Washington (main office) | Washington , IN | 47501 | $73.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 31, 1981 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 1981 | Structure Change | Acquired Loogootee Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IN, rank 112 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 Washington
What are First Federal Savings Bank of Washington's total assets?
As of the Q2 2026 filing, First Federal Savings Bank of Washington reported total assets of $94.4 million in its FFIEC call report.
Where is First Federal Savings Bank of Washington headquartered?
It is headquartered in Washington, IN, United States.
When was First Federal Savings Bank of Washington founded?
It was established in 1895, per the FDIC institution directory.
Is First Federal Savings Bank of Washington FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #29710). 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 Washington?
First Federal Savings Bank of Washington's primary federal regulator is the FDIC.
How many branches does First Federal Savings Bank of Washington 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 Washington's Texas Ratio?
Its Texas Ratio is 14.44% 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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