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First Federal Bank of the Midwest

Defiance, OH · Cert 29845

FDIC · 74 branches

Q4 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

Basis

Quarter: Q4 2024, the quarter ended December 31, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating regionally (n=184). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

72

Q2 2024Q4 2024peer median (50)

Asset Quality

32

Q2 2024Q4 2024peer median (50)

Profitability

29

Q2 2024Q4 2024peer median (50)

Liquidity

52

Q2 2024Q4 2024peer median

Efficiency

56

Q2 2024Q4 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Federal Bank of the Midwest

Defiance, OH · Cert 29845

FDIC · 74 branches

Q4 2024

$8.6BAssets
$6.6BLoans
$6.9BDeposits
$1.0BEquity
Loan mix
79%RE $4.2B17%C&I $0.9B3%Consumer $0.2BQ4 2023Q4 2024
Deposit mix
78%Interest-bearing $5.4B22%Noninterest $1.5BQ4 2023Q4 2024

NIM

3.35%Q4 ’224.31%Q4 ’234.58%Q4 ’24-11%-8%

Non-interest income vs. expense

1.84%Q4 ’221.81%Q4 ’231.85%Q4 ’24+2%+1%

Market Position · Youngstown-Warren, OH · 2024 SOD (annual) · 16.6% share · #3 of 11 inst. · $1.8B of $10.6B

22.8% Mahoning
5.8% Allen
31.7% Lenawee
20.4% Hancock

Executive Summary

  • Earnings: ROA of 0.87%, down 16 bps year over year; NIM at 2.46%.
  • Asset quality: problem loans at 1.24% of loans (+71 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 10.54%, up 12 bps from a year ago.
  • Funding: loans stand at 95.45% of deposits as of Q4 2024.

Financial Results

Return on Assets (YTD, annualized)

0.87%-16 bps YoY

Net Interest Margin (YTD, annualized)

2.46%-21 bps YoY

Efficiency Ratio (YTD, annualized)

61.03%+512 bps YoY

Tier 1 Leverage Ratio

10.54%+12 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets1.03%0.86%0.82%0.83%0.87%-16 bps
Return on Equity9.16%7.27%6.99%6.99%7.30%-186 bps
Net Interest Margin2.68%2.43%2.40%2.42%2.46%-21 bps
Efficiency Ratio55.90%61.83%60.71%62.00%61.03%+512 bps
Non-Interest Burden1.30%1.31%1.27%1.31%1.31%+2 bps
Growth
Asset Growth (YoY)2.32%1.04%1.94%2.01%-0.55%-287 bps
Loan Growth (YoY)4.54%1.89%-0.24%-1.79%-4.23%-877 bps
Deposit Growth (YoY)3.09%5.73%2.20%1.14%-3.98%-707 bps
Asset Quality
Nonperforming Loans / Loans0.54%0.61%0.98%1.24%1.24%+71 bps
Net Charge-Offs / Loans0.06%0.02%0.09%0.07%0.07%+1 bps
Allowance / Loans1.11%1.12%1.13%1.12%1.13%+2 bps
Allowance Coverage of NPLs2.1x1.8x1.2x0.9x0.9x-1.2x
Capital
Tier 1 Leverage Ratio10.42%10.41%10.42%10.22%10.54%+12 bps
Total Risk-Based Capital13.52%13.71%13.72%13.74%14.28%+76 bps
Equity / Assets11.86%11.83%11.68%11.95%12.09%+23 bps
Liquidity & Funding
Loans / Deposits95.70%94.50%94.46%93.10%95.45%-25 bps
Liquid Assets / Assets0.35%0.36%0.95%0.47%0.61%+27 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First Federal Bank of the Midwest

Defiance, OH · Cert 29845 · Peer group: banks $1B-$10B in assets operating regionally (n=184)

FDIC · 74 branches

Q4 2024

$8.6BAssets
$6.6BLoans
$6.9BDeposits
$1.0BEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 84% of banks $1B-$10B in assets operating regionally (rank 30 of 184).
  • Widest gap: nonperforming loans / loans trails 88% of banks $1B-$10B in assets operating regionally (rank 163 of 184).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.88%

Rank 101 of 184

Net Interest Margin

2.46%

Rank 155 of 184

Efficiency Ratio

62.48%

Rank 82 of 184

Equity / Assets

12.09%

Rank 30 of 184

Non-interest income vs. expense

$46.0M$159.1MINCOMEEXPENSE
Unfavorable gap of $113.1M · efficiency ratio beats 56% of banks $1B-$10B in assets operating regionally
Bank 62.48%Peer median 64.5%Q3 2024Q4 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.88%0.68%0.94%1.26%Beats 45%101 / 184
Return on Equity7.25%7.07%9.96%12.68%Beats 27%135 / 184
Net Interest Margin2.46%2.67%3.05%3.54%Beats 16%155 / 184
Efficiency Ratio62.48%57.81%64.48%72.04%Beats 56%82 / 184
Asset Quality
Nonperforming Loans / Loans1.24%0.22%0.50%0.86%Beats 12%163 / 184
Net Charge-Offs / Loans0.09%0.04%0.10%0.20%Beats 52%90 / 184
Capital
Tier 1 Capital Ratio13.14%11.17%12.31%13.89%Beats 65%65 / 184
Total Risk-Based Capital Ratio14.28%12.14%13.33%15.02%Beats 67%60 / 184
Equity / Assets12.09%8.40%9.63%11.18%Beats 84%30 / 184
Liquidity & Funding
Loans / Deposits95.45%79.95%89.38%96.14%71st pctl53 / 184
Loans / Assets76.92%68.21%75.37%80.72%55th pctl82 / 184
Brokered Deposits / Depositsn/aNot reported for this institution