First Federal Bank of Ohio: how it compares with its peers
Against 63 OH banks with half to twice its assets, First Federal Bank of Ohio's strongest measure in Q2 2026 is net interest margin (3.15% vs. a 3.74% peer median). Its weakest relative measure is efficiency ratio (89.15% vs. 72.34%).
| Measure | First Federal Bank of Ohio | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.35% | 0.93% | Bottom third Ahead of 11% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.15% | 3.74% | Bottom third Ahead of 19% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 89.15% | 72.34% | Bottom third Ahead of 8% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.9M | $5.9M | Bottom third Ahead of 17% of peers |
| Loans to deposits Net loans and leases over total deposits. | 52.04% | 83.15% | Context |
What it means for lending operations
Its efficiency ratio of 89.15% is above the 72.34% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Fairfield Federal Savings and Loan Association of Lancaster Lancaster, OH · $281M
- Community Savings Caldwell, OH · $285M
- The Fort Jennings State Bank Fort Jennings, OH · $286M
- Peoples State Bank New Lexington, OH · $286M
- First Bank of Ohio Tiffin, OH · $278M
- Somerville Bank Eaton, OH · $291M
Questions about First Federal Bank of Ohio
How big is First Federal Bank of Ohio?
First Federal Bank of Ohio, established in 1891, is headquartered in Galion, OH. It reported $283M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is First Federal Bank of Ohio's return on assets?
0.35% annualized in Q2 2026, against a 0.93% median for 63 OH banks with half to twice its assets, ahead of 11% of them.
What is First Federal Bank of Ohio's efficiency ratio?
89.15% in Q2 2026: it spent about 89 cents in noninterest expense for each dollar of revenue. The peer median is 72.34%, and lower is better.
Is First Federal Bank of Ohio growing its loans?
Net loans grew 1.8% over the year to Q2 2026, while deposits shrank 3.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are OH banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Ohio bank ranked.