Community Reinvestment Act (CRA)

Under the Federal Community Reinvestment Act (CRA), the Comptroller of the Currency evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations. The Comptroller also takes this record into account when deciding on certain applications submitted by us.

Your involvement is encouraged.

You are entitled to certain information about our operations and our performance under the CRA, including, for example, information about our branches, such as their location and services provided at them; the public section of our most recent CRA Performance Evaluation, prepared by the Comptroller; and comments received from the public relating to our performance in helping to meet community credit needs, as well as our responses to those comments. You may review this information today.

At least 30 days before the beginning of each quarter, the Comptroller publishes a nationwide list of the banks that are scheduled for CRA examination in that quarter. This list is available from the Deputy Comptroller at the Office of the Comptroller of the Currency located at One Financial Plaza, Suite 2700, 440 South LaSalle Street, Chicago, IL 60605. 

You may send written comments about our performance in helping to meet community credit needs to Trent Troyer, First Federal Community Bank at 321 North Wooster Avenue, Dover, OH 44622 and Deputy Comptroller at the Office of the Comptroller of the Currency located at One Financial Plaza, Suite 2700, 440 South LaSalle Street, Chicago, IL 60605. Your letter, together with any response by us, will be considered by the Comptroller in evaluating our CRA performance and may be made public.

You may ask to look at any comments received by the Deputy Comptroller. You may also request from the Deputy Comptroller an announcement of our applications covered by the CRA filed with the Comptroller. We are an affiliate of FFD Financial, a bank holding company. You may request from the Community Reinvestment Officer, Federal Reserve Bank of Cleveland, P.O. Box 6387, Cleveland, Ohio 44101 an announcement of applications covered by the CRA filed by bank holding companies.

Public Disclosure

View the Public Disclosure.

LTDR History

Date Total Loans RC-C 12 Deposits RC 13a Ratio
3/31/2015 217,638 240,272 90.58%
6/30/2015 222,589 244,142 91.17%
9/30/2015 225,789 241,223 93.60%
12/31/2015 233,519 239,377 97.55%
Average 134,470 128,939 104.29%

CRA Statement

COMMUNITY REINVESTMENT ACT STATEMENT FIRST FEDERAL COMMUNITY BANK, NATIONAL ASSOCIATION

I. Introduction

First Federal Community Bank, National Association, formerly known as First Federal Savings Bank of Dover, (Dover) Ohio formerly known as First Federal Savings & Loan Association of Dover, Ohio formerly known as Dover Building and Loan Company. The Dover Building and Loan Company was founded in 1898, and was reorganized in 1937 to a federally chartered savings and loan, and converted the charter on February 24, 2012 to a national bank, under which charter we are operating today. Our basic purpose through the years has been to satisfy the various savings and credit needs in our community. 

II. Delineating Our Community

With our expansion of a branch in Berlin, our lending area has expanded to include all of Tuscarawas County and portions of Holmes County. From time to time, we may consider loans outside of our delineated area when request by our present customers or others at the discretion of management. 

III. Types of Credit Available

First Federal Community Bank, National Association will only consider such loans as permitted in accordance with the rules and regulations of the Office of the Comptroller of the Currency (OCC). From time to time, based on the economic conditions, we may not be in a position to be offering loans on all types of property. As an example, in periods of tight money, we will not be offering loans on commercial-business properties, or apartments, because we feel that our primary concern is to assist those customers in purchasing their single-family residence. However, generally speaking, First Federal Community Bank, National Association will consider loans secured by the following types of property.

a. Real Estate Loans

  1. Single-Family residential (home)
  2. Two-to-Four family dwelling units
  3. Multi-family (5 or more) Dwelling Units
  4. Construction Loans
  5. Lot Loans
  6. Other Commercial purpose real estate

b. Loans Secured by Savings Accounts

For our savings customers we will make loans secured by their savings accounts, under the applicable federal regulations and existing company policy in existence at the time of the extension of credit.

c. Consumer Loans

  1. Second Mortgage Loans and Home Equity Credit Lines secured by real estate
  2. Automobile, recreational vehicles, pleasure craft or loans with readily marketable collateral
  3. Unsecured Signature Consumer Loans
  4. Unsecured Overdraft Protection lines of credit
  5. Lines of Credit, secured by real estate, or other collateral, and unsecured

d. Secured and Unsecured Commercial Loans

IV. Community Reinvestment Act Notice

The Federal Community Reinvestment Act (CRA) requires the OCC to evaluate our performance on helping to meet the credit needs of this community, and take this evaluation into account when deciding on certain applications submitted by us. Your involvement is encouraged.

You may obtain our current CRA Statement within this web page.

You may send signed, written comments about our CRA Statement(s) or our performance in helping meet community credit needs to:

Trent B Troyer, President
First Federal Community Bank, National Association
PO Box 38
321 North Wooster Avenue
Dover, Ohio 44622

Or the OCC located at:

One Financial Plaza
Suite 2700
440 South LaSalle ST.
Chicago, IL 60605

V. Community Reinvestment Act Notice (continued)

Your letter, together with any response by us, may be made public. 

You may look at a file of all signed, written comments received by us within the past two years, any responses we have made to the comments, and all CRA Statements in effect during the past two years at our office located at:

902 Boulevard
Dover, Ohio 44622

You may ask to look at any comments received by the OCC.

You may also request from the OCC, an announcement of applications covered by the CRA filed with the OCC.

You may obtain the public section of our most receipt CRA Performance Evaluation, which was prepared by the OCC at:

902 Boulevard
Dover, Ohio 44622

Affordable Housing Loans

Program Name Affordable Housing Loans
Area Covered Holmes and Tuscarawas County
Target Groups Owner occupied single-family homes (PURCHASES ONLY)
Income Groups Low to median income (maximum $50,000.00)
Max. Loan Amount $75,000
Down Payment 5% minimum, no PMI required
Closing Costs Only out of pocket costs (estimated at $1,100 plus title insurance) and escrow reserves for real estate taxes, homeowners insurance and flood insurance if applicable
Term Maximum 30 years
Variable rate 3/3 ARM
Adjustable 1/5 caps
Debt Ratios 28% & 36%

Please Contact:

Alex Geers at (330) 602-9999

Assessment Area & Demographic

View the Assessment Area & Demographic.

Branches

Main Office:

321 N Wooster Ave
Dover Ohio, 44622
Phone: 330-364-7777
Fax: 330-364-7779
Census Tract #0207.00

Branch Offices:

244 West High Ave
New Philadelphia, Ohio 44663
Phone: 330-308-5555
Fax: 330-308-0316
Census Tract #0208.00

1047 West Main Street
Sugarcreek, Ohio 44681
Phone: 330-852-8888
Fax: 330-852-8880
Census Tract #0213.00

902 Boulevard
Dover, Ohio 44622
Phone: 330-602-9999
Fax: 330-602-9990
Census Tract #0211.00

4737 US Highway 62
Berlin, Ohio 44610
Phone: 330-893-2221
Fax: 330-893-2223
Census Tract #9763.01

Year Opened Closed
2015 None None
2014 None None
2013 None None

Banking Services 

View the Banking Services

Business Checking Fee Schedule

Personal Checking Fee Schedule

Public Comments

The section for public comments about CRA is empty as there have not been any comments made.

Michele L. Larkin
Senior Vice President
Mortgage Lending
CRA Officer

Responses to Public Comments

The section for responses to public comments about CRA is empty as there have not been any comments made. 

Michele L. Larkin
Senior Vice President
Mortgage Lending
CRA Officer