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Home > Company Index > Banking > Banking - Midwest > First Federal Bancorporation

First Federal Bancorporation
Nasdaq (SC): BDJI
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 PROFILE
First Federal Bancorporation is a holding company for First Federal Bank, which operates five offices serving Bagley, Baudette, Bemidji, and Walker in northern Minnesota. Chartered in 1910, the bank offers passbook savings, retirement, and money market accounts, as well as certificates of deposit. One- to four-family residential mortgages make up more than 40% of the loan portfolio; consumer loans account for almost as much. First Federal also partners with other lenders to finance commercial real estate developments, frequently outside its market area. The bank sells most of its long-term, fixed-rate mortgages on the secondary market. Bank subsidiary First Federal Service sells insurance and investments.

 COMPETITION
Associated Banc-Corp (ASBC)
U.S. Bancorp (USB)
Wells Fargo & Company (WFC)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 10.40
1-Yr. Sales Growth: 10.6%
Employees: 47
Revenue per employee: $221,276.60

 KEY PEOPLE
• William R. Belford
    CEO
• Dennis M. Vorgert
    CFO

 CONTACT INFO
214 5th St.
Bemidji, MN 56601
US
Phone: 218-751-5120
Fax: 218-751-5814
Online: Web Site

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