FINANCIAL REPORT 2016 FOR THE YEAR ENDING DECEMBER THIRTY-ONE TWO THOUSAND SIXTEEN Board of Directors Mr. George W. Gilbert, Chairman First Federal Savings Bank of Angola (retired) Mr. Philip E. Sanborn, Vice Chairman Sanborn’s For Your Home Mr. John J. Weicht, Secretary Weicht Funeral Home, Inc. Mr. William O. Eyster Tri-State Airways, Inc. (retired) Mr. Scott G. Gruner First Federal Savings Bank of Angola Mr. Charles L. Nedele, ISU Croxton and Roe Insurance Service, Inc. Mr. Cleon L. roop roop Florist (retired) Mr. Max L. White Pharmacist (retired) 212 East Maumee Street Angola, IN 46703 260.665.7556 www.ffsbangola.com 212 East Maumee Street Angola, IN 46703 260.665.7556 www.ffsbangola.com TM Officers and Staff Officers Mr. Scott G. Gruner, President/CEO Mrs. Amy E. Ross, Senior Vice President/Operations Mrs. Susan R. Allshouse, Vice President/Audit, Compliance, & Risk Management Mrs. Jody M. Noll, Vice President/Lending Mr. Cleon L. roop, Vice President (Honorary) Mr. Brady A. Tribble, Loan Officer Mr. omas E. Wilson, Legal Counsel Staff Michele Barron, Receptionist Pat Bireley, Operations Assistant Genie Brandt, Teller Shannon Bush, Operations Assistant Angela Crone, Operations Coordinator Michelle Crowl, Senior Loan Processor Jyssica DeLancey, Teller Sherrie Dempsey, Operations Assistant Marie Font, Teller Patty Foster, Teller Joyce Harris, Customer Service Representative Carrie Hayes, Customer Service Representative Sally Hensley, Customer Service Representative Amy Jack, Assistant to the President Leann Jordan, Operations Assistant Trish Kirtlan, Teller Kelley Lash, Loan Clerk Kaylee Mautz, Teller Courtney Merritt, Customer Service Representative Sharla Shook, Loan Processor Deyli Stantz, Teller Robert Steffan, Facilities Coordinator Tracy Wise, Operations Assistant Tiffany Ziegler, Teller TM
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FOR THE YEAR ENDING DECEMBER THIRTY-ONE Staff TWO … · 1/10/2017 · Mr. Th omas E. Wilson, Legal Counsel Staff Michele Barron, Receptionist Pat Bireley, Operations Assistant
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FINANCIAL REPORT
2016FOR THE YEAR ENDING
DECEMBER THIRTY-ONETWO THOUSAND SIXTEEN
Board of Directors
Mr. George W. Gilbert, Chairman First Federal Savings Bank of Angola (retired)
Mr. Philip E. Sanborn, Vice ChairmanSanborn’s For Your Home
Mr. John J. Weicht, SecretaryWeicht Funeral Home, Inc.
Mr. William O. EysterTri-State Airways, Inc. (retired)
Mr. Scott G. GrunerFirst Federal Savings Bank of Angola
Mr. Charles L. Nedele, ISU Croxton and Roe Insurance Service, Inc.
Mr. Cleon L. Th roopTh roop Florist (retired)
Mr. Max L. WhitePharmacist (retired)
212 East Maumee StreetAngola, IN 46703
260.665.7556www.ff sbangola.com
212 East Maumee StreetAngola, IN 46703
260.665.7556www.ff sbangola.com
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Offi cers and Staff
Offi cers Mr. Scott G. Gruner, President/CEO Mrs. Amy E. Ross, Senior Vice President/Operations Mrs. Susan R. Allshouse, Vice President/Audit, Compliance, & Risk Management Mrs. Jody M. Noll, Vice President/Lending Mr. Cleon L. Th roop, Vice President (Honorary) Mr. Brady A. Tribble, Loan Offi cer Mr. Th omas E. Wilson, Legal Counsel
Staff Michele Barron, Receptionist Pat Bireley, Operations Assistant Genie Brandt, Teller Shannon Bush, Operations Assistant Angela Crone, Operations Coordinator Michelle Crowl, Senior Loan Processor Jyssica DeLancey, Teller Sherrie Dempsey, Operations Assistant Marie Font, Teller Patty Foster, Teller Joyce Harris, Customer Service Representative Carrie Hayes, Customer Service Representative Sally Hensley, Customer Service Representative Amy Jack, Assistant to the President Leann Jordan, Operations Assistant Trish Kirtlan, Teller Kelley Lash, Loan Clerk Kaylee Mautz, Teller Courtney Merritt, Customer Service Representative Sharla Shook, Loan Processor Deyli Stantz, Teller Robert Steff an, Facilities Coordinator Tracy Wise, Operations Assistant Tiff any Ziegler, Teller
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First Federal Savings Bank of Angola Consolidated Balance SheetsDecember 31, 2016 and 2015
First Federal Savings Bank of Angola Consolidated Income StatementsFor the Years Ended December 31, 2016 and 2015
INTEREST INCOME 2016 2015
Interest and fees on loans $ 3,728,962 $ 3,752,175Interest on bank deposits 301,050 203,206Interest on investment securities 30,729 34,160
TOTAL INTEREST INCOME $ 4,060,741 $ 3,989,541
INTEREST EXPENSE
Interest on deposits $ 414,800 $ 431,503Interest on borrowings 20 - TOTAL INTEREST EXPENSE $ 414,820 $ 431,503
NET INTEREST INCOME $ 3,645,921 $ 3,558,038
OTHER INCOME
Account servicing fees $ 250,908 $ 230,990Miscellaneous income and fees 275,849 282,140