The Federal Savings Bank Announces Continued Growth and Expansion

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Job growth, new offices, increase in assets and third party accolades demonstrate Bank’s success.

VA and FHA home loans at The Federal Savings Bank

The Federal Savings Bank

The tremendous success of The Federal Savings Bank is a result of the diligent work and dedication of our highly qualified and resourceful residential mortgage team

With the official close of 2012 bank financials, Steve Calk, chairman and CEO of The Federal Savings Bank, announced details of the bank’s continued growth and national expansion since the bank was purchased in April 2011.

During 2012 the Bank’s assets increased by 225% to $230 million, ending the year with $22 million in capital and a tier 1 capital ratio of 9.2 percent. To note, total capital for the bank prior to being purchased in 2011 was $3.5 million. Return on assets (ROA) for The Federal Savings Bank in 2012 was 9.79 percent and return on equity (ROE) was 114 percent. As a point of comparison, a solid industry bench mark is 1.2 percent ROA and 15 percent ROE.

“The tremendous success of The Federal Savings Bank since we bought it in the spring of 2011 is a result of the diligent work and dedication of our highly qualified and resourceful residential mortgage team,” said Steve Calk, chairman and CEO of The Federal Savings Bank. “This is only the beginning. As the Bank grows, we will continue to expand and add more jobs in the communities that we serve – all in an effort to educate first-time home buyers and veterans on the opportunities and benefits of home ownership.”

Third parties are recognizing the Bank’s success as well. In November 2012 BestCashCow rated The Federal Savings Bank as the fastest growing bank in the United States with a 147% growth in assets and a 48% return on equity in 2011. The Bank also was named by the American Bankers Association Journal as the most profitable bank in America in 2011 with total assets of less than $100 million dollars. IDC Financial Publishing, Inc. , which uses rankings of financial ratios to determine the safety ratings of banks, bank holding companies, savings institutions, and credit unions, recently recognized The Federal Savings Bank with its maximum rating of 300 out of 300, for the second straight year. BauerFinancial, Inc., an independent company that closely analyzes banks and credit unions based on financial data as reported to federal regulators, also rated the Bank as “excellent.”

The Bank, with deposit and loan production offices in Overland Park, KS, and Chicago, recently opened five new loan production offices in Scottsdale, AZ; Schaumburg, IL; Baltimore and Columbia, MD and Long Island, NY. The new offices have brought 150 combined jobs where expert loan officers serve customers’ home financing needs through competitive products, unparalleled customer service and convenience. The Federal Savings Bank now has eight total loan production offices throughout the United States with the remaining located in Lake Forest, CA; Naperville, IL and Manhattan, NY. All of The Federal Savings Bank mortgage services also are offered at the new offices, including providing superior banking services, including Federal Housing Administration (FHA), VA, Jumbo, first-time home buyer and commercial loans, CD, savings, checking and money market accounts. Nearly 50 percent of the Bank’s business is in FHA and VA loans.

The expansion of The Federal Savings Bank, which lends in all 50 states, is another example of how the bank has thrived while many other financial institutions have struggled in this turbulent economy. Much of the bank’s success can be attributed to its leadership measuring, monitoring and controlling its growth and exercising a plan of generating home loans built on 20 years of safe and sound lending practices. The bank, which is owned and operated by military veterans, is proud to serve fellow veterans and wounded warriors. The Bank has grown from nine employees and one office in 2011 to more than 450 employees throughout nine offices today.

About The Federal Savings Bank
The Federal Savings Bank is a federally chartered savings bank. The Bank, with new ownership in 2011, became profitable within its first 3 months of operations, and has grown from nine employees and one office to more than 450 employees throughout nine offices. In 2011 The Federal Savings Bank was named by the American Bankers Association Journal as the most profitable bank in America with total assets of less than $100 million dollars. It has deposit and loan production offices in Overland Park, KS, and Chicago, IL with seven loan production offices throughout the United States. The Bank’s avoidance of higher risk business has paid off for customers, employees and shareholders, allowing it to focus on meeting customers’ home financing needs through competitive products, unparalleled customer service and convenience. The Federal Savings Bank is proud to have the best mortgage bankers and processors on its team, many of whom have served in the U.S. military. As a result, the Bank is rebuilding America - One home loan at a time.

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