First Federal Savings Bank

What First Federal Savings Bank does

First Federal Savings Bank, doing business as First Federal Bank, is a privately held mutual savings bank founded in 1915 and headquartered in Twin Falls, Idaho. The bank serves two primary customer segments — individual consumers and small-to-mid-sized businesses — across Idaho through a regional branch network supplemented by online and mobile banking, a MoneyPass ATM network, and a mobile app with mobile deposit, Zelle, mobile wallet, personal finance management, and credit score monitoring. Its product suite spans consumer deposit products (Free/Rewards/Student/50 Plus checking, Regular/Savings Plus/SuperSaver/Kids Ca$h!/Money Market savings, HSA, Idaho Medical Savings, Idaho First-Time Homebuyer Savings), term deposits (CDs, IRAs), wealth services, consumer lending (home loans including conventional, ARM, construction, lot, bridge, home equity, reverse; vehicle loans; personal loans; Visa credit cards), and commercial lending (commercial real estate, SBA loans, business lines of credit, business term loans, Visa business cards). Specialty offerings include ITIN Loans for non-citizen residents, IntraFi expanded deposit insurance, and a Well-Being Bundle. The First Federal Foundation operates as a nonprofit affiliate supporting community giving, including a 2025 grant partnership routed through FHLBank Indianapolis' Community Multiplier program to fund Habitat for Humanity homeowner education.

The bank's revenue mechanics are traditional community bank economics: net interest income from deposits and a diversified loan portfolio (mortgages, consumer, and commercial), supplemented by fee income from cards, insurance, wealth, and treasury/cash management. Pricing is rate-based (deposit and loan rates published on its Resources page) rather than contract-based, and no commercial pricing or enterprise contracts are disclosed. Distribution is a hybrid physical-plus-digital model with no evidence of geographic expansion beyond Idaho. The bank has no disclosed funding rounds, no external PE/VC ownership, no M&A activity, and no leadership changes recorded in the input. Its competitive positioning rests on community-brand strength (Forbes Best-In-State Bank recognition four consecutive years, fifth time since 2020), long-tenured operations (110+ years), and a mutual ownership structure ('Mutuals Matter') aligned with depositor interests. There is no observable AI/ML proprietary capability; digital features appear to be vendor-provided standard integrations.

Name

First Federal Savings Bank

Legal name

First Federal Bank

Website

https://bankfirstfed.com

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

101–250 employees

Short description

First Federal Savings Bank (dba First Federal Bank) is a privately held mutual community bank founded in 1915 in Twin Falls, Idaho, offering consumer and small-business deposit, lending, and wealth products across Idaho via branches and digital channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (522110)

SIC

Savings Institutions, Not Federally Chartered (6036), State Commercial Banks (6022)

akta.pro industry

PRIMARYFSABAEAD

Mutual Savings Banks & Mutual Thrifts

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

Keywords

• Community banking
• Personal banking
• Business banking
• Mortgage lending
• Consumer lending

Headquarters

HQ city

Twin Falls

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Distribution channels4 records

Marketing channels4 records

Core offering

First Federal Savings Bank is a regional community bank headquartered in Twin Falls, Idaho, providing personal and business banking products and services. Offerings span deposit accounts (checking, savings, CDs, IRAs), consumer and commercial lending (mortgages, vehicle loans, personal loans, business loans, SBA loans, lines of credit), credit cards, insurance, and digital banking via online and mobile channels. The bank operates as a mutual savings institution serving individual consumers and small-to-mid-sized businesses primarily across Idaho.

Product overview

First Federal Bank is a regional community bank offering a comprehensive suite of personal and business banking products. The bank provides personal banking services including various checking and savings account options (Personal Checking, Personal Savings, CDs, IRAs), residential mortgage products (Home Loans with multiple options including conventional, ARM, construction, and reverse mortgages), consumer lending (Vehicle Loans, Personal Loans, Visa Credit Cards), and insurance services. Business banking offerings include Business Checking, Business Savings, Business CDs, and Business Loans (commercial real estate, SBA loans, lines of credit). Digital banking services are delivered through Mobile & Online Banking with features including Mobile Deposit, Zelle, and Personal Finance Management. The bank operates primarily in Idaho with additional services like IntraFi for large deposit insurance and specialized ITIN loans for non-citizen residents.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking account offerings including Free Checking, Rewards Checking, Regular Interest Checking, Student Checking, and 50 Plus Checking accounts for individual consumers.
• Personal Savings Savings products including Regular Savings, Savings Plus, SuperSaver Savings, Round-Up Program, Kids Ca$h! Savings, Money Market, Idaho Medical Savings Account, HSA, and Idaho First-Time Homebuyer Savings Account for individual consumers.
• Certificates of Deposit (CDs) Term deposit accounts offering fixed interest rates for specified periods for personal banking customers.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts including Traditional and Roth IRA options for individual consumers.
• Home Loans Residential mortgage products including Fixed Rate Mortgage Loans, Adjustable-Rate Mortgage (ARM), Construction Loans, Lot Loans, Refinance, Bridge Loans, Affordable Down Payment Options, Specialty Programs, Home Equity Loans, Second Mortgage Home Equity Loan, and Reverse Mortgage for homeowners and homebuyers.
• Vehicle Loans Auto loans for purchasing new or used vehicles for individual consumers.
• Personal Loans Unsecured personal loans including Ready Reserve lines of credit, First Finance Loans, and CD & Savings Loans for individual consumers.
• Visa Credit Cards Credit card products including personal and business Visa cards with various rewards and benefit programs.
• Business Checking Business checking accounts including Free Business Checking, Business Interest Checking, and Public Funds Checking for small and mid-sized businesses.
• Business Savings

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Habitat for HumanityminorOthers · 10 April 2025Recipient of $27,500 grant through FHLBank Indianapolis Community Multiplier program. The grant supports Habitat's educational programs for prospective and current homeowners as part of an affordable housing initiative.
• ForbescoreOthersForbes has named First Federal Idaho's Best-In-State Bank for the fourth consecutive year and fifth time since 2020, providing third-party validation of the bank's service quality and customer satisfaction.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• D.L. Evans Bank: Headquartered in nearby Burley, Idaho, D.L. Evans Bank is a privately held community bank offering personal and commercial banking across southern Idaho. It is the closest geographic and business-model comparable to First Federal, competing for the same Twin Falls and Magic Valley customers.
• WaFd Bank: Washington Federal Bank (now WaFd Bank) is one of the largest U.S. mutual savings banks, providing retail and commercial banking across the western U.S. It mirrors First Federal's mutual savings bank DNA while operating at significantly greater scale, serving as a strategic model and competitive reference point.
• HomeStreet Bank: HomeStreet is a Pacific Northwest community bank with a comparable retail/commercial mix including a strong mortgage origination focus. Its product suite and target customer profile closely mirror First Federal's.
• Capitol Federal Financial (CapFed): CapFed is a mutual savings bank headquartered in Topeka, Kansas, operating similarly to First Federal as a depositor-owned community institution with retail and commercial banking focus. It is one of the closest mutual-structure comparables in the U.S.
• Dime Community Bank: Dime is a New York-based community bank that converted to a public company from a mutual-style savings structure. It provides a useful strategic reference for a mutual savings bank pursuing capital and growth options.
• Bell Bank: Bell Bank is a privately held, employee-owned community bank with retail and commercial operations across the Midwest. Its employee-ownership structure and community focus make it a useful operating-model peer for First Federal.

Broad incumbents

• Glacier Bancorp: Glacier Bancorp is a regional bank holding company with significant Idaho and Mountain West community banking operations. It is a key larger competitor and likely strategic acquirer in First Federal's core geography.
• First Interstate BancSystem: First Interstate is a regional community bank holding company with branches across the Mountain West including Idaho. It competes directly for retail and SMB relationships and represents a comparable regional franchise model.
• Banner Corporation: Banner Bank is a Pacific Northwest community bank offering retail, commercial, and mortgage products across Washington, Oregon, Idaho, and California. It competes with First Federal for Idaho households and small businesses.
• U.S. Bancorp: U.S. Bank is one of the largest U.S. commercial banks with substantial retail and commercial presence in Idaho. It is the dominant large-bank competitor in First Federal's primary deposit and lending market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BankFirstFed

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Federal Savings Bank