Arundel Federal Savings Bank

655 Crain Highway, S
Glen Burnie, MD 21061

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28780
Date Established 1906
Assets $0.44 billion
Loans $0.34 billion
Deposits $0.37 billion
Capital $0.07 billion

Arundel Federal Savings Bank is an FDIC insured institution located in Glen Burnie, MD. It was founded in 1906 and has approximately $0.44 billion in assets. Customers can open an account at one of its 7 branches.

For a more detailed analysis of Arundel Federal Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 23, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 $19,999 Learn MoreShow Less
Money Market
0.15% $20,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.20% $1,000 $19,999 Learn MoreShow Less
Premium Money Market Account
0.25% $20,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
1.25% $1,000 - Learn MoreShow Less
1.70% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
1.85% $25,000 - Learn MoreShow Less
Special: 13 Mo CD
1.85% $500 - Learn MoreShow Less
1.85% $10,000 $24,999 Learn MoreShow Less
18 Mo CD
1.95% $25,000 - Learn MoreShow Less
2.00% $1,000 $24,999 Learn MoreShow Less
24 Mo CD
2.10% $25,000 - Learn MoreShow Less
36 Mo CD
2.70% $5,000 - Learn MoreShow Less
2.20% $1,000 $24,999 Learn MoreShow Less
48 Mo CD
2.75% $25,000 - Learn MoreShow Less
2.50% $1,000 $24,999 Learn MoreShow Less
60 Mo CD
2.85% $25,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.50% $1,000 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.00% $50 $4,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $250 $999 Learn MoreShow Less
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - July 23, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Arundel Federal Savings Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.750% 3.750% 0.00 $2 $1,158 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Arundel Federal Savings Bank
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Branches

Arundel Federal Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Arundel Federal Savings Bank Locations


Financial Details

Arundel Federal Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Arundel Federal Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Arundel Federal Savings Bank U.S. Bank Average
11.77% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Arundel Federal Savings Bank had $7,843,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $65,261,000 in equity and $1,390,000 in loans loss reserves. That gives it a Texas Ratio of 11.77%.

Return on Equity
Arundel Federal Savings Bank U.S. Bank Average
1.56% 9.47%

Arundel Federal Savings Bank has a Return on Equity of 1.56% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Arundel Federal Savings Bank U.S. Bank Average
14.91% 12.49%

Arundel Federal Savings Bank has a Capitalization of 14.91% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Arundel Federal Savings Bank Balance Sheet Analysis

As of March 31, 2019, Arundel Federal Savings Bank had assets of $437,608,000, loans of $337,854,000, and deposits of $365,206,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.03 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.34 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.37 billion
LIABILITIES
Total deposits $0.37 billion
      Interest-bearing deposits $0.36 billion
      Deposits held in domestic offices $0.37 billion
      % insured (estimated) 97.66%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.37 billion
      Shareholders’ Equity $0.07 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Arundel Federal Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in Maryland, Arundel Federal Savings Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 90.29
Multifamily
Mortgages
0.91
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 0.00
Construction and Development Loans 0.04
Commercial Real Estate 9.14
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Arundel Federal Savings Bank

Branches and Savings

Is Arundel Federal Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28780.

Why does Arundel Federal Savings Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Arundel Federal Savings Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Arundel Federal Savings Bank a commercial bank?

Yes

Where are Arundel Federal Savings Bank locations?

See branch locations nearby.

Is Arundel Federal Savings Bank open on Saturdays?

Is Arundel Federal Savings Bank open on Sundays?

What time does Arundel Federal Savings Bank open?

What time does Arundel Federal Savings Bank close?

Are Arundel Federal Savings Bank ATMs Open 24/7?

Do Arundel Federal Savings Bank ATMs accept cash deposits?

Can Arundel Federal Savings Bank customers use other ATMs?

Do Arundel Federal Savings Bank branches have notaries?

Will Arundel Federal Savings Bank notarize my document?

What address for Arundel Federal Savings Bank should I put for incoming ACH transfers?

Will the Arundel Federal Savings Bank branch print checks?

Do Arundel Federal Savings Bank checks expire?

Does Arundel Federal Savings Bank require US citizenship to open account?

Can Arundel Federal Savings Bank close my account?

Does Arundel Federal Savings Bank Report to credit bureaus?

Does Arundel Federal Savings Bank Use Equifax?

What is Arundel Federal Savings Bank's ACH Routing Number?

What is Arundel Federal Savings Bank's SWIFT code?

Products

Does Arundel Federal Savings Bank offer mortgages?

Compare mortgage rates here.

Does Arundel Federal Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Arundel Federal Savings Bank offer personal loans?

Compare personal loan rates here.

Does Arundel Federal Savings Bank offer student loans?

Will Arundel Federal Savings Bank cash a check?

Will Arundel Federal Savings Bank redeem a savings bond?

Does Arundel Federal Savings Bank cash savings bonds?

Will Arundel Federal Savings Bank cash money orders?

Can Arundel Federal Savings Bank issue a money order?

Does Arundel Federal Savings Bank do currency exchange?

Background on The Bank

Who owns Arundel Federal Savings Bank?

How long has Arundel Federal Savings Bank been around?

Can Arundel Federal Savings Bank transfer to other banks?

Does Arundel Federal Savings Bank have quick pay?

Does Arundel Federal Savings Bank accept rolled coins?

Will Arundel Federal Savings Bank accept loose change?

Where is Arundel Federal Savings Bank headquarters?

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