Buffalo Federal Bank

Headquarters

106 Fort Street
Buffalo, WY 82834
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Buffalo Federal Bank is an FDIC insured institution located in Buffalo, WY. It was founded in 1936 and has approximately $0.12 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 29696
Date Established 1936
Assets $ 123.03 million
Loans $ 82.76 million
Deposits $ 102.91 million
Capital $ 13.71 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Buffalo Federal Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Buffalo Federal Bank
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Branches

Buffalo Federal 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:
Fairfield,Connecticut


Buffalo Federal Bank Locations


Financial Details

Buffalo Federal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Buffalo Federal 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
Buffalo Federal Bank U.S. Bank Average
5.54% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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, 2020, Buffalo Federal Bank had $295,000 in non-current loans and $548,000 in owned real estate. To cover these potential losses it had $13,714,000 in equity and $1,502,000 in loans loss reserves. That gives it a Texas Ratio of 5.54%.

Return on Equity
Buffalo Federal Bank U.S. Bank Average
1.8% 7.80%

Buffalo Federal Bank has a Return on Equity of 1.8% versus the BestCashCow average of 7.80%. 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
Buffalo Federal Bank U.S. Bank Average
11.15% 12.68%

Buffalo Federal Bank has a Capitalization of 11.15% versus the BestCashCow average of 12.68. 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.

Buffalo Federal Bank Balance Sheet Analysis

As of March 31, 2020, Buffalo Federal Bank had assets of $123,027,000, loans of $82,755,000, and deposits of $102,910,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 3.43 million
Interest-bearing balances $ 1.06 million
Total securities $ 23.91 million
Federal funds sold and reverse repurchase $ 5.47 million
Net loans and leases $ 82.76 million
Loan loss allowance $ 1.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.55 million
Goodwill and other intangibles $ 0.13 million
All other assets $ 3.33 million
     Total Assets $ 109.31 million
LIABILITIES
Total deposits $ 102.91 million
      Interest-bearing deposits $ 86.29 million
      Deposits held in domestic offices $ 102.91 million
      % insured (estimated) 87.18%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.82 million
Subordinated debt N.A.
All other liabilities $ 0.58 million
      Total Liabilities $ 109.31 million
      Shareholders’ Equity $ 13.71 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.39 million
Total Interest Expense $ 0.24 million
Net interest income $ 1.15 million
Provision for loan and lease losses $ 0.20 million
Total non interest income $ 0.32 million
Total non interest expense $ 1.20 million
Pre-tax Net Operating Income $ 0.07 million

Bank Loan Profile?

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

Compared to other banks, Buffalo Federal Bank’s loan portfolio does not show any specific loan specialty.

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 29.54
Multifamily
Mortgages
2.25
Credit Card Loans 0.00
Consumer Auto Loans 2.91
Small Business Loans 0.00
Construction and Development Loans 2.85
Commercial Real Estate 34.81
Commercial and Industrial Loans 13.76
Farm Loans 3.25

Frequently Asked Questions About Buffalo Federal Bank

Branches and Savings

Is Buffalo Federal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29696.

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

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

Why are Buffalo Federal Bank CD rates not competitive?

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

Is Buffalo Federal Bank a commercial bank?

Yes

Where are Buffalo Federal Bank locations?

See branch locations nearby.

Is Buffalo Federal Bank open on Saturdays?

Is Buffalo Federal Bank open on Sundays?

What time does Buffalo Federal Bank open?

What time does Buffalo Federal Bank close?

Are Buffalo Federal Bank ATMs Open 24/7?

Do Buffalo Federal Bank ATMs accept cash deposits?

Can Buffalo Federal Bank customers use other ATMs?

Do Buffalo Federal Bank branches have notaries?

Will Buffalo Federal Bank notarize my document?

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

Will the Buffalo Federal Bank branch print checks?

Do Buffalo Federal Bank checks expire?

Does Buffalo Federal Bank require US citizenship to open account?

Can Buffalo Federal Bank close my account?

Does Buffalo Federal Bank Report to credit bureaus?

Does Buffalo Federal Bank Use Equifax?

What is Buffalo Federal Bank's ACH Routing Number?

What is Buffalo Federal Bank's SWIFT code?

Products

Does Buffalo Federal Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Buffalo Federal Bank offer personal loans?

Compare personal loan rates here.

Does Buffalo Federal Bank offer student loans?

Will Buffalo Federal Bank cash a check?

Will Buffalo Federal Bank redeem a savings bond?

Does Buffalo Federal Bank cash savings bonds?

Will Buffalo Federal Bank cash money orders?

Can Buffalo Federal Bank issue a money order?

Does Buffalo Federal Bank do currency exchange?

Background on The Bank

Who owns Buffalo Federal Bank?

How long has Buffalo Federal Bank been around?

Can Buffalo Federal Bank transfer to other banks?

Does Buffalo Federal Bank have quick pay?

Does Buffalo Federal Bank accept rolled coins?

Will Buffalo Federal Bank accept loose change?

Where is Buffalo Federal Bank headquarters?

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