CFG Community Bank


11 W Ridgely Rd
Lutherville, MD 21093
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 4.45% →
1-Year CD N.A. 5.00% →
2-Year CD N.A. 4.75% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2023 Overview

General Bank Information

CFG Community Bank is an FDIC insured institution located in Lutherville, MD. It was founded in 1997 and has approximately $3.21 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 34294
Date Established 1997
Assets $ 3.21 billion
Loans $ 2.54 billion
Deposits $ 2.74 billion
Capital $ 285.25 million

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

Deposit Rates - February 7, 2023

Your Current Location: Virginia, VA 20146

Online Only Savings Rates of CFG Bank

Online Savings Rates APY MIN MAX
High Yield Money Market
4.45% $1,000 - Learn More

Online Only CD Rates of CFG Bank

Online CD Rates APY MIN MAX
12-Month CD
4.85% $500 - Learn More
18-Month CD
4.75% $500 - Learn More
36 Month Online CD
4.60% $500 - Learn More
5-Year CD
4.50% $500 - Learn More

Bank Online Offers

CFG Bank Lowers Money Market to 2.25% APY
Dec 12, 2019

CFG Bank has lowered its money market rate for balances over $25,000 from 2.30% to 2.25% APY.  The rate remains the best online savings or money market rate nationally available in the US.  You may however find higher rates at banks and credit unions near you.

CFG Bank has also slightly lowered all of its CD offerings.   Its 12-month, 18-month and 60-month offerings now stand at 2.15% APY, 2.33% APY and 2.60% APY, respectively.


CFG Bank Lowers Money Market Rate to 2.05% APY
Feb 26, 2020

CFG has lowered its money market accounts rate to 2.05% APY from 2.15% APY.   The account requires a $25,000 minimum, and only permits daily withdrawals up to $5,000 (and monhtly withdrawals up to $30,000).

CFG Bank Lowers Online Savings Rate to 0.68% APY
Jan 13, 2021

CFG has lowered its online savings rate by 5 basis points which is just enough so that it is no longer the highest nationally-available online savings rate in the country.

CFG Bank Raises Online Savings Rate to 0.70% APY
Mar 11, 2022

CFG has raised its online savings rate from 0.63 to 0.70% APY, making it one of only about 5 or 6 banks to over over 0.70%.

Its 13-month No Penalty CD rate was also raised to 0.80% APY.   See all No Penalty and special term CD rates here

CFG Bank Raises Online Money Market Rate to 4.25% APY
Jan 23, 2023

CFG Bank has raised its online money market rate to 4.25% APY.   This move places it within 10 basis points of My Savings Direct, the current savings and money market rate leader. 


Loan Rates - February 7, 2023

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for CFG Community Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2023

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
6.300% 6.125%
0.88 points
$4,688 fees
$1,520 Learn More
Asset Mutual Mortgage, Inc
NMLS ID: 184303
5.990% 5.990%
0.00 points
$0 fees
$1,498 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168

Learn More
NMLS ID: Not lender

Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2023

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.740 %
$0 Learn More
More Info

Note to CFG Community Bank
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CFG Community 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:

CFG Community Bank Locations

Climate Initiatives

CFG Community Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

CFG Community Bank Ratio Analysis

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

Texas Ratio
CFG Community Bank U.S. Bank Average
2.92% 4.06%

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 June 30, 2022, CFG Community Bank had $7,966,000 in non-current loans and $1,546,000 in owned real estate. To cover these potential losses it had $285,249,000 in equity and $40,005,000 in loans loss reserves. That gives it a Texas Ratio of 2.92%.

Return on Equity
CFG Community Bank U.S. Bank Average
35.49% 9.98%

CFG Community Bank has a Return on Equity of 35.49% versus the BestCashCow average of 9.98%. 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.

CFG Community Bank U.S. Bank Average
8.87% 10.23%

CFG Community Bank has a Capitalization of 8.87% versus the BestCashCow average of 10.23. 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.

CFG Community Bank Balance Sheet Analysis

As of June 30, 2022, CFG Community Bank had assets of $3,214,610,000, loans of $2,544,257,000, and deposits of $2,741,427,000. 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

June 30, 2022
Cash & Balances due from depository institutions $ 178.40 million
Interest-bearing balances $ 168.60 million
Total securities $ 379.20 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.54 billion
Loan loss allowance $ 40.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.55 million
Goodwill and other intangibles $ 58.89 million
All other assets $ 39.56 million
     Total Assets $ 2.93 billion
Total deposits $ 2.74 billion
      Interest-bearing deposits $ 1,980.42 million
      Deposits held in domestic offices $ 2.74 billion
      % insured (estimated) 56.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 162.37 million
Subordinated debt N.A.
All other liabilities $ 25.56 million
      Total Liabilities $ 2.93 billion
      Shareholders’ Equity $ 285.25 million

Summary Income Statement

June 30, 2022
Total Interest Income $ 77.22 million
Total Interest Expense $ 6.65 million
Net interest income $ 70.57 million
Provision for loan and lease losses $ 3.78 million
Total non interest income $ 15.67 million
Total non interest expense $ 35.70 million
Pre-tax Net Operating Income $ 46.75 million

Bank Loan Profile?

The top three loan types in CFG Community Bank’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and Commercial and Industrial Loans.

Compared to other banks in Maryland, CFG Community Bank has a significantly higher percent of Multifamily Mortgages, Commercial and Industrial 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.13
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.73
Construction and Development Loans 3.07
Commercial Real Estate 44.21
Commercial and Industrial Loans 23.96
Farm Loans 0.00

Customer Reviews for CFG Community Bank

  • September 7, 2022 |

    I was considering opening a CD with this bank but I'm having second thoughts due to the many NEGETATIVE reviews. I'm seeking an on line bank with competitive rates and GOOD CUSTOMER SERVICE.

  • August 17, 2022 |

    So frustrating trying to open and fund an account. No return phone calls, couldn’t add funds. Giving up and taking my money elsewhere! If it’s difficult depositing money, I can only imagine trying to withdraw money!! Don’t waste your time!

  • August 5, 2022 |

    Don't waste your time. No one returns calls. We waited for a week and never heard back from them. If you cannot get your money into the bank I can only imagine the hassles getting it out. If you read these reviews its clear they do not have the capacity to actually be an online bank.

  • May 27, 2021 |

    Online application only good for opening a CD. I had trouble trying to establish an High Yield Saving Account. Their online application process kept initiating a CD account. I was unable to create a saving account and their service reps were not helpful in providing guidance for me to establish an savings account. Another factor to be aware of is transferring funds to external accounts takes forever to process. The only thing they have going is the high rates on their CD accounts.

  • March 17, 2020 |

    Great people to work with.They are smart Most of the money they lend is in the health care field. They stay away from the housing industry .They also test you with respect.M&t could care less about your time. These people respect your time and get you done fast.

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