CFG Community Bank

Headquarters

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

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD 0.67% 0.67% →
2-Year CD N.A. 0.80% →
5-Year CD 1.00% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

CFG Community Bank is an FDIC insured institution located in Lutherville, MD. It was founded in 1997 and has approximately $2.05 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 34294
Date Established 1997
Assets $ 2.05 billion
Loans $ 1,490.34 million
Deposits $ 1,708.20 million
Capital $ 226.71 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 - December 6, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.49% $1,000 $24,999 Learn More
Money Market
0.59% $25,000 - Learn More
CD Rates APY MIN MAX
12 Mo CD
0.67% $500 - Learn More
18 Mo CD
0.70% $500 - Learn More
36 Month CD
0.85% $500 - Learn More
60 Mo CD
1.00% $500 - Learn More

Online Only Savings Rates of CFG Bank

Online Savings Rates APY MIN MAX
High Yield Money Market
0.59% $25,000 - Learn More

Online Only CD Rates of CFG Bank

Online CD Rates APY MIN MAX
12-Month CD
0.67% $500 - Learn More
13 Month No Penalty CD
0.62% $500 - Learn More
18-Month CD
0.70% $500 - Learn More
36 Month Online CD
0.85% $500 - Learn More
5-Year CD
1.00% $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.


 

Loan Rates - December 6, 2021

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.801% 2.750%
0.63 points
$1,662 fees
$1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

Note to CFG Community Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

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:
Ashburn,Virginia


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 BestCashCow.com 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
7.87% 4.78%

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, 2021, CFG Community Bank had $18,725,000 in non-current loans and $1,546,000 in owned real estate. To cover these potential losses it had $226,710,000 in equity and $30,804,000 in loans loss reserves. That gives it a Texas Ratio of 7.87%.

Return on Equity
CFG Community Bank U.S. Bank Average
38.74% 11.29%

CFG Community Bank has a Return on Equity of 38.74% versus the BestCashCow average of 11.29%. 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
CFG Community Bank U.S. Bank Average
11.08% 11.72%

CFG Community Bank has a Capitalization of 11.08% versus the BestCashCow average of 11.72. 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, 2021, CFG Community Bank had assets of $2,045,459,000, loans of $1,490,337,000, and deposits of $1,708,201,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 243.22 million
Interest-bearing balances $ 237.09 million
Total securities $ 231.76 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,490.34 million
Loan loss allowance $ 30.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.55 million
Goodwill and other intangibles $ 55.46 million
All other assets $ 11.53 million
     Total Assets $ 1,818.75 million
LIABILITIES
Total deposits $ 1,708.20 million
      Interest-bearing deposits $ 1,148.40 million
      Deposits held in domestic offices $ 1,708.20 million
      % insured (estimated) 45.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 92.95 million
Subordinated debt N.A.
All other liabilities $ 17.60 million
      Total Liabilities $ 1,818.75 million
      Shareholders’ Equity $ 226.71 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 47.75 million
Total Interest Expense $ 5.36 million
Net interest income $ 42.38 million
Provision for loan and lease losses $ 2.76 million
Total non interest income $ 27.78 million
Total non interest expense $ 28.41 million
Pre-tax Net Operating Income $ 39.00 million

Bank Loan Profile?

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

Compared to other banks in Maryland, CFG Community Bank has a significantly higher percent of Commercial Real Estate, 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.53
Multifamily
Mortgages
4.46
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.39
Construction and Development Loans 3.74
Commercial Real Estate 62.55
Commercial and Industrial Loans 29.54
Farm Loans 0.00

Customer Reviews for CFG Community 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.

  • 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.

  • January 13, 2020 |

    FYI, this bank changed its name to only CFG Bank. The link at the top of the site is broken. It's https://thecfgbank.com

  • January 13, 2020 |

    Solid overall bank with one of the highest APY for money market accounts in the US. 2.25% is hard to beat if you've got 25k to deposit. I recommend!

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