Cincinnati Federal

Headquarters

6581 Harrison Avenue
Cincinnati, OH 45247
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.91% →
1-Year CD 0.20% 1.01% →
2-Year CD 0.45% 0.95% →
5-Year CD 0.60% 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

Cincinnati Federal is an FDIC insured institution located in Cincinnati, OH. It was founded in 1922 and has approximately $0.23 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 28346
Date Established 1922
Assets $ 227.58 million
Loans $ 189.50 million
Deposits $ 150.83 million
Capital $ 30.97 million
 

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

Deposit Rates - October 31, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.60% $10,000 $14,999 Learn More
60 Mo CD
0.60% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1 $99 Learn MoreShow Less
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 31, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Cincinnati Federal

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.558% 2.500% 0.75 $1,908 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Cincinnati Federal
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Branches

Cincinnati Federal 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


Cincinnati Federal Locations


Financial Details

Cincinnati Federal Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cincinnati Federal. 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
Cincinnati Federal U.S. Bank Average
0.34% 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, Cincinnati Federal had $110,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $30,971,000 in equity and $1,473,000 in loans loss reserves. That gives it a Texas Ratio of 0.34%.

Return on Equity
Cincinnati Federal U.S. Bank Average
-2.52% 7.80%

Cincinnati Federal has a Return on Equity of -2.52% 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
Cincinnati Federal U.S. Bank Average
13.61% 12.68%

Cincinnati Federal has a Capitalization of 13.61% 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.

Cincinnati Federal Balance Sheet Analysis

As of March 31, 2020, Cincinnati Federal had assets of $227,579,000, loans of $189,496,000, and deposits of $150,830,000. 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 $ 13.92 million
Interest-bearing balances $ 11.98 million
Total securities $ 6.24 million
Federal funds sold and reverse repurchase $ 3.15 million
Net loans and leases $ 189.50 million
Loan loss allowance $ 1.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.28 million
All other assets $ 9.99 million
     Total Assets $ 196.61 million
LIABILITIES
Total deposits $ 150.83 million
      Interest-bearing deposits $ 141.53 million
      Deposits held in domestic offices $ 150.83 million
      % insured (estimated) 91.17%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 43.67 million
Subordinated debt N.A.
All other liabilities $ 2.11 million
      Total Liabilities $ 196.61 million
      Shareholders’ Equity $ 30.97 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.12 million
Total Interest Expense $ 0.75 million
Net interest income $ 1.37 million
Provision for loan and lease losses $ 0.07 million
Total non interest income $ 0.50 million
Total non interest expense $ 2.04 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Ohio, Cincinnati Federal has a significantly higher percent of Multifamily Mortgages 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 66.02
Multifamily
Mortgages
19.49
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 7.14
Construction and Development Loans 1.69
Commercial Real Estate 12.79
Commercial and Industrial Loans 0.28
Farm Loans 0.00

Frequently Asked Questions About Cincinnati Federal

Branches and Savings

Is Cincinnati Federal FDIC insured?

Yes. It is covered under FDIC Certificate #28346.

Why does Cincinnati Federal pay such low interest on savings accounts?

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

Why are Cincinnati Federal CD rates not competitive?

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

Is Cincinnati Federal a commercial bank?

Yes

Where are Cincinnati Federal locations?

See branch locations nearby.

Is Cincinnati Federal open on Saturdays?

Is Cincinnati Federal open on Sundays?

What time does Cincinnati Federal open?

What time does Cincinnati Federal close?

Are Cincinnati Federal ATMs Open 24/7?

Do Cincinnati Federal ATMs accept cash deposits?

Can Cincinnati Federal customers use other ATMs?

Do Cincinnati Federal branches have notaries?

Will Cincinnati Federal notarize my document?

What address for Cincinnati Federal should I put for incoming ACH transfers?

Will the Cincinnati Federal branch print checks?

Do Cincinnati Federal checks expire?

Does Cincinnati Federal require US citizenship to open account?

Can Cincinnati Federal close my account?

Does Cincinnati Federal Report to credit bureaus?

Does Cincinnati Federal Use Equifax?

What is Cincinnati Federal's ACH Routing Number?

What is Cincinnati Federal's SWIFT code?

Products

Does Cincinnati Federal offer mortgages?

Compare mortgage rates here.

Does Cincinnati Federal offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cincinnati Federal offer personal loans?

Compare personal loan rates here.

Does Cincinnati Federal offer student loans?

Will Cincinnati Federal cash a check?

Will Cincinnati Federal redeem a savings bond?

Does Cincinnati Federal cash savings bonds?

Will Cincinnati Federal cash money orders?

Can Cincinnati Federal issue a money order?

Does Cincinnati Federal do currency exchange?

Background on The Bank

Who owns Cincinnati Federal?

How long has Cincinnati Federal been around?

Can Cincinnati Federal transfer to other banks?

Does Cincinnati Federal have quick pay?

Does Cincinnati Federal accept rolled coins?

Will Cincinnati Federal accept loose change?

Where is Cincinnati Federal headquarters?

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