Colonial Federal Savings Bank

Headquarters

15 Beach Street
Quincy, MA 02170
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

Colonial Federal Savings Bank is an FDIC insured institution located in Quincy, MA. It was founded in 1889 and has approximately $0.32 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 28481
Date Established 1889
Assets $ 319.22 million
Loans $ 190.63 million
Deposits $ 264.89 million
Capital $ 46.72 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101

Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less
NOW Checking 0.00% $0 $5.00 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Colonial 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Colonial Federal Savings Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Colonial 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


Colonial Federal Savings Bank Locations


Financial Details

Colonial Federal Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Colonial 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
Colonial Federal Savings Bank U.S. Bank Average
0% 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, Colonial Federal Savings Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $46,719,000 in equity and $1,647,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Colonial Federal Savings Bank U.S. Bank Average
3.61% 7.80%

Colonial Federal Savings Bank has a Return on Equity of 3.61% 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
Colonial Federal Savings Bank U.S. Bank Average
14.64% 12.68%

Colonial Federal Savings Bank has a Capitalization of 14.64% 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.

Colonial Federal Savings Bank Balance Sheet Analysis

As of March 31, 2020, Colonial Federal Savings Bank had assets of $319,221,000, loans of $190,630,000, and deposits of $264,893,000. 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 $ 17.94 million
Interest-bearing balances $ 15.77 million
Total securities $ 95.26 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 190.63 million
Loan loss allowance $ 1.65 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 11.80 million
     Total Assets $ 272.50 million
LIABILITIES
Total deposits $ 264.89 million
      Interest-bearing deposits $ 242.96 million
      Deposits held in domestic offices $ 264.89 million
      % insured (estimated) 91.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.73 million
Subordinated debt N.A.
All other liabilities $ 2.88 million
      Total Liabilities $ 272.50 million
      Shareholders’ Equity $ 46.72 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.61 million
Total Interest Expense $ 0.70 million
Net interest income $ 1.91 million
Provision for loan and lease losses $ 0.04 million
Total non interest income $ 0.15 million
Total non interest expense $ 1.53 million
Pre-tax Net Operating Income $ 0.49 million

Bank Loan Profile?

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

Compared to other banks in Massachusetts, Colonial 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 81.08
Multifamily
Mortgages
10.84
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 8.10
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Colonial Federal Savings Bank

Branches and Savings

Is Colonial Federal Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28481.

Why does Colonial 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 Colonial Federal Savings Bank CD rates not competitive?

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

Is Colonial Federal Savings Bank a commercial bank?

Yes

Where are Colonial Federal Savings Bank locations?

See branch locations nearby.

Is Colonial Federal Savings Bank open on Saturdays?

Is Colonial Federal Savings Bank open on Sundays?

What time does Colonial Federal Savings Bank open?

What time does Colonial Federal Savings Bank close?

Are Colonial Federal Savings Bank ATMs Open 24/7?

Do Colonial Federal Savings Bank ATMs accept cash deposits?

Can Colonial Federal Savings Bank customers use other ATMs?

Do Colonial Federal Savings Bank branches have notaries?

Will Colonial Federal Savings Bank notarize my document?

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

Will the Colonial Federal Savings Bank branch print checks?

Do Colonial Federal Savings Bank checks expire?

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

Can Colonial Federal Savings Bank close my account?

Does Colonial Federal Savings Bank Report to credit bureaus?

Does Colonial Federal Savings Bank Use Equifax?

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

What is Colonial Federal Savings Bank's SWIFT code?

Products

Does Colonial Federal Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Colonial Federal Savings Bank offer personal loans?

Compare personal loan rates here.

Does Colonial Federal Savings Bank offer student loans?

Will Colonial Federal Savings Bank cash a check?

Will Colonial Federal Savings Bank redeem a savings bond?

Does Colonial Federal Savings Bank cash savings bonds?

Will Colonial Federal Savings Bank cash money orders?

Can Colonial Federal Savings Bank issue a money order?

Does Colonial Federal Savings Bank do currency exchange?

Background on The Bank

Who owns Colonial Federal Savings Bank?

How long has Colonial Federal Savings Bank been around?

Can Colonial Federal Savings Bank transfer to other banks?

Does Colonial Federal Savings Bank have quick pay?

Does Colonial Federal Savings Bank accept rolled coins?

Will Colonial Federal Savings Bank accept loose change?

Where is Colonial Federal Savings Bank headquarters?

Customer Reviews for Colonial Federal Savings Bank

There are currently no comments for Colonial Federal Savings Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →