Community Federal Savings Bank

Headquarters

89-07 Jamaica Avenue
Woodhaven, NY 11421
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 1.10% 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

Community Federal Savings Bank is an FDIC insured institution located in Woodhaven, NY. It was founded in 2001 and has approximately $0.19 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57129
Date Established 2001
Assets $ 186.30 million
Loans $ 127.77 million
Deposits $ 166.33 million
Capital $ 18.69 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
Online 5-Year CD
1.10% $500 - Learn More


Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Community Federal Savings 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 2020

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Payment
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1Rate, Inc
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License#: MC-7051
2.444% 2.375% 0.88 $2,304 $972 Learn More
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NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
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2.664% 2.625% 0.50 $1,285 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to Community Federal Savings Bank
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Branches

Community 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:
Ashburn,Virginia


Community Federal Savings Bank Locations


Financial Details

Community Federal Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community 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
Community Federal Savings Bank U.S. Bank Average
13.65% 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, Community Federal Savings Bank had $2,707,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,690,000 in equity and $1,136,000 in loans loss reserves. That gives it a Texas Ratio of 13.65%.

Return on Equity
Community Federal Savings Bank U.S. Bank Average
8.18% 7.80%

Community Federal Savings Bank has a Return on Equity of 8.18% 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
Community Federal Savings Bank U.S. Bank Average
10.03% 12.68%

Community Federal Savings Bank has a Capitalization of 10.03% 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.

Community Federal Savings Bank Balance Sheet Analysis

As of March 31, 2020, Community Federal Savings Bank had assets of $186,300,000, loans of $127,771,000, and deposits of $166,328,000. 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 $ 45.37 million
Interest-bearing balances $ 44.81 million
Total securities $ 9.94 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 127.77 million
Loan loss allowance $ 1.14 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 $ 2.47 million
     Total Assets $ 167.61 million
LIABILITIES
Total deposits $ 166.33 million
      Interest-bearing deposits $ 88.51 million
      Deposits held in domestic offices $ 166.33 million
      % insured (estimated) 56.22%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.28 million
      Total Liabilities $ 167.61 million
      Shareholders’ Equity $ 18.69 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.90 million
Total Interest Expense $ 0.44 million
Net interest income $ 1.46 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 1.99 million
Total non interest expense $ 2.93 million
Pre-tax Net Operating Income $ 0.38 million

Bank Loan Profile?

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

Compared to other banks in New York, Community Federal Savings Bank 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 24.27
Multifamily
Mortgages
45.35
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 5.08
Construction and Development Loans 6.54
Commercial Real Estate 9.49
Commercial and Industrial Loans 5.80
Farm Loans 0.00

Frequently Asked Questions About Community Federal Savings Bank

Branches and Savings

Is Community Federal Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57129.

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

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

Is Community Federal Savings Bank a commercial bank?

Yes

Where are Community Federal Savings Bank locations?

See branch locations nearby.

Is Community Federal Savings Bank open on Saturdays?

Is Community Federal Savings Bank open on Sundays?

What time does Community Federal Savings Bank open?

What time does Community Federal Savings Bank close?

Are Community Federal Savings Bank ATMs Open 24/7?

Do Community Federal Savings Bank ATMs accept cash deposits?

Can Community Federal Savings Bank customers use other ATMs?

Do Community Federal Savings Bank branches have notaries?

Will Community Federal Savings Bank notarize my document?

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

Will the Community Federal Savings Bank branch print checks?

Do Community Federal Savings Bank checks expire?

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

Can Community Federal Savings Bank close my account?

Does Community Federal Savings Bank Report to credit bureaus?

Does Community Federal Savings Bank Use Equifax?

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

What is Community Federal Savings Bank's SWIFT code?

Products

Does Community Federal Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community Federal Savings Bank offer personal loans?

Compare personal loan rates here.

Does Community Federal Savings Bank offer student loans?

Will Community Federal Savings Bank cash a check?

Will Community Federal Savings Bank redeem a savings bond?

Does Community Federal Savings Bank cash savings bonds?

Will Community Federal Savings Bank cash money orders?

Can Community Federal Savings Bank issue a money order?

Does Community Federal Savings Bank do currency exchange?

Background on The Bank

Who owns Community Federal Savings Bank?

How long has Community Federal Savings Bank been around?

Can Community Federal Savings Bank transfer to other banks?

Does Community Federal Savings Bank have quick pay?

Does Community Federal Savings Bank accept rolled coins?

Will Community Federal Savings Bank accept loose change?

Where is Community Federal Savings Bank headquarters?

Customer Reviews for Community Federal Savings Bank


  • June 17, 2020

    Online CDs 12 Month Rates

    Confirmed - NOT an online bank!
    Emailed CFSB, response:
    Thanks for your email. Unfortunately, we do not open accounts online and we currently offer only account opening at our branches in New York.
    Thank You
    N. Manbodh

    Natasha Manbodh
    Branch Operational Manager
    Community Federal Savings Bank
    89-16 Jamaica Ave,
    Woodhaven N.Y. 11421

  • June 16, 2020

    Online CDs 12 Month Rates

    Seems this is NOT an online bank. Website reveals no ability to open accounts online. Perhaps they offer an online presence under a different name?

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