Community Federal Savings Bank

Headquarters

89-16 Jamaica Avenue
Woodhaven, NY 11421
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.85% →
2-Year CD 0.35% 0.80% →
5-Year CD 0.55% 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

Community Federal Savings Bank is an FDIC insured institution located in Woodhaven, NY. It was founded in 2001 and has approximately $0.73 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57129
Date Established 2001
Assets $ 730.44 million
Loans $ 483.37 million
Deposits $ 291.82 million
Capital $ 33.41 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 - December 8, 2021

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
Online 2-Year CD
0.35% $500 - Learn More
Online 5-Year CD
0.55% $500 - Learn More

 

Loan Rates - December 8, 2021

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 2021

Lender APR Rate (%) Monthly
Payment
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CIT Bank
NMLS ID: 541760
3.045% 2.975%
0.88 points
$2,232 fees
$1,051 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
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Flagstar Bank-Heloc
Flagstar Bank-Heloc
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4.990 %
$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



Climate Initiatives

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

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
5.52% 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, Community Federal Savings Bank had $1,918,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $33,412,000 in equity and $1,303,000 in loans loss reserves. That gives it a Texas Ratio of 5.52%.

Return on Equity
Community Federal Savings Bank U.S. Bank Average
12.21% 11.29%

Community Federal Savings Bank has a Return on Equity of 12.21% 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
Community Federal Savings Bank U.S. Bank Average
4.57% 11.72%

Community Federal Savings Bank has a Capitalization of 4.57% 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.

Community Federal Savings Bank Balance Sheet Analysis

As of June 30, 2021, Community Federal Savings Bank had assets of $730,443,000, loans of $483,369,000, and deposits of $291,818,000. 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 $ 223.54 million
Interest-bearing balances $ 223.11 million
Total securities $ 14.42 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 483.37 million
Loan loss allowance $ 1.30 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 $ 8.47 million
     Total Assets $ 697.03 million
LIABILITIES
Total deposits $ 291.82 million
      Interest-bearing deposits $ 87.30 million
      Deposits held in domestic offices $ 291.82 million
      % insured (estimated) 33.85%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 399.79 million
Subordinated debt N.A.
All other liabilities $ 5.42 million
      Total Liabilities $ 697.03 million
      Shareholders’ Equity $ 33.41 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 5.33 million
Total Interest Expense $ 1.15 million
Net interest income $ 4.18 million
Provision for loan and lease losses $ 0.17 million
Total non interest income $ 5.78 million
Total non interest expense $ 7.98 million
Pre-tax Net Operating Income $ 1.81 million

Bank Loan Profile?

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

Compared to other banks in New York, Community Federal Savings Bank has a significantly higher percent of 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 5.50
Multifamily
Mortgages
9.49
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.13
Construction and Development Loans 0.51
Commercial Real Estate 1.86
Commercial and Industrial Loans 81.48
Farm Loans 0.00

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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