Family Federal Savings, F.A.

130 Whalon Street
Fitchburg, MA 01420

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29962
Date Established 1877
Assets $0.10 billion
Loans $0.07 billion
Deposits $0.09 billion
Capital $0.01 billion

Family Federal Savings, F.A. is an FDIC insured institution located in Fitchburg, MA. It was founded in 1877 and has approximately $0.1 billion in assets. Customers can open an account at one of its 3 branches.

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

Bank Loan Profile?

The top three loan types in Family Federal Savings, F.A.’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Multifamily Mortgages.

Compared to other banks in Massachusetts, Family Federal Savings, F.A. 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 99.07
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.16
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Deposit Rates - November 21, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1,000 - Learn MoreShow Less
CD Rates APY MIN MAX

Checking Rates APY MIN FEE
Free i-Checking 0.00% $0 $0.00 Learn MoreShow Less
i-Checking 0.05% $0 $10.00 Learn MoreShow Less

Loan Rates - November 21, 2018

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.49% 2.49% $721.42
5 Year 2.49% 2.49% $443.57
6 Year 2.49% 2.49% $374.16
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Family Federal Savings, F.A. 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


Family Federal Savings, F.A. Locations

Financial Details

Family Federal Savings, F.A. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Family Federal Savings, F.A.. 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
Family Federal Savings, F.A. U.S. Bank Average
6.01% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Family Federal Savings, F.A. had $697,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $11,184,000 in equity and $419,000 in loans loss reserves. That gives it a Texas Ratio of 6.01%.

Return on Equity
Family Federal Savings, F.A. U.S. Bank Average
0.98% 9.77%

Family Federal Savings, F.A. has a Return on Equity of 0.98% versus the BestCashCow average of 9.77%. 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
Family Federal Savings, F.A. U.S. Bank Average
11.25% 12.31%

Family Federal Savings, F.A. has a Capitalization of 11.25% versus the BestCashCow average of 12.31. 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.

Family Federal Savings, F.A. Balance Sheet Analysis

As of June 30, 2018, Family Federal Savings, F.A. had assets of $99,396,000, loans of $67,754,000, and deposits of $85,607,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.09 billion
LIABILITIES
Total deposits $0.09 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.09 billion
      % insured (estimated) 94.39%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.09 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Family Federal Savings, F.a.

Branches and Savings

Is Family Federal Savings, F.a. FDIC insured?

Yes. It is covered under FDIC Certificate #29962.

Why does Family Federal Savings, F.a. pay such low interest on savings accounts?

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

Why are Family Federal Savings, F.a. CD rates not competitive?

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

Is Family Federal Savings, F.a. a commercial bank?

Yes

Where are Family Federal Savings, F.a. locations?

See branch locations nearby.

Is Family Federal Savings, F.a. open on Saturdays?

Is Family Federal Savings, F.a. open on Sundays?

What time does Family Federal Savings, F.a. open?

What time does Family Federal Savings, F.a. close?

Are Family Federal Savings, F.a. ATMs Open 24/7?

Do Family Federal Savings, F.a. ATMs accept cash deposits?

Can Family Federal Savings, F.a. customers use other ATMs?

Do Family Federal Savings, F.a. branches have notaries?

Will Family Federal Savings, F.a. notarize my document?

What address for Family Federal Savings, F.a. should I put for incoming ACH transfers?

Will the Family Federal Savings, F.a. branch print checks?

Do Family Federal Savings, F.a. checks expire?

Does Family Federal Savings, F.a. require US citizenship to open account?

Can Family Federal Savings, F.a. close my account?

Does Family Federal Savings, F.a. Report to credit bureaus?

Does Family Federal Savings, F.a. Use Equifax?

What is Family Federal Savings, F.a.'s ACH Routing Number?

What is Family Federal Savings, F.a.'s SWIFT code?

Products

Does Family Federal Savings, F.a. offer mortgages?

Compare mortgage rates here.

Does Family Federal Savings, F.a. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Family Federal Savings, F.a. offer personal loans?

Compare personal loan rates here.

Does Family Federal Savings, F.a. offer student loans?

Will Family Federal Savings, F.a. cash a check?

Will Family Federal Savings, F.a. redeem a savings bond?

Does Family Federal Savings, F.a. cash savings bonds?

Will Family Federal Savings, F.a. cash money orders?

Can Family Federal Savings, F.a. issue a money order?

Does Family Federal Savings, F.a. do currency exchange?

Background on The Bank

Who owns Family Federal Savings, F.a.?

How long has Family Federal Savings, F.a. been around?

Can Family Federal Savings, F.a. transfer to other banks?

Does Family Federal Savings, F.a. have quick pay?

Does Family Federal Savings, F.a. accept rolled coins?

Will Family Federal Savings, F.a. accept loose change?

Where is Family Federal Savings, F.a. headquarters?

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