Federal Trust Bank

Headquarters

420 West First Street
Sanford, FL 32771
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

Federal Trust Bank is an FDIC insured institution located in Sanford, FL. It was founded in 1988 and has approximately $0.32 billion in assets.

FDIC Insured Yes
FDIC Certificate # 32580
Date Established 1988
Assets $ 322.13 million
Loans $ 161.17 million
Deposits $ 205.77 million
Capital $ 85.89 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Federal Trust Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Federal Trust Bank
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Branches

Federal Trust 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:
Fairfield,Connecticut


Federal Trust Bank Locations


Financial Details

Federal Trust Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Federal Trust 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
Federal Trust Bank U.S. Bank Average
36.21% 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, Federal Trust Bank had $24,006,000 in non-current loans and $10,852,000 in owned real estate. To cover these potential losses it had $85,886,000 in equity and $10,368,000 in loans loss reserves. That gives it a Texas Ratio of 36.21%.

Return on Equity
Federal Trust Bank U.S. Bank Average
-11.37% 7.80%

Federal Trust Bank has a Return on Equity of -11.37% 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
Federal Trust Bank U.S. Bank Average
26.66% 12.68%

Federal Trust Bank has a Capitalization of 26.66% 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.

Federal Trust Bank Balance Sheet Analysis

As of September 30, 2011, Federal Trust Bank had assets of $322,131,000, loans of $161,169,000, and deposits of $205,766,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 161.17 million
Loan loss allowance $ 10.37 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 10.85 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 205.77 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 322.13 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Federal Trust Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Federal Trust Bank’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
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

Frequently Asked Questions About Federal Trust Bank

Branches and Savings

Is Federal Trust Bank FDIC insured?

Yes. It is covered under FDIC Certificate #32580.

Why does Federal Trust Bank pay such low interest on savings accounts?

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

Why are Federal Trust Bank CD rates not competitive?

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

Is Federal Trust Bank a commercial bank?

Yes

Where are Federal Trust Bank locations?

See branch locations nearby.

Is Federal Trust Bank open on Saturdays?

Is Federal Trust Bank open on Sundays?

What time does Federal Trust Bank open?

What time does Federal Trust Bank close?

Are Federal Trust Bank ATMs Open 24/7?

Do Federal Trust Bank ATMs accept cash deposits?

Can Federal Trust Bank customers use other ATMs?

Do Federal Trust Bank branches have notaries?

Will Federal Trust Bank notarize my document?

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

Will the Federal Trust Bank branch print checks?

Do Federal Trust Bank checks expire?

Does Federal Trust Bank require US citizenship to open account?

Can Federal Trust Bank close my account?

Does Federal Trust Bank Report to credit bureaus?

Does Federal Trust Bank Use Equifax?

What is Federal Trust Bank's ACH Routing Number?

What is Federal Trust Bank's SWIFT code?

Products

Does Federal Trust Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Federal Trust Bank offer personal loans?

Compare personal loan rates here.

Does Federal Trust Bank offer student loans?

Will Federal Trust Bank cash a check?

Will Federal Trust Bank redeem a savings bond?

Does Federal Trust Bank cash savings bonds?

Will Federal Trust Bank cash money orders?

Can Federal Trust Bank issue a money order?

Does Federal Trust Bank do currency exchange?

Background on The Bank

Who owns Federal Trust Bank?

How long has Federal Trust Bank been around?

Can Federal Trust Bank transfer to other banks?

Does Federal Trust Bank have quick pay?

Does Federal Trust Bank accept rolled coins?

Will Federal Trust Bank accept loose change?

Where is Federal Trust Bank headquarters?

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