First Commons Bank, National Association

Headquarters

718 Beacon Street
Newton Center, MA 02459
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Commons Bank, National Association is an FDIC insured institution located in Newton Center, MA. It was founded in 2009 and has approximately $0.32 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58923
Date Established 2009
Assets $ 311.44 million
Loans $ 263.92 million
Deposits $ 282.77 million
Capital $ 35.52 million
 

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

Deposit Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

CD Rates APY MIN MAX
18 Month CD
1.15% $50,000 - Learn More

 

Loan Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Commons Bank, National Association

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.359% 3.250%
0.88 points
$3,438 fees
$1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First Commons Bank, National Association
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Branches

First Commons Bank, National Association 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


First Commons Bank, National Association Locations


Financial Details

First Commons Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Commons Bank, National Association. 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
First Commons Bank, National Association U.S. Bank Average
0% 5.29%

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, 2021, First Commons Bank, National Association had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $35,523,000 in equity and $2,551,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First Commons Bank, National Association U.S. Bank Average
7% 11.43%

First Commons Bank, National Association has a Return on Equity of 7% versus the BestCashCow average of 11.43%. 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
First Commons Bank, National Association U.S. Bank Average
11.41% 11.51%

First Commons Bank, National Association has a Capitalization of 11.41% versus the BestCashCow average of 11.51. 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.

First Commons Bank, National Association Balance Sheet Analysis

As of December 31, 2017, First Commons Bank, National Association had assets of $324,809,000, loans of $263,920,000, and deposits of $282,773,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 23.19 million
Interest-bearing balances $ 19.93 million
Total securities $ 31.94 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 263.92 million
Loan loss allowance $ 2.55 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.02 million
All other assets $ 5.17 million
     Total Assets $ 289.29 million
LIABILITIES
Total deposits $ 282.77 million
      Interest-bearing deposits $ 229.14 million
      Deposits held in domestic offices $ 282.77 million
      % insured (estimated) 72.42%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 1.51 million
      Total Liabilities $ 289.29 million
      Shareholders’ Equity $ 22.15 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 14.03 million
Total Interest Expense $ 2.65 million
Net interest income $ 11.39 million
Provision for loan and lease losses $ 0.04 million
Total non interest income $ 0.34 million
Total non interest expense $ 7.80 million
Pre-tax Net Operating Income $ 3.89 million

Bank Loan Profile?

The top three loan types in First Commons Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Massachusetts, First Commons Bank, National Association has a significantly higher percent of Small Business Loans, Construction and Development 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 49.76
Multifamily
Mortgages
10.66
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 8.20
Construction and Development Loans 11.48
Commercial Real Estate 18.60
Commercial and Industrial Loans 10.46
Farm Loans 0.00

Frequently Asked Questions About First Commons Bank, National Association

Branches and Savings

Is First Commons Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #58923.

Why does First Commons Bank, National Association pay such low interest on savings accounts?

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

Why are First Commons Bank, National Association CD rates not competitive?

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

Is First Commons Bank, National Association a commercial bank?

Yes

Where are First Commons Bank, National Association locations?

See branch locations nearby.

Is First Commons Bank, National Association open on Saturdays?

Is First Commons Bank, National Association open on Sundays?

What time does First Commons Bank, National Association open?

What time does First Commons Bank, National Association close?

Are First Commons Bank, National Association ATMs Open 24/7?

Do First Commons Bank, National Association ATMs accept cash deposits?

Can First Commons Bank, National Association customers use other ATMs?

Do First Commons Bank, National Association branches have notaries?

Will First Commons Bank, National Association notarize my document?

What address for First Commons Bank, National Association should I put for incoming ACH transfers?

Will the First Commons Bank, National Association branch print checks?

Do First Commons Bank, National Association checks expire?

Does First Commons Bank, National Association require US citizenship to open account?

Can First Commons Bank, National Association close my account?

Does First Commons Bank, National Association Report to credit bureaus?

Does First Commons Bank, National Association Use Equifax?

What is First Commons Bank, National Association's ACH Routing Number?

What is First Commons Bank, National Association's SWIFT code?

Products

Does First Commons Bank, National Association offer mortgages?

Compare mortgage rates here.

Does First Commons Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Commons Bank, National Association offer personal loans?

Compare personal loan rates here.

Does First Commons Bank, National Association offer student loans?

Will First Commons Bank, National Association cash a check?

Will First Commons Bank, National Association redeem a savings bond?

Does First Commons Bank, National Association cash savings bonds?

Will First Commons Bank, National Association cash money orders?

Can First Commons Bank, National Association issue a money order?

Does First Commons Bank, National Association do currency exchange?

Background on The Bank

Who owns First Commons Bank, National Association?

How long has First Commons Bank, National Association been around?

Can First Commons Bank, National Association transfer to other banks?

Does First Commons Bank, National Association have quick pay?

Does First Commons Bank, National Association accept rolled coins?

Will First Commons Bank, National Association accept loose change?

Where is First Commons Bank, National Association headquarters?

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