First Federal Savings of Middletown

Headquarters

22 James Street
Middletown, NY 10940
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 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

First Federal Savings of Middletown is an FDIC insured institution located in Middletown, NY. It was founded in 1888 and has approximately $0.15 billion in assets.

FDIC Insured Yes
FDIC Certificate # 28712
Date Established 1888
Assets $ 151.96 million
Loans $ 64.19 million
Deposits $ 87.38 million
Capital $ 54.95 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101


Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for First Federal Savings of Middletown

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

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License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
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2.830% 2.750% 0.63 $2,622 $1,021 Learn More
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NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to First Federal Savings of Middletown
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Branches

First Federal Savings of Middletown 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:
Seattle,Washington


First Federal Savings of Middletown Locations


Financial Details

First Federal Savings of Middletown Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Federal Savings of Middletown. 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 Federal Savings of Middletown U.S. Bank Average
0% 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, First Federal Savings of Middletown had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $54,945,000 in equity and $673,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First Federal Savings of Middletown U.S. Bank Average
1.03% 7.80%

First Federal Savings of Middletown has a Return on Equity of 1.03% 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
First Federal Savings of Middletown U.S. Bank Average
36.16% 12.68%

First Federal Savings of Middletown has a Capitalization of 36.16% 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.

First Federal Savings of Middletown Balance Sheet Analysis

As of March 31, 2020, First Federal Savings of Middletown had assets of $151,963,000, loans of $64,187,000, and deposits of $87,377,000. 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 $ 44.80 million
Interest-bearing balances $ 43.65 million
Total securities $ 39.81 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 64.19 million
Loan loss allowance $ 0.67 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 $ 2.96 million
     Total Assets $ 97.02 million
LIABILITIES
Total deposits $ 87.38 million
      Interest-bearing deposits $ 85.08 million
      Deposits held in domestic offices $ 87.38 million
      % insured (estimated) 83.83%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.50 million
Subordinated debt N.A.
All other liabilities $ 7.14 million
      Total Liabilities $ 97.02 million
      Shareholders’ Equity $ 54.95 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.34 million
Total Interest Expense $ 0.22 million
Net interest income $ 1.12 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.01 million
Total non interest expense $ 0.85 million
Pre-tax Net Operating Income $ 0.18 million

Bank Loan Profile?

The top three loan types in First Federal Savings of Middletown’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Multifamily Mortgages.

Compared to other banks in New York, First Federal Savings of Middletown has a significantly higher percent of Multifamily Mortgages, 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 9.07
Multifamily
Mortgages
26.02
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 27.21
Commercial Real Estate 38.75
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About First Federal Savings Of Middletown

Branches and Savings

Is First Federal Savings Of Middletown FDIC insured?

Yes. It is covered under FDIC Certificate #28712.

Why does First Federal Savings Of Middletown pay such low interest on savings accounts?

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

Why are First Federal Savings Of Middletown CD rates not competitive?

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

Is First Federal Savings Of Middletown a commercial bank?

Yes

Where are First Federal Savings Of Middletown locations?

See branch locations nearby.

Is First Federal Savings Of Middletown open on Saturdays?

Is First Federal Savings Of Middletown open on Sundays?

What time does First Federal Savings Of Middletown open?

What time does First Federal Savings Of Middletown close?

Are First Federal Savings Of Middletown ATMs Open 24/7?

Do First Federal Savings Of Middletown ATMs accept cash deposits?

Can First Federal Savings Of Middletown customers use other ATMs?

Do First Federal Savings Of Middletown branches have notaries?

Will First Federal Savings Of Middletown notarize my document?

What address for First Federal Savings Of Middletown should I put for incoming ACH transfers?

Will the First Federal Savings Of Middletown branch print checks?

Do First Federal Savings Of Middletown checks expire?

Does First Federal Savings Of Middletown require US citizenship to open account?

Can First Federal Savings Of Middletown close my account?

Does First Federal Savings Of Middletown Report to credit bureaus?

Does First Federal Savings Of Middletown Use Equifax?

What is First Federal Savings Of Middletown's ACH Routing Number?

What is First Federal Savings Of Middletown's SWIFT code?

Products

Does First Federal Savings Of Middletown offer mortgages?

Compare mortgage rates here.

Does First Federal Savings Of Middletown offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Federal Savings Of Middletown offer personal loans?

Compare personal loan rates here.

Does First Federal Savings Of Middletown offer student loans?

Will First Federal Savings Of Middletown cash a check?

Will First Federal Savings Of Middletown redeem a savings bond?

Does First Federal Savings Of Middletown cash savings bonds?

Will First Federal Savings Of Middletown cash money orders?

Can First Federal Savings Of Middletown issue a money order?

Does First Federal Savings Of Middletown do currency exchange?

Background on The Bank

Who owns First Federal Savings Of Middletown?

How long has First Federal Savings Of Middletown been around?

Can First Federal Savings Of Middletown transfer to other banks?

Does First Federal Savings Of Middletown have quick pay?

Does First Federal Savings Of Middletown accept rolled coins?

Will First Federal Savings Of Middletown accept loose change?

Where is First Federal Savings Of Middletown headquarters?

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