Foxboro Federal Savings

Headquarters

One Central St
Foxboro, MA 02035
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.40% 0.85% →
2-Year CD 0.60% 0.95% →
5-Year CD 1.00% 1.30% →
30-Year Mortgage 3.54% 2.61% →
15-Year Mortgage 3.20% 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Foxboro Federal Savings is an FDIC insured institution located in Foxboro, MA. It was founded in 1889 and has approximately $0.17 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 27918
Date Established 1889
Assets $ 167.12 million
Loans $ 118.37 million
Deposits $ 137.05 million
Capital $ 28.84 million
 

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

Deposit Rates - November 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
Special: 18 Mo CD
0.50% $1,000 - Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Completely Free Checking 0.00% $0 $0.00 Learn MoreShow Less
VIP Free Interest Checking 0.00% $0 $0.00 Learn MoreShow Less
Wall Street Checking 0.00% $1,500 $8.00 Learn MoreShow Less
 

Loan Rates - November 29, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.99% 2.99% $726.92
4 Year 2.99% 2.99% $553.25
5 Year 2.99% 2.99% $449.11
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

Foxboro Federal Savings 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


Foxboro Federal Savings Locations


Financial Details

Foxboro Federal Savings Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Foxboro Federal Savings. 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
Foxboro Federal Savings 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, Foxboro Federal Savings had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $28,837,000 in equity and $969,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Foxboro Federal Savings U.S. Bank Average
3.93% 7.80%

Foxboro Federal Savings has a Return on Equity of 3.93% 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
Foxboro Federal Savings U.S. Bank Average
17.26% 12.68%

Foxboro Federal Savings has a Capitalization of 17.26% 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.

Foxboro Federal Savings Balance Sheet Analysis

As of March 31, 2020, Foxboro Federal Savings had assets of $167,119,000, loans of $118,368,000, and deposits of $137,051,000. 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 $ 18.89 million
Interest-bearing balances $ 17.93 million
Total securities $ 23.05 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 118.37 million
Loan loss allowance $ 0.97 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 $ 6.42 million
     Total Assets $ 138.28 million
LIABILITIES
Total deposits $ 137.05 million
      Interest-bearing deposits $ 122.29 million
      Deposits held in domestic offices $ 137.05 million
      % insured (estimated) 91.98%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.23 million
      Total Liabilities $ 138.28 million
      Shareholders’ Equity $ 28.84 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.34 million
Total Interest Expense $ 0.16 million
Net interest income $ 1.18 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.17 million
Total non interest expense $ 1.02 million
Pre-tax Net Operating Income $ 0.34 million

Bank Loan Profile?

The top three loan types in Foxboro Federal Savings’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Consumer Auto Loans.

Compared to other banks in Massachusetts, Foxboro Federal Savings 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 96.92
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.19
Small Business Loans 0.00
Construction and Development Loans 2.77
Commercial Real Estate 0.01
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Foxboro Federal Savings

Branches and Savings

Is Foxboro Federal Savings FDIC insured?

Yes. It is covered under FDIC Certificate #27918.

Why does Foxboro Federal Savings pay such low interest on savings accounts?

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

Why are Foxboro Federal Savings CD rates not competitive?

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

Is Foxboro Federal Savings a commercial bank?

Yes

Where are Foxboro Federal Savings locations?

See branch locations nearby.

Is Foxboro Federal Savings open on Saturdays?

Is Foxboro Federal Savings open on Sundays?

What time does Foxboro Federal Savings open?

What time does Foxboro Federal Savings close?

Are Foxboro Federal Savings ATMs Open 24/7?

Do Foxboro Federal Savings ATMs accept cash deposits?

Can Foxboro Federal Savings customers use other ATMs?

Do Foxboro Federal Savings branches have notaries?

Will Foxboro Federal Savings notarize my document?

What address for Foxboro Federal Savings should I put for incoming ACH transfers?

Will the Foxboro Federal Savings branch print checks?

Do Foxboro Federal Savings checks expire?

Does Foxboro Federal Savings require US citizenship to open account?

Can Foxboro Federal Savings close my account?

Does Foxboro Federal Savings Report to credit bureaus?

Does Foxboro Federal Savings Use Equifax?

What is Foxboro Federal Savings's ACH Routing Number?

What is Foxboro Federal Savings's SWIFT code?

Products

Does Foxboro Federal Savings offer mortgages?

Compare mortgage rates here.

Does Foxboro Federal Savings offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Foxboro Federal Savings offer personal loans?

Compare personal loan rates here.

Does Foxboro Federal Savings offer student loans?

Will Foxboro Federal Savings cash a check?

Will Foxboro Federal Savings redeem a savings bond?

Does Foxboro Federal Savings cash savings bonds?

Will Foxboro Federal Savings cash money orders?

Can Foxboro Federal Savings issue a money order?

Does Foxboro Federal Savings do currency exchange?

Background on The Bank

Who owns Foxboro Federal Savings?

How long has Foxboro Federal Savings been around?

Can Foxboro Federal Savings transfer to other banks?

Does Foxboro Federal Savings have quick pay?

Does Foxboro Federal Savings accept rolled coins?

Will Foxboro Federal Savings accept loose change?

Where is Foxboro Federal Savings headquarters?

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