Maritime Savings Bank

Headquarters

10427 West Lincoln Avenue
West Allis, WI 53227
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

Maritime Savings Bank is an FDIC insured institution located in West Allis, WI. It was founded in 1912 and has approximately $0.35 billion in assets.

Maritime Savings Bank, West Allis, Wisconsin, was closed September 17, 2010 by Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with North Shore Bank, FSB, Brookfield, Wisconsin, to assume all of the deposits of Maritime Savings Bank.

FDIC Insured Yes
FDIC Certificate # 28612
Date Established 1912
Assets $ 378.94 million
Loans $ 263.47 million
Deposits $ 263.86 million
Capital $ 13.56 million
 

For a more detailed analysis of Maritime Savings 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: Virginia, VA 20146


Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Maritime Savings Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Maritime Savings Bank
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Branches

Maritime Savings 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:
Ashburn,Virginia


Maritime Savings Bank Locations


Financial Details

Maritime Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Maritime Savings 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
Maritime Savings Bank U.S. Bank Average
166.36% 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, Maritime Savings Bank had $30,932,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $13,557,000 in equity and $5,036,000 in loans loss reserves. That gives it a Texas Ratio of 166.36%.

Return on Equity
Maritime Savings Bank U.S. Bank Average
-83.34% 7.80%

Maritime Savings Bank has a Return on Equity of -83.34% 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
Maritime Savings Bank U.S. Bank Average
3.58% 12.68%

Maritime Savings Bank has a Capitalization of 3.58% 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.

Maritime Savings Bank Balance Sheet Analysis

As of November 30, -0001, Maritime Savings Bank had assets of $350,488,000, loans of $263,472,000, and deposits of $263,864,000. 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 $ 263.47 million
Loan loss allowance $ 5.04 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 263.86 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 $ 378.94 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 Maritime Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Maritime Savings 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 Maritime Savings Bank

Branches and Savings

Is Maritime Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28612.

Why does Maritime Savings Bank pay such low interest on savings accounts?

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

Why are Maritime Savings Bank CD rates not competitive?

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

Is Maritime Savings Bank a commercial bank?

Yes

Where are Maritime Savings Bank locations?

See branch locations nearby.

Is Maritime Savings Bank open on Saturdays?

Is Maritime Savings Bank open on Sundays?

What time does Maritime Savings Bank open?

What time does Maritime Savings Bank close?

Are Maritime Savings Bank ATMs Open 24/7?

Do Maritime Savings Bank ATMs accept cash deposits?

Can Maritime Savings Bank customers use other ATMs?

Do Maritime Savings Bank branches have notaries?

Will Maritime Savings Bank notarize my document?

What address for Maritime Savings Bank should I put for incoming ACH transfers?

Will the Maritime Savings Bank branch print checks?

Do Maritime Savings Bank checks expire?

Does Maritime Savings Bank require US citizenship to open account?

Can Maritime Savings Bank close my account?

Does Maritime Savings Bank Report to credit bureaus?

Does Maritime Savings Bank Use Equifax?

What is Maritime Savings Bank's ACH Routing Number?

What is Maritime Savings Bank's SWIFT code?

Products

Does Maritime Savings Bank offer mortgages?

Compare mortgage rates here.

Does Maritime Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Maritime Savings Bank offer personal loans?

Compare personal loan rates here.

Does Maritime Savings Bank offer student loans?

Will Maritime Savings Bank cash a check?

Will Maritime Savings Bank redeem a savings bond?

Does Maritime Savings Bank cash savings bonds?

Will Maritime Savings Bank cash money orders?

Can Maritime Savings Bank issue a money order?

Does Maritime Savings Bank do currency exchange?

Background on The Bank

Who owns Maritime Savings Bank?

How long has Maritime Savings Bank been around?

Can Maritime Savings Bank transfer to other banks?

Does Maritime Savings Bank have quick pay?

Does Maritime Savings Bank accept rolled coins?

Will Maritime Savings Bank accept loose change?

Where is Maritime Savings Bank headquarters?

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