Arundel Federal Savings Bank is headquartered in Glen Burnie and is the 16st largest bank in the state of Maryland. It is also the 1,418st largest bank in the nation. It was established in 1906 and as of September of 2013, it had grown to 76 employees at 7 locations. Arundel Federal Savings Bank's savings rates are 8X the national average, and it has a B+ health rating.
Data for Q3 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Arundel Federal Savings Bank had $2.52 million in non-current loans and owned real-estate with $59.88 million in equity and loan loss allowances on hand to cover it. This gives Arundel Federal Savings Bank a Texas Ratio of 4.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Arundel Federal Savings Bank held steady from 2.30% as of September 30, 2012 to 4.21% as of September 30, 2013, resulting in a negative change of 82.61%. This indicates that the balance sheet and financial strength for Arundel Federal Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Arundel Federal Savings Bank has decreased its total deposits by -$13.88 million, resulting in -3.28% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Arundel Federal Savings Bank has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Arundel Federal Savings Bank has $471.29 million in assets with $59.88 million in equity, resulting in a capitalization level of 12.71%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 28780 |
| Year Established | 1906 |
| Employees | 76 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $471.29 million |
| Loans | $253.51 million |
| Deposits | $409.48 million |
| Equity Capital | $59.26 million |
| Loan Loss Allowance | $625,000 |
| Unbacked Noncurrent Loans | $2.52 million |
| Real Estate Owned | $0 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $482.99 million |
| Equity Capital | $57.19 million |
| Loan Loss Allowance | $564,000 |
| Unbacked Noncurrent Loans | $2.52 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 2.55% |
| Return on Assets | 0.43% |
| Return on Equity | 3.47% |
| Interest Income | $12.14 million |
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Arundel Federal Savings Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 3.95% | - | $2,500 | Goal Maker Savings | |
| 0.45% | - | - | Christmas Club | |
| 0.12% | $50 | - | Statement Savings | |
| 0.12% | $250 | - | Senior Rewards 55 Savings |
Arundel Federal Savings Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.23% | $50k | - | Money Market Savings Account | |
| 0.18% | $50k | - | Money Market Checking Account |
Arundel Federal Savings Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.12% | $1k | - | Super NOW Account | |
| 0.08% | $250 | - | NOW Account | |
| 0.08% | $250 | - | Senior Rewards 55 Checking |
Arundel Federal Savings Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.45% | $10k | - | 84 Month CD | |
| 1.35% | $10k | - | 60 Month CD | |
| 1.05% | $10k | - | 48 Month CD | |
| 0.95% | $5k | - | 36 Month Bump-Up CD | |
| 0.60% | $10k | - | 24 Month CD | |
| 0.60% | $500 | - | 13 Month Relationship Rewards CD | |
| 0.50% | $10k | - | 18 Month CD | |
| 0.40% | $25k | - | 12 Month CD | |
| 0.35% | $10k | - | 9 Month CD Special | |
| 0.25% | $1k | - | 6 Month CD |
Arundel Federal Savings Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.45% | $10k | - | 84 Month IRA | |
| 1.35% | $10k | - | 60 Month IRA | |
| 1.05% | $10k | - | 48 Month IRA | |
| 0.95% | $5k | - | 36 Month Bump-Up IRA | |
| 0.60% | $10k | - | 24 Month IRA | |
| 0.50% | $10k | - | 18 Month IRA | |
| 0.40% | $25k | - | 12 Month IRA | |
| 0.25% | $1k | - | 6 Month IRA |
| Arundel Federal Savings Bank Locations | ||
|---|---|---|
| Gambrills Branch | 1049 Md Rte 3 North | Gambrills, MD 21054 |
| 2661 Riva Road Branch | 2661 Riva Road | Annapolis, MD 21401 |
| Brooklyn Branch | 333 E Patapsco Ave | Baltimore, MD 21225 |
| Mountain Road Branch | 4179 Mountain Rd | Pasadena, MD 21122 |
| Severna Park Branch | 598 Benfield Rd | Severna Park, MD 21146 |
| 655 Crain Highway S Branch | 655 Crain Highway S | Glen Burnie, MD 21061 |
| Arundel Federal Savings Bank | 655 Crain Highway, S | Glen Burnie, MD 21061 |