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Overview / Commentary
410-768-7800
655 Crain Highway, Se
Glen Burnie, MD 21061

Arundel Federal Savings Bank is headquartered in Glen Burnie and is the 18st largest bank in the state of Maryland. It is also the 1,426th largest bank in the nation. It was established in 1906 and as of December of 2013, it had grown to 77 employees at 7 locations. Arundel Federal Savings Bank has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 December 31, 2013 Arundel Federal Savings Bank had $1.66 million in non-current loans and owned real-estate with $60.26 million in equity and loan loss allowances on hand to cover it. This gives Arundel Federal Savings Bank a Texas Ratio of 2.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Arundel Federal Savings Bank experienced no significant changes from 2.56% as of December 31, 2012 to 2.75% as of December 31, 2013, resulting in a negative change of 7.47%. This indicates that the balance sheet and financial strength for Arundel Federal Savings Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Arundel Federal Savings Bank has decreased its total deposits by -$9.12 million, resulting in -2.2% 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 average.

Capitalization

GRADE:
A+

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 $467.53 million in assets with $60.26 million in equity, resulting in a capitalization level of 12.89%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28780
Year Established1906
Employees77
Primary RegulatorOCC
Assets and Liabilities
Assets$467.53 million
Loans$253.94 million
Deposits$405.24 million
Equity Capital$59.67 million
Loan Loss Allowance$586,000
Unbacked Noncurrent Loans$1.66 million
Real Estate Owned$0
Historic Data - December 2012
Assets$474.42 million
Equity Capital$57.72 million
Loan Loss Allowance$594,000
Unbacked Noncurrent Loans$1.66 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.56%
Return on Assets0.4%
Return on Equity3.19%
Interest Income$16.13 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Arundel Federal Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Arundel Federal Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%--Christmas Club
0.12%$50-Statement Savings
0.12%--Goal Maker Savings
0.12%$250-Senior Rewards 55 Savings

Arundel Federal Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.23%$50k-Money Market Savings Account
0.18%$50k-Money Market Checking Account

Arundel Federal Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.12%$1k-Super NOW Account
0.08%$250-NOW Account
0.08%$250-Senior Rewards 55 Checking

Arundel Federal Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
2.02%$10k-84 Month CD
2.02%$25k-60 Month CD
1.05%$25k-48 Month CD
1.00%$25k-24 Month CD
0.95%$5k-36 Month Bump-Up 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

DetailsAPYMINMAXPRODUCT
2.02%$25k-60 Month IRA
2.02%$10k-84 Month IRA
1.05%$25k-48 Month IRA
1.00%$25k-24 Month IRA
0.95%$5k-36 Month Bump-Up IRA
0.50%$10k-18 Month IRA
0.40%$25k-12 Month IRA
0.25%$1k-6 Month IRA
Locations


Arundel Federal Savings Bank Locations
Gambrills Branch1049 Md Rte 3 NorthGambrills, MD 21054
2661 Riva Road Branch2661 Riva RoadAnnapolis, MD 21401
Brooklyn Branch333 E Patapsco AveBaltimore, MD 21225
Mountain Road Branch4179 Mountain RdPasadena, MD 21122
Severna Park Branch598 Benfield RdSeverna Park, MD 21146
655 Crain Highway S Branch655 Crain Highway SGlen Burnie, MD 21061
Arundel Federal Savings Bank655 Crain Highway, SGlen Burnie, MD 21061