Average User Rating:
5 star rating based on 1 review.

Beacon Federal Bank

Beacon Federal Bank Locations

6611 Manlius Center Road
East Syracuse, NY 13057
(888) 256.3800
www.beaconfederal.com

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Beacon Federal Bank is headquartered in East Syracuse and is the 45^th largest bank in the state of New York. It is also the 640^th largest bank in the nation. It was established in 1953 and as of December of 2011, it had grown to 143 employees at 7 locations. Beacon Federal Bank has a 4-star health rating.

Related Posts

For Some, Beacon Federal Becomes Midsouth Bank As Of 12/2/11; NO REWARDS (Forum) - 11/15/2011

Beacon Federal Reward Checking accounts managed out of Tyler Texas branch will be converting to MidSouth Bank Advantage Consumer account as of 12/2/11. Welcome to MidSouth Bank Last statement from Beacon will be dated 12/2/11. Login

CD and Money Market Specials at Beacon Federal in Parts of TX, NY, TN & MA - 8/9/2011

Several readers became customers at Beacon Federal last year due to its high-interest reward checking account. The bank has some additional deposit deals that would be most appealing to those with lar ...

Beacon Federal CD offerings (1.6%APY 17-Mo, 1.4%APY 11-Mo) (Forum) - 7/31/2011

Minimum $10K to fund the account and at least 50% of the funds must be new money (ie: not currently on deposit at Beacon Federal). Beacon Federal has a 5-star health rating.

What Happened To Beacon Federal (RCA)?? (Forum) - 1/18/2011

OK, I admit that I am getting paranoid about RCA changes these days. First, I noticed that Ken's List no longer included Beacon Federal... because the RCA information was all gone (the commercial along with rate/requirements information). I c

2010

2009

7/23 - 2.45% 24-Month Bump-Up CD at Beacon Federal Bank - Available Nationwide

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See Rates for: Checking | CD

Beacon Federal Bank Checking Account Rates

	Apy	Min	Max	Product
	3.00%	-	$20k	Reward Checking
	1.00%	$10k	-	Extreme Checking

Beacon Federal Bank CD Rates

	Apy	Min	Max	Product
	1.34%	$2,500	-	60 Month CD
	1.19%	$2,500	-	48 Month CD
	0.90%	$2,500	-	36 Month CD
	0.80%	$2,500	-	24 Month CD
	0.70%	$2,500	-	18 Month CD
	0.50%	$2,500	-	12 Month CD
	0.35%	$2,500	-	6 Month CD

Rates updated: 5/23/2012 * Not all products updated

Data for Q4 2011

Institution Statistics

Beacon Federal
OTS #	15220
FDIC Certificate #	35329
BankRate Report	View
Year Established	1953
Employees	143
Primary Regulator	OCC
Assets and Liabilities
Assets	$1.02 billion
Loans	$775.69 million
Deposits	$686.15 million
Equity Capital	$105.27 million
Loan Loss Allowance	$12.68 million
Unbacked Noncurrent Loans	$14.15 million
Real Estate Owned	$1.88 million
Historic Data - December 2010
Assets	$1.03 billion
Equity Capital	$97.20 million
Loan Loss Allowance	$12.50 million
Unbacked Noncurrent Loans	$10.44 million
Real Estate Owned	$155,000
Profit Margin - Quarterly
Net Interest Margin	3.23%
Return on Assets	0.63%
Return on Equity	6.39%
Interest Income	$50.38 million

Institution Health

Overall Score:

4 out of 5

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 December 31, 2011 Beacon Federal Bank had $16.02 million in non-current loans and owned real-estate with $117.95 million in equity and loan loss allowances on hand to cover it. This gives Beacon Federal Bank a Texas Ratio of 13.59% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Beacon Federal Bank held steady from 9.66% as of December 31, 2010 to 13.59% as of December 31, 2011, resulting in a negative change of 40.61%. This indicates that the balance sheet and financial strength for Beacon Federal Bank has held steady in recent periods.
Deposit Growth
In the past year, Beacon Federal Bank has decreased its total deposits by $-800,000, resulting in -0.12% 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 Beacon Federal Bank has shown is 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. Beacon Federal Bank has $1.02 billion in assets with $117.95 million in equity, resulting in a capitalization level of 11.51%, which is above average.

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Beacon Federal
5 stars

5 stars

- rosie43 - Sunday, December 19, 2010 - 12:46 PM

I opened an account with Beacon Federal a few months ago. The employees have been most informed and helpful. Would recommend this account to everyone.

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