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

Carthage Federal Savings and Loan Association

Carthage Federal Savings and Loan Association Locations
313 State St
Carthage, NY 13619
800-232-0450
www.carthagesavings.com

Carthage Federal Savings and Loan Association is headquartered in Carthage and is the 136th largest bank in the state of New York. It is also the 3,573rd largest bank in the nation. It was established in 1888 and as of September of 2011, it had grown to 34 employees at 4 locations. Carthage Federal Savings and Loan Association has a 5-star health rating.

Related Posts

High Interest Checking without Debit Card Requirements at Carthage Federal in NY - Local Only - 7/16/2010

If you want a high-yield (relatively speaking) from a checking account these days, you typically have to rely on a reward checking account which requires monthly debit card usage. There are a few exce ...



Report an Issue
See Rates for: Checking | Savings | Money Market | CD | IRA

Carthage Federal Savings and Loan Association Checking Account Rates

ApyMinMaxProduct
0.50%$2,500$25kHigh Interest Checking
0.10%--50+ Free Interest Checking
0.10%--VIP Free Interest Checking
0.00%--Totally Free Checking

Carthage Federal Savings and Loan Association Savings Account Rates

ApyMinMaxProduct
0.10%--Statement
0.10%--Passbook
0.10%--Christmas Club

Carthage Federal Savings and Loan Association Money Market Rates

ApyMinMaxProduct
0.50%$40k$10mMoney Market Account

Carthage Federal Savings and Loan Association CD Rates

ApyMinMaxProduct
1.50%$500-60 Month CD (One Time Rate Change Option)
1.50%$500-72 Month CD
1.35%$500-48 Month CD
1.20%$500-36 Month CD
0.75%$500-24 Month CD
0.50%$2,500-6 Month CD
0.50%$500-12 Month CD
0.50%$500-18 Month CD
0.50%$500-30 Month CD
0.50%$500-31 Month CD (One Time Rate Change Option)
0.50%$500-15 Month CD Special

Carthage Federal Savings and Loan Association IRA Rates

ApyMinMaxProduct
1.50%$500-60 Month IRA (One Time Rate Change Option)
1.50%$500-72 Month IRA
1.35%$500-48 Month IRA
1.20%$500-36 Month IRA
0.75%$500-24 Month IRA
0.50%$2,500-6 Month IRA
0.50%$500-12 Month IRA
0.50%$500-18 Month IRA
0.50%$500-30 Month IRA
0.50%$500-31 Month IRA (One Time Rate Change Option)
0.50%$500-15 Month IRA Special

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Carthage Federal Savings and Loan Association
OTS #02657
FDIC Certificate #28942
BankRate ReportView
Year Established1888
Employees34
Primary RegulatorOCC

Assets and Liabilities

Assets$167.58 million
Loans$143.51 million
Deposits$142.87 million
Equity Capital$15.82 million
Loan Loss Allowance$556,000
Unbacked Noncurrent Loans$392,000
Real Estate Owned$40,000

Historic Data - September 2010

Assets$165.27 million
Equity Capital$14.67 million
Loan Loss Allowance$491,000
Unbacked Noncurrent Loans$255,000
Real Estate Owned$152,000

Profit Margin - Quarterly

Net Interest Margin3.44%
Return on Assets0.84%
Return on Equity9.22%
Interest Income$6.06 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2011 Carthage Federal Savings and Loan Association had $432,000 in non-current loans and owned real-estate with $16.37 million in equity and loan loss allowances on hand to cover it. This gives Carthage Federal Savings and Loan Association a Texas Ratio of 2.64% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Carthage Federal Savings and Loan Association decreased slightly from 3.75% as of September 30, 2010 to 2.64% as of September 30, 2011, resulting in a positive change of 29.57%.This indicates that the balance sheet and financial strength for Carthage Federal Savings and Loan Association has improved slightly in recent periods.
Deposit Growth4
In the past year, Carthage Federal Savings and Loan Association has increased its total deposits by $3.23 million, resulting in 2.31% 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 Carthage Federal Savings and Loan Association has shown is above average.
Capitalization3
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. Carthage Federal Savings and Loan Association has $167.58 million in assets with $16.37 million in equity, resulting in a capitalization level of 9.77%, which is average.
Write Review

Moved 40 Miles From The Closest Branch, I Kept All Of My Accounts With CFS&L.
5 stars - thisisk - Wednesday, May 25, 2011 - 1:04 PM

Everyone at every branch always goes above and far beyond to make business with them pleasent.  Great tellers, great loan department.  Very competent people.  They never make mistakes.  Even after I moved 40 miles from the closest branch, I kept all of my accounts with CFS&L.

1
 
Featured Savings Account
Nationwide Savings Accounts