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75 West 125th Street at Lenox Avenue
New York, NY 10027

Founded on November 5, 1948, and named for agricultural researcher and scientist George Washington Carver, Carver formally began operations on 125th Street in Harlem, providing local residents a place to save and obtain mortgages to buy homes in their own communities on January 5, 1949. Now the largest African-American and Caribbean-American led bank in the United States, Carver continues its mission, providing banking services and by investing in its most precious resource, its customers. Carver channels its capital resources into underserved neighborhoods, investing over 80% of its deposits into the neighborhoods it serves.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Carver Federal Savings Bank had $18.92 million in non-current loans and owned real-estate with $69.49 million in equity and loan loss allowances on hand to cover it. This gives Carver Federal Savings Bank a Texas Ratio of 27.23% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Carver Federal Savings Bank decreased dramatically from 59.95% as of March 31, 2013 to 27.23% as of March 31, 2014, resulting in a positive change of 54.58%.This indicates that the balance sheet and financial strength for Carver Federal Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Carver Federal Savings Bank has increased its total deposits by $14.77 million, resulting in 2.94% 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 Carver Federal Savings Bank has shown is above average.



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. Carver Federal Savings Bank has $641.92 million in assets with $69.49 million in equity, resulting in a capitalization level of 10.83%, which is above average.

Institution Statistics

FDIC Certificate #30394
Year Established1948
Primary RegulatorOCC
Assets and Liabilities
Assets$641.93 million
Loans$387.73 million
Deposits$516.93 million
Equity Capital$62.26 million
Loan Loss Allowance$7.23 million
Unbacked Noncurrent Loans$17.55 million
Real Estate Owned$1.37 million
Historic Data - March 2013
Assets$638.93 million
Equity Capital$66.12 million
Loan Loss Allowance$10.99 million
Unbacked Noncurrent Loans$17.55 million
Real Estate Owned$2.39 million
Profit Margin - Quarterly
Net Interest Margin3.33%
Return on Assets-0.1%
Return on Equity-1%
Interest Income$5.94 million

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Carver Federal Savings Bank Locations
Crown Heights Branch1009 Nostrand AvenueBrooklyn, NY 11225
St. Albans Branch115-02 Merrick BlvdJamaica, NY 11434
Bedford-Stuyvesant Branch1392 Futlon StreetBrooklyn, NY 11216
Malcolm X Boulevard Branch142 Malcolm X BoulevardNew York, NY 10026
Jamaica Center Branch158 45 Archer AveJamaica, NY 11433
Pathmark Branch160 East 125 StreetNew York, NY 10027
Bradhurst Branch300 West 145th StreetNew York, NY 10039
Atlantic Terminal Branch4 Hanson PlaceBrooklyn, NY 11217
Carver Federal Savings Bank75 West 125th StreetNew York, NY 10027
Flatbush Branch833 Flatbush AvenueBrooklyn, NY 11226