CFG Community Bank

CFG Community Bank Locations
3860 East Lombard Street
Baltimore, MD 21224
410-342-8303
www.cfgcommunitybank.com

CFG Community Bank is headquartered in Towson and is the 18st largest bank in the state of Maryland. It is also the 1,463rd largest bank in the nation. It was established in 1997 and as of September of 2011, it had grown to 90 employees at 3 locations. CFG Community Bank has a 5-star health rating.

CFG Community Bank Routing Number: 052073519

Related Posts

1.70% No-Penalty 9-Month CD Continues In Maryland (Forum) - 11/4/2010

CFG Community Bank continues to offer a special no-penaltly 9-month CD with a 1.70% APY as of 11/04/2010. I first reported on this special in this August post. The CD isn't listed at the bank's website. I had to call the bank for info on it. Unfortunate

Special No-Penalty 9-Month CD at CFG Community Bank in MD - Local Only - 8/11/2010

CFG Community Bank is offering some very competitive CD specials, and it also has competitive rates for its regular CDs. One of the CD specials is a 9-month no-penalty CD with a 1.70% APY. The no-pena ...


Data for Q3 2011


Institution Statistics


CFG Community Bank
FDIC Certificate #34294
BankRate ReportView
Year Established1997
Employees90
Primary RegulatorFED

Assets and Liabilities

Assets$452.26 million
Loans$246.03 million
Deposits$395.99 million
Equity Capital$50.73 million
Loan Loss Allowance$4.60 million
Unbacked Noncurrent Loans$6.58 million
Real Estate Owned$1.26 million

Historic Data - September 2010

Assets$406.63 million
Equity Capital$46.39 million
Loan Loss Allowance$3.61 million
Unbacked Noncurrent Loans$6.40 million
Real Estate Owned$551,000

Profit Margin - Quarterly

Net Interest Margin3.24%
Return on Assets1.84%
Return on Equity18.66%
Interest Income$14.29 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 CFG Community Bank had $7.84 million in non-current loans and owned real-estate with $55.34 million in equity and loan loss allowances on hand to cover it. This gives CFG Community Bank a Texas Ratio of 14.16% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for CFG Community Bank held steady from 13.91% as of September 30, 2010 to 14.16% as of September 30, 2011, resulting in a negative change of 1.84%. This indicates that the balance sheet and financial strength for CFG Community Bank has held steady in recent periods.
Deposit Growth5
In the past year, CFG Community Bank has increased its total deposits by $57.08 million, resulting in 16.84% 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 CFG Community Bank has shown is excellent.
Capitalization5
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. CFG Community Bank has $452.26 million in assets with $55.34 million in equity, resulting in a capitalization level of 12.24%, which is excellent.
Write Review

No reviews have been left for this bank yet. Be the first to review.


 
Featured Savings Account
Nationwide Savings Accounts