Colonial Federal Savings Bank

Colonial Federal Savings Bank is headquartered in Quincy and is the 93^rd largest bank in the state of Massachusetts. It is also the 2,202^nd largest bank in the nation. It was established in 1889 and as of March of 2012, it had grown to 35 employees at 4 locations. Colonial Federal Savings Bank has a 5-star health rating.

Colonial Federal Savings Bank Routing Number: 211370626

Colonial Federal Savings Bank Checking Account Rates

Colonial Federal Savings Bank Savings Account Rates

Colonial Federal Savings Bank Money Market Rates

Colonial Federal Savings Bank CD Rates

Colonial Federal Savings Bank IRA Rates

Data for Q1 2012

Institution Statistics Colonial Federal Savings Bank OTS # 01673 FDIC Certificate # 28481 BankRate Report View Year Established 1889 Employees 35 Primary Regulator OCC Assets and Liabilities Assets $296.47 million Loans $130.29 million Deposits $251.90 million Equity Capital $31.47 million Loan Loss Allowance $1.15 million Unbacked Noncurrent Loans $69,000 Historic Data - March 2011 Assets $289.75 million Equity Capital $28.88 million Loan Loss Allowance $1.13 million Unbacked Noncurrent Loans $656,000 Profit Margin - Quarterly Net Interest Margin 2.56% Return on Assets 0.79% Return on Equity 7.45% Interest Income $2.43 million

Institution Health Overall Score: 5 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 March 31, 2012 Colonial Federal Savings Bank had $69,000 in non-current loans and owned real-estate with $32.62 million in equity and loan loss allowances on hand to cover it. This gives Colonial Federal Savings Bank a Texas Ratio of 0.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Colonial Federal Savings Bank decreased significantly from 2.19% as of March 31, 2011 to 0.21% as of March 31, 2012, resulting in a positive change of 90.32%.This indicates that the balance sheet and financial strength for Colonial Federal Savings Bank has improved significantly in recent periods. Deposit Growth In the past year, Colonial Federal Savings Bank has increased its total deposits by $2.76 million, resulting in 1.11% 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 Colonial Federal Savings Bank has shown is above 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. Colonial Federal Savings Bank has $296.47 million in assets with $32.62 million in equity, resulting in a capitalization level of 11.00%, which is above average.

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