Community Federal Savings Bank

Community Federal Savings Bank Locations
89-07 Jamaica Avenue
Woodhaven, NY 11421
718-847-6333
www.communityfederalsavingsbank.com
Community Federal Savings Bank opened its doors in Woodhaven, NY on July 17, 2001 with the intent of bringing old-fashioned, friendly service to the community. They expanded their community in 2003 with a new branch in Queens Village, NY. And now they're reaching even further with online banking!

Their bank provides a full range of products and services to meet the depository and credit needs of individuals and businesses. With an emphasis on friendly and knowledgeable service, they strive to make each depositor and borrower a part of their COMMUNITY!

Community Federal Savings Bank Routing Number: 026073008



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See Rates for: Checking | Savings | Money Market | CD | IRA

Community Federal Savings Bank Checking Account Rates

ApyMinMaxProduct
0.50%--Senior Checking
0.40%$200-Checking Interest Plus Special

Community Federal Savings Bank Savings Account Rates

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0.40%--Kid’s Passbook Savings
0.40%$200-Passbook Savings
0.40%$200-Statement Savings

Community Federal Savings Bank Money Market Rates

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0.75%$100k-Personal Money Market
0.75%$100k-Business Money Market

Community Federal Savings Bank CD Rates

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1.80%$500-60 Month CD
1.80%$500-60 Month – Passbook CD
1.80%$500-61 Month CD Special
1.80%$500-61 Month – Passbook CD Special
1.60%$500-36 Month CD
1.60%$500-36 Month – Passbook CD
1.30%$500-16 Month Senior CD Special
1.25%$500-11 Month W/ New Checking CD Special
1.25%$500-24 Month CD
1.25%$500-24 Month – Passbook CD
1.00%$500-7 Month CD Special
1.00%$500-7 Month – Passbook CD Special
0.85%$500-18 Month CD
0.85%$500-18 Month – Passbook CD
0.65%$500-12 Month CD
0.65%$500-12 Month – Passbook CD
0.50%$500-6 Month CD
0.50%$500-6 Month – Passbook CD
0.50%$500-4 Month CD Special
0.50%$500-4 Month – Passbook CD Special
0.35%$500-3 Month CD
0.35%$500-3 Month – Passbook CD

Community Federal Savings Bank IRA Rates

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1.80%$500-61 Month IRA Special
1.80%$500-60 Month IRA
1.80%$500-60 Month Roth IRA
1.80%$500-61 Month Roth IRA Special
1.60%$500-36 Month IRA
1.60%$500-36 Month Roth IRA
1.25%$500-24 Month IRA
1.25%$500-24 Month Roth IRA
1.00%$500-7 Month IRA Special
1.00%$500-7 Month Roth IRA Special
0.85%$500-18 Month IRA
0.85%$500-18 Month Roth IRA
0.65%$500-12 Month IRA
0.65%$500-12 Month Roth IRA
0.50%$500-4 Month IRA Special
0.50%$500-6 Month IRA
0.50%$500-4 Month Roth IRA Special
0.50%$500-6 Month Roth IRA
0.35%$500-3 Month IRA
0.35%$500-3 Month Roth IRA

Rates updated: 5/24/2012

Data for Q1 2012


Institution Statistics


Community Federal Savings Bank
OTS #17528
FDIC Certificate #57129
BankRate ReportView
Year Established2001
Employees18
Primary RegulatorOCC

Assets and Liabilities

Assets$75.20 million
Loans$17.92 million
Deposits$53.53 million
Equity Capital$21.37 million
Loan Loss Allowance$235,000
Unbacked Noncurrent Loans$4.25 million

Historic Data - March 2011

Assets$51.78 million
Equity Capital$3.06 million
Loan Loss Allowance$236,000
Unbacked Noncurrent Loans$8.03 million

Profit Margin - Quarterly

Net Interest Margin1.8%
Return on Assets-1.57%
Return on Equity-5.35%
Interest Income$470,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio3
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 Community Federal Savings Bank had $4.25 million in non-current loans and owned real-estate with $21.6 million in equity and loan loss allowances on hand to cover it. This gives Community Federal Savings Bank a Texas Ratio of 19.67% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Community Federal Savings Bank decreased significantly from 243.97% as of March 31, 2011 to 19.67% as of March 31, 2012, resulting in a positive change of 91.94%.This indicates that the balance sheet and financial strength for Community Federal Savings Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Community Federal Savings Bank has increased its total deposits by $4.93 million, resulting in 10.14% 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 Community Federal Savings 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. Community Federal Savings Bank has $75.2 million in assets with $21.6 million in equity, resulting in a capitalization level of 28.72%, which is excellent.
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