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Overview / Commentary
810 Seventh Avenue, Suite 1115
New York, NY 10019

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!

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Data for Q2 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 June 30, 2014 Community Federal Savings Bank had $523,000 in non-current loans and owned real-estate with $16.05 million in equity and loan loss allowances on hand to cover it. This gives Community Federal Savings Bank a Texas Ratio of 3.26% 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 Community Federal Savings Bank decreased dramatically from 11.12% as of June 30, 2013 to 3.26% as of June 30, 2014, resulting in a positive change of 70.68%.This indicates that the balance sheet and financial strength for Community Federal Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Community Federal Savings Bank has increased its total deposits by $21.94 million, resulting in 32.45% 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.



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 $105.68 million in assets with $16.05 million in equity, resulting in a capitalization level of 15.19%, which is excellent.

Institution Statistics

FDIC Certificate #57129
Year Established2001
Primary RegulatorOCC
Assets and Liabilities
Assets$105.68 million
Loans$59.38 million
Deposits$89.54 million
Equity Capital$15.55 million
Loan Loss Allowance$494,000
Unbacked Noncurrent Loans$523,000
Real Estate Owned$0
Historic Data - June 2013
Assets$85.99 million
Equity Capital$17.85 million
Loan Loss Allowance$446,000
Unbacked Noncurrent Loans$523,000
Real Estate Owned$901,000
Profit Margin - Quarterly
Return on Assets-2.55%
Return on Equity-15.57%
Interest Income$1.68 million

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Community Federal Savings Bank Savings Account Rates

0.30%--Kid’s Passbook Savings
0.30%$200-Passbook Savings
0.30%$200-Statement Savings - Online Only

Community Federal Savings Bank Money Market Rates

0.85%$100k-Personal Money Market
0.85%$100k-Business Money Market

Community Federal Savings Bank Checking Account Rates

0.50%--Senior Checking
0.40%$200-Checking Interest Plus Special
0.15%--Interest Checking - Online Only
0.00%--Regular Checking - Online Only

Community Federal Savings Bank CD Rates

1.70%$500-60 Month CD
1.70%$500-60 Month – Passbook CD
1.70%$500-61 Month CD Special
1.70%$500-61 Month – Passbook CD Special
1.40%$500-48 Month – Passbook CD
1.40%$500-48 Month CD
1.35%$500-36 Month CD
1.35%$500-36 Month – Passbook CD
1.10%$500-16 Month Senior CD Special
1.10%$500-24 Month CD - Online Only
1.10%$500-24 Month – Passbook CD
1.00%$500-12 Month CD - Online Only
1.00%$500-12 Month – Passbook CD
0.95%$500-18 Month CD
0.95%$500-18 Month – Passbook CD
0.85%$500-11 Month W/ New Checking CD Special
0.50%$500-7 Month CD Special
0.50%$500-7 Month – Passbook CD Special
0.40%$500-6 Month CD - Online Only
0.40%$500-6 Month – Passbook CD
0.40%$500-4 Month CD Special
0.40%$500-4 Month – Passbook CD Special
0.25%$500-3 Month CD
0.25%$500-3 Month – Passbook CD

Community Federal Savings Bank IRA Rates

1.70%$500-61 Month IRA Special
1.70%$500-60 Month IRA
1.40%$500-48 Month IRA
1.35%$500-36 Month IRA
1.10%$500-24 Month IRA
1.00%$500-12 Month IRA
0.95%$500-18 Month IRA
0.50%$500-7 Month IRA Special
0.40%$500-4 Month IRA Special
0.40%$500-6 Month IRA
0.25%$500-3 Month IRA

Community Federal Savings Bank Locations
Community Federal Savings Bank89-07 Jamaica AvenueWoodhaven, NY 11421