Eastern Federal Bank

Eastern Federal Bank is headquartered in Norwich and is the 41^st largest bank in the state of Connecticut. It is also the 3,531^st largest bank in the nation. It was established in 1915 and as of March of 2012, it had grown to 44 employees at 4 locations. Eastern Federal Bank has a 4-star health rating.

Eastern Federal Bank Routing Number: 211170253

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Data for Q1 2012

Institution Statistics Eastern Federal Bank OTS # 01039 FDIC Certificate # 28167 BankRate Report View Year Established 1915 Employees 44 Primary Regulator OCC Assets and Liabilities Assets $169.93 million Loans $137.93 million Deposits $125.82 million Equity Capital $18.34 million Loan Loss Allowance $1.36 million Unbacked Noncurrent Loans $4.52 million Real Estate Owned $829,000 Historic Data - March 2011 Assets $166.58 million Equity Capital $18.16 million Loan Loss Allowance $1.33 million Unbacked Noncurrent Loans $3.79 million Real Estate Owned $1.05 million Profit Margin - Quarterly Net Interest Margin 3.29% Return on Assets 0.03% Return on Equity 0.28% Interest Income $1.69 million

Institution Health Overall Score: 4 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 Eastern Federal Bank had $5.35 million in non-current loans and owned real-estate with $19.7 million in equity and loan loss allowances on hand to cover it. This gives Eastern Federal Bank a Texas Ratio of 27.14% 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 Eastern Federal Bank held steady from 24.83% as of March 31, 2011 to 27.14% as of March 31, 2012, resulting in a negative change of 9.32%. This indicates that the balance sheet and financial strength for Eastern Federal Bank has held steady in recent periods. Deposit Growth In the past year, Eastern Federal Bank has increased its total deposits by $5.41 million, resulting in 4.5% 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 Eastern Federal 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. Eastern Federal Bank has $169.93 million in assets with $19.7 million in equity, resulting in a capitalization level of 11.59%, which is above average.

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