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Overview / Commentary
410-529-7420
9651 Belair Road
Baltimore, MD 21206

Madison Square Federal Savings Bank is headquartered in Baltimore and is the 55th largest bank in the state of Maryland. It is also the 3,769th largest bank in the nation. It was established in 1870 and as of December of 2013, it had grown to 31 employees at 4 locations. Madison Square Federal Savings Bank has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
A+

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 December 31, 2013 Madison Square Federal Savings Bank had $972,000 in non-current loans and owned real-estate with $12.5 million in equity and loan loss allowances on hand to cover it. This gives Madison Square Federal Savings Bank a Texas Ratio of 7.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Madison Square Federal Savings Bank experienced no significant changes from 3.54% as of December 31, 2012 to 7.78% as of December 31, 2013, resulting in a negative change of 119.54%. This indicates that the balance sheet and financial strength for Madison Square Federal Savings Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Madison Square Federal Savings Bank has decreased its total deposits by -$5.7 million, resulting in -4.13% 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 Madison Square Federal Savings Bank has shown is below average.

Capitalization

GRADE:
C

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. Madison Square Federal Savings Bank has $146.14 million in assets with $12.5 million in equity, resulting in a capitalization level of 8.55%, which is average.

Institution Statistics

Overall
FDIC Certificate #32334
Year Established1870
Employees31
Primary RegulatorOCC
Assets and Liabilities
Assets$146.14 million
Loans$84.21 million
Deposits$132.31 million
Equity Capital$11.64 million
Loan Loss Allowance$863,000
Unbacked Noncurrent Loans$972,000
Real Estate Owned$0
Historic Data - December 2012
Assets$151.45 million
Equity Capital$12.68 million
Loan Loss Allowance$902,000
Unbacked Noncurrent Loans$972,000
Real Estate Owned$57,000
Profit Margin - Quarterly
Net Interest Margin2.47%
Return on Assets0.08%
Return on Equity0.93%
Interest Income$4.76 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Madison Square Federal Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Madison Square Federal Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Christmas Club Savings Account
0.10%$50-Passbook Savings Account
0.10%$2k-Investment Savings Account
0.10%$50-Statement Savings Account
0.10%--Youth Savings Account

Madison Square Federal Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$250k-Money Market with Checking

Madison Square Federal Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$200-NOW Checking Account

Madison Square Federal Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-60 Month CD
1.00%$500-36 Month CD
0.75%$500-48 Month CD
0.75%$1k-30 Month Bump CD
0.60%$500-27 Month Bump CD
0.55%$500-13 Month Bump CD
0.50%$500-24 Month CD
0.50%$500-15 Month Bump CD
0.40%$500-21 Month CD
0.35%$500-18 Month CD
0.30%$500-12 Month CD
0.30%$500-11 Month Bump CD
0.25%$500-9 Month Bump CD
0.20%$1k-12 Month No Penalty CD
0.15%$500-182 Day CD
0.15%$500-6 Month CD
0.15%$500-8 Month CD
0.15%$500-10 Month CD
0.15%$500-7 Month Bump CD
0.10%$500-91 Day CD

Madison Square Federal Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$100-60 Month IRA (Traditional,Roth,CESA)
1.00%$100-36 Month IRA (Traditional,Roth,CESA)
0.75%$100-48 Month IRA (Traditional,Roth,CESA)
0.52%$100-18 Month Variable IRA (Traditional,Roth,CESA)
0.50%$100-24 Month IRA (Traditional,Roth,CESA)
0.35%$100-18 Month Fixed IRA (Traditional,Roth,CESA)
0.30%$100-12 Month IRA (Traditional,Roth,CESA)
0.15%$100-182 Day IRA (Traditional,Roth,CESA)
0.15%$100-6 Month IRA (Traditional,Roth,CESA)
0.15%$100-8 Month IRA (Traditional,Roth,CESA)
0.15%$100-10 Month IRA (Traditional,Roth,CESA)
Locations


Madison Square Federal Savings Bank Locations
Bel Air Branch126 North Main StreetBel Air, MD 21014
Fallston Branch2209 Belair RdFallston, MD 21047
Gardenville Branch5415 Belair RoadBaltimore, MD 21206
Madison Square Federal Savings Bank9651 Belair RoadBaltimore, MD 21206