1 star ratingAverage User Rating:
1 star rating based on 1 review.

Malvern Federal Savings Bank

Malvern Federal Savings Bank Locations
42 E. Lancaster Ave.
Paoli, PA 19301
610.644.9400
www.malvernfederal.com



Malvern Federal Savings Bank is headquartered in Paoli and is the 56th largest bank in the state of Pennsylvania. It is also the 992nd largest bank in the nation. It was established in 1887 and as of September of 2011, it had grown to 90 employees at 8 locations. Malvern Federal Savings Bank has a 2-star health rating.

Malvern Federal Savings Bank Routing Number: 231373179

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

Malvern Federal Savings Bank Checking Account Rates

ApyMinMaxProduct
0.50%$2,500-Premier Rewards Checking

Malvern Federal Savings Bank Savings Account Rates

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0.10%--Malvern Youth Savings
0.10%$200-Statement Savings
0.05%$100-Passbook Savings

Malvern Federal Savings Bank Money Market Rates

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0.65%$100k-Star Money Market
0.65%$100k-Business Star Money Market

Malvern Federal Savings Bank CD Rates

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1.75%$500-84 Month CD
1.75%$500-Business 84 Month CD
1.60%$500-60 Month CD
1.60%$500-Business 60 Month CD
1.25%$1k-42 Month Anniversary Special CD
1.25%$1k-Business 42 Month Anniversary Special CD
0.85%$500-36 Month CD
0.85%$500-Business 36 Month CD
0.65%$500-24 Month CD
0.65%$500-Business 24 Month CD
0.45%$500-18 Month CD
0.45%$500-Business 18 Month CD
0.35%$500-12 Month CD
0.35%$500-Business 12 Month CD
0.20%$1k-6 Month CD
0.20%$1k-Business 6 Month CD
0.15%$1k-3 Month CD
0.15%$1k-Business 3 Month CD

Malvern Federal Savings Bank IRA Rates

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1.75%$500-84 Month IRA
1.75%$500-84 Month Roth IRA
1.75%$500-84 Month CESA
1.60%$500-60 Month IRA
1.60%$500-60 Month Roth IRA
1.60%$500-60 Month CESA
0.85%$500-36 Month IRA
0.85%$500-36 Month Roth IRA
0.85%$500-36 Month CESA
0.65%$500-24 Month IRA
0.65%$500-24 Month Roth IRA
0.65%$500-24 Month CESA
0.45%$500-18 Month IRA
0.45%$500-18 Month Roth IRA
0.45%$500-18 Month CESA
0.35%$500-12 Month IRA
0.35%$500-12 Month Roth IRA
0.35%$500-12 Month CESA

Rates updated: 2/9/2012

Data for Q3 2011


Institution Statistics


Malvern Federal Savings Bank
OTS #00416
FDIC Certificate #27861
BankRate ReportView
Year Established1887
Employees90
Primary RegulatorOCC

Assets and Liabilities

Assets$662.20 million
Loans$506.02 million
Deposits$555.42 million
Equity Capital$53.32 million
Loan Loss Allowance$8.84 million
Unbacked Noncurrent Loans$12.49 million
Real Estate Owned$8.29 million

Historic Data - September 2010

Assets$716.02 million
Equity Capital$59.13 million
Loan Loss Allowance$5.09 million
Unbacked Noncurrent Loans$16.09 million
Real Estate Owned$5.30 million

Profit Margin - Quarterly

Net Interest Margin3.14%
Return on Assets-1.06%
Return on Equity-13.06%
Interest Income$22.03 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio2
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 September 30, 2011 Malvern Federal Savings Bank had $20.78 million in non-current loans and owned real-estate with $62.16 million in equity and loan loss allowances on hand to cover it. This gives Malvern Federal Savings Bank a Texas Ratio of 33.43% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Malvern Federal Savings Bank held steady from 33.30% as of September 30, 2010 to 33.43% as of September 30, 2011, resulting in a negative change of 0.38%. This indicates that the balance sheet and financial strength for Malvern Federal Savings Bank has held steady in recent periods.
Deposit Growth1
In the past year, Malvern Federal Savings Bank has decreased its total deposits by -$42.22 million, resulting in -7.06% 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 Malvern Federal Savings Bank has shown is poor.
Capitalization3
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. Malvern Federal Savings Bank has $662.2 million in assets with $62.16 million in equity, resulting in a capitalization level of 9.39%, which is average.
Write Review

POOR Customer Service And Classic Bait & Switch Rates!
1 stars - Anonymous - Tuesday, November 9, 2010 - 6:41 PM

This bank is trying to expand...at the expense of customer service.

They offered a 2.%Money Market Account up until October 9, 2010--their Grand Opening!

When I went into their new bank on October 7th, I was informed that they no longer offer the 2.0%--we are coming out with a new rate...tomarrow.  When I asked to see the manager--she was no help. I wrote a letter to the Bank President to get an explanation---no reply....NIce Customer Service.

I have a relative who did get  the 2.0% Money Market Rate--he tells me the monthly statements do not include the earned interest in his balance--sloppy book work on the banks part.

I would STAY FAR AWAY FROM THIS BANK!!! 

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