Malvern Federal Savings Bank

42 E. Lancaster Ave.
Paoli, PA 19301
610.644.9400
www.malvernfederal.com
 

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Malvern Federal Savings Bank Cuts Reward Checking Rate to 1.50% - 3/15/2010

The reward checking rate fell from 2.00% to 1.50% APY. This applies to balances up to $35K. Malvern's reward checking was popular when it was launched in early 2008. Through most of 2008 the yield wa ...

1.50% Reward Checking Account at a Pennsylvania Bank (Malvern Federal Savings) - 4/27/2008

Update 11/12/09: The top rate has fallen to 2.00% APY. Refer to the bottom of the post for the rate historyMalvern Federal Savings Bank has a reward checking account that pays 2.00% APY on balances up to $35,000 (0.51% for above) and refunds ATM fees...


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

Checking Accounts

ApyMinMaxProduct
1.50%-$35kRewards Plus Checking
1.15%$2,500-Premier Rewards Checking
0.05%$1k-Free Checking with Interest

Savings Accounts

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0.20%--Malvern Youth Savings
0.20%$200-Statement Savings

Money Market Accounts

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1.00%$100k-Star Money Market

Certificates of Deposit

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3.10%$500-84 Month CD
2.75%$500-60 Month CD
2.25%$500-36 Month CD Special
2.00%$1k-27 Month CD Special
1.50%$1k-19 Month CD Special
1.15%$500-24 Month CD
1.00%$500-18 Month CD
0.85%$500-12 Month CD
0.50%$1k-6 Month CD
0.30%$1k-3 Month CD

Institution Statistics


FDIC Certificate #27861
OTS #00416
BankRate ReportView
Year Established1887
Employees92
Primary RegulatorOTS

Assets and Liabilities

Assets$691.89 million
Loans$578.01 million
Deposits$545.23 million
Equity Capital$61.00 million
Loan Loss Allowance$5.16 million
Unbacked Noncurrent Loans$21.98 million
Real Estate Owned$4.00 million

Historic Data - March 2009

Assets$676.33 million
Equity Capital$61.84 million
Loan Loss Allowance$5.16 million
Unbacked Noncurrent Loans$9.82 million
Real Estate Owned$4.81 million

Profit Margin - Quarterly

Net Interest Margin3.04%
Return on Assets-0.74%
Return on Equity-8.22%
Interest Income$8.22 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio4
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, 2010 Malvern Federal Savings Bank had $25.98 million in non-current loans and owned real-estate with $66.16 million in equity and loan loss allowances on hand to cover it. This gives Malvern Federal Savings Bank a Texas Ratio of 39.27% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend1
The Texas Ratio for Malvern Federal Savings Bank increased significantly from 21.84% as of March 31, 2009 to 39.27% as of March 31, 2010, resulting in a negative change of 79.84%. This indicates that the balance sheet and financial strength for Malvern Federal Savings Bank has declined significantly in recent periods.
Deposit Growth4
In the past year, Malvern Federal Savings Bank has increased it's total deposits by $40.78 million, resulting in 8.08% 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 above average.
Capitalization2
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 $691.89 million in assets with $66.16 million in equity, resulting in a capitalization level of 9.56%, which is below average.
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