Maspeth Federal Savings
Maspeth Federal Savings & Loan Association began operations in 1947 as a federally chartered savings and loan association. Throughout its history, Maspeth Federal has concentrated its operations in Queens & Western Nassau Counties, New York and has operated as a traditional savings and loan association.
Great Little Bank.
Savings and checking rates here have been consistently competitive and the fees are the lowest that I've seen at any bank or credit union. ATM access more than makes up for the limited number of branches.
Data for Q4 2013
Institution Health
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 December 31, 2013 Maspeth Federal Savings had $80.44 million in non-current loans and owned real-estate with $528.86 million in equity and loan loss allowances on hand to cover it. This gives Maspeth Federal Savings a Texas Ratio of 15.21% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Maspeth Federal Savings decreased slightly from 20.15% as of December 31, 2012 to 15.21% as of December 31, 2013, resulting in a positive change of 24.53%.This indicates that the balance sheet and financial strength for Maspeth Federal Savings has improved slightly in recent periods.
Deposit Growth
In the past year, Maspeth Federal Savings has decreased its total deposits by -$29.67 million, resulting in -2.4% 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 Maspeth Federal Savings has shown is 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. Maspeth Federal Savings has $1.74 billion in assets with $528.86 million in equity, resulting in a capitalization level of 30.43%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 30303 |
| Year Established | 1947 |
| Employees | 220 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $1.74 billion |
| Loans | $1.52 billion |
| Deposits | $1.21 billion |
| Equity Capital | $509.41 million |
| Loan Loss Allowance | $19.45 million |
| Unbacked Noncurrent Loans | $75.79 million |
| Real Estate Owned | $4.65 million |
| Historic Data - December 2012 | |
|---|---|
| Assets | $1.74 billion |
| Equity Capital | $482.73 million |
| Loan Loss Allowance | $18.16 million |
| Unbacked Noncurrent Loans | $75.79 million |
| Real Estate Owned | $4.11 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.46% |
| Return on Assets | 1.44% |
| Return on Equity | 5.06% |
| Interest Income | $80.06 million |
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Maspeth Federal Savings Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $250 | - | Passbook Savings | |
| 0.35% | $250 | - | Statement Savings | |
| 0.35% | - | - | Vacation Club | |
| 0.35% | - | - | Holiday Club | |
| 0.35% | - | - | Young Savers Club |
Maspeth Federal Savings Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $2,500 | - | Money Market |
Maspeth Federal Savings Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | - | - | NOW Checking |
Maspeth Federal Savings CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.60% | $2,500 | - | 60 Month CD | |
| 0.75% | $2,500 | - | 24 Month CD | |
| 0.60% | $1,500 | - | 18 Month CD | |
| 0.50% | $1,500 | - | 12 Month CD | |
| 0.40% | $1,500 | - | 9 Month CD | |
| 0.35% | $1,500 | - | 6 Month CD |
Maspeth Federal Savings IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.60% | $2k | - | 60 Month IRA (Traditional,Roth,CESA) | |
| 0.75% | $2k | - | 24 Month IRA (Traditional,Roth,CESA) | |
| 0.60% | $40 | - | 18 Month Wild Card IRA (Traditional,Roth,CESA) | |
| 0.50% | $1,500 | - | 12 Month IRA (Traditional,Roth,CESA) | |
| 0.40% | $1,500 | - | 9 Month IRA (Traditional,Roth,CESA) | |
| 0.35% | $1,500 | - | 6 Month IRA (Traditional,Roth,CESA) |
| Maspeth Federal Savings Locations | ||
|---|---|---|
| 101-09 Metropolitan Ave Branch | 101-09 Metropolitan Ave | New York City, NY 11375 |
| 185-18 Horace Harding Expy Branch | 185-18 Horace Harding Expy | New York City, NY 11365 |
| Maspeth Federal Savings and Loan Association | 56-18 69th St | Maspeth, NY 11378 |
| 64-19 Woodhaven Blvd Branch | 64-19 Woodhaven Blvd | New York City, NY 11374 |
| Ridgewood Branch | 66-60 Fresh Pond Road | Ridgewood, NY 11385 |
| 801 Jericho Turnpike Branch | 801 Jericho Turnpike | New Hyde Park, NY 11040 |