Maspeth Federal S&L

Maspeth Federal S&L Locations
56-18 69th Street
Maspeth, NY 11378
718-335-1300
www.maspethfederal.com
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.



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

Maspeth Federal S&L Checking Account Rates

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0.65%--NOW Checking

Maspeth Federal S&L Savings Account Rates

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0.65%$250-Passbook Savings
0.65%$250-Statement Savings

Maspeth Federal S&L Money Market Rates

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0.65%$2,500-Money Market Account

Maspeth Federal S&L CD Rates

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1.70%$2,500-60 Month CD
0.90%$2,500-24 Month CD
0.80%$1,500-18 Month CD
0.70%$1,500-12 Month CD
0.50%$1,500-9 Month CD
0.40%$1,500-6 Month CD

Maspeth Federal S&L IRA Rates

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1.70%$2k-60 Month IRA
1.70%$2k-60 Month Roth IRA
1.70%$2k-60 Month CESA
0.90%$2k-24 Month IRA
0.90%$2k-24 Month Roth IRA
0.90%$2k-24 Month CESA
0.80%$40-18 Month Wild Card IRA
0.80%$40-18 Month Wild Card Roth IRA
0.80%$40-18 Month Wild Card CESA
0.70%$1,500-12 Month IRA
0.70%$1,500-12 Month Roth IRA
0.70%$1,500-12 Month CESA
0.50%$1,500-9 Month IRA
0.50%$1,500-9 Month Roth IRA
0.50%$1,500-9 Month CESA
0.40%$1,500-6 Month IRA
0.40%$1,500-6 Month Roth IRA
0.40%$1,500-6 Month CESA

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


Maspeth Federal Savings and Loan Association
OTS #05138
FDIC Certificate #30303
BankRate ReportView
Year Established1947
Employees204
Primary RegulatorOCC

Assets and Liabilities

Assets$1.76 billion
Loans$1.56 billion
Deposits$1.29 billion
Equity Capital$452.41 million
Loan Loss Allowance$11.12 million
Unbacked Noncurrent Loans$88.90 million
Real Estate Owned$5.36 million

Historic Data - September 2010

Assets$1.68 billion
Equity Capital$425.31 million
Loan Loss Allowance$10.22 million
Unbacked Noncurrent Loans$82.74 million
Real Estate Owned$1.70 million

Profit Margin - Quarterly

Net Interest Margin4.7%
Return on Assets1.57%
Return on Equity6.17%
Interest Income$69.87 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 Maspeth Federal S&L had $94.26 million in non-current loans and owned real-estate with $463.53 million in equity and loan loss allowances on hand to cover it. This gives Maspeth Federal S&L a Texas Ratio of 20.33% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Maspeth Federal S&L held steady from 19.39% as of September 30, 2010 to 20.33% as of September 30, 2011, resulting in a negative change of 4.89%. This indicates that the balance sheet and financial strength for Maspeth Federal S&L has held steady in recent periods.
Deposit Growth4
In the past year, Maspeth Federal S&L has increased its total deposits by $58.15 million, resulting in 4.71% 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 S&L has shown is above average.
Capitalization5
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 S&L has $1.76 billion in assets with $463.53 million in equity, resulting in a capitalization level of 26.27%, which is excellent.
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