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Overview / Commentary
1 College Ave
Somerville, MA 02144

Middlesex Federal Savings, F.A. is headquartered in Somerville and is the 87th largest bank in the state of Massachusetts. It is also the 1,954th largest bank in the nation. It was established in 1890 and as of March of 2014, it had grown to 47 employees at 3 locations. Middlesex Federal Savings, F.A.'s money market rates are 14% higher than the national average, and it has a B+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Middlesex Federal Savings, F.A. had $2.02 million in non-current loans and owned real-estate with $39.49 million in equity and loan loss allowances on hand to cover it. This gives Middlesex Federal Savings, F.A. a Texas Ratio of 5.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Middlesex Federal Savings, F.A. decreased dramatically from 9.93% as of March 31, 2013 to 5.12% as of March 31, 2014, resulting in a positive change of 48.48%.This indicates that the balance sheet and financial strength for Middlesex Federal Savings, F.A. has improved dramatically in recent periods.

Deposit Growth


In the past year, Middlesex Federal Savings, F.A. has decreased its total deposits by -$18.27 million, resulting in -6.9% 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 Middlesex Federal Savings, F.A. has shown is below average.



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. Middlesex Federal Savings, F.A. has $336.75 million in assets with $39.49 million in equity, resulting in a capitalization level of 11.73%, which is excellent.

Institution Statistics

FDIC Certificate #28368
Year Established1890
Primary RegulatorOCC
Assets and Liabilities
Assets$336.75 million
Loans$223.75 million
Deposits$246.76 million
Equity Capital$35.39 million
Loan Loss Allowance$4.10 million
Unbacked Noncurrent Loans$2.02 million
Real Estate Owned$0
Historic Data - March 2013
Assets$350.93 million
Equity Capital$34.48 million
Loan Loss Allowance$4.01 million
Unbacked Noncurrent Loans$2.02 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.1%
Return on Equity0.93%
Interest Income$2.76 million

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Middlesex Federal Savings, F.A. Savings Account Rates

0.10%$50-Passbook Savings
0.10%$50-Statement Savings
0.10%--Club Account

Middlesex Federal Savings, F.A. Money Market Rates

0.50%$100k-Money Market Savings
0.50%$100k-Business Money Market

Middlesex Federal Savings, F.A. Checking Account Rates

0.25%$25k-President's Choice Checking
0.10%--Easy Interest Checking
0.10%--Easy Interest Business Checking

Middlesex Federal Savings, F.A. CD Rates

1.26%--60 Month CD
1.16%$500-48 Month CD
1.01%--36 Month CD
0.90%--24 Month CD
0.90%--30 Month CD
0.50%--12 Month CD
0.50%--18 Month CD
0.25%--6 Month CD
0.25%--8 Month CD
0.15%--3 Month CD

Middlesex Federal Savings, F.A. IRA Rates

1.26%--60 Month IRA
1.16%--48 Month IRA
1.12%$50-18 Month Variable Rate IRA
1.01%--36 Month IRA
0.90%--24 Month IRA
0.90%--30 Month IRA
0.50%--12 Month IRA
0.50%--18 Month IRA
0.25%--6 Month IRA
0.25%--8 Month IRA
0.15%--3 Month IRA

Middlesex Federal Savings, F.A. Locations
Middlesex Federal Savings, F.A.1 College AveSomerville, MA 2144
1196 Broadway Branch1196 BroadwaySomerville, MA 2144
Riverside Ave Branch53 Riverside AvenueMedford, MA 2155