Institution Statistics
| Middlesex Federal Savings, F.A. | | OTS # | 01452 | | FDIC Certificate # | 28368 | | BankRate Report | View | | Year Established | 1890 | | Employees | 45 | | Primary Regulator | OCC |
Assets and Liabilities | | Assets | $350.53 million | | Loans | $225.41 million | | Deposits | $266.09 million | | Equity Capital | $35.32 million | | Loan Loss Allowance | $4.00 million | | Unbacked Noncurrent Loans | $4.95 million | | Real Estate Owned | $211,000 |
Historic Data - December 2011 | | Assets | $354.29 million | | Equity Capital | $35.75 million | | Loan Loss Allowance | $4.08 million | | Unbacked Noncurrent Loans | $18.06 million | | Real Estate Owned | $3.57 million |
Profit Margin - Quarterly | | Net Interest Margin | 2.46% | | Return on Assets | 0.12% | | Return on Equity | 1.16% | | Interest Income | $12.43 million |
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Institution Health
Overall Score:
4 out of 5
| 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, 2012 Middlesex Federal Savings, F.A. had $5.16 million in non-current loans and owned real-estate with $39.32 million in equity and loan loss allowances on hand to cover it. This gives Middlesex Federal Savings, F.A. a Texas Ratio of 13.12% 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 Middlesex Federal Savings, F.A. decreased significantly from 54.30% as of December 31, 2011 to 13.12% as of December 31, 2012, resulting in a positive change of 75.84%.This indicates that the balance sheet and financial strength for Middlesex Federal Savings, F.A. has improved significantly in recent periods. | | Deposit Growth |  | | In the past year, Middlesex Federal Savings, F.A. has decreased its total deposits by -$19.68 million, resulting in -6.89% 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 poor. | | 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. Middlesex Federal Savings, F.A. has $350.53 million in assets with $39.32 million in equity, resulting in a capitalization level of 11.22%, which is above average. |
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