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Overview / Commentary
856-825-0809
One Savings Place
Millville, NJ 08332

Millville Savings and Loan Association is headquartered in Millville and is the 88th largest bank in the state of New Jersey. It is also the 3,725th largest bank in the nation. It was established in 1941 and as of March of 2014, it had grown to 13 employees at 2 locations. Millville Savings and Loan Association has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Millville Savings and Loan Association had $688,000 in non-current loans and owned real-estate with $17.08 million in equity and loan loss allowances on hand to cover it. This gives Millville Savings and Loan Association a Texas Ratio of 4.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Millville Savings and Loan Association experienced no significant changes from 3.86% as of March 31, 2013 to 4.03% as of March 31, 2014, resulting in a negative change of 4.41%. This indicates that the balance sheet and financial strength for Millville Savings and Loan Association has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Millville Savings and Loan Association has decreased its total deposits by -$5.14 million, resulting in -3.72% 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 Millville Savings and Loan Association has shown is below average.

Capitalization

GRADE:
A

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. Millville Savings and Loan Association has $149.27 million in assets with $17.08 million in equity, resulting in a capitalization level of 11.44%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30183
Year Established1941
Employees13
Primary RegulatorFDIC
Assets and Liabilities
Assets$149.27 million
Loans$34.50 million
Deposits$132.92 million
Equity Capital$15.33 million
Loan Loss Allowance$1.75 million
Unbacked Noncurrent Loans$670,000
Real Estate Owned$18,000
Historic Data - March 2013
Assets$155.96 million
Equity Capital$17.07 million
Loan Loss Allowance$1.54 million
Unbacked Noncurrent Loans$670,000
Real Estate Owned$45,000
Profit Margin - Quarterly
Net Interest Margin2.02%
Return on Assets0.51%
Return on Equity5.1%
Interest Income$1.04 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Millville Savings and Loan Association, we are a rate comparison website and can not provide official rates or promotions.

Millville Savings and Loan Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$10k-Tiered Super Savings Account
0.35%$500-Business Savings
0.30%$100-Statement Savings
0.25%$100-Passbook Savings

Millville Savings and Loan Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$500k$1mTiered Money Market Checking

Millville Savings and Loan Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$300-NOW Checking (truncated)
0.15%$600-NOW Checking (non-truncated)

Millville Savings and Loan Association CD Rates

DetailsAPYMINMAXPRODUCT
1.16%$1k-7 Year CD
1.06%$1k-5 Year CD
0.85%$1k-4 Year CD
0.70%$1k-3 Year CD
0.50%$1k-2 Year CD
0.30%$1k-1 Year CD
0.20%$1k-182 Day CD
0.15%$1k-90 Day CD

Millville Savings and Loan Association IRA Rates

DetailsAPYMINMAXPRODUCT
1.16%$1k-7 Year IRA
1.06%$1k-5 Year IRA
0.85%$1k-4 Year IRA
0.70%$1k-3 Year IRA
0.50%$1k-2 Year IRA
0.30%$1k-1 Year IRA
Locations


Millville Savings and Loan Association Locations
West Main Branch904 W. Main StreetMillville, NJ 8332
Millville Savings and Loan AssociationOne Savings PlaceMillville, NJ 8332