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Overview / Commentary
513-729-0100
8249 Clara Avenue
Cincinnati, OH 45239

New Foundation Savings Bank is headquartered in Cincinnati and is the 225th largest bank in the state of Ohio. It is also the 6,667th largest bank in the nation. It was established in 1891 and as of December of 2013, it had grown to 11 employees at 1 location. New Foundation Savings Bank has a C+ health rating.

Reviews (1)

Where Everybody Knows Your Name

Everytime we visit New Foundation we are welcomed by name, with smiling faces.  You cant help but feel like family here! We've been using New Foundation for two generations now, and our family will continue to choose New Foundation for generations to come!  For those of you who have had bad experiences with big banks, I highly recommend giving New Foundation a shot.  After over 20 years, we have yet to be dissapointed!!!



Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. New Foundation Savings Bank has a low asset base.

Texas Ratio

GRADE:
C+

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 New Foundation Savings Bank had $417,000 in non-current loans and owned real-estate with $1.89 million in equity and loan loss allowances on hand to cover it. This gives New Foundation Savings Bank a Texas Ratio of 22.10% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for New Foundation Savings Bank decreased slightly from 26.81% as of December 31, 2012 to 22.10% as of December 31, 2013, resulting in a positive change of 17.56%.This indicates that the balance sheet and financial strength for New Foundation Savings Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, New Foundation Savings Bank has increased its total deposits by $840,000, resulting in 5.02% 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 New Foundation Savings Bank has shown is excellent.

Capitalization

GRADE:
C

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. New Foundation Savings Bank has $21.91 million in assets with $1.89 million in equity, resulting in a capitalization level of 8.61%, which is average.

Institution Statistics

Overall
FDIC Certificate #32306
Year Established1891
Employees11
Primary RegulatorFDIC
Assets and Liabilities
Assets$21.91 million
Loans$15.07 million
Deposits$17.56 million
Equity Capital$1.77 million
Loan Loss Allowance$115,000
Unbacked Noncurrent Loans$241,000
Real Estate Owned$176,000
Historic Data - December 2012
Assets$21.21 million
Equity Capital$1.75 million
Loan Loss Allowance$115,000
Unbacked Noncurrent Loans$241,000
Real Estate Owned$260,000
Profit Margin - Quarterly
Net Interest Margin2.56%
Return on Assets0.09%
Return on Equity1.07%
Interest Income$745,000
Rates
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New Foundation Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$1k-Blue Chip Savings Account
0.10%--Passbook Savings Account

New Foundation Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$50-NOW Account

New Foundation Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$1k-48 Month CD
1.00%$1k-36 Month CD
0.70%$1k-24 Month CD
0.60%$1k-18 Month CD
0.50%$1k-12 Month CD
0.30%$250-6 Month CD

New Foundation Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$1k-48 Month IRA
Locations


New Foundation Savings Bank Locations
New Foundation Savings Bank8249 Clara AvenueCincinnati, OH 45239