Scituate Federal Savings

Scituate Federal Savings Locations
72 Front Street
Scituate, MA 02066
781-545-0016
www.scituatefederal.com

Scituate Federal Savings is headquartered in Scituate and is the 98th largest bank in the state of Massachusetts. It is also the 2,430th largest bank in the nation. It was established in 1928 and as of September of 2011, it had grown to 45 employees at 5 locations. Scituate Federal Savings has a 3-star health rating.

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3.50% Reward Checking Account at Scituate Federal Savings in MA - Local Only - 9/18/2009

Scituate Federal Savings is offering a high yield reward checking account called Performance Checking. The account has the following rates and features if certain monthly requirements are met:3.50% APY on balances up to $25,0000.10% APY on portion of...

5-Month Gas-Price CD Special at a Massachusetts Bank (Scituate Federal Savings) - 6/17/2008

Scituate Federal Savings has a creative CD special. They're offering a 5-month CD with a yield that's tied to the rate you paid for gas. If you paid $4.03 for a gallon of gas, you'll get 4.03% APY. The minimum deposit is $500, and the maximum is $50,000....



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

Scituate Federal Savings Checking Account Rates

ApyMinMaxProduct
2.25%-$25kPerformance Checking

Scituate Federal Savings Savings Account Rates

ApyMinMaxProduct
0.35%$25k-Performance Savings Account

Scituate Federal Savings Money Market Rates

ApyMinMaxProduct
0.35%$25k-Money Market Account

Scituate Federal Savings CD Rates

ApyMinMaxProduct
1.90%--5 Year CD
1.85%--4 Year CD
1.40%--3 Year Advantage CD
1.40%--3 Year CD
1.15%--2.5 Year CD
1.05%--2 Year CD
0.95%--2 Year Advantage CD
0.75%--14 Month CD
0.65%--1.5 Year CD
0.60%--13 Month CD
0.55%--1 Year CD
0.45%--9 Month CD
0.45%--11 Month CD
0.45%--1 Year Advantage CD
0.35%--6 Month CD
0.35%--5 Month CD
0.35%--7 Month CD
0.25%--3 Month CD

Scituate Federal Savings IRA Rates

ApyMinMaxProduct
1.90%--5 Year IRA
1.85%--4 Year IRA
1.40%--3 Year Advantage IRA
1.40%--3 Year IRA
1.15%--2.5 Year IRA
1.05%--2 Year IRA
0.95%--2 Year Advantage IRA
0.75%--14 Month IRA
0.65%--1.5 Year IRA
0.60%--13 Month IRA
0.55%--1 Year IRA
0.45%--9 Month IRA
0.45%--11 Month IRA
0.45%--1 Year Advantage IRA
0.35%--5 Month IRA
0.35%--6 Month IRA
0.35%--7 Month IRA
0.25%--3 Month IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Scituate Federal Savings Bank
OTS #05316
FDIC Certificate #30424
BankRate ReportView
Year Established1928
Employees45
Primary RegulatorOCC

Assets and Liabilities

Assets$261.05 million
Loans$165.65 million
Deposits$218.36 million
Equity Capital$20.93 million
Loan Loss Allowance$1.69 million
Unbacked Noncurrent Loans$1.73 million
Real Estate Owned$2.79 million

Historic Data - September 2010

Assets$266.41 million
Equity Capital$19.63 million
Loan Loss Allowance$2.18 million
Unbacked Noncurrent Loans$1.65 million
Real Estate Owned$1.03 million

Profit Margin - Quarterly

Net Interest Margin3.46%
Return on Assets0.48%
Return on Equity6.11%
Interest Income$8.54 million

Institution Health


Overall Score:
3 out of 5
3
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 Scituate Federal Savings had $4.52 million in non-current loans and owned real-estate with $22.63 million in equity and loan loss allowances on hand to cover it. This gives Scituate Federal Savings a Texas Ratio of 19.97% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Scituate Federal Savings increased slightly from 12.28% as of September 30, 2010 to 19.97% as of September 30, 2011, resulting in a negative change of 62.58%. This indicates that the balance sheet and financial strength for Scituate Federal Savings has declined slightly in recent periods.
Deposit Growth3
In the past year, Scituate Federal Savings has decreased its total deposits by -$1.89 million, resulting in -0.86% 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 Scituate Federal Savings has shown is average.
Capitalization3
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. Scituate Federal Savings has $261.05 million in assets with $22.63 million in equity, resulting in a capitalization level of 8.67%, which is average.
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