Overview / Commentary
Founded on November 5, 1948, and named for agricultural researcher and scientist George Washington Carver, Carver formally began operations on 125th Street in Harlem, providing local residents a place to save and obtain mortgages to buy homes in their own communities on January 5, 1949. Now the largest African-American and Caribbean-American led bank in the United States, Carver continues its mission, providing banking services and by investing in its most precious resource, its customers. Carver channels its capital resources into underserved neighborhoods, investing over 80% of its deposits into the neighborhoods it serves.
Health
C
Data as of Q4 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Carver Federal Savings Bank has a negative return on equity.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30394 |
| Year Established | 1948 |
| Employees | 111 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.83% |
| Return on Equity - YTD | -10.61% |
| Annual Interest Income | $35.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $731.7MM$776.9MM |
| Loans | Q4 2024vs Q4 2023 | $604.8MM$618.8MM |
| Deposits | Q4 2024vs Q4 2023 | $644.9MM$673MM |
| Equity Capital | Q4 2024vs Q4 2023 | $54.2MM$60.2MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $6.1MM$5.9MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $22.8MM$26.9MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $52K$60K |