Carver Federal Savings Bank


Overview / Commentary
718-230-2900
75 West 125th Street at Lenox Avenue
New York, NY 10027

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.

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Health
Additional 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 Established1948
Employees111
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.83%
Return on Equity - YTD-10.61%
Annual Interest Income$35.9MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$731.7MM$776.9MM
LoansQ4 2024vs Q4 2023$604.8MM$618.8MM
DepositsQ4 2024vs Q4 2023$644.9MM$673MM
Equity CapitalQ4 2024vs Q4 2023$54.2MM$60.2MM
Loan Loss AllowanceQ4 2024vs Q4 2023$6.1MM$5.9MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$22.8MM$26.9MM
Real Estate OwnedQ4 2024vs Q4 2023$52K$60K
Rates

Rates for Carver Federal Savings Bank are currently being reviewed.

Locations


Carver Federal Savings Bank Locations
Crown Heights Branch1009 Nostrand AvenueBrooklyn, NY 11225
St. Albans Branch115-02 Merrick BlvdJamaica, NY 11434
Bedford-Stuyvesant Branch1392 Fulton StreetBrooklyn, NY 11216
Malcolm X Boulevard Branch142 Malcolm X BoulevardNew York, NY 10026
Atlantic Terminal Branch4 Hanson PlaceBrooklyn, NY 11217
Carver Federal Savings Bank75 W 125th StNew York, NY 10027
Flatbush Branch833 Flatbush AvenueBrooklyn, NY 11226

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