Dearborn Federal Savings Bank is headquartered in DEARBORN and is the 52nd largest bank in the state of Michigan. It is also the 2,610th largest bank in the nation. It was established in 1936 and as of June of 2024, it had grown to 45 employees at 5 locations. Dearborn Federal Savings Bank's CD rates are 5X the national average, and it has an A health rating.
Poor Customer Service
Terrible bank. We had perfect credit. Our escrow went up by $15. We are set up on autopay. When we noticed, we called and asked if it was ok to just adjust the autopay and include it in the follow month. They said yes, that would be fine. They then reported it against our credit and refuse to fix the problem. If it was not ok to pay next month, they should have told us that when we asked and we would have gladly paid the $15. Terrible customer service in a bank that is stuck in the 90’s.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29874 |
| Year Established | 1936 |
| Employees | 45 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.07% |
| Return on Equity - YTD | -0.23% |
| Annual Interest Income | $4.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $272.8MM$267.5MM |
| Loans | Q2 2024vs Q2 2023 | $203.5MM$190.9MM |
| Deposits | Q2 2024vs Q2 2023 | $169.7MM$180.2MM |
| Equity Capital | Q2 2024vs Q2 2023 | $78.5MM$78.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.8MM$1.7MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $82K$320K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |