Hatboro Federal Savings, FA

Overview / Commentary
221 South York Road
Hatboro, PA 19040

Hatboro Federal Savings, FA is headquartered in HATBORO and is the 73rd largest bank in the state of Pennsylvania. It is also the 1,641st largest bank in the nation. It was established in 1941 and as of March of 2023, it had grown to 37 employees at 4 locations. Hatboro Federal Savings, FA has a B+ health rating.

Reviews (3)

Hatboro Fed

I opened a CD at Hatboro Federal Savings due their competitive CD rates. I was looking online for banks that were offering good rates and fund Hatboro Fed which was close to my house. I think they were able to offer such competitive rates due to being a local bank compared to banks like Wells Fargo or PNC. I went in to the Hatboro branch to open the CD and the customer service was great. The process to open the CD was very easy and I left feeling that my money was safe and that this was a good investment decision

Bad Communication And Service

Posted by: |

When I opened my checking account they did not say anything about holding my money for 30 days. When I called to see why our money was not available they said that our money was being held because it was a new account and would be held for 30 days. Their flyer states for new accounts that deposits over 5525.00 dollars other than cash wire transfer or electronic deposits will be available the 9th business day following the day of deposit. . I deposited half that amount and they still held my money. Not a customer friendly bank. They don't follow what is on their flyer.

Deposit Growth Has Declinded By 47 Million

Here is why.... As of 9-26-2023 a 3, 4, and 5 Year CD is paying 1.25%, while other local banks are paying 4.50% and up. Deposit Accounts gives Hatboro a "F" for deposit growth.

Here is the review from Deposit Accounts.
"In the past year, Hatboro Federal Savings, FA has decreased its total non-brokered deposits by -$47.1 million, resulting in -10.33% 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 Hatboro Federal Savings, FA has shown is poor. "


Health Grade Components

FDIC Certificate #30155
Year Established1941
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD5.42%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$546.0MM$589.2MM
LoansQ1 2023vs Q1 2022$364.0MM$327.1MM
DepositsQ1 2023vs Q1 2022$408.7MM$455.8MM
Equity CapitalQ1 2023vs Q1 2022$128.8MM$125.8MM
Loan Loss AllowanceQ1 2023vs Q1 2022$1.8MM$1.6MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$3.5MM$3.8MM
Real Estate OwnedQ1 2023vs Q1 2022$0$0

Rates for Hatboro Federal Savings, FA are currently being reviewed.


Hatboro Federal Savings, FA Locations
Hatboro Federal Savings, FA221 S York RdHatboro, PA 19040
Jamison Branch2539 York RoadJamison, PA 18929
Warrington BranchEaston and Bristol RoadsWarrington, PA 18976
Warminster BranchYork and Street RoadsWarminster, PA 18974

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