Middlesex Federal Savings, F.A.

Overview / Commentary

www.middlesexfederal.com

617-666-4700

1 College Ave
Somerville, MA 02144

Middlesex Federal Savings, F.A. is headquartered in SOMERVILLE and is the 68^th largest bank in the state of Massachusetts. It is also the 1,442^nd largest bank in the nation. It was established in 1890 and as of March of 2023, it had grown to 67 employees at 4 locations. Middlesex Federal Savings, F.A. has a B+ health rating.

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Health

B+

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	28368
Year Established	1890
Employees	67
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.73%
Return on Equity - YTD	11.39%
Annual Interest Income	$6.1MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$624.7MM$547.2MM
Loans	Q1 2023vs Q1 2022	$472.0MM$390.6MM
Deposits	Q1 2023vs Q1 2022	$578.6MM$501.0MM
Equity Capital	Q1 2023vs Q1 2022	$40.2MM$39.7MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$5.2MM$4.6MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$0$346.00K
Real Estate Owned	Q1 2023vs Q1 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Middlesex Federal Savings, F.A. Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	$50	-	Statement Savings
0.40%	$50	-	IRA Passbook Savings
0.40%	$50	-	eStatement Savings
0.05%	$50	-	Passbook Savings
0.05%	$10	-	Club Account

Middlesex Federal Savings, F.A. Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$50k^*	$3m	Money Market Savings
OTHER TIERS: 0.10% → $50 - $10k \| 0.25% → $10k - $50k \| 0.30% → $3m+
0.40%^*	$50k^*	$3m	Business Money Market
OTHER TIERS: 0.10% → $50 - $10k \| 0.25% → $10k - $50k \| 0.30% → $3m+

Middlesex Federal Savings, F.A. Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$25k^*	-	President's Choice Checking
OTHER TIERS: 0.05% → Up to $1.5k \| 0.10% → $1.5k - $25k
0.10%	-	-	Easy Interest Business Checking

Middlesex Federal Savings, F.A. CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%	-	-	8 Month CD Special
4.25%	-	-	Business 8 Month CD Special
3.75%	$500	-	13 Month CD - Special
3.75%	$500	-	Business 13 Month CD - Special
2.75%	-	-	19 Month CD
2.75%	-	-	Business 19 Month CD
0.80%	$500	-	60 Month CD
0.80%	$500	-	Business 60 Month CD
0.70%	$500	-	48 Month CD
0.70%	$500	-	Business 48 Month CD
0.60%	$500	-	36 Month CD
0.60%	$500	-	30 Month CD
0.60%	$500	-	Business 30 Month CD
0.60%	$500	-	Business 36 Month CD
0.60%	-	-	31 Month CD
0.60%	-	-	Business 31 Month CD
0.50%	$500	-	24 Month CD
0.50%	$500	-	Business 24 Month CD
0.45%	$500	-	18 Month CD
0.45%	$500	-	Business 18 Month CD
0.40%	$500	-	12 Month CD
0.40%	$500	-	Business 12 Month CD
0.30%	$500	-	6 Month CD
0.30%	$500	-	Business 6 Month CD
0.15%	$500	-	3 Month CD
0.15%	$500	-	Business 3 Month CD

Middlesex Federal Savings, F.A. IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%	$500	-	8 Month IRA -Special
3.75%	$500	-	13 Month IRA - Special
2.75%	$500	-	18 Month IRA
0.80%	$500	-	60 Month IRA
0.70%	$500	-	48 Month IRA
0.60%	$500	-	36 Month IRA
0.60%	$500	-	30 Month IRA
0.60%	$500	-	31 Month IRA
0.50%	$500	-	24 Month IRA
0.50%	$500	-	19 Month IRA
0.40%	$500	-	12 Month IRA
0.30%	$500	-	6 Month IRA
0.15%	$500	-	3 Month IRA

Locations

Middlesex Federal Savings, F.A. Locations
Middlesex Federal Savings, F.A.	1 College Ave	Somerville, MA 02144
1196 Broadway Branch	1196 Broadway	Somerville, MA 02144
Riverside Ave Branch	53 Riverside Avenue	Medford, MA 02155

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