Milford Federal Bank is headquartered in MILFORD and is the 77th largest bank in the state of Massachusetts. It is also the 1,759th largest bank in the nation. It was established in 1937 and as of June of 2023, it had grown to 67 employees at 4 locations. Milford Federal Bank's CD rates are 5X the national average, and it has a B+ health rating.
Overall | |
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FDIC Certificate # | 29835 |
Year Established | 1937 |
Employees | 67 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.37% |
Return on Equity - YTD | 3.36% |
Annual Interest Income | $8.8MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $493.9MM$456.0MM |
Loans | Q2 2023vs Q2 2022 | $422.9MM$386.5MM |
Deposits | Q2 2023vs Q2 2022 | $375.5MM$396.4MM |
Equity Capital | Q2 2023vs Q2 2022 | $54.1MM$52.1MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $2.2MM$1.9MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $949.00K$602.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.04% | $10 | - | Business Statement Saving | ||
0.20%* | $25k* | - | EZ Choice Savings | ||
OTHER TIERS: 0.10% → Up to $25k | |||||
0.05% | $10 | - | Regular Passbook | ||
0.05% | $10 | - | Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.25%* | - | $10k | EZ Interest Checking | ||
OTHER TIERS: 0.10% → $10k+ |
Milford Federal Bank Locations | ||
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Whitinsville Branch | 1271 Providence Road | Whitinsville, MA 01588 |
Woonsocket Branch | 2020 Diamond Hill Road | Woonsocket, RI 02895 |
Milford Federal Savings and Loan Association | 246 Main St | Milford, MA 01757 |
Route 109 Plaza Branch | 91 Medway Road | Milford, MA 01757 |