Milford Federal Bank

Overview / Commentary

www.milfordfederal.com

508-634-2500

246 Main St
Milford, MA 01757

Milford Federal Bank is headquartered in Milford and is the 83^rd largest bank in the state of Massachusetts. It is also the 1,834^th largest bank in the nation. It was established in 1937 and as of December of 2020, it had grown to 79 employees at 4 locations. Milford Federal Bank has an A+ health rating.

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Health

A+

Data as of Q4 2020

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Health Grade Components

Overall
FDIC Certificate #	29835
Year Established	1937
Employees	79
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.35%
Return on Equity - YTD	3%
Annual Interest Income	$13.5MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$438.7MM$413.9MM
Loans	Q4 2020vs Q4 2019	$366.0MM$363.1MM
Deposits	Q4 2020vs Q4 2019	$373.4MM$341.4MM
Equity Capital	Q4 2020vs Q4 2019	$51.1MM$49.7MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$1.7MM$1.7MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$1.3MM$1.9MM
Real Estate Owned	Q4 2020vs Q4 2019	$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.

Milford Federal Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$10	-	Regular Passbook
0.05%	$10	-	Statement Savings
0.05%	-	-	EZ Choice Savings

Milford Federal Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$75k^*	-	Money Market Account
OTHER TIERS: 0.05% → $50 - $75k
0.10%^*	$75k^*	-	Business Money Market Account
OTHER TIERS: 0.05% → $50 - $75k

Milford Federal Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	-	$10k	EZ Interest Checking
OTHER TIERS: 0.05% → $10k+

Milford Federal Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$1k	-	4 Year CD
0.50%	$1k	-	5 Year CD
0.45%	$1k	-	3 Year CD
0.45%	$500	-	3 Year Home Buyers CD
0.45%	$500	-	3 Year Education CD
0.40%	$1k	-	2 Year CD
0.20%	$1k	-	1 Year CD
0.20%	$1k	-	1 1/2 Year CD
0.15%	$1k	-	9 Month CD
0.10%	$1k	-	3 Month CD
0.10%	$1k	-	6 Month CD

Milford Federal Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$1k	-	4 Year IRA
0.50%	$1k	-	5 Year IRA
0.45%	$1k	-	3 Year IRA
0.40%	$1k	-	2 Year IRA
0.20%	$1k	-	1 Year IRA
0.20%^*	$1k^*	-	1 1/2 Year IRA
OTHER TIERS: 0.10% → $25 - $1k
0.15%	$1k	-	9 Month IRA
0.10%	$1k	-	3 Month IRA
0.10%	$1k	-	6 Month IRA

Locations

Milford Federal Bank Locations
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

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