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 1,721^st largest bank in the nation. It was established in 1937 and as of March 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 Q1 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	0.2%
Return on Equity - YTD	1.65%
Annual Interest Income	$3.6MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$418.3MM$391.4MM
Loans	Q1 2020vs Q1 2019	$368.0MM$346.7MM
Deposits	Q1 2020vs Q1 2019	$345.2MM$319.4MM
Equity Capital	Q1 2020vs Q1 2019	$50.1MM$48.3MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$1.7MM$1.6MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$2.0MM$2.3MM
Real Estate Owned	Q1 2020vs Q1 2019	$0$847.00K

Rates

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Savings
Money Market
Checking
CD
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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
0.15%^*	$25k^*	-	EZ Choice Savings
OTHER TIERS: 0.05% → Up to $25k
0.05%	$10	-	Regular Passbook
0.05%	$10	-	Statement Savings

Milford Federal Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$75k^*	-	Money Market Account
OTHER TIERS: 0.05% → $50 - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $75k
0.20%^*	$75k^*	-	Business Money Market Account
OTHER TIERS: 0.05% → $50 - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $75k

Milford Federal Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	-	$10k	EZ Interest Checking
OTHER TIERS: 0.10% → $10k+

Milford Federal Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.90%	$1k	-	5 Year CD
0.85%	$1k	-	4 Year CD
0.75%	$1k	-	3 Year CD
0.75%	$500	-	3 Year Home Buyers CD
0.75%	$500	-	3 Year Education CD
0.70%	$1k	-	2 Year CD
0.45%	$1k	-	1 1/2 Year CD
0.40%	$1k	-	1 Year CD
0.25%	$1k	-	9 Month CD
0.20%	$1k	-	6 Month CD
0.15%	$1k	-	3 Month CD

Milford Federal Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.90%	$1k	-	5 Year IRA
0.85%	$1k	-	4 Year IRA
0.75%	$1k	-	3 Year IRA
0.70%	$1k	-	2 Year IRA
0.45%^*	$1k^*	-	1 1/2 Year IRA
OTHER TIERS: 0.25% → $25 - $1k
0.40%	$1k	-	1 Year IRA
0.25%	$1k	-	9 Month IRA
0.20%	$1k	-	6 Month IRA
0.15%	$1k	-	3 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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