Milford Federal Bank
Milford, Massachusetts · FDIC Cert #29835
Milford Federal Bank is an FDIC-insured bank (Certificate #29835) with $502M in total assets and $374M in total deposits as of the Q2 2024 Call Report. Headquartered in Milford, Massachusetts, the bank maintains a Tier 1 capital ratio of 19.22% (Well-Capitalized) and a nonperforming loan ratio of 0.31%. BankHealthData assigns a composite Health Grade of B (68/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Milford Federal Bank (FDIC cert 29835) is a community bank — $502M in total assets, $374M in deposits, serving the Milford, Massachusetts area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 19.22% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.31% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 7.1% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is thin: ROA of 0.28% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Milford Federal Bank carries a composite BankHealth grade of B (68/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Milford Federal Bank
- Total Assets
- $502M
- Total Deposits
- $374M
- Tier 1 Capital Ratio
- 19.22%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.31%
- Liquidity Ratio
- 7.11%
- Return on Assets
- 0.28%
- Headquarters
- Milford, Massachusetts
- FDIC Certificate
- #29835
- Health Grade
- B (68/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Milford Federal Bank holds a Tier 1 capital ratio of 19.22%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Milford Federal Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Milford Federal Bank shows strong financial health indicators. With $502M in assets and a Health Score of 68/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Milford Federal Bank Compares
Milford Federal Bank’s Health Score of 68 is 0 points above the Massachusetts state average of 68 across 97 FDIC-insured banks. Its 19.22% Tier 1 capital ratio is 5.2 points above the US banking industry average near 14%. The 0.31% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.28% is below the national ROA benchmark of ~1.1%. Among 1459 similarly-sized banks, the average Health Score is 70, meaning this bank ranks below its size cohort. Site-wide, Milford Federal Bank is 2 points below the portfolio average of 70.
Frequently Asked Questions
Milford Federal Bank has a Bank Health Score of B (68/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 19.22%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Milford Federal Bank's Tier 1 capital ratio of 19.22% and nonperforming loan ratio of 0.31% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Milford Federal Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #29835). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Milford Federal Bank holds $502M in total assets and $374M in total deposits. It is headquartered in Milford, Massachusetts (FDIC Certificate #29835).
Milford Federal Bank has a Tier 1 capital ratio of 19.22%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.31%, and the return on assets is 0.28%.
Yes. Milford Federal Bank is FDIC-insured (Certificate #29835). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Milford Federal Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.