Milford Federal Bank
Milford, MA
IDRSSD: 227777
Total Assets
$537.79M
Latest filing
Total Deposits
$421.57M
Latest filing
Net Interest Margin
2.66%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Milford Federal Bank
246 Main St
Milford, MA 01757
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1937FDIC Certificate 42669
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Milford Federal Bank (Main) | 246 Main St | Milford, MA |
| MEDWAY RD BRANCH | 67 Medway Rd | Milford, MA |
| MILFORD FS&LA - WOONSOCKET PLAZA BRANCH | 2020 Diamond Hill Rd | Woonsocket, RI |
| WHITINSVILLE BRANCH | 1271 Providence Rd | Whitinsville, MA |
Showing 3 of 3
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Federal savings banks, federal charter, supervised by the OCC or (pre-2011) OTS |
| Primary Regulator | OCC |
| Established Date | 01/01/1937 |
| Community Bank | Yes |
| Ownership Type | Mutual |
| ZIP | 01757 |
| State and County Number | 25027 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 01 |
| Numeric code | 38 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | Worcester, MA-CT |
Operational Info
| Number of Employees | 64 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 11/17/2024 |
| Date of Deposit Insurance | 08/09/1989 |
| Primary Insurance Agency | DIF |
| Website | www.milfordfederal.com |
| Data Updated | 11/14/2025 |
| CERT | 29835 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $537.79M |
| Total Deposits | $421.57M |
| Total Liabilities | $479.66M |
| Total Equity Capital | $58.13M |
| Net Income | $568.00k |
| Net Loans and Leases | $470.07M |
| Assets Per Employee ($Millions) | $8.54M |
| Bank Premises and Fixed Assets | $10.80M |
| Cash and Balances due from Depository Institutions | $14.32M |
| Deposits Held in Domestic Offices | $421.57M |
Key Performance Ratios
| Return on Assets (ROA) | 0.43% |
| Return on Equity (ROE) | 3.94% |
| Net Interest Margin | 2.66% |
| Efficiency Ratio | 79.29% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.05% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.809% |
| Earning Assets to total Assets | 94.23% |
Income and Expense
| Total Interest Income | $5.81M |
| Total Noninterest Income | $661.00k |
| Total Interest Expense | $2.47M |
| Total Noninterest Expense | $3.17M |
| Net Interest Income | $3.34M |
| Pre-tax Net Operating Income | $766.00k |
| Provision for Credit Losses | $62.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $56.20M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.89M |
| Total Liabilities and Capital | $537.79M |
Securities
| Securities | $23.98M |
| Available-for-sale debt securities | $23.95M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $30.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Milford Federal Bank?
$537.79M as of the latest filing.
How much are Milford Federal Bank's total deposits?
$421.57M in total deposits.
Where is Milford Federal Bank located?
Milford, MA.
What is the Net Interest Margin?
2.66%.
How many domestic offices does it operate?
4.
When was it established?
01/01/1937.
What is the Return on Assets (ROA)?
0.43%.
How much are total loans and leases?
$470.07M (latest filing).
What is the total interest income (latest filing)?
$5.81M.