Milford Federal Bank
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Data as of · sourced from FFIEC call reports. How we update
Milford Federal Bank is an FDIC-insured savings institution headquartered in Milford, MA, established in 1937 (FDIC certificate 29835), and it is supervised by the OCC. At Q2 2026 it reported total assets of $545.1M, up 3.2% from Q2 2025, the 68th largest of 89 banks headquartered in Massachusetts. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.94% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 29835
- Headquarters
- Milford, MA
- Established
- 1937
- Total assets, Q2 2026
- $545.1M
- Assets vs Q2 2025
- +3.2%
- Tier 1 leverage ratio, Q2 2026
- 11.94%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 211371324
- Latest call report
- Q2 2026, FFIEC 051 · Milford Federal Bank call report
- Asset rank in state
- 68th of 89 in Massachusetts
Milford Federal Bank spends more to run itself than most banks of its size. The Milford, Massachusetts bank had $545 million in assets at June 30, 2026, up 3.2% from a year earlier. It earns about $0.39 a year on every $100 of assets, about a third the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 83 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $498,000, 42% above the same quarter a year earlier. Over the same year, loans grew 0.5% and deposits grew 12.0%. Its margin is thin by comparison: it keeps 2.71 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.95 cents).
As of June 30, 2026, Milford Federal Bank reported a return on assets of 0.39%, a nonperforming-loan ratio of 0.40% and a Texas ratio of 3.01%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Milford Federal Bank is the 68th largest of the 89 banks headquartered in Massachusetts. From Q1 2026 to Q2 2026, its total assets fell 0.1% to $545.1M, loans rose 0.4% and deposits rose 1.4%. 1-4 family residential loans made up 89.4% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 3.4%. The FDIC Summary of Deposits lists 4 offices for it, in Milford, MA, Woonsocket, RI and Whitinsville, MA; its Milford 2 offices book 72% of its branch deposits. Judged on its Q2 2026 call report, Milford Federal Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 246 Main St, Milford, MA 01757
- County
- Worcester
- Metro Area
- Worcester, MA
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1937
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 65
- Domestic deposits
- $451.5M
- Allowance for credit losses
- $2.1M
- Net charge-offs (YTD)
- $3K
- Average total assets
- $508.6M
- Average total loans
- $458.9M
- Average interest-bearing deposits
- $397.9M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29835
- Fed RSSD
- 227777
- Website
- www.milfordfederal.com →
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Milford Federal Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Milford Federal Bank's total assets ranged from $492.9M (Q3 2023) to $545.5M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$545.1M total assets against $528.4M; $485.5M total liabilities against $471.3M.
$463.9M net loans and leases against $461.6M; $451.5M total deposits against $403.3M.
$22.2M securities against $24.3M; $31.1M cash and balances due against $12.6M.
$6.0M total interest income against $5.6M; $2.6M total interest expense against $2.4M.
$3.5M net interest income against $3.2M.
$466K total noninterest income against $646K; $3.3M total noninterest expense against $3.3M.
$9K provision for credit losses against $99K.
$498K net income against $351K.
0.39% return on assets against 0.27%; 2.71% net interest margin against 2.62%.
11.94% tier 1 leverage ratio against 11.22%.
Inside the full Milford Federal Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Milford Federal Bank rankings
Its closest position to the top of a national ranking is 1,675 of 4,196, for total assets; its furthest is 3,340 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.09% (Q4 2024) to 0.47% (Q4 2025) and its net interest margin ran from 2.31% (Q1 2025) to 2.71% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.94% | 0.39% | 0.40% | 3.01% | 2.71% |
| Q1 2026 | 11.13% | 0.29% | 0.44% | 3.35% | 2.54% |
| Q4 2025 | 11.05% | 0.47% | 0.40% | 3.03% | 2.63% |
| Q3 2025 | 11.11% | 0.43% | 0.39% | 3.09% | 2.70% |
| Q2 2025 | 11.22% | 0.27% | 0.23% | 1.81% | 2.62% |
| Q1 2025 | 11.13% | 0.13% | 0.10% | 0.74% | 2.31% |
| Q4 2024 | 11.25% | 0.09% | 0.21% | 1.61% | 2.34% |
| Q3 2024 | 11.55% | 0.24% | 0.35% | 2.65% | 2.42% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Milford Federal Bank (main office) | Milford , MA | 01757 | $251.5M |
| Medway Rd Branch | Milford , MA | 01757 | $73.5M |
| - Woonsocket Plaza Branch | Woonsocket , RI | 02895 | $63.6M |
| Whitinsville Branch | Whitinsville , MA | 01588 | $62.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MA, rank 82 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 218 applications, 159 loans originated, $52.3M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- Enforcement actions, SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Milford Federal Bank
What are Milford Federal Bank's total assets?
As of the Q2 2026 filing, Milford Federal Bank reported total assets of $545.1 million in its FFIEC call report.
Where is Milford Federal Bank headquartered?
It is headquartered in Milford, MA, United States.
When was Milford Federal Bank founded?
It was established in 1937, per the FDIC institution directory.
Is Milford Federal Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #29835). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Milford Federal Bank?
Milford Federal Bank's primary federal regulator is the OCC.
How many branches does Milford Federal Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Milford Federal Bank's Texas Ratio?
Its Texas Ratio is 3.01% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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