Headquartered in Milford, Massachusetts, Milford Federal Bank is a savings bank with $545.1M in total assets and $451.5M in deposits as of Q2 2026. It operates 4 offices across 2 states. Its charter dates back to 1937.
Milford Federal Bank has a TellerScore of 67 out of 100 (moderate) based on Q2 2026 data — higher than only 34% of its 2,650 banks with $100 million – $1 billion. Among 92 banks headquartered in Massachusetts, it ranks 37th. Problem-loan coverage contributes the most (94/100, 3.0%); earnings contributes the least (33/100, 0.33%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 3 points (64 → 67), mostly because the funding & liquidity component improved by 8 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 65 |
| Q3 2024 | 65 |
| Q4 2024 | 65 |
| Q1 2025 | 65 |
| Q2 2025 | 64 |
| Q3 2025 | 63 |
| Q4 2025 | 64 |
| Q1 2026 | 64 |
| Q2 2026 | 67 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 11.57% |
| Q3 2024 | 11.55% |
| Q4 2024 | 11.25% |
| Q1 2025 | 11.13% |
| Q2 2025 | 11.22% |
| Q3 2025 | 11.11% |
| Q4 2025 | 11.05% |
| Q1 2026 | 11.13% |
| Q2 2026 | 11.94% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.31% |
| Q3 2024 | 0.35% |
| Q4 2024 | 0.21% |
| Q1 2025 | 0.10% |
| Q2 2025 | 0.23% |
| Q3 2025 | 0.39% |
| Q4 2025 | 0.40% |
| Q1 2026 | 0.44% |
| Q2 2026 | 0.40% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.22% |
| Q3 2024 | 0.23% |
| Q4 2024 | 0.19% |
| Q1 2025 | 0.13% |
| Q2 2025 | 0.20% |
| Q3 2025 | 0.27% |
| Q4 2025 | 0.33% |
| Q1 2026 | 0.29% |
| Q2 2026 | 0.33% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 67 | $545.1M | 11.94% | 0.40% | 0.33% | 102.7% |
| Q1 2026 | 64 | $545.5M | 11.13% | 0.44% | 0.29% | 103.8% |
| Q4 2025 | 64 | $541.2M | 11.05% | 0.40% | 0.33% | 107.2% |
| Q3 2025 | 63 | $537.8M | 11.11% | 0.39% | 0.27% | 111.5% |
| Q2 2025 | 64 | $528.4M | 11.22% | 0.23% | 0.20% | 114.5% |
| Q1 2025 | 65 | $519.3M | 11.13% | 0.10% | 0.13% | 110.9% |
| Q4 2024 | 65 | $524.2M | 11.25% | 0.21% | 0.19% | 113.0% |
| Q3 2024 | 65 | $507.0M | 11.55% | 0.35% | 0.23% | 118.8% |
| Q2 2024 | 65 | $501.5M | 11.57% | 0.31% | 0.22% | 116.5% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Massachusetts
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| The Cooperative BankBank Roslindale, MA | 52 out of 100, Below average | $548.3M | 9.3% | 0.57% | vs |
| Bay State Savings BankBank Worcester, MA | 57 out of 100, Moderate | $580.3M | 8.8% | 0.47% | vs |
| Lee BankBank Lee, MA | 64 out of 100, Moderate | $591.2M | 9.6% | 0.52% | vs |
| Dean Co-operative BankBank Franklin, MA | 61 out of 100, Moderate | $494.3M | 8.3% | 0.13% | vs |
| Seamen's BankBank Provincetown, MA | 70 out of 100, Strong | $478.5M | 12.6% | 0.76% | vs |
| Haverhill BankBank Haverhill, MA | 77 out of 100, Strong | $636.8M | 11.2% | 0.14% | vs |
Deposit insurance
Is my money safe at Milford Federal Bank?
Yes. Milford Federal Bank is an FDIC-insured institution (FDIC certificate #29835). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 7.9% of deposits ($35.6M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 11.94%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
4 locations
Branches
Milford Federal Bank lists 4 offices in 3 cities across 2 states. Most locations:
- Milford, MA (2)
- Whitinsville, MA (1)
- Woonsocket, RI (1)
HMDA 2025
Mortgage lending
In 2025, Milford Federal Bank reported 208 home-loan applications under HMDA (LEI 549300686RMBOL8Y1T93): 159 originated ($52,285,000 total), 23 denied, and 21 withdrawn or closed by the applicant. Its denial rate on decided applications was 12.3%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Milford Federal Bank
- Former names
- Milford Federal Savings and Loan Association
- Type
- Savings bank
- FDIC certificate #
- 29835
- RSSD ID
- 227777
- Primary regulator
- OCC
- Established
- January 1, 1937
- Headquarters
- 246 Main St, Milford, MA 01757
- Website
- www.milfordfederal.com
- Employees
- 65
Quick answers
Milford Federal Bank: common questions
Is Milford Federal Bank FDIC insured?
Yes. Milford Federal Bank is an FDIC-insured institution (FDIC certificate #29835). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Milford Federal Bank's TellerScore?
67 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Milford Federal Bank ever failed?
There is no failure record for FDIC certificate #29835 in the FDIC failed bank list.
How many branches does Milford Federal Bank have?
4 offices as of the latest FDIC data, in 2 states.
Nearby
Highest-scoring banks and credit unions with branches near Milford
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Cambridge Firefighters Federal Credit UnionCredit union Cambridge, MA | 92 out of 100, Very strong | $14.2M | 25.8% | 0.27% | vs |
| Watertown Municipal Credit UnionCredit union Watertown, MA | 91 out of 100, Very strong | $9.7M | 36.9% | 0.00% | vs |
| Attleboro M E Federal Credit UnionCredit union Attleboro, MA | 90 out of 100, Very strong | $24.6M | 13.7% | 0.13% | vs |
| NorthEast Community BankBank White Plains, NY | 90 out of 100, Very strong | $2.1B | 17.3% | 0.00% | vs |
| Somerville Municipal Federal Credit UnionCredit union Somerville, MA | 89 out of 100, Very strong | $49.0M | 19.1% | 0.48% | vs |
| Brookline Municipal Credit UnionCredit union Brookline, MA | 88 out of 100, Very strong | $51.0M | 13.4% | 0.03% | vs |