Milford Federal Bank: how it compares with its peers
Against 35 MA banks with half to twice its assets, Milford Federal Bank's strongest measure in Q2 2026 is assets per employee ($8.4M vs. a $8.4M peer median). Its weakest relative measure is net interest margin (2.63% vs. 3.00%).
| Measure | Milford Federal Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.33% | 0.51% | Bottom third Ahead of 23% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.63% | 3.00% | Bottom third Ahead of 14% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 84.79% | 80.62% | Bottom third Ahead of 31% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.4M | $8.4M | Middle third Ahead of 49% of peers |
| Loans to deposits Net loans and leases over total deposits. | 102.75% | 91.57% | Context |
What it means for lending operations
Its efficiency ratio of 84.79% is above the 80.62% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The Cooperative Bank Roslindale, MA · $548M
- Bay State Savings Bank Worcester, MA · $580M
- Lee Bank Lee, MA · $591M
- Dean Co-operative Bank Franklin, MA · $494M
- Seamen's Bank Provincetown, MA · $478M
- Haverhill Bank Haverhill, MA · $637M
Questions about Milford Federal Bank
How big is Milford Federal Bank?
Milford Federal Bank, established in 1937, is headquartered in Milford, MA. It reported $545M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Milford Federal Bank's return on assets?
0.33% annualized in Q2 2026, against a 0.51% median for 35 MA banks with half to twice its assets, ahead of 23% of them.
What is Milford Federal Bank's efficiency ratio?
84.79% in Q2 2026: it spent about 85 cents in noninterest expense for each dollar of revenue. The peer median is 80.62%, and lower is better.
Is Milford Federal Bank growing its loans?
Net loans grew 0.5% over the year to Q2 2026, while deposits grew 12.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Massachusetts bank ranked.