The Office of the Comptroller of the Currency gave Guardian Savings Bank F.S.B. a "needs to improve" rating in its latest Community Reinvestment Act performance evaluations.
The OCC found that the bank's "geographic distribution of lending to low- and moderate-income census tracts reflects poor distribution in both of [its] assessment areas." Borrower income distribution, however, is reasonable in both assessment areas. The lending test included loans originated from Jan. 1, 2014, to Dec. 31, 2016.
Guardian Savings Bank was rated "satisfactory" in its community development test, with the regulator finding that the bank's responsiveness to community development through lending, investments and services is adequate. The community development test considered loans, investments and services from Jan. 6, 2014, to Feb. 21, 2017.
The West Chester, Ohio-based bank is a unit of Guardian Bancorp Inc.