Major Rating Factors:
Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.6 has resulted in Very Weak (1.0) profitability. A current level of 3.6 percent of nonperforming loans to core capital combined with 4.2 percent from a year earlier contributes to the Good asset quality (6.7).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 19.5 and a capital leverage ratio of 14.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.9 on a scale of 0 to 10).
Asset Mix:
Home mtgs (32%), comm re (26%), securities (10%), consumer loans (9%), comm loans (5%), cash (2%), home eq lns (2%), other (14%)
States with Branches:
MA, RI
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Beacon Bancorp
Investment Rating
--
Address
29 Broadway
Taunton, MA 02780
Taunton, MA 02780
Phone Number
(508) 824-6626
Year Founded
1846
FDIC Number
Largest Affiliates
No affiliate information available.