Major Rating Factors:
Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.5 has resulted in Very Weak (1.0) profitability. A current level of 9.9 percent of nonperforming loans to core capital combined with 8.4 percent from a year earlier contributes to the Good asset quality (5.6).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 15.6. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.5 on a scale of 0 to 10).
Asset Mix:
Comm re (28%), home mtgs (25%), securities (16%), cash (5%), home eq lns (4%), comm loans (1%), consumer loans (0%), other (20%)
States with Branches:
MA
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
Investment Rating
--
Address
155 West Street
Ware, MA 01082
Ware, MA 01082
Phone Number
(413) 967-6221
Year Founded
1850
FDIC Number
Website
Largest Affiliates
No affiliate information available.