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 Weak (2.8) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.3 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (7.5 on a scale of 0 to 10) and a capital leverage ratio of 9.4. A current level of 8.3 percent of nonperforming loans to core capital combined with 7.8 percent from a year earlier contributes to the Good asset quality (5.4).
Asset Mix:
Home mtgs (51%), comm re (14%), securities (11%), cash (9%), comm loans (3%), home eq lns (3%), consumer loans (1%), other (8%)
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
243 Broadway
Methuen, MA 01844
Methuen, MA 01844
Phone Number
(978) 682-5271
Year Founded
1923
FDIC Number
Website
Largest Affiliates
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