Major Rating Factors:
Operating profits as a percentage of assets at 0.3%, coupled with a return on assets of 0.3 has resulted in Weak (2.0) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (2.8 on a scale of 0 to 10).
Other Rating Factors:
Weak liquidity 2.5, driven by a liquidity ratio of 3.6 percent and a “hot money” ratio of 19.9 percent. Fair current capitalization (4.9 on a scale of 0 to 10) based on a risk-based capital ratio of 10.6 and a capital leverage ratio of 6.9.
Asset Mix:
Home mtgs (47%), securities (11%), comm re (10%), comm loans (4%), home eq lns (3%), consumer loans (2%), cash (1%), other (22%)
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
180 Haven Street
Reading, MA 01867
Reading, MA 01867
Phone Number
(781) 942-5000
Year Founded
1886
FDIC Number
Website
Largest Affiliates
No affiliate information available.