Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.3 on a scale of 0 to 10). 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.
Other Rating Factors:
A current level of 11.4 percent of nonperforming loans to core capital combined with 2.6 percent from a year earlier contributes to the Good asset quality (6.2). Good current capitalization (5.0 on a scale of 0 to 10) based on a risk-based capital ratio of 10.7 and a capital leverage ratio of 7.0.
Asset Mix:
Home mtgs (44%), securities (11%), comm re (10%), home eq lns (4%), comm loans (3%), consumer loans (2%), cash (1%), other (24%)
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.