Major Rating Factors:
A current level of 13.8 percent of nonperforming loans to core capital combined with 5.6 percent from a year earlier contributes to the Fair asset quality (3.7). Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.6 has resulted in Very Weak (0.8) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 13.8. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.7 on a scale of 0 to 10).
Asset Mix:
Comm re (31%), comm loans (28%), cash (8%), home mtgs (2%), securities (2%), other (29%)
States with Branches:
MA, NH
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
Provident Bancorp, Inc.
Investment Rating
--
Address
Five Market Street
Amesbury, MA 01913
Amesbury, MA 01913
Phone Number
(877) 487-2977
Year Founded
1828
FDIC Number
Website
Largest Affiliates
No affiliate information available.