Major Rating Factors:
Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.8 has resulted in Fair (4.3) profitability. A current level of 21.9 percent of nonperforming loans to core capital combined with 15.5 percent from a year earlier contributes to the Fair asset quality (3.0).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 13.9. 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 (26%), cash (8%), home mtgs (2%), securities (2%), other (31%)
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.