Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 18.3 and a capital leverage ratio of 12.7. A current level of 1.0 percent of nonperforming loans to core capital combined with 0.6 percent from a year earlier contributes to the Excellent asset quality (9.1).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.2 on a scale of 0 to 10). Fair liquidity 4.5, driven by a liquidity ratio of 39.2 percent and a “hot money” ratio of 26.3 percent.
Asset Mix:
Securities (33%), comm re (23%), home mtgs (22%), comm loans (3%), cash (2%), home eq lns (2%), consumer loans (0%), other (15%)
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
Middlesex Bancorp MHC
Investment Rating
--
Address
Six Main Street
Natick, MA 01760
Natick, MA 01760
Phone Number
(508) 653-0300
Year Founded
1835
FDIC Number
Website
Largest Affiliates
No affiliate information available.