Major Rating Factors:
Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.4 has resulted in Weak (2.3) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.6 on a scale of 0 to 10).
Other Rating Factors:
A current level of 1.3 percent of nonperforming loans to core capital combined with 12.5 percent from a year earlier contributes to the Excellent asset quality (9.2). Excellent current capitalization (7.7 on a scale of 0 to 10) and a capital leverage ratio of 9.5.
Asset Mix:
Home mtgs (47%), securities (18%), comm re (9%), home eq lns (2%), cash (1%), comm loans (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
Wakefield Bancorp MHC
Investment Rating
--
Address
357 Main Street
Wakefield, MA 01880
Wakefield, MA 01880
Phone Number
(800) 246-2009
Year Founded
1869
FDIC Number
Website
Largest Affiliates
Wellesley, MA
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Bank