Avidia Bank

Avidia Bank Locations
42 Main Street
Hudson, MA 01749
(800) 508-2265
www.avidiabank.com

Avidia Bank is headquartered in Hudson and is the 28th largest bank in the state of Massachusetts. It is also the 655th largest bank in the nation. It was established in 1869 and as of September of 2011, it had grown to 192 employees at 10 locations. Avidia Bank has a 3-star health rating.

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Competitive 24-Month CD Rates at Avidia Bank in Massachusetts - Local Only - 4/25/2010

Avidia Bank is offering some competitive CD and IRA CD rates. The best one is the 2-year CD which has a 2.22% APY. Other noteworthy CDs include a 1.51% APY 12-month CD and a 1.82% APY 18-month CD. Mi ...



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See Rates for: Checking | Savings | Money Market | CD | IRA

Avidia Bank Checking Account Rates

ApyMinMaxProduct
1.66%-$25keChecking
0.30%$50k-The Most Account
0.10%--Value NOW Checking
0.10%--Senior Checking
0.00%--Smart Checking

Avidia Bank Savings Account Rates

ApyMinMaxProduct
0.35%$50k-Smart Savings
0.34%$20k-Health Savings Account
0.15%--Passbook Account
0.15%--Statement Holiday Club

Avidia Bank Money Market Rates

ApyMinMaxProduct
0.45%$50k-IRA Money Market
0.40%$100k-Money Market

Avidia Bank CD Rates

ApyMinMaxProduct
2.02%$1k-60 Month CD
1.77%$1k-48 Month CD
1.61%$1k-36 Month CD
1.16%$1k-24 Month CD
0.90%$1k-18 Month CD
0.80%$1k-12 Month CD
0.50%$1k-6 Month CD
0.40%$1k-3 Month CD

Avidia Bank IRA Rates

ApyMinMaxProduct
2.17%$500-60 Month IRA CD
2.17%$500-60 Month Roth IRA CD
2.17%$500-60 Month CESA CD
1.92%$500-48 Month IRA CD
1.92%$500-48 Month Roth IRA CD
1.92%$500-48 Month CESA CD
1.77%$500-36 Month IRA CD
1.77%$500-36 Month Roth IRA CD
1.77%$500-36 Month CESA CD
1.31%$500-24 Month IRA CD
1.31%$500-24 Month Roth IRA CD
1.31%$500-24 Month CESA CD
1.06%$500-18 Month IRA CD
1.06%$500-18 Month Roth IRA CD
1.06%$500-18 Month CESA CD
0.95%$500-12 Month IRA CD
0.95%$500-12 Month Roth IRA CD
0.95%$500-12 Month CESA CD

Rates updated: 2/21/2012

Data for Q3 2011


Institution Statistics


Avidia Bank
FDIC Certificate #90215
BankRate ReportView
Year Established1869
Employees192
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.02 billion
Loans$702.49 million
Deposits$800.57 million
Equity Capital$81.52 million
Loan Loss Allowance$7.12 million
Unbacked Noncurrent Loans$18.84 million
Real Estate Owned$1.57 million

Historic Data - September 2010

Assets$988.56 million
Equity Capital$77.08 million
Loan Loss Allowance$6.58 million
Unbacked Noncurrent Loans$18.71 million
Real Estate Owned$2.90 million

Profit Margin - Quarterly

Net Interest Margin3.16%
Return on Assets0.39%
Return on Equity5%
Interest Income$32.04 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Avidia Bank had $20.4 million in non-current loans and owned real-estate with $88.64 million in equity and loan loss allowances on hand to cover it. This gives Avidia Bank a Texas Ratio of 23.02% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Avidia Bank held steady from 25.83% as of September 30, 2010 to 23.02% as of September 30, 2011, resulting in a positive change of 10.88%.This indicates that the balance sheet and financial strength for Avidia Bank has held steady in recent periods.
Deposit Growth4
In the past year, Avidia Bank has increased its total deposits by $35.83 million, resulting in 4.68% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Avidia Bank has shown is above average.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Avidia Bank has $1.02 billion in assets with $88.64 million in equity, resulting in a capitalization level of 8.69%, which is average.
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