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1 East Main Street
Avon, MA 02322

Avon Co-operative Bank is headquartered in Avon and is the 141st largest bank in the state of Massachusetts. It is also the 5,169th largest bank in the nation. It was established in 1914 and as of June of 2014, it had grown to 12 employees at 1 location. Avon Co-operative Bank has a B+ health rating.

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Avon Co-operative Bank (MA) Raises Rate On 30-Month CD - 8/27/2014

Avon Co-operative Bank (metropolitan Boston area) has raised the rate on its 30-month CD to 1.61% APY. It requires a $1K deposit to open and is available as an IRA.

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Data for Q2 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Avon Co-operative Bank has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Avon Co-operative Bank had $1.07 million in non-current loans and owned real-estate with $8.97 million in equity and loan loss allowances on hand to cover it. This gives Avon Co-operative Bank a Texas Ratio of 11.94% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Avon Co-operative Bank has increased its total deposits by $1.61 million, resulting in 2.51% 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 Avon Co-operative Bank has shown is above average.



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. Avon Co-operative Bank has $79.88 million in assets with $8.97 million in equity, resulting in a capitalization level of 11.23%, which is excellent.

Institution Statistics

FDIC Certificate #26617
Year Established1914
Primary RegulatorFED
Assets and Liabilities
Assets$79.88 million
Loans$60.70 million
Deposits$65.71 million
Equity Capital$8.74 million
Loan Loss Allowance$234,000
Unbacked Noncurrent Loans$1.07 million
Real Estate Owned$0
Historic Data - June 2013
Assets$77.11 million
Equity Capital$8.68 million
Loan Loss Allowance$213,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.35%
Return on Equity3.07%
Interest Income$1.29 million

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Avon Co-operative Bank Savings Account Rates

0.12%$100k-Choice Rate Statement Savings
0.10%--Absolutely Free Statement Savings
0.10%--Passbook Savings
0.10%$100k-Business Savings

Avon Co-operative Bank Money Market Rates

0.15%$100k-Business Money Market
0.12%$100k-Personal Money Market Account

Avon Co-operative Bank Checking Account Rates

0.07%--50+ Free Interest Checking
0.07%--Direct Free Interest Checking
0.07%$1,500-Choice Rate Checking
0.07%--Business Interest Checking
0.05%--IOLTA Checking

Avon Co-operative Bank CD Rates

2.01%$1k-60 Month CD
1.61%$1k-30 Month CD
1.20%$1k-48 Month CD
1.10%$1k-36 Month CD
0.85%$1k-24 Month CD
0.75%$1k-18 Month CD
0.40%$1k-12 Month CD
0.25%$1k-6 Month CD
0.15%$1k-3 Month CD

Avon Co-operative Bank IRA Rates

2.01%$1k-60 Month IRA
1.61%$1k-30 Month IRA
1.20%$1k-48 Month IRA
1.10%$1k-36 Month IRA
0.85%$1k-24 Month IRA
0.75%$1k-18 Month IRA
0.40%$1k-12 Month IRA
0.25%$1k-6 Month IRA
0.15%$1k-3 Month IRA

Avon Co-operative Bank Locations
Avon Co-Operative Bank1 East Main StreetAvon, MA 2322