Avon Co-operative Bank

Avon Co-operative Bank is headquartered in Avon and is the 154^th largest bank in the state of Massachusetts. It is also the 5,855^th largest bank in the nation. It was established in 1914 and as of December of 2011, it had grown to 13 employees at 1 location. Avon Co-operative Bank has a 5-star health rating.

Data for Q4 2011

Institution Statistics Avon Co-operative Bank FDIC Certificate # 26617 BankRate Report View Year Established 1914 Employees 13 Primary Regulator FED Assets and Liabilities Assets $67.87 million Loans $38.85 million Deposits $58.85 million Equity Capital $8.58 million Loan Loss Allowance $203,000 Unbacked Noncurrent Loans $869,000 Historic Data - December 2010 Assets $65.21 million Equity Capital $8.17 million Loan Loss Allowance $287,000 Unbacked Noncurrent Loans $787,000 Profit Margin - Quarterly Net Interest Margin 3.21% Return on Assets 0.37% Return on Equity 2.95% Interest Income $2.68 million

Institution Health Overall Score: 5 out of 5 Texas Ratio 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 December 31, 2011 Avon Co-operative Bank had $869,000 in non-current loans and owned real-estate with $8.78 million in equity and loan loss allowances on hand to cover it. This gives Avon Co-operative Bank a Texas Ratio of 9.89% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Avon Co-operative Bank held steady from 9.30% as of December 31, 2010 to 9.89% as of December 31, 2011, resulting in a negative change of 6.31%. This indicates that the balance sheet and financial strength for Avon Co-operative Bank has held steady in recent periods. Deposit Growth In the past year, Avon Co-operative Bank has increased its total deposits by $3.14 million, resulting in 5.64% 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 excellent. Capitalization 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 $67.87 million in assets with $8.78 million in equity, resulting in a capitalization level of 12.94%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.