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Overview / Commentary
508-586-1355
1 East Main Street
Avon, MA 02322

Avon Co-operative Bank is headquartered in Avon and is the 143rd largest bank in the state of Massachusetts. It is also the 5,358th largest bank in the nation. It was established in 1914 and as of December of 2013, it had grown to 12 employees at 1 location. Avon Co-operative Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+
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

GRADE:
A

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, 2013 Avon Co-operative Bank had $714,000 in non-current loans and owned real-estate with $8.79 million in equity and loan loss allowances on hand to cover it. This gives Avon Co-operative Bank a Texas Ratio of 8.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Avon Co-operative Bank decreased slightly from 9.50% as of December 31, 2012 to 8.12% as of December 31, 2013, resulting in a positive change of 14.45%.This indicates that the balance sheet and financial strength for Avon Co-operative Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Avon Co-operative Bank has increased its total deposits by $1.63 million, resulting in 2.66% 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.

Capitalization

GRADE:
A

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 $74.81 million in assets with $8.79 million in equity, resulting in a capitalization level of 11.75%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #26617
Year Established1914
Employees12
Primary RegulatorFED
Assets and Liabilities
Assets$74.81 million
Loans$54.14 million
Deposits$63.01 million
Equity Capital$8.57 million
Loan Loss Allowance$214,000
Unbacked Noncurrent Loans$714,000
Real Estate Owned$0
Historic Data - December 2012
Assets$75.63 million
Equity Capital$8.81 million
Loan Loss Allowance$220,000
Unbacked Noncurrent Loans$714,000
Real Estate Owned$62,000
Profit Margin - Quarterly
Net Interest Margin2.64%
Return on Assets0.22%
Return on Equity1.91%
Interest Income$2.46 million
Rates

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Avon Co-operative Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.12%$50k-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

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

Avon Co-operative Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
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
0.00%--Absolutely Free Checking
0.00%--Absolutely Free Business Checking

Avon Co-operative Bank CD Rates

DetailsAPYMINMAXPRODUCT
2.01%$1k-60 Month CD
1.50%$1k-48 Month CD
1.25%$1k-18 Month CD
1.20%$1k-36 Month CD
1.10%$1k-30 Month CD
1.00%$1k-24 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

DetailsAPYMINMAXPRODUCT
2.01%$1k-60 Month IRA
1.50%$1k-48 Month IRA
1.25%$1k-18 Month IRA
1.20%$1k-36 Month IRA
1.10%$1k-30 Month IRA
1.00%$1k-24 Month IRA
0.40%$1k-12 Month IRA
0.25%$1k-6 Month IRA
0.15%$1k-3 Month IRA
Locations


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