Avon Co-operative Bank is headquartered in Avon and is the 142nd largest bank in the state of Massachusetts. It is also the 5,346th largest bank in the nation. It was established in 1914 and as of March of 2014, it had grown to 12 employees at 1 location. Avon Co-operative Bank has a B+ health rating.
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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 March 31, 2014 Avon Co-operative Bank had $0 in non-current loans and owned real-estate with $8.89 million in equity and loan loss allowances on hand to cover it. This gives Avon Co-operative Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Avon Co-operative Bank has decreased its total deposits by -$3.42 million, resulting in -5.25% 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 below 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 $73.78 million in assets with $8.89 million in equity, resulting in a capitalization level of 12.04%, which is excellent.
|FDIC Certificate #||26617|
|Assets and Liabilities|
|Equity Capital||$8.67 million|
|Loan Loss Allowance||$214,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$8.82 million|
|Loan Loss Allowance||$220,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$62,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.94%|
|Return on Assets||0.22%|
|Return on Equity||1.86%|
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|0.12%||$100k||-||Choice Rate Statement Savings|
|0.10%||-||-||Absolutely Free Statement Savings|
|0.15%||$100k||-||Business Money Market|
|0.12%||$100k||-||Personal Money Market Account|
|0.07%||-||-||50+ Free Interest Checking|
|0.07%||-||-||Direct Free Interest Checking|
|0.07%||$1,500||-||Choice Rate Checking|
|0.07%||-||-||Business Interest Checking|
|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|
|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 Bank||1 East Main Street||Avon, MA 2322|