Bank of New England

Bank of New England is headquartered in Salem and is the 8^th largest bank in the state of New Hampshire. It is also the 1,411^st largest bank in the nation. It was established in 1983 and as of December of 2011, it had grown to 101 employees at 9 locations. Bank of New England has a 4-star health rating.

Bank of New England Routing Number: 011401850

Bank of New England CD Rates

Data for Q4 2011

Institution Statistics Bank of New England FDIC Certificate # 24540 BankRate Report View Year Established 1983 Employees 101 Primary Regulator FDIC Assets and Liabilities Assets $470.74 million Loans $403.50 million Deposits $405.40 million Equity Capital $62.73 million Loan Loss Allowance $5.14 million Unbacked Noncurrent Loans $7.89 million Real Estate Owned $7.20 million Historic Data - December 2010 Assets $470.41 million Equity Capital $57.96 million Loan Loss Allowance $5.57 million Unbacked Noncurrent Loans $11.28 million Real Estate Owned $13.02 million Profit Margin - Quarterly Net Interest Margin 4.66% Return on Assets 1.11% Return on Equity 8.75% Interest Income $25.30 million

Institution Health Overall Score: 4 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 Bank of New England had $15.09 million in non-current loans and owned real-estate with $67.86 million in equity and loan loss allowances on hand to cover it. This gives Bank of New England a Texas Ratio of 22.23% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of New England decreased significantly from 38.25% as of December 31, 2010 to 22.23% as of December 31, 2011, resulting in a positive change of 41.88%.This indicates that the balance sheet and financial strength for Bank of New England has improved significantly in recent periods. Deposit Growth In the past year, Bank of New England has decreased its total deposits by -$5.37 million, resulting in -1.31% 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 Bank of New England has shown is below average. 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. Bank of New England has $470.74 million in assets with $67.86 million in equity, resulting in a capitalization level of 14.42%, which is excellent.

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