Beverly Co-operative Bank

Beverly Co-operative Bank is headquartered in Beverly and is the 91^st largest bank in the state of Massachusetts. It is also the 2,170^th largest bank in the nation. It was established in 1888 and as of December of 2011, it had grown to 59 employees at 6 locations. Beverly Co-operative Bank has a 4-star health rating.

Data for Q4 2011

Institution Statistics Beverly Co-operative Bank FDIC Certificate # 26601 BankRate Report View Year Established 1888 Employees 59 Primary Regulator FDIC Assets and Liabilities Assets $297.63 million Loans $222.28 million Deposits $245.90 million Equity Capital $23.60 million Loan Loss Allowance $3.15 million Unbacked Noncurrent Loans $2.40 million Real Estate Owned $132,000 Historic Data - December 2010 Assets $300.22 million Equity Capital $21.89 million Loan Loss Allowance $3.08 million Unbacked Noncurrent Loans $3.62 million Profit Margin - Quarterly Net Interest Margin 3.6% Return on Assets 0.61% Return on Equity 8.02% Interest Income $13.31 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 Beverly Co-operative Bank had $2.53 million in non-current loans and owned real-estate with $26.75 million in equity and loan loss allowances on hand to cover it. This gives Beverly Co-operative Bank a Texas Ratio of 9.45% 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 Beverly Co-operative Bank decreased slightly from 14.69% as of December 31, 2010 to 9.45% as of December 31, 2011, resulting in a positive change of 35.63%.This indicates that the balance sheet and financial strength for Beverly Co-operative Bank has improved slightly in recent periods. Deposit Growth In the past year, Beverly Co-operative Bank has increased its total deposits by $248,000, resulting in 0.1% 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 Beverly Co-operative Bank has shown is 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. Beverly Co-operative Bank has $297.63 million in assets with $26.75 million in equity, resulting in a capitalization level of 8.99%, which is average.

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