Chelsea-Provident Co-operative Bank

Chelsea-Provident Co-operative Bank is headquartered in Chelsea and is the 157^th largest bank in the state of Massachusetts. It is also the 6,314^st largest bank in the nation. It was established in 1970 and as of March of 2012, it had grown to 15 employees at 1 location. Chelsea-Provident Co-operative Bank has a 4-star health rating.

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Data for Q1 2012

Institution Statistics Chelsea Bank FDIC Certificate # 26548 BankRate Report View Year Established 1970 Employees 15 Primary Regulator FED Assets and Liabilities Assets $52.03 million Loans $35.86 million Deposits $45.96 million Equity Capital $5.13 million Loan Loss Allowance $342,000 Unbacked Noncurrent Loans $726,000 Historic Data - March 2011 Assets $50.51 million Equity Capital $4.97 million Loan Loss Allowance $367,000 Unbacked Noncurrent Loans $1.08 million Profit Margin - Quarterly Net Interest Margin 3.41% Return on Assets 0.26% Return on Equity 2.59% Interest Income $495,000

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 March 31, 2012 Chelsea-Provident Co-operative Bank had $726,000 in non-current loans and owned real-estate with $5.47 million in equity and loan loss allowances on hand to cover it. This gives Chelsea-Provident Co-operative Bank a Texas Ratio of 13.28% 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 Chelsea-Provident Co-operative Bank decreased slightly from 20.24% as of March 31, 2011 to 13.28% as of March 31, 2012, resulting in a positive change of 34.38%.This indicates that the balance sheet and financial strength for Chelsea-Provident Co-operative Bank has improved slightly in recent periods. Deposit Growth In the past year, Chelsea-Provident Co-operative Bank has increased its total deposits by $1.97 million, resulting in 4.48% 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 Chelsea-Provident Co-operative Bank has shown is above 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. Chelsea-Provident Co-operative Bank has $52.03 million in assets with $5.47 million in equity, resulting in a capitalization level of 10.51%, which is above average.

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