Equitable Co-operative Bank

Equitable Co-operative Bank Locations
400 Broadway
Lynn, MA 1904
781-599-5600
www.equitablebank.com



Equitable Co-operative Bank is headquartered in Lynn and is the 138th largest bank in the state of Massachusetts. It is also the 4,876th largest bank in the nation. It was established in 1877 and as of March of 2012, it had grown to 20 employees at 2 locations. Equitable Co-operative Bank has a 5-star health rating.

Related Posts

2-Year CD Special At Equitable Co-Operative Bank For MA & NH Residents (Forum) - 1/17/2011

Equitable Co-operative Bank is offering a pretty good deal on a special 2-year CD with a 1.76% APY. This is accurate as of 1/17/2011. When I first did a blog post on this bank on the 10th, they were offering a 1-year CD special, so these specials don't

Special 1-Year CD Rate at Equitable Co-operative Bank - MA & NH Only - 1/9/2011

Equitable Co-operative Bank is offering a special 1-year CD with a 1.51% APY. Minimum deposit is $500, and the maximum is $100,000. This special is listed on the bank's front page in a rotating banner ...



See Rates for: Checking | Savings | Money Market | CD | IRA

Equitable Co-operative Bank Checking Account Rates

ApyMinMaxProduct
0.05%--Advantage Checking

Equitable Co-operative Bank Savings Account Rates

ApyMinMaxProduct
0.35%--Business Statement Savings
0.10%--Statement Savings
0.10%--Christmas Club Passbook
0.10%--Basic Passbook Savings

Equitable Co-operative Bank Money Market Rates

ApyMinMaxProduct
0.60%$25k-Exceptional Money Market
0.35%--Business Money Manager Investment

Equitable Co-operative Bank CD Rates

ApyMinMaxProduct
1.51%--60 Month Personal CD
1.41%--48 Month Personal CD
1.26%--36 Month Personal CD
1.10%--30 Month Personal CD
0.91%--24 Month Personal CD
0.70%--18 Month Personal CD
0.60%--12 Month Personal CD
0.40%--6 Month Personal CD
0.10%--3 Month Personal CD

Equitable Co-operative Bank IRA Rates

ApyMinMaxProduct
1.51%--60 Month IRA
1.51%--60 Month Roth IRA
1.51%--60 Month CESA
1.41%--48 Month IRA
1.41%--48 Month Roth IRA
1.41%--48 Month CESA
1.26%--36 Month IRA
1.26%--36 Month Roth IRA
1.26%--36 Month CESA
1.10%--30 Month IRA
1.10%--30 Month Roth IRA
1.10%--30 Month CESA
0.91%--24 Month IRA
0.91%--24 Month Roth IRA
0.91%--24 Month CESA
0.70%--18 Month IRA
0.70%--18 Month Roth IRA
0.70%--18 Month CESA
0.60%--12 Month IRA
0.60%--12 Month Roth IRA
0.60%--12 Month CESA

Rates updated: 5/24/2012

Data for Q1 2012


Institution Statistics


Equitable Co-operative Bank
FDIC Certificate #26453
BankRate ReportView
Year Established1877
Employees20
Primary RegulatorFDIC

Assets and Liabilities

Assets$102.79 million
Loans$68.20 million
Deposits$80.71 million
Equity Capital$9.62 million
Loan Loss Allowance$542,000
Unbacked Noncurrent Loans$184,000

Historic Data - March 2011

Assets$94.17 million
Equity Capital$9.02 million
Loan Loss Allowance$421,000
Real Estate Owned$357,000

Profit Margin - Quarterly

Net Interest Margin3.36%
Return on Assets0.8%
Return on Equity8.55%
Interest Income$967,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Equitable Co-operative Bank had $184,000 in non-current loans and owned real-estate with $10.16 million in equity and loan loss allowances on hand to cover it. This gives Equitable Co-operative Bank a Texas Ratio of 1.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Equitable Co-operative Bank decreased significantly from 3.78% as of March 31, 2011 to 1.81% as of March 31, 2012, resulting in a positive change of 52.11%.This indicates that the balance sheet and financial strength for Equitable Co-operative Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Equitable Co-operative Bank has increased its total deposits by $4.43 million, resulting in 5.81% 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 Equitable Co-operative Bank has shown is excellent.
Capitalization3
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. Equitable Co-operative Bank has $102.79 million in assets with $10.16 million in equity, resulting in a capitalization level of 9.88%, which is average.
Write Review

No reviews have been left for this bank yet. Be the first to review.