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400 Broadway
Lynn, MA 01904

Equitable Co-operative Bank is headquartered in Lynn and is the 132nd largest bank in the state of Massachusetts. It is also the 4,468th largest bank in the nation. It was established in 1877 and as of June of 2014, it had grown to 20 employees at 2 locations. Equitable Co-operative Bank's money market rates are 36% higher than the national average, and it has a B+ health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


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 June 30, 2014 Equitable Co-operative Bank had $962,000 in non-current loans and owned real-estate with $11.36 million in equity and loan loss allowances on hand to cover it. This gives Equitable Co-operative Bank a Texas Ratio of 8.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Equitable Co-operative Bank increased slightly from 2.62% as of June 30, 2013 to 8.47% as of June 30, 2014, resulting in a negative change of 223.25%. This indicates that the balance sheet and financial strength for Equitable Co-operative Bank has declined slightly in recent periods.

Deposit Growth


In the past year, Equitable Co-operative Bank has increased its total deposits by $6.27 million, resulting in 7.64% 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.



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 $109.19 million in assets with $11.36 million in equity, resulting in a capitalization level of 10.40%, which is above average.

Institution Statistics

FDIC Certificate #26453
Year Established1877
Primary RegulatorFDIC
Assets and Liabilities
Assets$109.19 million
Loans$70.97 million
Deposits$88.35 million
Equity Capital$10.72 million
Loan Loss Allowance$638,000
Unbacked Noncurrent Loans$722,000
Real Estate Owned$240,000
Historic Data - June 2013
Assets$99.74 million
Equity Capital$10.60 million
Loan Loss Allowance$703,000
Unbacked Noncurrent Loans$722,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.33%
Return on Equity3.41%
Interest Income$1.76 million

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Equitable Co-operative Bank Savings Account Rates

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

Equitable Co-operative Bank Money Market Rates

0.60%$25k-Exceptional MMDA

Equitable Co-operative Bank Checking Account Rates

1.00%--IOLTA Checking

Equitable Co-operative Bank CD Rates

1.50%--60 Month CD
1.40%--48 Month CD
1.20%--36 Month CD
1.00%--24 Month CD
1.00%--30 Month CD
0.75%--18 Month CD
0.50%--6 Month CD
0.50%--12 Month CD
0.10%--91 Day CD

Equitable Co-operative Bank IRA Rates

1.50%--60 Month IRA
1.40%--48 Month IRA
1.20%--36 Month IRA
1.00%--24 Month IRA
1.00%--30 Month IRA
0.75%--18 Month IRA
0.50%--12 Month IRA

Equitable Co-operative Bank Locations
Nahant Branch28 Nahant RoadNahant, MA 1908
Equitable Co-Operative Bank400 BroadwayLynn, MA 1904