Equitable Co-operative Bank

Equitable Co-operative Bank is headquartered in Lynn and is the 138^th largest bank in the state of Massachusetts. It is also the 4,876^th 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.

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Data for Q1 2012

Institution Statistics Equitable Co-operative Bank FDIC Certificate # 26453 BankRate Report View Year Established 1877 Employees 20 Primary Regulator FDIC 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 Margin 3.36% Return on Assets 0.8% Return on Equity 8.55% Interest Income $967,000

Institution Health Overall Score: 5 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 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 Trend 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 Growth 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. 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. 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.

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