Haverhill Bank

Haverhill Bank is headquartered in Haverhill and is the 92^nd largest bank in the state of Massachusetts. It is also the 2,139^th largest bank in the nation. It was established in 1877 and as of December of 2012, it had grown to 71 employees at 7 locations. Haverhill Bank has a 5-star health rating.

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Data for Q4 2012

Institution Statistics Haverhill Bank FDIC Certificate # 26411 BankRate Report View Year Established 1877 Employees 71 Primary Regulator FDIC Assets and Liabilities Assets $306.15 million Loans $233.95 million Deposits $256.96 million Equity Capital $33.73 million Loan Loss Allowance $2.22 million Unbacked Noncurrent Loans $1.84 million Historic Data - December 2011 Assets $260.73 million Equity Capital $30.00 million Loan Loss Allowance $2.33 million Unbacked Noncurrent Loans $2.60 million Real Estate Owned $341,000 Profit Margin - Quarterly Net Interest Margin 3.44% Return on Assets 0.42% Return on Equity 3.72% Interest Income $11.21 million

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 December 31, 2012 Haverhill Bank had $1.84 million in non-current loans and owned real-estate with $35.95 million in equity and loan loss allowances on hand to cover it. This gives Haverhill Bank a Texas Ratio of 5.12% 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 Haverhill Bank decreased significantly from 9.09% as of December 31, 2011 to 5.12% as of December 31, 2012, resulting in a positive change of 43.74%.This indicates that the balance sheet and financial strength for Haverhill Bank has improved significantly in recent periods. Deposit Growth In the past year, Haverhill Bank has increased its total deposits by $37.28 million, resulting in 16.97% 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 Haverhill 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. Haverhill Bank has $306.15 million in assets with $35.95 million in equity, resulting in a capitalization level of 11.74%, which is above average.