180 Merrimack Street
Haverhill, MA 01830
(978) 374-0161
www.haverhillbank.com



Haverhill Bank is headquartered in Haverhill and is the 101st largest bank in the state of Massachusetts. It is also the 2,461st largest bank in the nation. It was established in 1877 and as of September of 2011, it had grown to 65 employees at 6 locations. Haverhill Bank has a 5-star health rating.

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3.01% Reward Checking Account at a Massachusetts Bank (Haverhill) - 12/26/2007

Update 3/28/09: The top yield has fallen to 3.01% APY. Refer to the bottom of the post for the rate history.Haverhill Bank has a reward checking account that pays 3.01% APY on balances up to $50,000 (1.01% for over) and refunds ATM fees if the following...



See Rates for: Checking | CD | IRA

Haverhill Bank Checking Account Rates

ApyMinMaxProduct
1.26%-$50kRewards Checking

Haverhill Bank CD Rates

ApyMinMaxProduct
2.17%$500-60 Month CD
1.51%$500-36 Month CD
1.26%$500-24 Month CD
1.26%$500-30 Month CD
1.01%$500-15 Month CD
1.01%$500-18 Month CD
0.75%$500-12 Month CD
0.60%$500-6 Month CD
0.60%$500-9 Month CD
0.50%$500-3 Month CD

Haverhill Bank IRA Rates

ApyMinMaxProduct
2.27%$25-60 month fixed IRA
2.27%$25-60 month variable IRA
2.27%$25-60 month fixed Roth IRA
2.27%$25-60 month variable Roth IRA
2.27%$25-60 month fixed CESA
2.27%$25-60 month variable CESA
1.61%$25-36 month fixed IRA
1.61%$25-36 month variable IRA
1.61%$25-36 month fixed Roth IRA
1.61%$25-36 month variable Roth IRA
1.61%$25-36 month fixed CESA
1.61%$25-36 month variable CESA
1.36%$25-24 month fixed IRA
1.36%$25-24 month variable IRA
1.36%$25-24 month fixed Roth IRA
1.36%$25-24 month variable Roth IRA
1.36%$25-24 month fixed CESA
1.36%$25-24 month variable CESA
1.11%$25-18 month fixed IRA
1.11%$25-18 month variable IRA
1.11%$25-18 month fixed Roth IRA
1.11%$25-18 month variable Roth IRA
1.11%$25-18 month fixed CESA
1.11%$25-18 month variable CESA
0.85%$25-12 month fixed IRA
0.85%$25-12 month variable IRA
0.85%$25-12 Month fixed Roth IRA
0.85%$25-12 month variable Roth IRA
0.85%$25-12 month fixed CESA
0.85%$25-12 month variable CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Haverhill Bank
FDIC Certificate #26411
BankRate ReportView
Year Established1877
Employees65
Primary RegulatorFDIC

Assets and Liabilities

Assets$258.23 million
Loans$186.83 million
Deposits$218.69 million
Equity Capital$29.90 million
Loan Loss Allowance$2.43 million
Unbacked Noncurrent Loans$2.55 million
Real Estate Owned$249,000

Historic Data - September 2010

Assets$250.12 million
Equity Capital$28.93 million
Loan Loss Allowance$2.71 million
Unbacked Noncurrent Loans$2.80 million
Real Estate Owned$1.17 million

Profit Margin - Quarterly

Net Interest Margin3.68%
Return on Assets0.46%
Return on Equity4%
Interest Income$8.22 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 September 30, 2011 Haverhill Bank had $2.8 million in non-current loans and owned real-estate with $32.33 million in equity and loan loss allowances on hand to cover it. This gives Haverhill Bank a Texas Ratio of 8.65% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Haverhill Bank decreased slightly from 12.56% as of September 30, 2010 to 8.65% as of September 30, 2011, resulting in a positive change of 31.13%.This indicates that the balance sheet and financial strength for Haverhill Bank has improved slightly in recent periods.
Deposit Growth4
In the past year, Haverhill Bank has increased its total deposits by $3.7 million, resulting in 1.72% 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 above average.
Capitalization5
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 $258.23 million in assets with $32.33 million in equity, resulting in a capitalization level of 12.52%, which is excellent.
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