Haverhill Bank

Haverhill Bank is headquartered in Haverhill and is the 101^st largest bank in the state of Massachusetts. It is also the 2,461^st 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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Data for Q3 2011

Institution Statistics Haverhill Bank FDIC Certificate # 26411 BankRate Report View Year Established 1877 Employees 65 Primary Regulator FDIC 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 Margin 3.68% Return on Assets 0.46% Return on Equity 4% Interest Income $8.22 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 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 Trend 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 Growth 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. 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 $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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