2 star ratingAverage User Rating:
2 star rating based on 1 review.

Haverhill Bank

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

FDIC


Haverhill Bank is headquartered in Haverhill and is the 92nd largest bank in the state of Massachusetts. It is also the 2,139th 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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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
0.65%-$50kRewards Checking

Haverhill Bank CD Rates

ApyMinMaxProduct
1.56%$500-60 Month CD
1.06%$500-36 Month CD
0.90%$500-30 Month CD
0.80%$500-24 Month CD
0.65%$500-15 Month CD
0.65%$500-18 Month CD
0.40%$500-12 Month CD
0.30%$500-6 Month CD
0.30%$500-9 Month CD
0.15%$500-3 Month CD

Haverhill Bank IRA Rates

ApyMinMaxProduct
1.66%--60 Month Fixed IRA
1.66%--60 Month Variable IRA
1.66%--60 Month Fixed Roth IRA
1.66%--60 Month Variable Roth IRA
1.66%--60 Month Fixed CESA
1.66%--60 Month Variable CESA
1.16%--36 Month Fixed IRA
1.16%--36 Month Variable IRA
1.16%--36 Month Fixed Roth IRA
1.16%--36 Month Variable Roth IRA
1.16%--36 Month Fixed CESA
1.16%--36 Month Variable CESA
0.90%--24 Month Fixed IRA
0.90%--24 Month Variable IRA
0.90%--24 Month Fixed Roth IRA
0.90%--24 Month Variable Roth IRA
0.90%--24 Month Fixed CESA
0.90%--24 Month Variable CESA
0.75%--18 Month Fixed IRA
0.75%--18 Month Variable IRA
0.75%--18 Month Fixed Roth IRA
0.75%--18 Month Variable Roth IRA
0.75%--18 Month Fixed CESA
0.75%--18 Month Variable CESA
0.50%--12 Month Fixed IRA
0.50%--12 Month Variable IRA
0.50%--12 Month Fixed Roth IRA
0.50%--12 Month Variable Roth IRA
0.50%--12 Month Fixed CESA
0.50%--12 Month Variable CESA

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


Haverhill Bank
FDIC Certificate #26411
BankRate ReportView
Year Established1877
Employees71
Primary RegulatorFDIC

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 Margin3.44%
Return on Assets0.42%
Return on Equity3.72%
Interest Income$11.21 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Trend5
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 Growth5
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.
Capitalization4
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.
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Wanna Buy A Bank?
2 stars - merrimacker - Tuesday, December 4, 2012 - 1:41 AM

Five will get you ten they'll do a stock conversion in 2013 and sell out. Squeezing the top guy out after that decision to pick up a struggling credit union hasn't helped much.

2