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180 Merrimack Street
Haverhill, MA 01830

Haverhill Bank is headquartered in Haverhill and is the 91st largest bank in the state of Massachusetts. It is also the 2,029th largest bank in the nation. It was established in 1877 and as of March of 2014, it had grown to 74 employees at 7 locations. Haverhill Bank has a A+ health rating.

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Wanna Buy A Bank?

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.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Haverhill Bank had $1.15 million in non-current loans and owned real-estate with $36.97 million in equity and loan loss allowances on hand to cover it. This gives Haverhill Bank a Texas Ratio of 3.10% 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 dramatically from 5.38% as of March 31, 2013 to 3.10% as of March 31, 2014, resulting in a positive change of 42.37%.This indicates that the balance sheet and financial strength for Haverhill Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Haverhill Bank has increased its total deposits by $10.04 million, resulting in 3.78% 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.



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 $323.84 million in assets with $36.97 million in equity, resulting in a capitalization level of 11.42%, which is excellent.

Institution Statistics

FDIC Certificate #26411
Year Established1877
Primary RegulatorFDIC
Assets and Liabilities
Assets$323.84 million
Loans$253.00 million
Deposits$275.72 million
Equity Capital$34.28 million
Loan Loss Allowance$2.69 million
Unbacked Noncurrent Loans$1.07 million
Real Estate Owned$80,000
Historic Data - March 2013
Assets$315.15 million
Equity Capital$33.88 million
Loan Loss Allowance$2.49 million
Unbacked Noncurrent Loans$1.07 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.26%
Return on Assets0.28%
Return on Equity2.63%
Interest Income$2.86 million
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Haverhill Bank Checking Account Rates

0.65%-$50kRewards Checking - Qualifying
0.10%--Rewards Checking - Non Qualifying

Haverhill Bank CD Rates

2.02%$500-60 Month CD
1.26%$500-36 Month CD
0.90%$500-24 Month CD
0.90%$500-30 Month CD
0.65%$500-15 Month CD
0.65%$500-18 Month CD
0.50%$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

2.12%--60 Month Fixed IRA
2.12%--60 Month Variable IRA
1.36%--36 Month Fixed IRA
1.36%--36 Month Variable IRA
1.00%--24 Month Fixed IRA
1.00%--24 Month Variable IRA
0.75%--18 Month Fixed IRA
0.75%--18 Month Variable IRA
0.60%--12 Month Fixed IRA
0.60%--12 Month Variable IRA

Haverhill Bank Locations
Northeast Community Bank Branch100 Lafayette SquareHaverhill, MA 1832
Main Street Haverhill Branch1094 Main StreetHaverhill, MA 1830
Whitter Voc Tech High School Office Branch115 Amesbury Line RoadHaverhill, MA 1830
Haverhill High Office Branch137 Monument Ave.Haverhill, MA 1832
Haverhill Branch163 South Main StreetHaverhill, MA 1835
Haverhill Bank180 Merrimack StreetHaverhill, MA 1830
West Main Street Branch6 Main StreetMerrimac, MA 1860