Hoosac Bank

Hoosac Bank is headquartered in North Adams and is the 79^th largest bank in the state of Massachusetts. It is also the 1,880^th largest bank in the nation. It was established in 1848 and as of March of 2012, it had grown to 97 employees at 2 locations. Hoosac Bank has a 5-star health rating.

Hoosac Bank Routing Number: 211871015

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Data for Q1 2012

Institution Statistics Hoosac Bank FDIC Certificate # 90253 BankRate Report View Year Established 1848 Employees 97 Primary Regulator FDIC Assets and Liabilities Assets $350.69 million Loans $196.75 million Deposits $225.45 million Equity Capital $42.10 million Loan Loss Allowance $3.39 million Unbacked Noncurrent Loans $6.71 million Historic Data - March 2011 Assets $350.10 million Equity Capital $42.35 million Loan Loss Allowance $3.29 million Unbacked Noncurrent Loans $4.81 million Profit Margin - Quarterly Net Interest Margin 2.67% Return on Assets 0.66% Return on Equity 5.52% Interest Income $3.04 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 March 31, 2012 Hoosac Bank had $6.71 million in non-current loans and owned real-estate with $45.49 million in equity and loan loss allowances on hand to cover it. This gives Hoosac Bank a Texas Ratio of 14.76% 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 Hoosac Bank held steady from 10.41% as of March 31, 2011 to 14.76% as of March 31, 2012, resulting in a negative change of 41.76%. This indicates that the balance sheet and financial strength for Hoosac Bank has held steady in recent periods. Deposit Growth In the past year, Hoosac Bank has increased its total deposits by $20.05 million, resulting in 9.76% 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 Hoosac 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. Hoosac Bank has $350.69 million in assets with $45.49 million in equity, resulting in a capitalization level of 12.97%, which is excellent.

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