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Overview / Commentary
508-851-3600
80 North Main Street
Mansfield, MA 02048

Mansfield Co-operative Bank is headquartered in Mansfield and is the 77th largest bank in the state of Massachusetts. It is also the 1,613st largest bank in the nation. It was established in 1883 and as of December of 2013, it had grown to 90 employees at 5 locations. Mansfield Co-operative Bank has a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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, 2013 Mansfield Co-operative Bank had $1.21 million in non-current loans and owned real-estate with $44.67 million in equity and loan loss allowances on hand to cover it. This gives Mansfield Co-operative Bank a Texas Ratio of 2.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Mansfield Co-operative Bank decreased dramatically from 9.62% as of December 31, 2012 to 2.70% as of December 31, 2013, resulting in a positive change of 71.91%.This indicates that the balance sheet and financial strength for Mansfield Co-operative Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mansfield Co-operative Bank has increased its total deposits by $31.71 million, resulting in 9.95% 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 Mansfield Co-operative Bank has shown is excellent.

Capitalization

GRADE:
B+

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. Mansfield Co-operative Bank has $412.74 million in assets with $44.67 million in equity, resulting in a capitalization level of 10.82%, which is above average.

Institution Statistics

Overall
FDIC Certificate #26448
Year Established1883
Employees90
Primary RegulatorFDIC
Assets and Liabilities
Assets$412.74 million
Loans$326.72 million
Deposits$350.34 million
Equity Capital$40.83 million
Loan Loss Allowance$3.85 million
Unbacked Noncurrent Loans$1.21 million
Real Estate Owned$0
Historic Data - December 2012
Assets$379.74 million
Equity Capital$39.78 million
Loan Loss Allowance$3.51 million
Unbacked Noncurrent Loans$1.21 million
Real Estate Owned$1.00 million
Profit Margin - Quarterly
Net Interest Margin3.36%
Return on Assets0.56%
Return on Equity5.61%
Interest Income$15.28 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Mansfield Co-operative Bank, we are a rate comparison website and can not provide official rates or promotions.

Mansfield Co-operative Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$25-Premium Statement Savings
0.15%$25-Holiday Club
0.10%$25-Statement Savings

Mansfield Co-operative Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$250k-Elite Money Market

Mansfield Co-operative Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$5k-Bonus Checking
0.15%$25-Premium Checking
0.10%$25-NOW Checking

Mansfield Co-operative Bank CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$1k-8 Year Certificate
1.60%$1k-6 Year Certificate
1.30%$1k-5 Year Certificate
1.05%$1k-4 Year Certificate
0.95%$1k-14 Month CD Special
0.90%$1k-3 Year Certificate
0.80%$1k-2 1/2 Year Certificate
0.75%$1k-2 Year Certificate
0.65%$1k-1 1/2 Year Certificate
0.55%$1k-15 Month CD
0.50%$1k-8 Month CD Special
0.40%$1k-1 Year Certificate
0.08%$1k-52 Week Flex CD

Mansfield Co-operative Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$25-4 Year IRA (Traditional,Roth,CESA)
0.90%$25-3 Year IRA (Traditional,Roth,CESA)
0.80%$25-2 1/2 Year IRA (Traditional,Roth,CESA)
0.75%$25-2 Year IRA (Traditional,Roth,CESA)
0.60%$25-11 Month Special IRA (Traditional,Roth,CESA)
0.55%$25-1 1/2 Year IRA (Traditional,Roth,CESA)
0.55%$25-1 1/2 Year Variable IRA (Traditional,Roth,CESA)
0.40%$25-1 Year IRA (Traditional,Roth,CESA)
Locations


Mansfield Co-operative Bank Locations
Norton Branch225 West Main StreetNorton, MA 2766
Plainville Branch3 Taunton StreetPlainville, MA 2762
West Bridgewater Branch728 West Center StreetWest Bridgewater, MA 2379
Easton Branch73 Belmont StreetSouth Easton, MA 2375
Mansfield Co-Operative Bank80 North Main StreetMansfield, MA 2048