Meetinghouse Bank is headquartered in Boston and is the 140th largest bank in the state of Massachusetts. It is also the 5,035th largest bank in the nation. It was established in 1914 and as of March of 2014, it had grown to 29 employees at 2 locations. Meetinghouse Bank's money market rates are 25% higher than the national average, and it has a B+ health rating.
The response time is very poor when we try to communicate with this bank. The people that answer the phone are rude, and not very knowledgeable. I was given information regarding my loan with no one verifying my identity, even though it was an individual to whom I have never spoken. My loan has an adjustable rate, but I was not notified of the change in the rate per the terms of the loan and I had to call and ask for my disclosure to be sent to me.
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 Meetinghouse Bank had $488,000 in non-current loans and owned real-estate with $8.09 million in equity and loan loss allowances on hand to cover it. This gives Meetinghouse Bank a Texas Ratio of 6.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Meetinghouse Bank experienced no significant changes from 6.07% as of March 31, 2013 to 6.03% as of March 31, 2014, resulting in a positive change of 0.62%.This indicates that the balance sheet and financial strength for Meetinghouse Bank has had no significant changes in recent periods.
In the past year, Meetinghouse Bank has increased its total deposits by $8.85 million, resulting in 13.16% 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 Meetinghouse 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. Meetinghouse Bank has $87.4 million in assets with $8.09 million in equity, resulting in a capitalization level of 9.26%, which is average.
|FDIC Certificate #||26715|
|Assets and Liabilities|
|Equity Capital||$7.68 million|
|Loan Loss Allowance||$416,000|
|Real Estate Owned||$488,000|
|Historic Data - March 2013|
|Equity Capital||$7.78 million|
|Loan Loss Allowance||$375,000|
|Real Estate Owned||$495,000|
|Profit Margin - Quarterly|
|Return on Assets||0.1%|
|Return on Equity||1.05%|
Always verify rates and promotions with the bank or credit union. We are not Meetinghouse Bank, we are a rate comparison website and can not provide official rates or promotions.
|0.55%||$100k||-||Infinity Money Market|
|1.35%||$1k||-||36 Month CD|
|0.90%||$1k||-||30 Month CD|
|0.80%||$1k||-||24 Month CD|
|0.75%||$1k||-||18 Month CD|
|0.70%||$1k||-||12 Month CD|
|0.40%||$1k||-||9 Month CD|
|0.30%||$1k||-||6 Month CD|
|0.20%||$1k||-||3 Month CD|
|1.35%||$1k||-||36 Month IRA|
|0.80%||$1k||-||24 Month IRA|
|0.75%||$1k||-||18 Month IRA|
|0.70%||$1k||-||12 Month IRA|
|0.30%||$1k||-||6 Month IRA|
|Meetinghouse Bank Locations|
|Meetinghouse Bank||2250 Dorchester Avenue||Boston, MA 2124|
|Roslindale Branch||4238 Washington Street||Roslindale, MA 2131|