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

Meetinghouse Bank

2250 Dorchester Avenue
Boston, MA 2124
(617) 298-2250
www.meetinghousebank.com

FDIC

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Meetinghouse Bank is headquartered in Boston and is the 144^th largest bank in the state of Massachusetts. It is also the 5,447^th largest bank in the nation. It was established in 1914 and as of March of 2013, it had grown to 29 employees at 1 location. Meetinghouse Bank has a 5-star health rating.

Top 18-Month CD Rate at Meetinghouse Bank in Boston - Local Only - 10/12/2012

Meetinghouse Bank has a very competitive rate on its 18-month CD and IRA CD. It has a 1.20% APY for a $1,000 minimum deposit. There's also a competitive 3-year CD rate with a 1.40% APY. These rates ar ...

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See Rates for: Savings | Money Market | CD | IRA

Meetinghouse Bank Savings Account Rates

Apy	Min	Max	Product
0.25%	-	-	Passbook Savings
0.25%	-	-	Statement Savings

Meetinghouse Bank Money Market Rates

	Apy	Min	Max	Product
	0.50%	$100k	-	Infinity Money Market

Meetinghouse Bank CD Rates

Apy	Min	Max	Product
1.25%	$1k	-	36 Month CD
1.00%	$1k	-	30 Month CD
0.95%	$1k	-	24 Month CD
0.90%	$1k	-	18 Month CD
0.50%	$1k	-	12 Month CD
0.40%	$1k	-	9 Month CD
0.30%	$1k	-	6 Month CD
0.20%	$1k	-	3 Month CD

Meetinghouse Bank IRA Rates

Apy	Min	Max	Product
1.25%	$1k	-	36 Month IRA
0.95%	$1k	-	24 Month IRA
0.90%	$1k	-	18 Month IRA
0.50%	$1k	-	12 Month IRA
0.30%	$1k	-	6 Month IRA

Rates updated: 6/19/2013

Data for Q1 2013

Institution Statistics

Meetinghouse Bank
FDIC Certificate #	26715
BankRate Report	View
Year Established	1914
Employees	29
Primary Regulator	FDIC
Assets and Liabilities
Assets	$76.52 million
Loans	$58.39 million
Deposits	$67.21 million
Equity Capital	$7.78 million
Loan Loss Allowance	$375,000
Real Estate Owned	$495,000
Historic Data - March 2012
Assets	$72.59 million
Equity Capital	$5.27 million
Loan Loss Allowance	$328,000
Unbacked Noncurrent Loans	$2,000
Real Estate Owned	$500,000
Profit Margin - Quarterly
Net Interest Margin	3.01%
Return on Assets	0.22%
Return on Equity	2.27%
Interest Income	$662,000

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, 2013 Meetinghouse Bank had $495,000 in non-current loans and owned real-estate with $8.16 million in equity and loan loss allowances on hand to cover it. This gives Meetinghouse Bank a Texas Ratio of 6.07% 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 Meetinghouse Bank decreased slightly from 8.97% as of March 31, 2012 to 6.07% as of March 31, 2013, resulting in a positive change of 32.32%.This indicates that the balance sheet and financial strength for Meetinghouse Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Meetinghouse Bank has increased its total deposits by $158,000, resulting in 0.24% 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 average.
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. Meetinghouse Bank has $76.52 million in assets with $8.16 million in equity, resulting in a capitalization level of 10.66%, which is above average.

Poor Response And Notification
2 stars

- Anonymous - Tuesday, August 23, 2011 - 2:45 PM

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.

Meetinghouse Bank

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