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2250 Dorchester Avenue
Boston, MA 02124

Meetinghouse Bank is headquartered in Boston and is the 141st largest bank in the state of Massachusetts. It is also the 5,218st largest bank in the nation. It was established in 1914 and as of December of 2013, 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.

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Reviews (1)

Poor Response And Notification

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.


Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Meetinghouse Bank has a relatively low asset base.

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 December 31, 2013 Meetinghouse Bank had $512,000 in non-current loans and owned real-estate with $7.95 million in equity and loan loss allowances on hand to cover it. This gives Meetinghouse Bank a Texas Ratio of 6.44% 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 experienced no significant changes from 6.39% as of December 31, 2012 to 6.44% as of December 31, 2013, resulting in a negative change of 0.75%. This indicates that the balance sheet and financial strength for Meetinghouse Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Meetinghouse Bank has decreased its total deposits by -$4.95 million, resulting in -6.75% 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 below average.



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 $80.71 million in assets with $7.95 million in equity, resulting in a capitalization level of 9.85%, which is above average.

Institution Statistics

FDIC Certificate #26715
Year Established1914
Primary RegulatorFDIC
Assets and Liabilities
Assets$80.71 million
Loans$64.06 million
Deposits$68.31 million
Equity Capital$7.53 million
Loan Loss Allowance$424,000
Unbacked Noncurrent Loans$22,000
Real Estate Owned$490,000
Historic Data - December 2012
Assets$81.82 million
Equity Capital$7.75 million
Loan Loss Allowance$334,000
Unbacked Noncurrent Loans$22,000
Real Estate Owned$497,000
Profit Margin - Quarterly
Net Interest Margin3.08%
Return on Assets-0.14%
Return on Equity-1.38%
Interest Income$2.72 million
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Meetinghouse Bank Savings Account Rates

0.15%--Passbook Savings
0.15%--Statement Savings

Meetinghouse Bank Money Market Rates

0.55%$100k-Infinity Money Market

Meetinghouse Bank CD Rates

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

Meetinghouse Bank IRA Rates

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 Bank2250 Dorchester AvenueBoston, MA 2124
Roslindale Branch4238 Washington StreetRoslindale, MA 2131