Middlesex Savings Bank

64 Main Street
Concord, MA 01742
1-877-463-6287
www.middlesexbank.com

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Middlesex Savings Bank is the 2nd largest mutual bank in Massachusetts, and the 6th largest mutual bank in the country, with assets exceeding $3.5 billion and 25 branch locations.

As a mutual savings bank, they don't have stockholders. They can't be sold, and they don't sell their customer relationships. Instead, they focus on providing value, convenience and personal attention to all of their customers. They believe that their commitment to providing outstanding and memorable customer service is one of the most important differences between their Bank and other financial institutions in their marketplace.

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

Middlesex Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.05%	-	-	Business NOW Checking
0.05%	-	-	NOW Checking

Middlesex Savings Bank Savings Account Rates

	Apy	Min	Max	Product
	0.10%	-	-	Regular Savings

Middlesex Savings Bank Money Market Rates

Apy	Min	Max	Product
0.25%	$25k	-	Business Money Fund
0.25%	$25k	-	Freedom Gold Money Fund
0.20%	$25k	-	Money Fund

Middlesex Savings Bank CD Rates

Apy	Min	Max	Product
1.80%	$250	-	Business 60 - 71 Months CD
1.80%	$250	-	60 - 71 Months CD
1.65%	$250	-	Business 48 - 59 Months CD
1.65%	$250	-	48 - 59 Months CD
1.45%	$250	-	Business 36 - 47 Months CD
1.45%	$250	-	36 - 47 Months CD
1.06%	$250	-	Business 24 - 35 Months CD
1.06%	$250	-	24 - 35 Months CD
0.75%	$250	-	Business 12 - 23 Months CD
0.75%	$250	-	12 - 23 Months CD
0.45%	$250	-	Business 6 - 11 Months CD
0.45%	$250	-	6 - 11 Months CD
0.25%	$250	-	Business 3 - 5 Months CD
0.25%	$250	-	3 - 5 Months CD

Middlesex Savings Bank IRA Rates

Apy	Min	Max	Product
1.80%	$250	-	60 - 71 Months IRA
1.80%	$250	-	60 - 71 Months Roth IRA
1.65%	$250	-	48 - 59 Months IRA
1.65%	$250	-	48 - 59 Months Roth IRA
1.45%	$250	-	36 - 47 Months IRA
1.45%	$250	-	36 - 47 Months Roth IRA
1.06%	$250	-	24 - 35 Months IRA
1.06%	$250	-	24 - 35 Months Roth IRA
0.75%	$250	-	12 - 23 Months IRA
0.75%	$250	-	12 - 18 Months IRA - adjustable rate
0.75%	$250	-	12 - 18 Months Roth IRA - adjustable rate
0.75%	$250	-	12 - 23 Months Roth IRA
0.45%	$250	-	6 - 11 Months IRA
0.45%	$250	-	6 - 11 Months Roth IRA
0.25%	$250	-	3 - 5 Months IRA
0.25%	$250	-	3 - 5 Months Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Middlesex Savings Bank
DIF #	Member
FDIC Certificate #	90183
BankRate Report	View
Year Established	1835
Employees	531
Primary Regulator	FDIC
Assets and Liabilities
Assets	$4.03 billion
Loans	$2.16 billion
Deposits	$3.46 billion
Equity Capital	$439.78 million
Loan Loss Allowance	$43.65 million
Unbacked Noncurrent Loans	$68.73 million
Real Estate Owned	$914,000
Historic Data - September 2010
Assets	$4.05 billion
Equity Capital	$408.00 million
Loan Loss Allowance	$48.00 million
Unbacked Noncurrent Loans	$71.31 million
Real Estate Owned	$2.14 million
Profit Margin - Quarterly
Net Interest Margin	3.25%
Return on Assets	0.77%
Return on Equity	7.27%
Interest Income	$117.23 million

Institution Health

Overall Score:

4 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 September 30, 2011 Middlesex Savings Bank had $69.64 million in non-current loans and owned real-estate with $483.43 million in equity and loan loss allowances on hand to cover it. This gives Middlesex Savings Bank a Texas Ratio of 14.41% 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 Middlesex Savings Bank held steady from 16.24% as of September 30, 2010 to 14.41% as of September 30, 2011, resulting in a positive change of 11.27%.This indicates that the balance sheet and financial strength for Middlesex Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Middlesex Savings Bank has decreased its total deposits by -$32.34 million, resulting in -0.93% 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 Middlesex Savings 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. Middlesex Savings Bank has $4.03 billion in assets with $483.43 million in equity, resulting in a capitalization level of 11.99%, which is above average.

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