North Middlesex Savings Bank

North Middlesex Savings Bank is headquartered in Ayer and is the 83^rd largest bank in the state of Massachusetts. It is also the 1,983^rd largest bank in the nation. It was established in 1885 and as of September of 2011, it had grown to 81 employees at 7 locations. North Middlesex Savings Bank's savings rates are 44% higher than the national average, but it has a 2-star health rating.

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Data for Q3 2011

Institution Statistics North Middlesex Savings Bank FDIC Certificate # 90147 BankRate Report View Year Established 1885 Employees 81 Primary Regulator FDIC Assets and Liabilities Assets $327.68 million Loans $231.34 million Deposits $267.62 million Equity Capital $27.88 million Loan Loss Allowance $3.32 million Unbacked Noncurrent Loans $8.32 million Real Estate Owned $1.98 million Historic Data - September 2010 Assets $342.70 million Equity Capital $27.26 million Loan Loss Allowance $2.56 million Unbacked Noncurrent Loans $6.86 million Real Estate Owned $2.63 million Profit Margin - Quarterly Net Interest Margin 3.52% Return on Assets 0.12% Return on Equity 1.43% Interest Income $10.35 million

Institution Health Overall Score: 2 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 North Middlesex Savings Bank had $10.3 million in non-current loans and owned real-estate with $31.2 million in equity and loan loss allowances on hand to cover it. This gives North Middlesex Savings Bank a Texas Ratio of 33.00% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for North Middlesex Savings Bank held steady from 31.83% as of September 30, 2010 to 33.00% as of September 30, 2011, resulting in a negative change of 3.68%. This indicates that the balance sheet and financial strength for North Middlesex Savings Bank has held steady in recent periods. Deposit Growth In the past year, North Middlesex Savings Bank has decreased its total deposits by -$9.5 million, resulting in -3.43% 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 North Middlesex Savings Bank has shown is below 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. North Middlesex Savings Bank has $327.68 million in assets with $31.2 million in equity, resulting in a capitalization level of 9.52%, which is average.

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