Norwood Co-operative Bank

11 Central Street
Norwood, MA 2062
1-781-762-1800
www.norwoodbank.com

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Norwood Co-operative Bank is headquartered in Norwood and is the 74^th largest bank in the state of Massachusetts. It is also the 1,725^th largest bank in the nation. It was established in 1889 and as of March of 2012, it had grown to 55 employees at 1 location. Norwood Co-operative Bank has a 4-star health rating.

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

Norwood Co-operative Bank Checking Account Rates

Apy	Min	Max	Product
0.20%	$100k	-	Advantage Checking
0.20%	$100k	-	Non-Personal Advantage Checking
0.05%	-	-	Investment NOW Checking
0.05%	-	-	Non-Personal Investment NOW Checking

Norwood Co-operative Bank Savings Account Rates

Apy	Min	Max	Product
0.20%	-	-	Statement Savings Account
0.20%	-	-	Passbook Savings Account
0.20%	-	-	Non-Personal Passbook Savings Account
0.20%	-	-	Non-Personal Statement Savings Account
0.20%	-	-	18/65 UTMA Account

Norwood Co-operative Bank Money Market Rates

Apy	Min	Max	Product
0.35%	$100k	-	Money Market Account
0.35%	$100k	-	Advantage Money Market Account
0.35%	$100k	-	Advantage Money Market Business Account
0.35%	$100k	-	Non-Personal Money Market Account

Norwood Co-operative Bank CD Rates

Apy	Min	Max	Product
1.51%	$1k	-	60-72 Month Advantage CD
1.51%	$1k	-	60-72 Month Regular CD
1.51%	$1k	-	Non-Personal 60-72 Month Advantage CD
1.51%	$1k	-	Non-Personal 60-72 Month Regular CD
1.25%	$1k	-	48-59 Month Advantage CD
1.25%	$1k	-	48-59 Month Regular CD
1.25%	$1k	-	Non-Personal 48-59 Month Advantage CD
1.25%	$1k	-	Non-Personal 48-59 Month Regular CD
1.05%	$1k	-	36-47 Month Advantage CD
1.05%	$1k	-	36-47 Month Regular CD
1.05%	$1k	-	Non-Personal 36-47 Month Advantage CD
1.05%	$1k	-	Non-Personal 36-47 Month Regular CD
0.90%	$1k	-	24-35 Month Advantage CD
0.90%	$1k	-	24-35 Month Regular CD
0.90%	$1k	-	Non-Personal 24-35 Month Advantage CD
0.90%	$1k	-	Non-Personal 24-35 Month Regular CD
0.50%	$1k	-	12-23 Month Advantage CD
0.50%	$1k	-	12-23 Month Regular CD
0.50%	$1k	-	Non-Personal 12-23 Month Advantage CD
0.50%	$1k	-	Non-Personal 12-23 Month Regular CD
0.35%	$2,500	-	6 Month Advantage CD
0.35%	$2,500	-	6 Month Regular CD
0.35%	$2,500	-	Non-Personal 6 Month Advantage CD
0.35%	$2,500	-	Non-Personal 6 Month Regular CD
0.20%	$2,500	-	3 Month Advantage CD
0.20%	$2,500	-	3 Month Regular CD
0.20%	$2,500	-	Non-Personal 3 Month Advantage CD
0.20%	$2,500	-	Non-Personal 3 Month Regular CD

Norwood Co-operative Bank IRA Rates

Apy	Min	Max	Product
1.51%	$1k	-	60-72 Month Advantage IRA
1.51%	$1k	-	60-72 Month Regular IRA
1.51%	$1k	-	60-72 Month Advantage Roth IRA
1.51%	$1k	-	60-72 Month Regular Roth IRA
1.51%	$1k	-	Non-Personal 60-72 Month Advantage IRA
1.51%	$1k	-	Non-Personal 60-72 Month Advantage Roth IRA
1.51%	$1k	-	Non-Personal 60-72 Month Regular IRA
1.51%	$1k	-	Non-Personal 60-72 Month Regular Roth IRA
1.25%	$1k	-	48-59 Month Advantage IRA
1.25%	$1k	-	48-59 Month Regular IRA
1.25%	$1k	-	48-59 Month Advantage Roth IRA
1.25%	$1k	-	48-59 Month Regular Roth IRA
1.25%	$1k	-	Non-Personal 48-59 Month Advantage IRA
1.25%	$1k	-	Non-Personal 48-59 Month Advantage Roth IRA
1.25%	$1k	-	Non-Personal 48-59 Month Regular IRA
1.25%	$1k	-	Non-Personal 48-59 Month Regular Roth IRA
1.05%	$1k	-	36-47 Month Advantage IRA
1.05%	$1k	-	36-47 Month Regular IRA
1.05%	$1k	-	36-47 Month Advantage Roth IRA
1.05%	$1k	-	36-47 Month Regular Roth IRA
1.05%	$1k	-	Non-Personal 36-47 Month Advantage IRA
1.05%	$1k	-	Non-Personal 36-47 Month Advantage Roth IRA
1.05%	$1k	-	Non-Personal 36-47 Month Regular IRA
1.05%	$1k	-	Non-Personal 36-47 Month Regular Roth IRA
0.90%	$1k	-	24-35 Month Advantage IRA
0.90%	$1k	-	24-35 Month Regular IRA
0.90%	$1k	-	24-35 Month Advantage Roth IRA
0.90%	$1k	-	24-35 Month Regular Roth IRA
0.90%	$1k	-	Non-Personal 24-35 Month Advantage IRA
0.90%	$1k	-	Non-Personal 24-35 Month Advantage Roth IRA
0.90%	$1k	-	Non-Personal 24-35 Month Regular IRA
0.90%	$1k	-	Non-Personal 24-35 Month Regular Roth IRA
0.50%	$1k	-	12-23 Month Advantage IRA
0.50%	$1k	-	12-23 Month Regular IRA
0.50%	$1k	-	12-23 Month Advantage Roth IRA
0.50%	$1k	-	12-23 Month Regular Roth IRA
0.50%	$1k	-	Non-Personal 12-23 Month Advantage IRA
0.50%	$1k	-	Non-Personal 12-23 Month Advantage Roth IRA
0.50%	$1k	-	Non-Personal 12-23 Month Regular IRA
0.50%	$1k	-	Non-Personal 12-23 Month Regular Roth IRA
0.35%	$2,500	-	6 Month Advantage IRA
0.35%	$2,500	-	6 Month Regular IRA
0.35%	$2,500	-	6 Month Advantage Roth IRA
0.35%	$2,500	-	6 Month Regular Roth IRA
0.35%	$2,500	-	Non-Personal 6 Month Advantage IRA
0.35%	$2,500	-	Non-Personal 6 Month Advantage Roth IRA
0.35%	$2,500	-	Non-Personal 6 Month Regular IRA
0.35%	$2,500	-	Non-Personal 6 Month Regular Roth IRA
0.20%	$2,500	-	3 Month Advantage IRA
0.20%	$2,500	-	3 Month Regular IRA
0.20%	$2,500	-	3 Month Advantage Roth IRA
0.20%	$2,500	-	3 Month Regular Roth IRA
0.20%	$2,500	-	Non-Personal 3 Month Advantage IRA
0.20%	$2,500	-	Non-Personal 3 Month Advantage Roth IRA
0.20%	$2,500	-	Non-Personal 3 Month Regular IRA
0.20%	$2,500	-	Non-Personal 3 Month Regular Roth IRA

Rates updated: 5/27/2012 * Not all products updated

Data for Q1 2012

Institution Statistics

Norwood Co-operative Bank
FDIC Certificate #	26555
BankRate Report	View
Year Established	1889
Employees	55
Primary Regulator	FDIC
Assets and Liabilities
Assets	$386.23 million
Loans	$287.48 million
Deposits	$323.07 million
Equity Capital	$57.29 million
Loan Loss Allowance	$3.85 million
Unbacked Noncurrent Loans	$10.98 million
Real Estate Owned	$11.15 million
Historic Data - March 2011
Assets	$389.16 million
Equity Capital	$57.55 million
Loan Loss Allowance	$6.26 million
Unbacked Noncurrent Loans	$18.55 million
Real Estate Owned	$9.50 million
Profit Margin - Quarterly
Net Interest Margin	3.26%
Return on Assets	0.16%
Return on Equity	1.09%
Interest Income	$3.56 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 March 31, 2012 Norwood Co-operative Bank had $22.13 million in non-current loans and owned real-estate with $61.14 million in equity and loan loss allowances on hand to cover it. This gives Norwood Co-operative Bank a Texas Ratio of 36.20% 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 Norwood Co-operative Bank decreased slightly from 43.96% as of March 31, 2011 to 36.20% as of March 31, 2012, resulting in a positive change of 17.67%.This indicates that the balance sheet and financial strength for Norwood Co-operative Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Norwood Co-operative Bank has increased its total deposits by $9.61 million, resulting in 3.06% 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 Norwood Co-operative Bank has shown is above 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. Norwood Co-operative Bank has $386.23 million in assets with $61.14 million in equity, resulting in a capitalization level of 15.83%, which is excellent.

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