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Overview / Commentary
237 Lexington Street
Woburn, MA 01801

Patriot Community Bank is headquartered in Woburn and is the 128th largest bank in the state of Massachusetts. It is also the 3,876th largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 28 employees at 1 location. Patriot Community Bank has a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Patriot Community Bank had $17,000 in non-current loans and owned real-estate with $18.26 million in equity and loan loss allowances on hand to cover it. This gives Patriot Community Bank a Texas Ratio of 0.09% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Patriot Community Bank decreased dramatically from 0.47% as of December 31, 2012 to 0.09% as of December 31, 2013, resulting in a positive change of 80.33%.This indicates that the balance sheet and financial strength for Patriot Community Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Patriot Community Bank has increased its total deposits by $82,000, resulting in 0.07% 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 Patriot Community Bank has shown is above average.

Capitalization

GRADE:
A+

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. Patriot Community Bank has $140.9 million in assets with $18.26 million in equity, resulting in a capitalization level of 12.96%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58133
Year Established2006
Employees28
Primary RegulatorFED
Assets and Liabilities
Assets$140.90 million
Loans$98.12 million
Deposits$122.97 million
Equity Capital$17.14 million
Loan Loss Allowance$1.11 million
Unbacked Noncurrent Loans$17,000
Real Estate Owned$0
Historic Data - December 2012
Assets$139.62 million
Equity Capital$15.84 million
Loan Loss Allowance$845,000
Unbacked Noncurrent Loans$17,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.7%
Return on Assets0.86%
Return on Equity7.42%
Interest Income$5.16 million
Rates

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Locations


Patriot Community Bank Locations
Patriot Community Bank237 Lexington StreetWoburn, MA 1801