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Overview / Commentary
237 Lexington Street
Woburn, MA 01801

Patriot Community Bank is headquartered in Woburn and is the 129th largest bank in the state of Massachusetts. It is also the 3,872nd largest bank in the nation. It was established in 2006 and as of March of 2014, it had grown to 27 employees at 1 location. Patriot Community Bank has a B health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Patriot Community Bank had $2.7 million in non-current loans and owned real-estate with $18.46 million in equity and loan loss allowances on hand to cover it. This gives Patriot Community Bank a Texas Ratio of 14.62% 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 Patriot Community Bank increased slightly from 0.42% as of March 31, 2013 to 14.62% as of March 31, 2014, resulting in a negative change of 3,421.27%. This indicates that the balance sheet and financial strength for Patriot Community Bank has declined slightly in recent periods.

Deposit Growth


In the past year, Patriot Community Bank has decreased its total deposits by -$1.21 million, resulting in -0.97% 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 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. Patriot Community Bank has $141.04 million in assets with $18.46 million in equity, resulting in a capitalization level of 13.09%, which is excellent.

Institution Statistics

FDIC Certificate #58133
Year Established2006
Primary RegulatorFED
Assets and Liabilities
Assets$141.04 million
Loans$106.37 million
Deposits$123.28 million
Equity Capital$17.18 million
Loan Loss Allowance$1.28 million
Unbacked Noncurrent Loans$2.70 million
Real Estate Owned$0
Historic Data - March 2013
Assets$141.72 million
Equity Capital$16.40 million
Loan Loss Allowance$942,000
Unbacked Noncurrent Loans$2.70 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.8%
Return on Assets0.1%
Return on Equity0.84%
Interest Income$1.29 million

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