Reading Co-operative Bank

Reading Co-operative Bank is headquartered in Reading and is the 83^rd largest bank in the state of Massachusetts. It is also the 1,956^th largest bank in the nation. It was established in 1886 and as of March of 2012, it had grown to 69 employees at 6 locations. Reading Co-operative Bank's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

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Data for Q1 2012

Institution Statistics Reading Co-operative Bank FDIC Certificate # 26620 BankRate Report View Year Established 1886 Employees 69 Primary Regulator FED Assets and Liabilities Assets $333.22 million Loans $199.07 million Deposits $263.08 million Equity Capital $32.29 million Loan Loss Allowance $1.38 million Unbacked Noncurrent Loans $648,000 Real Estate Owned $586,000 Historic Data - March 2011 Assets $317.16 million Equity Capital $27.68 million Loan Loss Allowance $1.31 million Unbacked Noncurrent Loans $2.52 million Real Estate Owned $472,000 Profit Margin - Quarterly Net Interest Margin 3.6% Return on Assets 1.04% Return on Equity 11% Interest Income $3.58 million

Institution Health Overall Score: 5 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 Reading Co-operative Bank had $1.23 million in non-current loans and owned real-estate with $33.67 million in equity and loan loss allowances on hand to cover it. This gives Reading Co-operative Bank a Texas Ratio of 3.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Reading Co-operative Bank decreased significantly from 10.30% as of March 31, 2011 to 3.66% as of March 31, 2012, resulting in a positive change of 64.43%.This indicates that the balance sheet and financial strength for Reading Co-operative Bank has improved significantly in recent periods. Deposit Growth In the past year, Reading Co-operative Bank has increased its total deposits by $9.03 million, resulting in 3.55% 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 Reading 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. Reading Co-operative Bank has $333.22 million in assets with $33.67 million in equity, resulting in a capitalization level of 10.10%, which is above average.

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