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978-452-1300
One Merrimack Plaza
Lowell, MA 01852

The Lowell Five Cent Savings Bank is headquartered in Lowell and is the 36th largest bank in the state of Massachusetts. It is also the 733rd largest bank in the nation. It was established in 1854 and as of December of 2013, it had grown to 205 employees at 17 locations. The Lowell Five Cent Savings 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 The Lowell Five Cent Savings Bank had $12.46 million in non-current loans and owned real-estate with $114.33 million in equity and loan loss allowances on hand to cover it. This gives The Lowell Five Cent Savings Bank a Texas Ratio of 10.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for The Lowell Five Cent Savings Bank increased slightly from 5.36% as of December 31, 2012 to 10.90% as of December 31, 2013, resulting in a negative change of 103.31%. This indicates that the balance sheet and financial strength for The Lowell Five Cent Savings Bank has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Lowell Five Cent Savings Bank has increased its total deposits by $97.76 million, resulting in 14.3% 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 The Lowell Five Cent Savings Bank has shown is excellent.

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. The Lowell Five Cent Savings Bank has $919.4 million in assets with $114.33 million in equity, resulting in a capitalization level of 12.44%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #90227
Year Established1854
Employees205
Primary RegulatorFDIC
Assets and Liabilities
Assets$919.40 million
Loans$613.01 million
Deposits$781.42 million
Equity Capital$108.64 million
Loan Loss Allowance$5.69 million
Unbacked Noncurrent Loans$12.46 million
Real Estate Owned$0
Historic Data - December 2012
Assets$825.85 million
Equity Capital$109.70 million
Loan Loss Allowance$4.25 million
Unbacked Noncurrent Loans$12.46 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.89%
Return on Assets0.34%
Return on Equity2.81%
Interest Income$28.11 million
Rates

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The Lowell Five Cent Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Before You Know It Club
0.05%--Passbook Savings
0.05%--Statement Savings
0.05%--Companion Savings

The Lowell Five Cent Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$50k-MoneyMaker - Money Market

The Lowell Five Cent Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.02%--MyChoice Interest

The Lowell Five Cent Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-5 Year CD
0.90%$500-4 Year CD
0.80%$500-3 Year CD
0.70%$500-2.5 Year CD
0.45%$500-1.5 Year CD
0.35%$500-1 Year CD
0.25%$2,500-6 Month CD

The Lowell Five Cent Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-5 Year IRA CD
0.90%$500-4 Year IRA CD
0.80%$500-3 Year IRA CD
0.70%$500-2.5 Year IRA CD
0.45%$500-1.5 Year IRA CD
0.45%$100-12 Month Amplifier IRA CD
0.35%$500-1 Year IRA CD
0.25%$2,500-6 Month IRA CD
Locations

The Lowell Five Cent Savings Bank has 16 locations. Click to view all The Lowell Five Cent Savings Bank locations.