The Needham Bank

The Needham Bank is headquartered in Needham and is the 23^rd largest bank in the state of Massachusetts. It is also the 569^th largest bank in the nation. It was established in 1892 and as of March of 2012, it had grown to 112 employees at 5 locations. The Needham Bank has a 5-star health rating.

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Data for Q1 2012

Institution Statistics The Needham Bank FDIC Certificate # 26483 BankRate Report View Year Established 1892 Employees 112 Primary Regulator FED Assets and Liabilities Assets $1.16 billion Loans $906.10 million Deposits $891.77 million Equity Capital $203.45 million Loan Loss Allowance $15.74 million Unbacked Noncurrent Loans $24.53 million Real Estate Owned $3.15 million Historic Data - March 2011 Assets $1.18 billion Equity Capital $191.89 million Loan Loss Allowance $19.01 million Unbacked Noncurrent Loans $36.48 million Real Estate Owned $12.79 million Profit Margin - Quarterly Net Interest Margin 3.86% Return on Assets 0.95% Return on Equity 5.45% Interest Income $13.43 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 The Needham Bank had $27.68 million in non-current loans and owned real-estate with $219.19 million in equity and loan loss allowances on hand to cover it. This gives The Needham Bank a Texas Ratio of 12.63% 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 The Needham Bank decreased significantly from 23.36% as of March 31, 2011 to 12.63% as of March 31, 2012, resulting in a positive change of 45.95%.This indicates that the balance sheet and financial strength for The Needham Bank has improved significantly in recent periods. Deposit Growth In the past year, The Needham Bank has increased its total deposits by $29.07 million, resulting in 3.37% 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 Needham 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. The Needham Bank has $1.16 billion in assets with $219.19 million in equity, resulting in a capitalization level of 18.96%, which is excellent.

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