Wakefield Co-operative Bank

Wakefield Co-operative Bank is headquartered in Wakefield and is the 130^th largest bank in the state of Massachusetts. It is also the 3,765^th largest bank in the nation. It was established in 1887 and as of March of 2012, it had grown to 31 employees at 2 locations. Wakefield Co-operative Bank has a 4-star health rating.

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Data for Q1 2012

Institution Statistics Wakefield Co-operative Bank FDIC Certificate # 26516 BankRate Report View Year Established 1887 Employees 31 Primary Regulator FDIC Assets and Liabilities Assets $156.78 million Loans $90.00 million Deposits $136.63 million Equity Capital $12.89 million Loan Loss Allowance $640,000 Unbacked Noncurrent Loans $824,000 Real Estate Owned $578,000 Historic Data - March 2011 Assets $144.54 million Equity Capital $11.20 million Loan Loss Allowance $534,000 Unbacked Noncurrent Loans $1.48 million Real Estate Owned $271,000 Profit Margin - Quarterly Net Interest Margin 3.05% Return on Assets 0.67% Return on Equity 8.1% Interest Income $1.41 million

Institution Health Overall Score: 4 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 Wakefield Co-operative Bank had $1.4 million in non-current loans and owned real-estate with $13.53 million in equity and loan loss allowances on hand to cover it. This gives Wakefield Co-operative Bank a Texas Ratio of 10.37% 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 Wakefield Co-operative Bank decreased slightly from 14.90% as of March 31, 2011 to 10.37% as of March 31, 2012, resulting in a positive change of 30.41%.This indicates that the balance sheet and financial strength for Wakefield Co-operative Bank has improved slightly in recent periods. Deposit Growth In the past year, Wakefield Co-operative Bank has increased its total deposits by $11.25 million, resulting in 8.97% 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 Wakefield Co-operative Bank has shown is excellent. 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. Wakefield Co-operative Bank has $156.78 million in assets with $13.53 million in equity, resulting in a capitalization level of 8.63%, which is average.

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