Winchester Co-operative Bank

19 Church Street
Winchester, MA 1890
(781)-729-3620
www.wcbonline.com

FDIC


Winchester Co-operative Bank is headquartered in Winchester and is the 54th largest bank in the state of Massachusetts. It is also the 1,224th largest bank in the nation. It was established in 1893 and as of March of 2013, it had grown to 41 employees at 1 location. Winchester Co-operative Bank's money market rates are 14% higher than the national average, and it has a 4-star health rating.



See Rates for: Checking | Savings | Money Market | CD | IRA

Winchester Co-operative Bank Checking Account Rates

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0.10%--Now Account

Winchester Co-operative Bank Savings Account Rates

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0.50%--Passbook Savings Accounts
0.50%-- Statement Savings Account
0.50%-- Club Savings Accounts

Winchester Co-operative Bank Money Market Rates

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0.50%--Money Market Deposit Account

Winchester Co-operative Bank CD Rates

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1.25%$500-36 Month CD
1.15%$500-24 Month CD
1.00%$500-18 Month CD
0.80%$500-12 Month CD
0.65%$500-6 Month CD
0.55%$500-91 Day CD

Winchester Co-operative Bank IRA Rates

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1.15%$500-18 Month IRA
1.15%$500-18 Month Roth IRA
0.95%$500-12 Month IRA
0.95%$500-12 Month Roth IRA

Rates updated: 6/17/2013

Data for Q1 2013


Institution Statistics


Winchester Co-operative Bank
FDIC Certificate #27238
BankRate ReportView
Year Established1893
Employees41
Primary RegulatorFDIC

Assets and Liabilities

Assets$548.53 million
Loans$353.13 million
Deposits$486.31 million
Equity Capital$61.85 million
Loan Loss Allowance$1.43 million
Unbacked Noncurrent Loans$9.76 million

Historic Data - March 2012

Assets$533.23 million
Equity Capital$57.80 million
Loan Loss Allowance$1.75 million
Unbacked Noncurrent Loans$11.15 million

Profit Margin - Quarterly

Net Interest Margin2.34%
Return on Assets0.75%
Return on Equity6.7%
Interest Income$4.05 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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, 2013 Winchester Co-operative Bank had $9.76 million in non-current loans and owned real-estate with $63.29 million in equity and loan loss allowances on hand to cover it. This gives Winchester Co-operative Bank a Texas Ratio of 15.42% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Winchester Co-operative Bank decreased slightly from 18.73% as of March 31, 2012 to 15.42% as of March 31, 2013, resulting in a positive change of 17.67%.This indicates that the balance sheet and financial strength for Winchester Co-operative Bank has improved slightly in recent periods.
Deposit Growth4
In the past year, Winchester Co-operative Bank has increased its total deposits by $13.47 million, resulting in 2.85% 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 Winchester Co-operative Bank has shown is above average.
Capitalization4
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. Winchester Co-operative Bank has $548.53 million in assets with $63.29 million in equity, resulting in a capitalization level of 11.54%, which is above average.
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