Charles River Bank

Overview / Commentary
70 Main Street
Medway, MA 02053

Charles River Bank is headquartered in Medway and is the 88th largest bank in the state of Massachusetts. It is also the 2,314th largest bank in the nation. It was established in 1915 and as of March of 2022, it had grown to 48 employees at 4 locations. Charles River Bank has an A health rating.


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Health Grade Components

FDIC Certificate #26602
Year Established1915
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD4.23%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$336.0MM$305.2MM
LoansQ1 2022vs Q1 2021$202.6MM$195.9MM
DepositsQ1 2022vs Q1 2021$313.0MM$279.8MM
Equity CapitalQ1 2022vs Q1 2021$19.5MM$22.1MM
Loan Loss AllowanceQ1 2022vs Q1 2021$1.4MM$1.3MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$852.00K$1.4MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0

Rates for Charles River Bank are currently being reviewed.


Charles River Bank Locations
Charles River Bank Branch1 Hasting StMendon, MA 01756
Bellingham Branch3 South Maple StBellingham, MA 02019
Charles River Bank70 Main StMedway, MA 02053

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