Norwood Bank


Overview / Commentary
781-762-1800
11 Central Street
Norwood, MA 02062

From the Bank

Since its founding in 1889, Norwood Bank has been a pioneer in providing innovative banking services. We take pride in offering people and businesses the services they needed to fulfill their dreams of buying a home, creating financial stability and planning for the future. Over the years, Norwood Bank created new checking, savings, retirement, mortgage and investment products to help people and businesses meet their financial goals.

As banking technology grew more sophisticated, the Bank introduced the concept of Boundless Banking. Powered by a national network of fee-free ATMs and the latest in mobile and online banking, Boundless is an illustration of the Bank’s commitment to giving their customers the freedom to bank however, and wherever, they choose.

Big-bank products and services combined with community-bank personal service—that’s the Norwood Bank difference.

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Health

Health Grade Components

Overall
FDIC Certificate #26555
Year Established1889
Employees54
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD7.06%
Annual Interest Income$11.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$669.6MM$683.7MM
LoansQ2 2022vs Q2 2021$556.1MM$504.2MM
DepositsQ2 2022vs Q2 2021$558.1MM$567.8MM
Equity CapitalQ2 2022vs Q2 2021$96.2MM$90.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$5.4MM$5.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.2MM$2.3MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Norwood Bank are currently being reviewed.

Locations


Norwood Bank Locations
Norwood Co-Operative Bank11 Central StNorwood, MA 02062

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