Reading Cooperative Bank is headquartered in Reading and is the 67th largest bank in the state of Massachusetts. It is also the 1,322nd largest bank in the nation. It was established in 1886 and as of December of 2020, it had grown to 79 employees at 8 locations. Reading Cooperative Bank has an A health rating.
Overall | |
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FDIC Certificate # | 26620 |
Year Established | 1886 |
Employees | 79 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 0.74% |
Return on Equity - YTD | 8.17% |
Annual Interest Income | $23.9MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $649.2MM$597.5MM |
Loans | Q4 2020vs Q4 2019 | $485.0MM$460.4MM |
Deposits | Q4 2020vs Q4 2019 | $542.8MM$478.0MM |
Equity Capital | Q4 2020vs Q4 2019 | $59.5MM$54.3MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $3.5MM$2.8MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.2MM$879.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $100k* | - | Money Market Deposit Account | ||
OTHER TIERS: 0.05% → Up to $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.40% | $500 | - | 5 Year CD | |
0.35% | $500 | - | 4 Year CD | |
0.30% | $500 | - | 3 Year CD | |
0.20% | $500 | - | 2 Year CD | |
0.15% | $500 | - | 1 Year CD | |
0.10% | $500 | - | 6 Month CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.40% | $500 | - | 5 Year IRA | |
0.35% | $500 | - | 4 Year IRA | |
0.30% | $500 | - | 3 Year IRA | |
0.20% | $500 | - | 2 Year IRA | |
0.15% | $500 | - | 1 Year IRA | |
0.10% | $500 | - | 6 Month IRA |
Reading Cooperative Bank Locations | ||
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Burlington Office Branch | 10 Wall Street | Burlington, MA 01803 |
North Reading Branch | 170 Park Street | North Reading, MA 01864 |
Andover Branch | 18-20 Central Street | Andover, MA 01810 |
Reading Co-Operative Bank | 180 Haven Street | Reading, MA 01867 |
Lowell Street Wilmington Branch | 230 Lowell Street | Wilmington, MA 01887 |
Wilmington Branch | 352 Middlesex Avenue | Wilmington, MA 01887 |
Reading Memorial High School Branch | 62 Oakland Road | Reading, MA 01867 |
Nemt Branch | 100 Hemlock Road | Wakefield, MA 01880 |