Reading Cooperative Bank is headquartered in Reading and is the 59th largest bank in the state of Massachusetts. It is also the 1,295th largest bank in the nation. It was established in 1886 and as of December of 2021, it had grown to 93 employees at 8 locations. Reading Cooperative Bank has an A health rating.
Overall | |
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FDIC Certificate # | 26620 |
Year Established | 1886 |
Employees | 93 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 0.77% |
Return on Equity - YTD | 8.53% |
Annual Interest Income | $23.5MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $722.5MM$649.2MM |
Loans | Q4 2021vs Q4 2020 | $521.5MM$485.0MM |
Deposits | Q4 2021vs Q4 2020 | $648.5MM$542.8MM |
Equity Capital | Q4 2021vs Q4 2020 | $62.5MM$59.5MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $3.6MM$3.5MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.3MM$1.2MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |
Rates for Reading Cooperative Bank are currently being reviewed.
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 St | 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 |