Reading Cooperative Bank


Overview / Commentary
781-942-5000
180 Haven Street
Reading, MA 01867

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.

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Health

Health Grade Components

Overall
FDIC Certificate #26620
Year Established1886
Employees93
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD8.53%
Annual Interest Income$23.5MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$722.5MM$649.2MM
LoansQ4 2021vs Q4 2020$521.5MM$485.0MM
DepositsQ4 2021vs Q4 2020$648.5MM$542.8MM
Equity CapitalQ4 2021vs Q4 2020$62.5MM$59.5MM
Loan Loss AllowanceQ4 2021vs Q4 2020$3.6MM$3.5MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$1.3MM$1.2MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates

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Locations


Reading Cooperative Bank Locations
Burlington Office Branch10 Wall StreetBurlington, MA 01803
North Reading Branch170 Park StreetNorth Reading, MA 01864
Andover Branch18-20 Central StreetAndover, MA 01810
Reading Co-Operative Bank180 Haven StReading, MA 01867
Lowell Street Wilmington Branch230 Lowell StreetWilmington, MA 01887
Wilmington Branch352 Middlesex AvenueWilmington, MA 01887
Reading Memorial High School Branch62 Oakland RoadReading, MA 01867
Nemt Branch100 Hemlock RoadWakefield, MA 01880

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