Wakefield Co-operative Bank

Overview / Commentary

www.wakefieldcoop.com

781-245-3890

342 Main Street
Wakefield, MA 01880

Wakefield Co-operative Bank is headquartered in Wakefield and is the 99^th largest bank in the state of Massachusetts. It is also the 2,591^st largest bank in the nation. It was established in 1887 and as of June of 2019, it had grown to 39 employees at 2 locations. Wakefield Co-operative Bank's money market rates are 3X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #	26516
Year Established	1887
Employees	39
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.52%
Return on Equity - YTD	6.57%
Annual Interest Income	$4.5MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$234.7MM$223.5MM
Loans	Q2 2019vs Q2 2018	$189.4MM$172.1MM
Deposits	Q2 2019vs Q2 2018	$203.1MM$186.8MM
Equity Capital	Q2 2019vs Q2 2018	$18.6MM$16.5MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$1.5MM$1.3MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$1.3MM$1.2MM
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Wakefield Co-operative Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Statement Savings Account
0.05%	-	-	Christmas Club

Wakefield Co-operative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$100k^*	$3m	Platinum Money Market Account
OTHER TIERS: 0.50% → Up to $100k
0.25%^*	$100k^*	$500k	Ultimate Money Market Account
OTHER TIERS: 0.01% → Up to $2.5k \| 0.03% → $2.5k - $10k \| 0.05% → $10k - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $100k

Wakefield Co-operative Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%^*	-	$500	Freedom Checking
OTHER TIERS: 0.02% → $500+
0.15%^*	$100^*	$25k	Premier Checking
OTHER TIERS: 0.10% → $25k+
0.02%	-	-	N.O.W. Account

Wakefield Co-operative Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$500	-	9 Month CD Special
1.60%	$500	-	60 Month CD
1.50%	$500	-	9 Month CD
1.40%	$500	-	48 Month CD
1.20%	$500	-	90 Day CD
1.10%	$500	-	36 Month CD
1.10%	$500	-	3 Year Step-Up CD Special
1.05%	$500	-	30 Month CD
1.00%	$500	-	14 Month CD
1.00%	$500	-	24 Month CD
0.85%	$500	-	18 Month CD
0.75%	$500	-	12 Month CD
0.55%	$500	-	6 Month CD

Wakefield Co-operative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.60%	$500	-	60 Month IRA
1.40%	$500	-	48 Month IRA
1.10%	$500	-	36 Month IRA
1.05%	$500	-	30 Month IRA
1.00%	$500	-	14 Month IRA
1.00%	$500	-	24 Month IRA
0.85%	$500	-	18 Month IRA
0.75%	$500	-	12 Month IRA
0.55%	$500	-	6 Month IRA

Locations

Wakefield Co-operative Bank Locations
Wakefield Co-Operative Bank	342 Main Street	Wakefield, MA 01880
Lynnfield Branch	596 Main Street	Lynnfield, MA 01940

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