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 Wakefield Co-operative Bank
Wakefield Co-operative Bank
| RSSD ID 330873 | CERTIFICATE 26516 | ABA NUMBER 211371997 |
| 342 Main St |
Quarter Ended : |
2025-03-31 |
| Wakefield, Massachusetts, 1880 |
Updated : |
2025-04-24 |
| Institution Profile |
| Year Opened : |
1887 |
Institution Type : |
Stock and Mutual Savings bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Mortgage Lending Specialization |
| Number of Employees : |
30 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 305,779 |
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Total Interest Income | 3,170 |
| Total Liabilities | 287,709 |
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Total NonInterest Income | 136 |
| Total Bank Equity Capital | 18,070 |
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Total Interest Expense | 1,799 |
| Total Deposits | 261,018 |
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Total NonInterest Expense | 1,870 |
| Net Loans & Leases | 250,360 |
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Net Income | (261) |
| Loan Loss Allowance | 1,750 |
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Net Charge Offs | 1 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 22,818 |
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Total loans | 252,269 |
| Total assets for the leverage ratio | 308,378 |
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Loans secured by real estate: | 252,218 |
| Tier 1 Leverage Ratio | 6.77 |
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Commercial and industrial loans | 46 |
| Tier 1 Capital Ratio | 11.85 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.95 |
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Loans to individuals - Other | 5 |
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:· Wakefield Co-operative Bank
