Abington Bank

Headquarters

6 Harrison Avenue
Abington, MA 02351
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Abington Bank is an FDIC insured institution located in Abington, MA. It was founded in 1888 and has approximately $0.32 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 26549
Date Established 1888
Assets $ 314.12 million
Loans $ 238.25 million
Deposits $ 272.28 million
Capital $ 33.69 million
 

For a more detailed analysis of Abington Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Abington Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Abington Bank
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Branches

Abington Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Abington Bank Locations


Financial Details

Abington Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Abington Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Abington Bank U.S. Bank Average
3.06% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Abington Bank had $1,075,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $33,694,000 in equity and $1,485,000 in loans loss reserves. That gives it a Texas Ratio of 3.06%.

Return on Equity
Abington Bank U.S. Bank Average
4.45% 7.80%

Abington Bank has a Return on Equity of 4.45% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Abington Bank U.S. Bank Average
10.73% 12.68%

Abington Bank has a Capitalization of 10.73% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Abington Bank Balance Sheet Analysis

As of March 31, 2019, Abington Bank had assets of $319,472,000, loans of $238,254,000, and deposits of $272,281,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 21.80 million
Interest-bearing balances $ 20.46 million
Total securities $ 32.45 million
Federal funds sold and reverse repurchase $ 5.19 million
Net loans and leases $ 238.25 million
Loan loss allowance $ 1.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.35 million
All other assets $ 13.39 million
     Total Assets $ 285.78 million
LIABILITIES
Total deposits $ 272.28 million
      Interest-bearing deposits $ 228.37 million
      Deposits held in domestic offices $ 272.28 million
      % insured (estimated) 80.62%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 11.40 million
Subordinated debt N.A.
All other liabilities $ 2.10 million
      Total Liabilities $ 285.78 million
      Shareholders’ Equity $ 28.35 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.23 million
Total Interest Expense $ 0.51 million
Net interest income $ 2.72 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.22 million
Total non interest expense $ 2.52 million
Pre-tax Net Operating Income $ 0.45 million

Bank Loan Profile?

The top three loan types in Abington Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks, Abington Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 54.41
Multifamily
Mortgages
6.50
Credit Card Loans 0.00
Consumer Auto Loans 0.12
Small Business Loans 0.00
Construction and Development Loans 10.23
Commercial Real Estate 26.42
Commercial and Industrial Loans 2.79
Farm Loans 0.00

Frequently Asked Questions About Abington Bank

Branches and Savings

Is Abington Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26549.

Why does Abington Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Abington Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Abington Bank a commercial bank?

Yes

Where are Abington Bank locations?

See branch locations nearby.

Is Abington Bank open on Saturdays?

Is Abington Bank open on Sundays?

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What time does Abington Bank close?

Are Abington Bank ATMs Open 24/7?

Do Abington Bank ATMs accept cash deposits?

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Do Abington Bank branches have notaries?

Will Abington Bank notarize my document?

What address for Abington Bank should I put for incoming ACH transfers?

Will the Abington Bank branch print checks?

Do Abington Bank checks expire?

Does Abington Bank require US citizenship to open account?

Can Abington Bank close my account?

Does Abington Bank Report to credit bureaus?

Does Abington Bank Use Equifax?

What is Abington Bank's ACH Routing Number?

What is Abington Bank's SWIFT code?

Products

Does Abington Bank offer mortgages?

Compare mortgage rates here.

Does Abington Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Abington Bank offer personal loans?

Compare personal loan rates here.

Does Abington Bank offer student loans?

Will Abington Bank cash a check?

Will Abington Bank redeem a savings bond?

Does Abington Bank cash savings bonds?

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Can Abington Bank issue a money order?

Does Abington Bank do currency exchange?

Background on The Bank

Who owns Abington Bank?

How long has Abington Bank been around?

Can Abington Bank transfer to other banks?

Does Abington Bank have quick pay?

Does Abington Bank accept rolled coins?

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Where is Abington Bank headquarters?

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