Abington Bank


6 Harrison Avenue
Abington, MA 02351
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.50% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2024 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 - March 2, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - March 2, 2024

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 2024

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PenFed Credit Union
NMLS ID: 401822
6.553% 6.375%
0.88 points
$6,000 fees
$1,997 Learn More
NMLS ID: Not a Lender

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Neighbors Bank
NMLS ID: 491986

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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
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7.490 %
$0 Learn More
More Info

Note to Abington Bank
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Climate Initiatives

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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% 4.13%

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 September 30, 2023, 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% 26.02%

Abington Bank has a Return on Equity of 4.45% versus the BestCashCow average of 26.02%. 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.

Abington Bank U.S. Bank Average
10.73% 10.23%

Abington Bank has a Capitalization of 10.73% versus the BestCashCow average of 10.23. 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

September 30, 2023
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
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

September 30, 2023
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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 54.41
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

Customer Reviews for Abington Bank

  • December 3, 2020 |

    Horrible bank. Asked for my ATM card to be sent to the branch rather than my home as a courtesy. Bank agreed. After inquiring about it, I was rudely informed it had been sent to my home anyway. No excuse.

    The branch manager took it amongst herself to close my account because she felt I was rude to her staff. Unprofessulional, irresponsible snobs. Stay away- horrible bank.

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