Canton Co-operative Bank

671 Washington Street
Canton, MA 02021

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26450
Date Established 1891
Assets $0.11 billion
Loans $0.06 billion
Deposits $0.08 billion
Capital $0.02 billion

Canton Co-operative Bank is an FDIC insured institution located in Canton, MA. It was founded in 1891 and has approximately $0.11 billion in assets.

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

Bank Loan Profile?

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

Compared to other banks in Massachusetts, Canton Co-operative Bank has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 66.30
Multifamily
Mortgages
3.21
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 5.26
Construction and Development Loans 19.60
Commercial Real Estate 8.67
Commercial and Industrial Loans 0.09
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.25% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.35% $1,000 - Learn MoreShow Less
Special: 17 Mo FIRA
1.71% $1,000 - Learn MoreShow Less
Special: 27 Mo FIRA
1.91% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.15% $20 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.10% $2,500 - Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.10% $10,000 $24,999 Learn MoreShow Less
Premium MM 25K
0.13% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $10 $1,499 Learn MoreShow Less
Int Ckg 2.5K
0.10% $1,500 - Learn MoreShow Less
Checking Rates APY MIN FEE
Totally Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Canton Co-operative 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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.544% 4.500% 0.00 $1,305 $1,267 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
4.553% 4.500% 0.13 $1,550 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.320% 4.250% 0.38 $2,190 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.459% 4.375% 0.00 $2,500 $1,249 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More

Note to Canton Co-operative Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Canton Co-operative 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


Canton Co-operative Bank Locations

Financial Details

Canton Co-operative Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Canton Co-operative 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
Canton Co-operative Bank U.S. Bank Average
2.22% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2017, Canton Co-operative Bank had $410,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,965,000 in equity and $543,000 in loans loss reserves. That gives it a Texas Ratio of 2.22%.

Return on Equity
Canton Co-operative Bank U.S. Bank Average
2.14% 8.84%

Canton Co-operative Bank has a Return on Equity of 2.14% versus the BestCashCow average of 8.84%. 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
Canton Co-operative Bank U.S. Bank Average
17.01% 12.21%

Canton Co-operative Bank has a Capitalization of 17.01% versus the BestCashCow average of 12.21. 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.

Canton Co-operative Bank Balance Sheet Analysis

As of December 31, 2017, Canton Co-operative Bank had assets of $105,597,000, loans of $62,336,000, and deposits of $84,787,000. 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

ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.06 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.09 billion
LIABILITIES
Total deposits $0.08 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.08 billion
      % insured (estimated) 81.14%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.09 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Canton Co-operative Bank

Branches and Savings

Is Canton Co-operative Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26450.

Why does Canton Co-operative Bank pay such low interest on savings accounts?

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

Why are Canton Co-operative Bank CD rates not competitive?

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

Is Canton Co-operative Bank a commercial bank?

Yes

Where are Canton Co-operative Bank locations?

See branch locations nearby.

Is Canton Co-operative Bank open on Saturdays?

Is Canton Co-operative Bank open on Sundays?

What time does Canton Co-operative Bank open?

What time does Canton Co-operative Bank close?

Are Canton Co-operative Bank ATMs Open 24/7?

Do Canton Co-operative Bank ATMs accept cash deposits?

Can Canton Co-operative Bank customers use other ATMs?

Do Canton Co-operative Bank branches have notaries?

Will Canton Co-operative Bank notarize my document?

What address for Canton Co-operative Bank should I put for incoming ACH transfers?

Will the Canton Co-operative Bank branch print checks?

Do Canton Co-operative Bank checks expire?

Does Canton Co-operative Bank require US citizenship to open account?

Can Canton Co-operative Bank close my account?

Does Canton Co-operative Bank Report to credit bureaus?

Does Canton Co-operative Bank Use Equifax?

What is Canton Co-operative Bank's ACH Routing Number?

What is Canton Co-operative Bank's SWIFT code?

Products

Does Canton Co-operative Bank offer mortgages?

Compare mortgage rates here.

Does Canton Co-operative Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Canton Co-operative Bank offer personal loans?

Compare personal loan rates here.

Does Canton Co-operative Bank offer student loans?

Will Canton Co-operative Bank cash a check?

Will Canton Co-operative Bank redeem a savings bond?

Does Canton Co-operative Bank cash savings bonds?

Will Canton Co-operative Bank cash money orders?

Can Canton Co-operative Bank issue a money order?

Does Canton Co-operative Bank do currency exchange?

Background on The Bank

Who owns Canton Co-operative Bank?

How long has Canton Co-operative Bank been around?

Can Canton Co-operative Bank transfer to other banks?

Does Canton Co-operative Bank have quick pay?

Does Canton Co-operative Bank accept rolled coins?

Will Canton Co-operative Bank accept loose change?

Where is Canton Co-operative Bank headquarters?

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