Lee Bank

75 Park Street
Lee, MA 01238


2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 33645
Date Established 1992
Assets $0.38 billion
Loans $0.30 billion
Deposits $0.31 billion
Capital $0.03 billion

Lee Bank is an FDIC insured institution located in Lee, MA. It was founded in 1992 and has approximately $0.38 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of Lee 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 Lee Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Massachusetts, Lee Bank has a significantly higher percent of Small Business 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 57.78
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 17.47
Construction and Development Loans 5.01
Commercial Real Estate 28.31
Commercial and Industrial Loans 7.37
Farm Loans 0.00

Deposit Rates - November 12, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $10 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $99,999 Learn MoreShow Less
3 Mo CD
0.15% $500 - Learn MoreShow Less

Fixed IRA
0.25% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.10% $10 - Learn MoreShow Less
Checking Rates APY MIN FEE
Kasasa Cash 3.00% $0 $0.00 Learn MoreShow Less
Basic Checking 0.00% $0 $3.00 Learn MoreShow Less

Loan Rates - November 12, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Lee 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
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.693% 4.625% 0.38 $2,107 $1,286 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings and Loans 4.24% $246 Learn More
Flagstar Bank 5.49% $284 Learn More

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

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Lee Bank Locations

Financial Details

Lee Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lee 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
Lee Bank U.S. Bank Average
13.03% 7.92%

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 June 30, 2018, Lee Bank had $4,290,000 in non-current loans and $80,000 in owned real estate. To cover these potential losses it had $30,433,000 in equity and $3,097,000 in loans loss reserves. That gives it a Texas Ratio of 13.03%.

Return on Equity
Lee Bank U.S. Bank Average
9.52% 9.77%

Lee Bank has a Return on Equity of 9.52% versus the BestCashCow average of 9.77%. 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.

Lee Bank U.S. Bank Average
8.05% 12.31%

Lee Bank has a Capitalization of 8.05% versus the BestCashCow average of 12.31. 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.

Lee Bank Balance Sheet Analysis

As of June 30, 2018, Lee Bank had assets of $377,923,000, loans of $304,871,000, and deposits of $305,122,000. 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

June 30, 2018
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.30 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 $0.01 billion
     Total Assets $0.35 billion
Total deposits $0.31 billion
      Interest-bearing deposits $0.26 billion
      Deposits held in domestic offices $0.31 billion
      % insured (estimated) 69.63%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.35 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

June 30, 2018
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Lee Bank

Branches and Savings

Is Lee Bank FDIC insured?

Yes. It is covered under FDIC Certificate #33645.

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

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

Why are Lee Bank CD rates not competitive?

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

Is Lee Bank a commercial bank?


Where are Lee Bank locations?

See branch locations nearby.

Is Lee Bank open on Saturdays?

Is Lee Bank open on Sundays?

What time does Lee Bank open?

What time does Lee Bank close?

Are Lee Bank ATMs Open 24/7?

Do Lee Bank ATMs accept cash deposits?

Can Lee Bank customers use other ATMs?

Do Lee Bank branches have notaries?

Will Lee Bank notarize my document?

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

Will the Lee Bank branch print checks?

Do Lee Bank checks expire?

Does Lee Bank require US citizenship to open account?

Can Lee Bank close my account?

Does Lee Bank Report to credit bureaus?

Does Lee Bank Use Equifax?

What is Lee Bank's ACH Routing Number?

What is Lee Bank's SWIFT code?


Does Lee Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Lee Bank offer personal loans?

Compare personal loan rates here.

Does Lee Bank offer student loans?

Will Lee Bank cash a check?

Will Lee Bank redeem a savings bond?

Does Lee Bank cash savings bonds?

Will Lee Bank cash money orders?

Can Lee Bank issue a money order?

Does Lee Bank do currency exchange?

Background on The Bank

Who owns Lee Bank?

How long has Lee Bank been around?

Can Lee Bank transfer to other banks?

Does Lee Bank have quick pay?

Does Lee Bank accept rolled coins?

Will Lee Bank accept loose change?

Where is Lee Bank headquarters?

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