North Brookfield Savings Bank

Headquarters

9 Gilbert St
North Brookfield, MA 01535
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

North Brookfield Savings Bank is an FDIC insured institution located in North Brookfield, MA. It was founded in 1854 and has approximately $0.41 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 90258
Date Established 1854
Assets $ 408.65 million
Loans $ 274.07 million
Deposits $ 358.05 million
Capital $ 33.14 million
 

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

Deposit Rates - July 13, 2024

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
Free Checking Plus 0.00% $0 $0.00 Learn MoreShow Less
NOW Checking 0.10% $500 $5.00 Learn MoreShow Less

Loan Rates - July 13, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for North Brookfield Savings 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

Lender APR Rate (%) Monthly
Payment
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PenFed Credit Union
NMLS ID: 401822
6.541% 6.375%
0.75 points
$5,603 fees
$1,997 Learn More
New American Funding, LLC.
NMLS ID: 6606
6.580% 6.490%
1.00 points
$3,002 fees
$2,021 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.616% 6.500%
1.00 points
$3,855 fees
$2,023 Learn More
PADDIO
NMLS ID: 1907
6.812% 6.625%
1.00 points
$6,202 fees
$2,049 Learn More

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
See Table
7.990 %
$0 Learn More
More Info

Note to North Brookfield Savings Bank
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Branches

North Brookfield Savings 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


North Brookfield Savings Bank Locations



Climate Policy and Initiatives

North Brookfield Savings Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

North Brookfield Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of North Brookfield Savings 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
North Brookfield Savings Bank U.S. Bank Average
1.91% 3.96%

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 December 31, 2024, North Brookfield Savings Bank had $664,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $33,142,000 in equity and $1,592,000 in loans loss reserves. That gives it a Texas Ratio of 1.91%.

Return on Equity
North Brookfield Savings Bank U.S. Bank Average
3.49% 12.20%

North Brookfield Savings Bank has a Return on Equity of 3.49% versus the BestCashCow average of 12.20%. 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
North Brookfield Savings Bank U.S. Bank Average
8.11% 10.76%

North Brookfield Savings Bank has a Capitalization of 8.11% versus the BestCashCow average of 10.76. 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.

North Brookfield Savings Bank Balance Sheet Analysis

As of December 31, 2023, North Brookfield Savings Bank had assets of $408,649,000, loans of $274,074,000, and deposits of $358,054,000. 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

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 13.22 million
Interest-bearing balances $ 11.16 million
Total securities $ 94.65 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 274.07 million
Loan loss allowance $ 1.59 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.22 million
All other assets $ 17.94 million
     Total Assets $ 375.51 million
LIABILITIES
Total deposits $ 358.05 million
      Interest-bearing deposits $ 298.18 million
      Deposits held in domestic offices $ 358.05 million
      % insured (estimated) 90.05%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.00 million
Subordinated debt N.A.
All other liabilities $ 4.56 million
      Total Liabilities $ 375.51 million
      Shareholders’ Equity $ 33.14 million

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 15.24 million
Total Interest Expense $ 5.16 million
Net interest income $ 10.08 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 2.09 million
Total non interest expense $ 10.67 million
Pre-tax Net Operating Income $ 0.50 million

Bank Loan Profile?

The top three loan types in North Brookfield Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks, North Brookfield Savings 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 57.66
Multifamily
Mortgages
7.14
Credit Card Loans 0.00
Consumer Auto Loans 1.67
Small Business Loans 5.95
Construction and Development Loans 1.60
Commercial Real Estate 12.01
Commercial and Industrial Loans 1.12
Farm Loans 0.00

Customer Reviews for North Brookfield Savings Bank


  • April 21, 2020 |

    Expect to not have e-mails responded to properly or phone calls returned. this is the type of institution that you will be dealing with if you go here


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