Patriot Community Bank

Headquarters

237 Lexington Street
Woburn, MA 01801
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.75% 1.01% →
2-Year CD 0.90% 0.95% →
5-Year CD 1.20% 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

Patriot Community Bank is an FDIC insured institution located in Woburn, MA. It was founded in 2006 and has approximately $0.19 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58133
Date Established 2006
Assets $ 186.66 million
Loans $ 142.03 million
Deposits $ 158.83 million
Capital $ 26.77 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.40% $10,000 $14,999 Learn More
3 Mo CD
0.40% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.85% $10,000 $14,999 Learn More
18 Mo CD
0.85% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.20% $10,000 $14,999 Learn More
60 Mo CD
1.20% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Basic Checking 0.00% $0 $0.00 Learn MoreShow Less
Patriot Checking 0.00% $0 $0.00 Learn MoreShow Less
PATRIOT PLUS Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - October 21, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Patriot Community 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
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.569% 2.500% 0.88 $2,258 $988 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 Patriot Community Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Patriot Community 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


Patriot Community Bank Locations


Financial Details

Patriot Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Patriot Community 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
Patriot Community Bank U.S. Bank Average
3.31% 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, Patriot Community Bank had $937,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $26,771,000 in equity and $1,524,000 in loans loss reserves. That gives it a Texas Ratio of 3.31%.

Return on Equity
Patriot Community Bank U.S. Bank Average
7.66% 7.80%

Patriot Community Bank has a Return on Equity of 7.66% 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
Patriot Community Bank U.S. Bank Average
14.34% 12.68%

Patriot Community Bank has a Capitalization of 14.34% 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.

Patriot Community Bank Balance Sheet Analysis

As of March 31, 2020, Patriot Community Bank had assets of $186,659,000, loans of $142,033,000, and deposits of $158,828,000. 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 $ 42.93 million
Interest-bearing balances $ 41.33 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 142.03 million
Loan loss allowance $ 1.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.62 million
     Total Assets $ 159.89 million
LIABILITIES
Total deposits $ 158.83 million
      Interest-bearing deposits $ 138.16 million
      Deposits held in domestic offices $ 158.83 million
      % insured (estimated) 73.24%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.06 million
      Total Liabilities $ 159.89 million
      Shareholders’ Equity $ 26.77 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.89 million
Total Interest Expense $ 0.64 million
Net interest income $ 1.25 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.29 million
Total non interest expense $ 0.78 million
Pre-tax Net Operating Income $ 0.69 million

Bank Loan Profile?

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

Compared to other banks in Massachusetts, Patriot Community Bank has a significantly higher percent of Small Business Loans, Construction and Development Loans, Commercial Real Estate 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 37.50
Multifamily
Mortgages
6.75
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 8.96
Construction and Development Loans 16.49
Commercial Real Estate 35.59
Commercial and Industrial Loans 4.72
Farm Loans 0.00

Frequently Asked Questions About Patriot Community Bank

Branches and Savings

Is Patriot Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58133.

Why does Patriot Community Bank pay such low interest on savings accounts?

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

Why are Patriot Community Bank CD rates not competitive?

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

Is Patriot Community Bank a commercial bank?

Yes

Where are Patriot Community Bank locations?

See branch locations nearby.

Is Patriot Community Bank open on Saturdays?

Is Patriot Community Bank open on Sundays?

What time does Patriot Community Bank open?

What time does Patriot Community Bank close?

Are Patriot Community Bank ATMs Open 24/7?

Do Patriot Community Bank ATMs accept cash deposits?

Can Patriot Community Bank customers use other ATMs?

Do Patriot Community Bank branches have notaries?

Will Patriot Community Bank notarize my document?

What address for Patriot Community Bank should I put for incoming ACH transfers?

Will the Patriot Community Bank branch print checks?

Do Patriot Community Bank checks expire?

Does Patriot Community Bank require US citizenship to open account?

Can Patriot Community Bank close my account?

Does Patriot Community Bank Report to credit bureaus?

Does Patriot Community Bank Use Equifax?

What is Patriot Community Bank's ACH Routing Number?

What is Patriot Community Bank's SWIFT code?

Products

Does Patriot Community Bank offer mortgages?

Compare mortgage rates here.

Does Patriot Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Patriot Community Bank offer personal loans?

Compare personal loan rates here.

Does Patriot Community Bank offer student loans?

Will Patriot Community Bank cash a check?

Will Patriot Community Bank redeem a savings bond?

Does Patriot Community Bank cash savings bonds?

Will Patriot Community Bank cash money orders?

Can Patriot Community Bank issue a money order?

Does Patriot Community Bank do currency exchange?

Background on The Bank

Who owns Patriot Community Bank?

How long has Patriot Community Bank been around?

Can Patriot Community Bank transfer to other banks?

Does Patriot Community Bank have quick pay?

Does Patriot Community Bank accept rolled coins?

Will Patriot Community Bank accept loose change?

Where is Patriot Community Bank headquarters?

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