Rockland Trust Company

288 Union Street
Rockland, MA 02370

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9712
Date Established 1907
Assets $11.59 billion
Loans $9.01 billion
Deposits $9.39 billion
Capital $1.76 billion
 

Rockland Trust Company is an FDIC insured institution located in Rockland, MA. It was founded in 1907 and has approximately $11.59 billion in assets. Customers can open an account at one of its 96 branches.

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

Deposit Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.01% $1 $9,999 Learn MoreShow Less
Money Market
0.15% $10,000 $24,999 Learn MoreShow Less
Money Market
0.30% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.20% $5,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.45% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $1,000 - Learn MoreShow Less
6 Mo CD
0.25% $1,000 - Learn MoreShow Less
24 Mo CD
1.25% $1,000 - Learn MoreShow Less
36 Mo CD
1.01% $1,000 - Learn MoreShow Less
48 Mo CD
1.00% $1,000 - Learn MoreShow Less
60 Mo CD
1.25% $1,000 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
Var IRA
0.75% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Rockland Trust Company 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:
Fairfield,Connecticut


Rockland Trust Company Locations


Financial Details

Rockland Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Rockland Trust Company. 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
Rockland Trust Company U.S. Bank Average
2.63% 6.77%

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, 2019, Rockland Trust Company had $45,293,000 in non-current loans and $2,889,000 in owned real estate. To cover these potential losses it had $1,763,850,000 in equity and $65,960,000 in loans loss reserves. That gives it a Texas Ratio of 2.63%.

Return on Equity
Rockland Trust Company U.S. Bank Average
10.22% 9.50%

Rockland Trust Company has a Return on Equity of 10.22% versus the BestCashCow average of 9.50%. 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
Rockland Trust Company U.S. Bank Average
15.22% 12.76%

Rockland Trust Company has a Capitalization of 15.22% versus the BestCashCow average of 12.76. 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.

Rockland Trust Company Balance Sheet Analysis

As of June 30, 2019, Rockland Trust Company had assets of $11,592,385,000, loans of $9,008,383,000, and deposits of $9,385,652,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.19 billion
Interest-bearing balances $0.07 billion
Total securities $1.21 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $9.01 billion
Loan loss allowance $0.07 billion
Trading account assets $0.05 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.54 billion
All other assets $0.41 billion
     Total Assets $9.83 billion
LIABILITIES
Total deposits $9.39 billion
      Interest-bearing deposits $6.54 billion
      Deposits held in domestic offices $9.39 billion
      % insured (estimated) 70.84%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.05 billion
Other borrowed funds $0.33 billion
Subordinated debt $0.00 billion
All other liabilities $0.06 billion
      Total Liabilities $9.83 billion
      Shareholders’ Equity $1.76 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.22 billion
Total Interest Expense $0.02 billion
Net interest income $0.19 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.05 billion
Total non interest expense $0.15 billion
Pre-tax Net Operating Income $0.09 billion

Bank Loan Profile?

The top three loan types in Rockland Trust Company’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Rockland Trust Company’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 36.62
Multifamily
Mortgages
6.33
Credit Card Loans 0.00
Consumer Auto Loans 0.10
Small Business Loans 7.06
Construction and Development Loans 6.62
Commercial Real Estate 33.64
Commercial and Industrial Loans 15.68
Farm Loans 0.16

Frequently Asked Questions About Rockland Trust Company

Branches and Savings

Is Rockland Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #9712.

Why does Rockland Trust Company pay such low interest on savings accounts?

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

Why are Rockland Trust Company CD rates not competitive?

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

Is Rockland Trust Company a commercial bank?

Yes

Where are Rockland Trust Company locations?

See branch locations nearby.

Is Rockland Trust Company open on Saturdays?

Is Rockland Trust Company open on Sundays?

What time does Rockland Trust Company open?

What time does Rockland Trust Company close?

Are Rockland Trust Company ATMs Open 24/7?

Do Rockland Trust Company ATMs accept cash deposits?

Can Rockland Trust Company customers use other ATMs?

Do Rockland Trust Company branches have notaries?

Will Rockland Trust Company notarize my document?

What address for Rockland Trust Company should I put for incoming ACH transfers?

Will the Rockland Trust Company branch print checks?

Do Rockland Trust Company checks expire?

Does Rockland Trust Company require US citizenship to open account?

Can Rockland Trust Company close my account?

Does Rockland Trust Company Report to credit bureaus?

Does Rockland Trust Company Use Equifax?

What is Rockland Trust Company's ACH Routing Number?

What is Rockland Trust Company's SWIFT code?

Products

Does Rockland Trust Company offer mortgages?

Compare mortgage rates here.

Does Rockland Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Rockland Trust Company offer personal loans?

Compare personal loan rates here.

Does Rockland Trust Company offer student loans?

Will Rockland Trust Company cash a check?

Will Rockland Trust Company redeem a savings bond?

Does Rockland Trust Company cash savings bonds?

Will Rockland Trust Company cash money orders?

Can Rockland Trust Company issue a money order?

Does Rockland Trust Company do currency exchange?

Background on The Bank

Who owns Rockland Trust Company?

How long has Rockland Trust Company been around?

Can Rockland Trust Company transfer to other banks?

Does Rockland Trust Company have quick pay?

Does Rockland Trust Company accept rolled coins?

Will Rockland Trust Company accept loose change?

Where is Rockland Trust Company headquarters?

Customer Reviews for Rockland Trust Company


  • December 27, 2018 |

    The worst on line banking I have experienced and seems to be getting worse

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