StonehamBank, A Co-operative Bank

80 Montvale Avenue
Stoneham, MA 02180

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26559
Date Established 1887
Assets $0.60 billion
Loans $0.51 billion
Deposits $0.44 billion
Capital $0.06 billion

StonehamBank, A Co-operative Bank is an FDIC insured institution located in Stoneham, MA. It was founded in 1887 and has approximately $0.6 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of StonehamBank, A 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 StonehamBank, A Co-operative Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Massachusetts, StonehamBank, A Co-operative 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 45.00
Multifamily
Mortgages
6.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 16.00
Construction and Development Loans 2.59
Commercial Real Estate 28.50
Commercial and Industrial Loans 19.04
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
0.50% $10 $24,999 Learn MoreShow Less
Money Market
0.75% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.55% $1,000 - Learn MoreShow Less
Special: 11 Mo FIRA
2.15% $1,000 - Learn MoreShow Less
Special: 17 Mo FIRA
2.75% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $10 - Learn MoreShow Less
Checking Rates APY MIN FEE
Optimum Free Checking 0.00% $0 $0.00 Learn MoreShow Less
Optimum Interest Checking 0.00% $3,000 $8.00 Learn MoreShow Less

Loan Rates - November 12, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for StonehamBank, A 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
HSBC Bank USA N.A.
NMLS ID: 399799
5.158% 5.125% -0.13 $1,046 $1,362 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 StonehamBank, A Co-operative Bank
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Branches

StonehamBank, A 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


StonehamBank, A Co-operative Bank Locations

Financial Details

StonehamBank, A Co-operative Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of StonehamBank, A 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
StonehamBank, A Co-operative Bank U.S. Bank Average
4.99% 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, StonehamBank, A Co-operative Bank had $3,128,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $56,077,000 in equity and $6,632,000 in loans loss reserves. That gives it a Texas Ratio of 4.99%.

Return on Equity
StonehamBank, A Co-operative Bank U.S. Bank Average
6.05% 9.77%

StonehamBank, A Co-operative Bank has a Return on Equity of 6.05% 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.

Capitalization
StonehamBank, A Co-operative Bank U.S. Bank Average
9.35% 12.31%

StonehamBank, A Co-operative Bank has a Capitalization of 9.35% 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.

StonehamBank, A Co-operative Bank Balance Sheet Analysis

As of June 30, 2018, StonehamBank, A Co-operative Bank had assets of $599,878,000, loans of $511,960,000, and deposits of $442,042,000. 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
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.51 billion
Loan loss allowance $0.01 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 $0.54 billion
LIABILITIES
Total deposits $0.44 billion
      Interest-bearing deposits $0.35 billion
      Deposits held in domestic offices $0.44 billion
      % insured (estimated) 81.82%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.10 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.54 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
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 Stonehambank, A Co-operative Bank

Branches and Savings

Is Stonehambank, A Co-operative Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26559.

Why does Stonehambank, A 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 Stonehambank, A Co-operative Bank CD rates not competitive?

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

Is Stonehambank, A Co-operative Bank a commercial bank?

Yes

Where are Stonehambank, A Co-operative Bank locations?

See branch locations nearby.

Is Stonehambank, A Co-operative Bank open on Saturdays?

Is Stonehambank, A Co-operative Bank open on Sundays?

What time does Stonehambank, A Co-operative Bank open?

What time does Stonehambank, A Co-operative Bank close?

Are Stonehambank, A Co-operative Bank ATMs Open 24/7?

Do Stonehambank, A Co-operative Bank ATMs accept cash deposits?

Can Stonehambank, A Co-operative Bank customers use other ATMs?

Do Stonehambank, A Co-operative Bank branches have notaries?

Will Stonehambank, A Co-operative Bank notarize my document?

What address for Stonehambank, A Co-operative Bank should I put for incoming ACH transfers?

Will the Stonehambank, A Co-operative Bank branch print checks?

Do Stonehambank, A Co-operative Bank checks expire?

Does Stonehambank, A Co-operative Bank require US citizenship to open account?

Can Stonehambank, A Co-operative Bank close my account?

Does Stonehambank, A Co-operative Bank Report to credit bureaus?

Does Stonehambank, A Co-operative Bank Use Equifax?

What is Stonehambank, A Co-operative Bank's ACH Routing Number?

What is Stonehambank, A Co-operative Bank's SWIFT code?

Products

Does Stonehambank, A Co-operative Bank offer mortgages?

Compare mortgage rates here.

Does Stonehambank, A Co-operative Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Stonehambank, A Co-operative Bank offer personal loans?

Compare personal loan rates here.

Does Stonehambank, A Co-operative Bank offer student loans?

Will Stonehambank, A Co-operative Bank cash a check?

Will Stonehambank, A Co-operative Bank redeem a savings bond?

Does Stonehambank, A Co-operative Bank cash savings bonds?

Will Stonehambank, A Co-operative Bank cash money orders?

Can Stonehambank, A Co-operative Bank issue a money order?

Does Stonehambank, A Co-operative Bank do currency exchange?

Background on The Bank

Who owns Stonehambank, A Co-operative Bank?

How long has Stonehambank, A Co-operative Bank been around?

Can Stonehambank, A Co-operative Bank transfer to other banks?

Does Stonehambank, A Co-operative Bank have quick pay?

Does Stonehambank, A Co-operative Bank accept rolled coins?

Will Stonehambank, A Co-operative Bank accept loose change?

Where is Stonehambank, A Co-operative Bank headquarters?

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