Commonwealth Co-operative Bank


Commonwealth Co-operative Bank is an FDIC insured institution headquartered at 1172 River St, Hyde Park, MA 02136.
It was founded in 1886 and has approximately $0 billion in assets. Customers can open an account at one of its 3 branches.

Deposit Rates - December 22, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29842
Date Established 1886
Assets $ 202.72 million
Loans $ 131.99 million
Deposits $ 129.46 million
Capital $ 25.57 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 6.89 million
Interest-bearing balances $ 5.45 million
Total securities $ 52.09 million
Federal funds sold and reverse repurchase $ 1.74 million
Net loans and leases $ 131.99 million
Loan loss allowance $ 0.78 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 $ 7.70 million
     Total Assets $ 177.16 million

LIABILITIES
Total deposits $ 129.46 million
      Interest-bearing deposits $ 106.61 million
      Deposits held in domestic offices $ 129.46 million
      % insured (estimated) 61.80%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 15.50 million
Subordinated debt N.A.
All other liabilities $ 5.47 millionn
      Total Liabilities $ 177.16 million
      Shareholders’ Equity $ 25.57 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 4.68 million
Total Interest Expense $ 2.16 million
Net interest income $ 2.52 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.11 million
Total non interest expense $ 2.32 million
Pre-tax Net Operating Income $ 0.90 million

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Branches

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Commonwealth Co-operative Bank Locations