Banks | Everett Co-operative Bank

Everett Co-operative Bank


Everett Co-operative Bank is an FDIC insured institution headquartered at 419 Broadway, Everett, MA 02149.
It was founded in 1890 and has approximately $1 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - February 28, 2025

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26444
Date Established 1890
Assets $ 1,357.55 million
Loans $ 1,115.64 million
Deposits $ 960.45 million
Capital $ 142.61 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 119.83 million
Interest-bearing balances $ 115.05 million
Total securities $ 81.40 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,115.64 million
Loan loss allowance $ 9.07 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 $ 24.29 million
     Total Assets $ 1,214.95 million

LIABILITIES
Total deposits $ 960.45 million
      Interest-bearing deposits $ 886.28 million
      Deposits held in domestic offices $ 960.45 million
      % insured (estimated) 64.50%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 30.48 million
Subordinated debt N.A.
All other liabilities $ 7.93 millionn
      Total Liabilities $ 1,214.95 million
      Shareholders’ Equity $ 142.61 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 49.23 million
Total Interest Expense $ 31.46 million
Net interest income $ 17.78 million
Provision for loan and lease losses $ 0.49 million
Total non interest income $ 0.94 million
Total non interest expense $ 15.02 million
Pre-tax Net Operating Income $ 3.60 million

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