Fall River Five Cents Savings Bank

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Fall River Five Cents Savings Bank is an FDIC insured institution headquartered at 79 N Main St, Fall River, MA 02720.
It was founded in 1855 and has approximately $2 billion in assets. Customers can open an account at one of its 15 branches.

Deposit Rates - December 3, 2024

Loan Rates - December 3, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 23286
Date Established 1855
Assets $ 1,859.94 million
Loans $ 1,444.20 million
Deposits $ 1,314.84 million
Capital $ 123.51 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 54.70 million
Interest-bearing balances $ 42.58 million
Total securities $ 255.98 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,444.20 million
Loan loss allowance $ 8.61 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.41 million
All other assets $ 48.11 million
     Total Assets $ 1,736.43 million

LIABILITIES
Total deposits $ 1,314.84 million
      Interest-bearing deposits $ 1,077.03 million
      Deposits held in domestic offices $ 1,314.84 million
      % insured (estimated) 73.65%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 224.70 million
Subordinated debt N.A.
All other liabilities $ 17.30 millionn
      Total Liabilities $ 1,736.43 million
      Shareholders’ Equity $ 123.51 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 39.99 million
Total Interest Expense $ 21.98 million
Net interest income $ 18.00 million
Provision for loan and lease losses $ 0.04 million
Total non interest income $ 6.85 million
Total non interest expense $ 20.30 million
Pre-tax Net Operating Income $ 6.01 million

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Branches

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Fall River Five Cents Savings Bank Locations