Banks | Methuen Co-operative Bank

Methuen Co-operative Bank


Methuen Co-operative Bank is an FDIC insured institution headquartered at 243 Broadway, Methuen, MA 01844.
It was founded in 1923 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - April 02, 2025

SAVINGS RATES APY MIN
SAV
0.10% $10 Compare
CD RATES APY MIN
6 Mo CD
4.00% $1,000 Compare
12 Mo CD
3.50% $1,000 Compare
18 Mo CD
3.00% $1,000 Compare
24 Mo CD
2.75% $1,000 Compare
36 Mo CD
2.25% $1,000 Compare
48 Mo CD
2.00% $1,000 Compare
MM RATES APY MIN
Money Market
0.30% $25,000 Compare
Money Market
0.80% $1,000,000 Compare
INT CHECKING RATES APY MIN
INTCK
0.05% $10

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26512
Date Established 1923
Assets $ 141.81 million
Loans $ 101.46 million
Deposits $ 129.18 million
Capital $ 12.38 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 14.43 million
Interest-bearing balances $ 13.99 million
Total securities $ 14.89 million
Federal funds sold and reverse repurchase $ 8.75 million
Net loans and leases $ 101.46 million
Loan loss allowance $ 0.46 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 $ 0.87 million
     Total Assets $ 129.43 million

LIABILITIES
Total deposits $ 129.18 million
      Interest-bearing deposits $ 109.22 million
      Deposits held in domestic offices $ 129.18 million
      % insured (estimated)" 80.53%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.13 millionn
      Total Liabilities $ 129.43 million
      Shareholders’ Equity $ 12.38 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 4.45 million
Total Interest Expense $ 1.75 million
Net interest income $ 2.71 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.12 million
Total non interest expense $ 2.59 million
Pre-tax Net Operating Income $ 0.37 million

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