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 - December 22, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26512
Date Established 1923
Assets $ 139.00 million
Loans $ 104.07 million
Deposits $ 124.46 million
Capital $ 12.26 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 14.89 million
Interest-bearing balances $ 14.50 million
Total securities $ 14.87 million
Federal funds sold and reverse repurchase $ 2.71 million
Net loans and leases $ 104.07 million
Loan loss allowance $ 0.49 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 $ 126.74 million

LIABILITIES
Total deposits $ 124.46 million
      Interest-bearing deposits $ 106.85 million
      Deposits held in domestic offices $ 124.46 million
      % insured (estimated) 82.11%
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 $ 126.74 million
      Shareholders’ Equity $ 12.26 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 2.89 million
Total Interest Expense $ 1.13 million
Net interest income $ 1.76 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.08 million
Total non interest expense $ 1.73 million
Pre-tax Net Operating Income $ 0.37 million

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Methuen Co-operative Bank Locations