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Reading Co-operative Bank


Reading Co-operative Bank is an FDIC insured institution headquartered at 180 Haven St, Reading, MA 01867.
It was founded in 1886 and has approximately $1 billion in assets. Customers can open an account at one of its 9 branches.

Deposit Rates - April 21, 2025

SAVINGS RATES APY MIN
SAV
0.01% $10 Compare
CD RATES APY MIN
6 Mo CD
4.75% $500 Compare
8 Mo CD
4.00% $500 Compare
9 Mo CD
3.25% $500 Compare
12 Mo CD
3.00% $500 Compare
15 Mo CD
0.15% $500 Compare
24 Mo CD
3.00% $500 Compare
36 Mo CD
0.30% $500 Compare
48 Mo CD
0.35% $500 Compare
60 Mo CD
0.40% $500 Compare
MM RATES APY MIN
Money Market
0.05% $1 Compare
Money Market
0.10% $100,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.01% $2,500

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26620
Date Established 1886
Assets $ 930.50 million
Loans $ 729.51 million
Deposits $ 692.31 million
Capital $ 53.28 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 7.92 million
Interest-bearing balances $ 0.39 million
Total securities $ 139.74 million
Federal funds sold and reverse repurchase $ 0.95 million
Net loans and leases $ 729.51 million
Loan loss allowance $ 4.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.19 million
All other assets $ 29.32 million
     Total Assets $ 877.22 million

LIABILITIES
Total deposits $ 692.31 million
      Interest-bearing deposits $ 536.15 million
      Deposits held in domestic offices $ 692.31 million
      % insured (estimated)" 69.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.50 million
Subordinated debt N.A.
All other liabilities $ 8.26 millionn
      Total Liabilities $ 877.22 million
      Shareholders’ Equity $ 53.28 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 43.95 million
Total Interest Expense $ 21.64 million
Net interest income $ 22.31 million
Provision for loan and lease losses $ 0.62 million
Total non interest income $ 2.33 million
Total non interest expense $ 21.41 million
Pre-tax Net Operating Income $ 4.83 million

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