StonehamBank, A Co-operative Bank is an FDIC insured institution headquartered at
80 Montvale Ave, Stoneham, MA 02180.
It was founded in
1887 and has approximately $1 billion in
assets. Customers can open an account at one of its 2 branches.
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taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 26559
Date Established
1887
Assets
$ 822.29 million
Loans
$ 662.16 million
Deposits
$ 660.73 million
Capital
$ 60.29 million
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 43.91 million
Interest-bearing balances
$ 42.33 million
Total securities
$ 91.37 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 662.16 million
Loan loss allowance
$ 6.74 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 0.40 million
All other assets
$ 13.44 million
Total Assets
$ 762.00 million
LIABILITIES
Total deposits
$ 660.73 million
Interest-bearing deposits
$ 565.79 million
Deposits held in domestic offices
$ 660.73 million
% insured (estimated)
80.70%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
$ 79.12 million
Subordinated debt
N.A.
All other liabilities
$ 2.33 millionn
Total Liabilities
$ 762.00 million
Shareholders’ Equity
$ 60.29 million
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 17.41 million
Total Interest Expense
$ 9.01 million
Net interest income
$ 8.41 million
Provision for loan and lease losses
$ 0.12 million
Total non interest income
$ 2.43 million
Total non interest expense
$ 9.65 million
Pre-tax Net Operating Income
$ 1.99 million
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