Banks | Wakefield Co-operative Bank

Wakefield Co-operative Bank


Wakefield Co-operative Bank is an FDIC insured institution headquartered at 342 Main St, Wakefield, MA 01880.
It was founded in 1887 and has approximately $0 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - March 31, 2025

SAVINGS RATES APY MIN
SAV
0.02% $0 Compare
SAV
0.05% $10 Compare
CD RATES APY MIN
6 Mo CD
0.20% $500 Compare
9 Mo CD
0.25% $500 Compare
12 Mo CD
0.02% $500 Compare
14 Mo CD
0.25% $500 Compare
18 Mo CD
0.25% $500 Compare
24 Mo CD
0.25% $500 Compare
30 Mo CD
0.25% $500 Compare
36 Mo CD
1.75% $500 Compare
48 Mo CD
2.00% $500 Compare
60 Mo CD
2.15% $500 Compare
MM RATES APY MIN
Money Market
0.25% $100 Compare
Money Market
1.00% $100,000 Compare
Money Market
1.50% $250,000 Compare
Money Market
2.25% $750,000 Compare
Money Market
3.25% $1,000,000 Compare
INT CHECKING RATES APY MIN
INTCK
3.90% $100
INTCK
0.25% $25,000

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26516
Date Established 1887
Assets $ 313.41 million
Loans $ 254.08 million
Deposits $ 267.29 million
Capital $ 18.97 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 9.83 million
Interest-bearing balances $ 8.70 million
Total securities $ 36.82 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 254.08 million
Loan loss allowance $ 1.92 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.55 million
All other assets $ 6.99 million
     Total Assets $ 294.44 million

LIABILITIES
Total deposits $ 267.29 million
      Interest-bearing deposits $ 234.46 million
      Deposits held in domestic offices $ 267.29 million
      % insured (estimated)" 82.23%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.95 million
Subordinated debt N.A.
All other liabilities $ 0.37 millionn
      Total Liabilities $ 294.44 million
      Shareholders’ Equity $ 18.97 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 9.96 million
Total Interest Expense $ 5.89 million
Net interest income $ 4.07 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.49 million
Total non interest expense $ 5.54 million
Pre-tax Net Operating Income $ 0.45 million

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Wakefield Co-operative Bank Locations

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