Everett Co-operative Bank


Everett Co-operative Bank is an FDIC insured institution headquartered at 419 Broadway, Everett, MA 02149.
It was founded in 1890 and has approximately $1 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - April 27, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26444
Date Established 1890
Assets $ 1,279.62 million
Loans $ 1,039.79 million
Deposits $ 886.07 million
Capital $ 139.80 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 119.04 million
Interest-bearing balances $ 115.25 million
Total securities $ 81.98 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,039.79 million
Loan loss allowance $ 8.59 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 $ 24.29 million
     Total Assets $ 1,139.82 million

LIABILITIES
Total deposits $ 886.07 million
      Interest-bearing deposits $ 807.58 million
      Deposits held in domestic offices $ 886.07 million
      % insured (estimated) 69.71%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 30.48 million
Subordinated debt N.A.
All other liabilities $ 7.93 millionn
      Total Liabilities $ 1,139.82 million
      Shareholders’ Equity $ 139.80 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 54.78 million
Total Interest Expense $ 30.67 million
Net interest income $ 24.10 million
Provision for loan and lease losses $ 0.80 million
Total non interest income $ 1.09 million
Total non interest expense $ 18.78 million
Pre-tax Net Operating Income $ 3.60 million

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Branches

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Everett Co-operative Bank Locations