Fall River Five Cents Savings Bank

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Fall River Five Cents Savings Bank is an FDIC insured institution headquartered at 79 N Main St, Fall River, MA 02720.
It was founded in 1855 and has approximately $2 billion in assets. Customers can open an account at one of its 15 branches.

Deposit Rates - May 21, 2024

Loan Rates - May 21, 2024

HOME EQUITY RATES APR(%) MONTHLY PAYMENT
Line of Credit
7.50% Varies
5 Year Loan
7.25% $1,916.12
10 Year Loan
5.63% $1,104.19
15 Year Loan
5.88% $850.90
AUTO LOAN RATES APR(%) MONTHLY PAYMENT
3 Year
6.75% $769.07
4 Year
7.00% $598.66
5 Year
7.25% $497.98
6 Year
7.50% $432.25

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 23286
Date Established 1855
Assets $ 1,809.21 million
Loans $ 1,421.90 million
Deposits $ 1,313.92 million
Capital $ 119.53 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 51.10 million
Interest-bearing balances $ 44.25 million
Total securities $ 247.63 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,421.90 million
Loan loss allowance $ 8.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.84 million
All other assets $ 48.11 million
     Total Assets $ 1,689.68 million

LIABILITIES
Total deposits $ 1,313.92 million
      Interest-bearing deposits $ 1,062.54 million
      Deposits held in domestic offices $ 1,313.92 million
      % insured (estimated) 77.21%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 224.70 million
Subordinated debt N.A.
All other liabilities $ 17.30 millionn
      Total Liabilities $ 1,689.68 million
      Shareholders’ Equity $ 119.53 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 71.14 million
Total Interest Expense $ 31.73 million
Net interest income $ 39.41 million
Provision for loan and lease losses $ 0.22 million
Total non interest income $ 10.46 million
Total non interest expense $ 41.65 million
Pre-tax Net Operating Income $ 6.01 million

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Branches

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Fall River Five Cents Savings Bank Locations