Norwood Co-operative Bank

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Deposit Rates - September 21, 2021

SAVINGS RATES APY MIN MAX
Savings
0.10% $2,500 $4,999 Compare
CD RATES APY MIN MAX
6 Mo CD
0.35% $10,000 $14,999 Compare
6 Mo CD
0.35% $100,000 $199,999 Compare
Special: 7 Mo CD
0.65% $2,500 - Compare
12 Mo CD
0.50% $10,000 $14,999 Compare
12 Mo CD
0.50% $100,000 $199,999 Compare
Special: 17 Mo CD
0.75% $1,000 - Compare
18 Mo CD
0.50% $10,000 $14,999 Compare
18 Mo CD
0.50% $100,000 $199,999 Compare
24 Mo CD
0.50% $10,000 $14,999 Compare
24 Mo CD
0.50% $100,000 $199,999 Compare
30 Mo CD
0.50% $10,000 $14,999 Compare
30 Mo CD
0.50% $100,000 $199,999 Compare
36 Mo CD
0.50% $10,000 $14,999 Compare
36 Mo CD
0.50% $100,000 $199,999 Compare
48 Mo CD
0.50% $10,000 $14,999 Compare
48 Mo CD
0.50% $100,000 $199,999 Compare
60 Mo CD
0.65% $10,000 $14,999 Compare
60 Mo CD
0.65% $100,000 $199,999 Compare
MM RATES APY MIN MAX
Money Market
0.25% $2,500 $2,999 Compare
Money Market
0.50% $10,000 $14,999 Compare
Money Market
0.50% $25,000 $29,999 Compare
INT CHECKING RATES APY MIN MAX
Int Ckg
0.05% $1 $99
Int Ckg
0.05% $2,500 $3,499

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26555
Date Established 1889
Assets $ 677.42 million
Loans $ 486.61 million
Deposits $ 560.13 million
Capital $ 87.01 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 114.72 million
Interest-bearing balances $ 112.59 million
Total securities $ 48.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 486.61 million
Loan loss allowance $ 5.26 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.85 million
All other assets $ 22.31 million
     Total Assets $ 590.41 million

LIABILITIES
Total deposits $ 560.13 million
      Interest-bearing deposits $ 480.31 million
      Deposits held in domestic offices $ 560.13 million
      % insured (estimated) 72.66%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 19.14 million
Subordinated debt N.A.
All other liabilities $ 11.14 millionn
      Total Liabilities $ 590.41 million
      Shareholders’ Equity $ 87.01 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 5.81 million
Total Interest Expense $ 0.80 million
Net interest income $ 5.01 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.80 million
Total non interest expense $ 3.18 million
Pre-tax Net Operating Income $ 2.61 million

Norwood Co-operative Bank is an FDIC insured institution headquartered at 11 Central Street, Norwood, MA 2062.
It was founded in 1889 and has approximately $1 billion in assets. Customers can open an account at one of its 1 branches.


*Should any logos, images or public notes appear on this page,they do so courtesy of Norwood Co-operative Bank and are not subject to approval of RatesAndInfo.com. RatesAndInfo.com expressly disclaims all responsibility for this content.

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