Banks | Savers Co-operative Bank

Savers Co-operative Bank


Savers Co-operative Bank is an FDIC insured institution headquartered at 270 Main St, Southbridge, MA 01550.
It was founded in 1910 and has approximately $1 billion in assets. Customers can open an account at one of its 7 branches.

Deposit Rates - May 5, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26455
Date Established 1910
Assets $ 718.15 million
Loans $ 532.73 million
Deposits $ 528.68 million
Capital $ 72.83 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 14.07 million
Interest-bearing balances $ 10.51 million
Total securities $ 132.55 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 532.73 million
Loan loss allowance $ 5.02 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.26 million
All other assets $ 27.08 million
     Total Assets $ 645.32 million

LIABILITIES
Total deposits $ 528.68 million
      Interest-bearing deposits $ 446.03 million
      Deposits held in domestic offices $ 528.68 million
      % insured (estimated) 83.26%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 38.89 million
Subordinated debt N.A.
All other liabilities $ 5.75 millionn
      Total Liabilities $ 645.32 million
      Shareholders’ Equity $ 72.83 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 29.46 million
Total Interest Expense $ 10.88 million
Net interest income $ 18.58 million
Provision for loan and lease losses N.A.
Total non interest income $ 3.68 million
Total non interest expense $ 16.37 million
Pre-tax Net Operating Income $ 2.47 million

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