StonehamBank, A Co-operative Bank


StonehamBank, A Co-operative Bank is an FDIC insured institution headquartered at 80 Montvale Ave, Stoneham, MA 02180.
It was founded in 1887 and has approximately $1 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - April 28, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26559
Date Established 1887
Assets $ 772.64 million
Loans $ 643.30 million
Deposits $ 605.61 million
Capital $ 58.89 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 11.43 million
Interest-bearing balances $ 9.88 million
Total securities $ 94.18 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 643.30 million
Loan loss allowance $ 8.56 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.43 million
All other assets $ 13.44 million
     Total Assets $ 713.76 million

LIABILITIES
Total deposits $ 605.61 million
      Interest-bearing deposits $ 512.32 million
      Deposits held in domestic offices $ 605.61 million
      % insured (estimated) 80.19%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 79.12 million
Subordinated debt N.A.
All other liabilities $ 2.33 millionn
      Total Liabilities $ 713.76 million
      Shareholders’ Equity $ 58.89 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 30.88 million
Total Interest Expense $ 12.16 million
Net interest income $ 18.72 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 2.53 million
Total non interest expense $ 18.34 million
Pre-tax Net Operating Income $ 1.99 million

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Branches

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