Wakefield Co-operative Bank is an FDIC insured institution headquartered at
342 Main St, Wakefield, MA 01880.
It was founded in
1887 and has approximately $0 billion in
assets. Customers can open an account at one of its 2 branches.
1st Mortgages & Home Equity Loans (Credit Score Approvals Down to 500)
Cash Out and Debt Consolidation Experts
Self Employed Bank Statement Loan Programs
A+ BBB Rating and 4.9 Stars on Google
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Use your VA Loan benefits to get cash from your home equity
Get a personalized quote fast with instant uploads and 24/7 access
Over 300,000 verified 5-star reviews
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Overview 2025
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 26516
Date Established
1887
Assets
$ 313.41 million
Loans
$ 254.08 million
Deposits
$ 267.29 million
Capital
$ 18.97 million
Summary Balance Sheet as of September 30, 2024
ASSETS
Cash & Balances due from depository institutions
$ 9.83 million
Interest-bearing balances
$ 8.70 million
Total securities
$ 36.82 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 254.08 million
Loan loss allowance
$ 1.92 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 0.55 million
All other assets
$ 6.99 million
Total Assets
$ 294.44 million
LIABILITIES
Total deposits
$ 267.29 million
Interest-bearing deposits
$ 234.46 million
Deposits held in domestic offices
$ 267.29 million
% insured (estimated)
82.23%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
$ 4.95 million
Subordinated debt
N.A.
All other liabilities
$ 0.37 millionn
Total Liabilities
$ 294.44 million
Shareholders’ Equity
$ 18.97 million
Summary Income Statement as of September 30, 2024
INCOME AND EXPENSES
Total Interest Income
$ 9.96 million
Total Interest Expense
$ 5.89 million
Net interest income
$ 4.07 million
Provision for loan and lease losses
N.A.
Total non interest income
$ 0.49 million
Total non interest expense
$ 5.54 million
Pre-tax Net Operating Income
$ 0.45 million
Customer Reviews for Wakefield Co-operative Bank
There are currently no comments for Wakefield Co-operative Bank. Be the first to share your experience. Please provide comments that will help others.
Branches
Click on location and enter new zip number to change.
Your current location is: Seattle, WA
There are currently no comments for Wakefield Co-operative Bank. Be the first to share your experience. Please provide comments that will help others.