Walpole Co-operative Bank


Walpole Co-operative Bank is an FDIC insured institution headquartered at 982 Main St, Walpole, MA 02081.
It was founded in 1912 and has approximately $1 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - April 25, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26487
Date Established 1912
Assets $ 576.80 million
Loans $ 474.58 million
Deposits $ 437.20 million
Capital $ 110.26 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 20.05 million
Interest-bearing balances $ 18.40 million
Total securities $ 68.06 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 474.58 million
Loan loss allowance $ 6.87 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 6.19 million
     Total Assets $ 466.53 million

LIABILITIES
Total deposits $ 437.20 million
      Interest-bearing deposits $ 394.14 million
      Deposits held in domestic offices $ 437.20 million
      % insured (estimated) 78.30%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.59 million
Subordinated debt N.A.
All other liabilities $ 2.46 millionn
      Total Liabilities $ 466.53 million
      Shareholders’ Equity $ 110.26 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 25.00 million
Total Interest Expense $ 10.42 million
Net interest income $ 14.58 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.26 million
Total non interest expense $ 12.40 million
Pre-tax Net Operating Income $ 3.56 million

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Branches

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Walpole Co-operative Bank Locations