Reading Co-operative Bank
Reading, MA
IDRSSD: 1008674
Total Assets
$1.24B
Latest filing
Total Deposits
$1.11B
Latest filing
Net Interest Margin
3.22%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
211372404READING, MA
Key People
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Locations
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Main Office
Reading Co-operative Bank
180 Haven St
Reading, MA 01867
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1886FDIC Certificate 35344
Branches (12)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| Reading Co-operative Bank (Main) | 180 Haven St | Reading, MA |
| NAHANT BRANCH | 28 Nahant Rd | Nahant, MA |
| LYNNFIELD BRANCH | 596 Main St | Lynnfield, MA |
| WILMINGTON BRANCH | 352 Middlesex Ave | Wilmington, MA |
| LYNN BRANCH | 400 Broadway | Lynn, MA |
| WAKEFIELD BRANCH | 342 Main St | Wakefield, MA |
| NORTH READING BRANCH | 170 Park St | North Reading, MA |
| READING MEMORIAL HIGH SCHOOL BRANCH | 62 Oakland Rd | Reading, MA |
Showing 7 of 12
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 01/01/1886 |
| Community Bank | Yes |
| Ownership Type | Mutual |
| ZIP | 01867 |
| State and County Number | 25017 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 01 |
| Numeric code | 15 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | Boston-Cambridge-Newton, MA-NH |
Operational Info
| Number of Employees | 112 |
| Domestic Offices | 13 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 05/01/2025 |
| Date of Deposit Insurance | 03/27/1986 |
| Primary Insurance Agency | DIF |
| Website | www.readingcoop.com |
| Data Updated | 01/30/2026 |
| CERT | 26620 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $1.24B |
| Total Deposits | $1.11B |
| Total Liabilities | $1.17B |
| Total Equity Capital | $74.26M |
| Net Income | $1.39M |
| Net Loans and Leases | $935.00M |
| Assets Per Employee ($Millions) | $10.62M |
| Bank Premises and Fixed Assets | $11.95M |
| Cash and Balances due from Depository Institutions | $10.91M |
| Deposits Held in Domestic Offices | $1.11B |
Key Performance Ratios
| Return on Assets (ROA) | 0.46% |
| Return on Equity (ROE) | 7.61% |
| Net Interest Margin | 3.22% |
| Efficiency Ratio | 84.34% |
| Tier 1 Risk-Based Capital Ratio | 10.43% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.06% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 5.975% |
| Earning Assets to total Assets | 92.89% |
Income and Expense
| Total Interest Income | $15.33M |
| Total Noninterest Income | $655.00k |
| Total Interest Expense | $6.20M |
| Total Noninterest Expense | $8.26M |
| Net Interest Income | $9.14M |
| Pre-tax Net Operating Income | $1.73M |
| Provision for Credit Losses | $-197,000 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $25.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $78.39M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $29.44M |
| Total Liabilities and Capital | $1.24B |
Securities
| Securities | $139.54M |
| Available-for-sale debt securities | $139.54M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Reading Co-operative Bank?
$1.24B as of the latest filing.
How much are Reading Co-operative Bank's total deposits?
$1.11B in total deposits.
Where is Reading Co-operative Bank located?
Reading, MA.
What is the Net Interest Margin?
3.22%.
How many domestic offices does it operate?
13.
When was it established?
01/01/1886.
What is the Return on Assets (ROA)?
0.46%.
How much are total loans and leases?
$935.00M (latest filing).
What is the total interest income (latest filing)?
$15.33M.