Wakefield Co-operative Bank
Wakefield, MA
IDRSSD: 330873
Total Assets
$305.78M
Latest filing
Total Deposits
$261.02M
Latest filing
Net Interest Margin
1.89%
Profitability
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 | State chartered stock savings banks / S&L |
| Primary Regulator | FDIC |
| Established Date | 01/01/1887 |
| Community Bank | Yes |
| Ownership Type | Mutual |
| ZIP | 01880 |
| State and County Number | 25017 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 01 |
| Numeric code | 42 |
| Insured by FDIC | Institution closed or not insured by FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | Boston-Cambridge-Newton, MA-NH |
Operational Info
| Number of Employees | 30 |
| Domestic Offices | 3 |
| 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 | 01/22/1986 |
| Primary Insurance Agency | DIF |
| Website | N/A |
| Data Updated | 11/28/2025 |
| CERT | 26516 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $305.78M |
| Total Deposits | $261.02M |
| Total Liabilities | $287.71M |
| Total Equity Capital | $18.07M |
| Net Income | $-261,000 |
| Net Loans and Leases | $250.64M |
| Assets Per Employee ($Millions) | $10.19M |
| Bank Premises and Fixed Assets | $3.01M |
| Cash and Balances due from Depository Institutions | $7.40M |
| Deposits Held in Domestic Offices | $261.02M |
Key Performance Ratios
| Return on Assets (ROA) | -0.34% |
| Return on Equity (ROE) | -5.75% |
| Net Interest Margin | 1.89% |
| Efficiency Ratio | 124.09% |
| Tier 1 Risk-Based Capital Ratio | 11.848% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.01% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 5.909% |
| Earning Assets to total Assets | 95.27% |
Income and Expense
| Total Interest Income | $3.17M |
| Total Noninterest Income | $136.00k |
| Total Interest Expense | $1.80M |
| Total Noninterest Expense | $1.87M |
| Net Interest Income | $1.37M |
| Pre-tax Net Operating Income | $-356,000 |
| Provision for Credit Losses | $-7,000 |
| 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 | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.69M |
| Total Liabilities and Capital | $305.78M |
Securities
| Securities | $34.94M |
| Available-for-sale debt securities | $23.29M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $11.65M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Wakefield Co-operative Bank?
$305.78M as of the latest filing.
How much are Wakefield Co-operative Bank's total deposits?
$261.02M in total deposits.
Where is Wakefield Co-operative Bank located?
Wakefield, MA.
What is the Net Interest Margin?
1.89%.
How many domestic offices does it operate?
3.
When was it established?
01/01/1887.
What is the Return on Assets (ROA)?
-0.34%.
How much are total loans and leases?
$250.64M (latest filing).
What is the total interest income (latest filing)?
$3.17M.