Vitals
  • Total Assets
    1.3B 7.5 %
  • Total Deposits
    1.1B 7.2 %
  • Total Net Loans
    967.8M 5.6 %
  • Net Income
    8.9M 23.8 %
  • Book Value
    124.3M 6.1 %
  • Book Value x2
    248.6M 6.1 %
  • Book Value x3
    372.9M 6.1 %
ROAA

.716

ROAE

7.348

Efficiency Ratio

68.378

Net Interest Margin

3.296

Balance Sheet Highlights
Financial Highlights Florence Bank All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets 1,283,372 761,274
Total Net Loans 967,786 592,852
Total Deposits 1,074,713 596,855
Total Equity 124,287 82,059
Profitability
Net Income 8,862 4,648
Return on Average Assets .716 .538
Return on Average Equity 7.348 4.944
Net Interest Margin 3.296 3.143
Efficiency Ratio 68.378 77.098
Noninterest Income/Revenue 14.237 14.538
Balance Sheet Ratios
Loan-to-Deposit 90.051 95.714
Securities/Assets .171 .124
Total Equity/Total Assets .097 .108
Tangible Equity/Tangible Assets .097 .106
Capital Adequacy
Tier 1 Common Capital 128,493 80,540
Tier 1 Capital 128,493 80,580
Tier 2 Capital 5,135 5,839
Total Capital 133,628 86,408
Total Risk Weighted Assets 868,397 559,688
Leverage Ratio 10.11 10.827
Common Equity Tier 1 Capital Ratio 14.8 15.478
Tier 1 Capital Ratio 14.8 15.53
Total Capital Ratio 15.39 16.563

Timeline for Florence Bank

Florence Bancorp, Mhc

Florence Bancorp, Mhc became a new parent organization for Florence Bank.

View Profile Jan 06 2006

Florence Security Corporation

Florence Security Corporation became a new subsidiary organization for Florence Bank.

View Profile Jan 06 2006

Florence Savings Eagle Corporation

Florence Savings Eagle Corporation became a new subsidiary organization for Florence Bank.

View Profile Jan 06 2006

Bank Of Easthampton, A Co-Operative Bank

Acquisition: Florence Bank acquired a new subsidiary, Bank Of Easthampton, A Co-Operative Bank, 24 years

View Profile Sep 18 1999

Florence Bank

Florence Bank was established 151 years ago and is currently headquartered in Florence, MA.

Feb 14 1873
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Bank Of Easthampton, A Co-Operative Bank Seller 11,194 Acquisition Discontinued 9/18/1999
Relationships Role Relationship Start Relationship End
Florence Bancorp, Mhc Parent 1/6/2006
Florence Security Corporation Subsidary 6/30/2007
Florence Savings Eagle Corporation Subsidary 6/30/2007
Florence Security Corporation Subsidary 1/6/2006 6/29/2007
Florence Savings Eagle Corporation Subsidary 1/6/2006 6/29/2007
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