Vitals
  • Total Assets
    795.7M 7.0 %
  • Total Deposits
    633.6M 9.6 %
  • Total Net Loans
    624.4M 12.5 %
  • Net Income
    6.3M 67.5 %
  • Book Value
    100.4M 3.4 %
  • Book Value x2
    200.9M 3.4 %
  • Book Value x3
    301.3M 3.4 %
ROAA

.841

ROAE

6.282

Efficiency Ratio

67.737

Net Interest Margin

3.711

Balance Sheet Highlights
Financial Highlights The Provident Bank All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets 795,698 761,274
Total Net Loans 624,425 592,852
Total Deposits 633,641 596,855
Total Equity 100,426 82,059
Profitability
Net Income 6,325 4,648
Return on Average Assets .841 .538
Return on Average Equity 6.282 4.944
Net Interest Margin 3.711 3.143
Efficiency Ratio 67.737 77.098
Noninterest Income/Revenue 12.909 14.538
Balance Sheet Ratios
Loan-to-Deposit 98.546 95.714
Securities/Assets .148 .124
Total Equity/Total Assets .126 .108
Tangible Equity/Tangible Assets .126 .106
Capital Adequacy
Tier 1 Common Capital 97,750 80,540
Tier 1 Capital 97,750 80,580
Tier 2 Capital 9,981 5,839
Total Capital 107,731 86,408
Total Risk Weighted Assets 678,404 559,688
Leverage Ratio 12.59 10.827
Common Equity Tier 1 Capital Ratio 14.41 15.478
Tier 1 Capital Ratio 14.41 15.53
Total Capital Ratio 15.88 16.563

Timeline for The Provident Bank

Provident Bancorp, Inc.

Provident Bancorp, Inc. became a new parent organization for The Provident Bank.

View Profile Sep 13 2011

Solari/Market Square Corp.

Solari/Market Square Corp. became a new subsidiary organization for The Provident Bank.

View Profile Jun 01 2003

Amesbury Co-Operative Bank

Acquisition: The Provident Bank acquired a new subsidiary, Amesbury Co-Operative Bank, 23 years

View Profile Mar 01 2001

Provident Bancorp

Provident Bancorp became a new parent organization for The Provident Bank.

View Profile Jan 14 2000

Provident Security Corporation

Provident Security Corporation became a new subsidiary organization for The Provident Bank.

View Profile Jan 14 2000

Want to see more?

Complete timeline for The Provident Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Amesbury Co-Operative Bank Seller 21,042 Acquisition Discontinued 3/1/2001
Relationships Role Relationship Start Relationship End
Provident Bancorp, Inc. Parent 9/13/2011
Provident Bancorp Parent 1/14/2000 9/12/2011
Provident Security Corporation Subsidary 6/30/2007
5 Market Street Security Corporation Subsidary 6/30/2007
Provident Security Corporation Subsidary 1/14/2000 6/29/2007
5 Market Street Security Corporation Subsidary 5/22/1997 6/29/2007
Solari/Market Square Corp. Subsidary 6/1/2003 10/1/2005
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