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 Florence Bank
Florence Bank
| RSSD ID 279105 | CERTIFICATE 23293 | ABA NUMBER 211871688 |
| 85 Main St |
Quarter Ended : |
2025-03-31 |
| Florence, Massachusetts, 1062 |
Updated : |
2025-04-24 |
| www.florencebank.com |
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| Institution Profile |
| Year Opened : |
1873 |
Institution Type : |
Stock and Mutual Savings bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
All Other Over 1 Billion |
| Number of Offices : |
13 |
Number of Employees : |
214 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 1,969,537 |
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Total Interest Income | 18,121 |
| Total Liabilities | 1,775,271 |
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Total NonInterest Income | 1,783 |
| Total Bank Equity Capital | 194,266 |
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Total Interest Expense | 6,409 |
| Total Deposits | 1,707,941 |
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Total NonInterest Expense | 10,026 |
| Net Loans & Leases | 1,181,242 |
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Net Income | 2,652 |
| Loan Loss Allowance | 7,083 |
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Net Charge Offs | 21 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 1,188,023 |
| Total assets for the leverage ratio | 1,984,816 |
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Loans secured by real estate: | 1,153,331 |
| Tier 1 Leverage Ratio | 11.69 |
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Commercial and industrial loans | 34,380 |
| Off Balance Sheet Exposures (%) | 10.09 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 145 |
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:· Florence Bank
