Winchester Co-operative Bank is committed to maintaining financial strength and stability through prudent and thoughtful management. Please contact a member of our team if you have any questions about this statement.
| Assets, Liabilities and Equity as of April 30, 2023 | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $4,898,774 | $2,869,639 |
| Fed overnight Investments | 33,541,406 | 208,316,066 |
| • Total cash and cash equivalents | 38,440,180 | 211,185,705 |
| Investment securities | ||
| • Held to maturity, at amortized cost | 140,667,227 | 108,386,074 |
| Loans receivable, net | 554,478,151 | 470,205,193 |
| Cash surrender value of bank-owned life insurance | 10,235,262 | n/a |
| Accrued interest receivable | 2,370,299 | 1,551,498 |
| Premises and equipment | 4,022,918 | 4,311,843 |
| Federal Home Loan Bank Stock | 514,500 | 514,500 |
| Deferred income tax asset | 299,065 | 251,790 |
| Prepaid federal and state income taxes | 385,000 | 103,400 |
| Prepaid expenses and other assets | 683,064 | 504,032 |
| $752,095,666 | $797,014,035 | |
| Liabilities and Equity | ||
| Liabilities: | ||
| • Deposits | $645,997,827 | $ 696,426,270 |
| • Mortgagors' escrow accounts | 466,228 | 78,444 |
| • Accrued expenses and other liabilities | 1,604,918 | 1,294,697 |
| • Borrowings | 2,500,000 | 2,500,000 |
| 650,568,973 | 700,299,411 | |
| Equity: | ||
| • Retained earnings | 101,526,693 | 96,714,624 |
| $ 752,095,666 | $797,014,024 | |
Find out how Winchester Co-operative Bank can help you bank your way.
Call (781) 729-3620
19 Church Street
Winchester, MA 01890
(781) 729-3620
Routing # 211371573
Member FDIC
Member DIF
NMLS# 466036
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