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This institution is no longer active

Operations ceased on May 1, 2025. CRA examination history below reflects the period it was active.

WAKEFIELD CO-OPERATIVE BANK

WAKEFIELD, MA · Supervised by FDIC

Est. 1887FDIC #26,516RSSD: FDIC-26516
Satisfactory Same

Current rating · Exam: January 2022

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -0.34%

Institution Profile

FDIC BankFind

Address

342 Main St, WAKEFIELD, MA

County

Middlesex County

Established

January 1, 1887

Total Assets

$306M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

January 1, 2022

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
Estimated next exam:Jan 2027(based on asset size)

Financial Snapshot

As of Q1 2025Call Report / FDIC

Total Assets

$306M

Total Deposits

$261M

Net Loans

$251M

Net Income

$-261K

ROA

-0.34%

ROE

-5.75%

Risk-Based Capital

12.95%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate9.68%Peer avg: 7.63%▼ Below avg

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Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20243170.97%9.68%
20239062.22%23.33%
202219777.16%7.11%
202123978.24%9.21%
202028473.94%6.69%
201920182.09%6.97%
201813476.12%10.45%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

7 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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