Everett Co-Operative Bank
Everett Co-Operative Bank is an FDIC-insured savings bank headquartered in Everett, MA, supervised by the FDIC, with $1.69B in total assets at Q3 2026, up 9.1% from Q3 2025, the 31st largest of 89 banks headquartered in Massachusetts. It was established in 1890 and holds FDIC certificate 26444. Its CET1 capital ratio was 13.57% at Q3 2026, comfortably above the 7% level required once the capital conservation buffer is included.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 26444
- Headquarters
- Everett, MA
- Established
- 1890
- Total assets, Q3 2026
- $1.69B
- Assets vs Q3 2025
- +9.1%
- CET1 ratio, Q3 2026
- 13.57%
- Domestic offices
- 3 branches
- Routing number
- 211370273
- Safety and soundness
- Is Everett Co-Operative Bank safe?
- Latest call report
- Q3 2026, FFIEC 041 · Everett Co-Operative Bank call report
- Holding company
- ECB BANCORP INC
- Asset rank in state
- 31st of 89 in Massachusetts
Everett Co-Operative Bank, based in Everett, Massachusetts, reported $1.7 billion in assets at September 30, 2026, up 9.1% from a year earlier. It keeps 2.58 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 887 banks with $1 billion to $10 billion in assets (median 3.80 cents). It also pays an average of 3.31% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 2.05%).
Earnings jumped: net income for the quarter was $3.3 million, 39% above the same quarter a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 4.8 times its capital, about double the median of 2.3 times for banks its size.
As of September 30, 2026, Everett Co-Operative Bank reported a CET1 capital ratio of 13.57%, a return on assets of 0.79%, a nonperforming-loan ratio of 0.09% and a Texas ratio of 0.76%. The figures come from its call report filed with the FFIEC.
By total assets at Q3 2026, Everett Co-Operative Bank is the 31st largest of the 89 banks headquartered in Massachusetts. Quarter on quarter (Q2 2026 to Q3 2026), its total assets rose 1.3% to $1.69B, loans rose 4.0% and deposits rose 1.5%. The largest part of its loan book on September 30, 2026 was 1-4 family residential loans, at 38.0% of total loans, ahead of multifamily loans at 29.6%. Its 3 offices in the FDIC Summary of Deposits are in Everett, MA, Lynnfield, MA and Woburn, MA; its Everett office books 64% of its branch deposits. By the capital ratios in its Q3 2026 call report, Everett Co-Operative Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 419 Broadway, Everett, MA 02149
- County
- Middlesex
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- 1890
- Domestic offices
- 3 branches
- Employees (FTE)
- 69
- Domestic deposits
- $1.22B
- Allowance for credit losses
- $10.3M
- Net charge-offs (YTD)
- $4K
- Average total assets
- $1.69B
- Average total loans
- $1.43B
- Average interest-bearing deposits
- $1.09B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 26, 1985
- FDIC Cert
- 26444
- Fed RSSD
- 952172
- SEC CIK
- 1914605 → filed by ECB BANCORP INC
- Website
- www.everettbank.com →
- Parent Holding Company
- ECB BANCORP INC (RSSD 5723621) · ECBK
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Richard J O'Neil Jr | CEO | President and CEO |
| Brandon Lavertu | CFO | CFO |
| John A Citrano | COO | EVP and COO |
Profitability
Q3 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
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Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. How we compute these figures
Quarterly trends
Everett Co-Operative Bank's total assets moved between a low of $1.28B (Q4 2023) and a high of $1.69B (Q3 2026) from Q4 2023 to Q3 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$1.69B total assets against $1.55B; $1.53B total liabilities against $1.40B.
$1.45B net loans and leases against $1.31B; $1.22B total deposits against $1.12B.
$92.1M securities against $89.5M; $98.3M cash and balances due against $110.6M.
$23.1M total interest income against $20.4M; $12.4M total interest expense against $12.1M.
$10.7M net interest income against $8.3M.
$295K total noninterest income against $355K; $6.2M total noninterest expense against $5.3M.
$205K provision for credit losses against $183K.
$3.3M net income against $2.4M.
0.79% return on assets against 0.62%; 2.58% net interest margin against 2.21%.
13.57% CET1 capital ratio against 13.71%; 9.82% tier 1 leverage ratio against 9.85%.
Inside the full Everett Co-Operative Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Everett Co-Operative Bank rankings
Its closest position to the top of a national ranking is 675 of 4,193, for total assets; its furthest is 2,899 of 3,627, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q3 2026, its return on assets ran from 0.35% (Q1 2025) to 0.79% (Q3 2026) and its net interest margin ran from 1.87% (Q1 2025) to 2.58% (Q3 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 13.57% | 0.79% | 0.09% | 0.76% | 2.58% |
| Q2 2026 | 13.94% | 0.78% | 0.10% | 0.84% | 2.45% |
| Q1 2026 | 13.60% | 0.77% | 0.09% | 0.73% | 2.46% |
| Q4 2025 | 13.34% | 0.65% | 0.08% | 0.69% | 2.34% |
| Q3 2025 | 13.71% | 0.62% | 0.09% | 0.72% | 2.21% |
| Q2 2025 | 13.70% | 0.38% | 0.10% | 0.82% | 2.07% |
| Q1 2025 | 15.25% | 0.35% | 0.11% | 0.81% | 1.87% |
| Q4 2024 | 15.56% | 0.40% | 0.17% | 1.27% | 1.95% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Everett Co-Operative Bank (main office) | Everett , MA | 02149 | $771.6M |
| Lynnfield Branch | Lynnfield , MA | 01940 | $279.4M |
| Woburn Branch | Woburn , MA | 01801 | $152.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MA, rank 45 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 241 applications, 200 loans originated, $281.6M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $197K approved, $66K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2019 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Everett Co-Operative Bank
What are Everett Co-Operative Bank's total assets?
As of the Q3 2026 filing, Everett Co-Operative Bank reported total assets of $1.69 billion in its FFIEC call report.
Where is Everett Co-Operative Bank headquartered?
It is headquartered in Everett, MA, United States.
When was Everett Co-Operative Bank founded?
It was established in 1890, per the FDIC institution directory.
Is Everett Co-Operative Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #26444). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Everett Co-Operative Bank?
Everett Co-Operative Bank's primary federal regulator is the FDIC.
What is Everett Co-Operative Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.57% in its Q3 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Everett Co-Operative Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Everett Co-Operative Bank's Texas Ratio?
Its Texas Ratio is 0.76% in its Q3 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures nonperforming assets against the bank's capital and reserves.
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