Florence Bank
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Data as of · sourced from FFIEC call reports. How we update
Florence Bank is an FDIC-insured savings bank headquartered in Florence, MA, established in 1873 (FDIC certificate 23293), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.01B, up 3.8% from Q2 2025, the 26th largest of 89 banks headquartered in Massachusetts. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.23% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 23293
- Headquarters
- Florence, MA
- Established
- 1873
- Total assets, Q2 2026
- $2.01B
- Assets vs Q2 2025
- +3.8%
- Tier 1 leverage ratio, Q2 2026
- 12.23%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 211871688
- Latest call report
- Q2 2026, FFIEC 041 · Florence Bank call report
- Holding company
- FLORENCE BANCORP, MHC
- Asset rank in state
- 26th of 89 in Massachusetts
Florence Bank, based in Florence, Massachusetts, reported $2.0 billion in assets at June 30, 2026, up 3.8% from a year earlier. It keeps 2.86 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). On the other hand, it pays an average of 1.37% on its deposits and borrowings, lower than about three-quarters of banks its size (median 2.01%).
Unrealized losses on its securities total $75 million, equal to 30% of Tier 1 capital, against 34% a year earlier. Problem loans have nearly doubled in a year: loans on nonaccrual or 90 or more days past due, net of government guarantees are 0.46% of loans, against 0.21% a year earlier. Profitability lags: it returns 7.4% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.6%).
As of June 30, 2026, Florence Bank reported a return on assets of 0.78%, a nonperforming-loan ratio of 0.46% and a Texas ratio of 2.60%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Florence Bank is the 26th largest of the 89 banks headquartered in Massachusetts. From Q1 2026 to Q2 2026, its total assets fell 0.2% to $2.01B, loans rose 1.9% and deposits rose 0.4%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 59.3% of total loans, ahead of non-owner-occupied commercial real estate loans at 24.0%. The FDIC Summary of Deposits lists 13 offices for it, in 11 cities in MA; its Florence 2 offices book 29% of its branch deposits. On its Q2 2026 call report, Florence Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 85 Main St, Florence, MA 01062
- County
- Hampshire
- Metro Area
- Amherst Town-Northampton, MA
- 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
- February 14, 1873
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 217
- Domestic deposits
- $1.79B
- Allowance for credit losses
- $8.5M
- Net charge-offs (YTD)
- $50K
- Average total assets
- $2.04B
- Average total loans
- $1.26B
- Average interest-bearing deposits
- $1.34B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 2, 1981
- FDIC Cert
- 23293
- Fed RSSD
- 279105
- Website
- www.florencebank.com →
- Parent Holding Company
- FLORENCE BANCORP, MHC (RSSD 3367106)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Florence Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Florence Bank's total assets moved between a low of $1.88B (Q3 2023) and a high of $2.14B (Q3 2024) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$2.01B total assets against $1.94B; $1.80B total liabilities against $1.74B.
$1.27B net loans and leases against $1.19B; $1.79B total deposits against $1.68B.
$578.7M securities against $609.3M; $75.3M cash and balances due against $50.4M.
$20.0M total interest income against $18.4M; $6.1M total interest expense against $5.7M.
$13.9M net interest income against $12.7M.
$1.9M total noninterest income against $2.0M; $10.4M total noninterest expense against $9.9M.
$553K provision for credit losses against $20K.
$4.0M net income against $3.6M.
0.78% return on assets against 0.74%; 2.86% net interest margin against 2.71%.
12.23% tier 1 leverage ratio against 12.00%.
Inside the full Florence 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.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Florence Bank rankings
Its closest position to the top of a national ranking is 596 of 4,196, for total assets; its furthest is 2,937 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.41% (Q4 2024) to 0.78% (Q2 2026) and its net interest margin ran from 2.19% (Q3 2024) to 2.86% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.23% | 0.78% | 0.46% | 2.60% | 2.86% |
| Q1 2026 | 12.22% | 0.66% | 0.49% | 2.78% | 2.75% |
| Q4 2025 | 12.10% | 0.50% | 0.21% | 1.21% | 2.70% |
| Q3 2025 | 12.14% | 0.69% | 0.26% | 1.47% | 2.76% |
| Q2 2025 | 12.00% | 0.74% | 0.21% | 1.23% | 2.71% |
| Q1 2025 | 11.69% | 0.53% | 0.31% | 1.83% | 2.48% |
| Q4 2024 | 11.14% | 0.41% | 0.30% | 1.87% | 2.32% |
| Q3 2024 | 10.54% | 0.57% | 0.26% | 1.52% | 2.19% |
Swipe the table sideways to see every column.
Branch Network
View all 13 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 |
|---|---|---|---|
| Florence Bank (main office) | Florence , MA | 01062 | $524.9M |
| Hadley Branch | Hadley , MA | 01035 | $208.0M |
| King Street Branch | Northampton , MA | 01060 | $191.5M |
| Easthampton Branch | Easthampton , MA | 01027 | $180.4M |
| Northampton Branch | Northampton , MA | 01060 | $147.2M |
| College Street Branch | Amherst , MA | 01002 | $141.2M |
| Williamsburg Branch | Williamsburg , MA | 01096 | $138.0M |
| Belchertown Branch | Belchertown , MA | 01007 | $70.4M |
| West Springfield Branch | West Springfield , MA | 01089 | $61.7M |
| Granby Branch | Granby , MA | 01033 | $57.1M |
| Allen Street Branch | Springfield , MA | 01118 | $40.4M |
| Chicopee Branch | Chicopee , MA | 01020 | $24.5M |
| Florence Drive-Up Branch | Florence , MA | 01062 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 20, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 18, 1999 | Structure Change | Acquired Bank of Easthampton, A Co-operative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in MA, rank 32 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 710 applications, 502 loans originated, $129.1M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $340K approved, $113K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Florence Bank
What are Florence Bank's total assets?
As of the Q2 2026 filing, Florence Bank reported total assets of $2.01 billion in its FFIEC call report.
Where is Florence Bank headquartered?
It is headquartered in Florence, MA, United States.
When was Florence Bank founded?
It was established in 1873, per the FDIC institution directory.
Is Florence Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #23293). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Florence Bank?
Florence Bank's primary federal regulator is the FDIC.
How many branches does Florence Bank operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Florence Bank's Texas Ratio?
Its Texas Ratio is 2.60% in its Q2 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 non-performing assets against the bank's capital and reserves.
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