Reading Co-Operative Bank
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Data as of · sourced from FFIEC call reports. How we update
Reading Co-Operative Bank is an FDIC-insured commercial bank headquartered in Reading, MA, established in 1886 (FDIC certificate 26620), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $1.19B, down 2.1% from Q2 2025, the 42nd largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 10.61% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 26620
- Headquarters
- Reading, MA
- Established
- 1886
- Total assets, Q2 2026
- $1.19B
- Assets vs Q2 2025
- -2.1%
- CET1 ratio, Q2 2026
- 10.61%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 211372404
- Asset rank in state
- 42nd of 89 in Massachusetts
Reading Co-Operative Bank spends more to run itself than most banks of its size. Its balance sheet stood at $1.2 billion at June 30, 2026, down 2.1% from a year earlier; it is based in Reading, Massachusetts. It earns about $0.42 a year on every $100 of assets, about a third the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also spends about 80 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 58 cents).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.06% of loans from 0.81%. Its $121 million multifamily book is now fully current, after 2.14% of it was past due or on nonaccrual a year earlier. Where it has less room is capital: it holds common equity equal to 10.61% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 13.52%).
As of June 30, 2026, Reading Co-Operative Bank reported a CET1 capital ratio of 10.61%, a return on assets of 0.42%, a nonperforming-loan ratio of 0.06% and a Texas ratio of 0.73%. The figures come from its call report filed with the FFIEC.
Of the 89 banks headquartered in Massachusetts, Reading Co-Operative Bank is the 42nd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.8% to $1.19B, loans rose 2.3% and deposits fell 3.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 60.9% of total loans, ahead of multifamily loans at 12.5%. Its 13 offices in the FDIC Summary of Deposits are in 11 cities in MA; its Reading 2 offices book 34% of its branch deposits. By the capital ratios in its Q2 2026 call report, Reading Co-Operative Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 180 Haven St, Reading, MA 01867
- County
- Middlesex
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1886
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 117
- Domestic deposits
- $1.02B
- Allowance for credit losses
- $5.5M
- Net charge-offs (YTD)
- $397K
- Average total assets
- $1.16B
- Average total loans
- $954.3M
- Average interest-bearing deposits
- $784.4M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- March 27, 1986
- FDIC Cert
- 26620
- Fed RSSD
- 1008674
- Website
- www.readingcoop.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Reading Co-Operative Bank's total assets moved between a low of $880.3M (Q3 2023) and a high of $1.24B (Q4 2025) 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
$1.19B total assets against $1.21B; $1.11B total liabilities against $1.14B.
$963.9M net loans and leases against $962.0M; $1.02B total deposits against $1.06B.
$134.4M securities against $134.6M; $13.7M cash and balances due against $38.5M.
$14.9M total interest income against $13.3M; $5.6M total interest expense against $6.1M.
$9.3M net interest income against $7.3M.
$709K total noninterest income against $1.3M; $8.0M total noninterest expense against $6.9M.
$342K provision for credit losses against $777K.
$1.2M net income against $1.0M.
0.42% return on assets against 0.36%; 3.32% net interest margin against 2.67%.
10.61% CET1 capital ratio against 9.82%; 7.35% tier 1 leverage ratio against 6.92%.
Inside the full Reading 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.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Reading Co-Operative Bank rankings
Its closest position to the top of a national ranking is 893 of 4,196, for total assets; its furthest is 2,028 of 2,134, for CET1 ratio.
Banks merged into Reading Co-Operative Bank
- Wakefield Co-operative Bank, effective May 1, 2025
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.23% (Q1 2025) to 0.96% (Q3 2025) and its net interest margin ran from 2.53% (Q3 2024) to 3.53% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.61% | 0.42% | 0.06% | 0.73% | 3.32% |
| Q1 2026 | 10.62% | 0.43% | 0.16% | 1.99% | 3.28% |
| Q4 2025 | 10.29% | 0.47% | 1.05% | 13.47% | 3.25% |
| Q3 2025 | 10.44% | 0.96% | 0.66% | 8.85% | 3.53% |
| Q2 2025 | 9.82% | 0.36% | 0.81% | 11.83% | 2.67% |
| Q1 2025 | 11.54% | 0.23% | 0.79% | 9.69% | 2.65% |
| Q4 2024 | 11.45% | 0.34% | 0.19% | 2.51% | 2.65% |
| Q3 2024 | 11.59% | 0.24% | 0.14% | 1.59% | 2.53% |
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 |
|---|---|---|---|
| Reading Co-Operative Bank (main office) | Reading , MA | 01867 | $345.9M |
| Wilmington Branch | Wilmington , MA | 01887 | $151.7M |
| Wakefield Branch | Wakefield , MA | 01880 | $119.1M |
| North Reading Branch | North Reading , MA | 01864 | $97.3M |
| Lynnfield Branch | Lynnfield , MA | 01940 | $76.2M |
| Lynn Branch | Lynn , MA | 01904 | $65.2M |
| Nahant Branch | Nahant , MA | 01908 | $46.8M |
| Andover Branch | Andover , MA | 01810 | $39.0M |
| Melrose Branch | Melrose , MA | 02176 | $26.7M |
| Reading Cooperative Bank Branch | Lawrence , MA | 01840 | $23.1M |
| Burlington Office Branch | Burlington , MA | 01803 | $21.7M |
| Reading Memorial High School Branch | Reading , MA | 01867 | $1.4M |
| Nemt Branch | Wakefield , MA | 01880 | $1.3M |
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 |
|---|---|---|---|
| May 1, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 1, 2025 | Structure Change | Acquired Wakefield 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
- 0.2% of deposits in MA, rank 48 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 185 applications, 127 loans originated, $97.8M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $512K approved, $171K 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 Reading Co-Operative Bank
What are Reading Co-Operative Bank's total assets?
As of the Q2 2026 filing, Reading Co-Operative Bank reported total assets of $1.19 billion in its FFIEC call report.
Where is Reading Co-Operative Bank headquartered?
It is headquartered in Reading, MA, United States.
When was Reading Co-Operative Bank founded?
It was established in 1886, per the FDIC institution directory.
Is Reading Co-Operative Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #26620). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Reading Co-Operative Bank?
Reading Co-Operative Bank's primary federal regulator is the Federal Reserve.
What is Reading Co-Operative Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.61% in its Q2 2026 call report, above regulatory requirements.
How many branches does Reading Co-Operative 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 Reading Co-Operative Bank's Texas Ratio?
Its Texas Ratio is 0.73% 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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