Rockland Trust Company
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Data as of · sourced from FFIEC call reports. How we update
Rockland Trust Company is an FDIC-insured commercial bank headquartered in Rockland, MA, established in 1907 (FDIC certificate 9712), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $24.97B, up 24.5% from Q2 2025, the 3rd largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 14.86% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9712
- Headquarters
- Rockland, MA
- Established
- 1907
- Total assets, Q2 2026
- $24.97B
- Assets vs Q2 2025
- +24.5%
- CET1 ratio, Q2 2026
- 14.86%
- Domestic offices
- 151 FDIC institution directory, current count
- Routing number
- 011304478
- Latest call report
- Q2 2026, FFIEC 041 · Rockland Trust Company call report
- Holding company
- INDEPENDENT BANK CORP.
- Asset rank in state
- 3rd of 89 in Massachusetts
Rockland Trust Company is growing quickly. Based in Rockland, Massachusetts, it had $25.0 billion in assets at June 30, 2026, up 24.5% from a year earlier. It pays an average of 1.11% on its deposits and borrowings, lower than about 9 in 10 of the 127 banks with $10 billion to $100 billion in assets (median 1.92%). It also grew deposits 26.8% over the year, 4.7 times the median of 5.7% for banks its size.
Earnings jumped: net income for the quarter was $87 million, 50% above the same quarter a year earlier. The non-owner-occupied commercial real estate book ($4.5 billion) is worsening: 1.55% of it is past due or on nonaccrual, up from 0.68% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.8 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
As of June 30, 2026, Rockland Trust Company reported a CET1 capital ratio of 14.86%, a return on assets of 1.42%, a nonperforming-loan ratio of 0.56% and a Texas ratio of 3.57%. The figures come from its call report filed with the FFIEC.
Of the 89 banks headquartered in Massachusetts, Rockland Trust Company is the 3rd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.7% to $24.97B, loans fell 0.1% and deposits rose 1.4%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 29.4% of total loans, followed by non-owner-occupied commercial real estate loans at 24.5%. On its Q2 2026 call report, Rockland Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 288 Union St, Rockland, MA 02370
- County
- Plymouth
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 041
- Established
- September 10, 1907
- Domestic offices
- 151 FDIC institution directory, current count
- Employees (FTE)
- 2,269
- Domestic deposits
- $20.53B
- Allowance for credit losses
- $195.9M
- Net charge-offs (YTD)
- $5.7M
- Average total assets
- $24.63B
- Average total loans
- $18.47B
- Average interest-bearing deposits
- $19.34B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9712
- Fed RSSD
- 613008
- SEC CIK
- 776901 → filed by INDEPENDENT BANK CORP.
- Website
- http://www.rocklandtrust.com →
- Parent Holding Company
- INDEPENDENT BANK CORP. (RSSD 1136803) · INDB
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Jeffrey J Tengel | CEO | Chief Executive Officer |
| Gerard F Nadeau | PRES | President |
| Mark J Ruggiero | CFO | CFO & EVP Consumer Lending |
| Kathryn O'Malley | CCO | Chief Credit Officer |
| Tamina O'Neill | CRO | Chief Risk Officer |
| Patricia M Natale | GC | General Counsel |
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
Rockland Trust Company's total assets moved between a low of $19.33B (Q1 2024) and a high of $24.99B (Q3 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
$24.97B total assets against $20.05B; $21.07B total liabilities against $16.88B.
$18.22B net loans and leases against $14.41B; $20.53B total deposits against $16.19B.
$3.31B securities against $2.69B; $1.00B cash and balances due against $901.6M.
$291.0M total interest income against $220.0M; $70.4M total interest expense against $64.1M.
$220.6M net interest income against $155.9M.
$41.4M total noninterest income against $33.7M; $139.8M total noninterest expense against $108.8M.
$6.2M provision for credit losses against $7.2M.
$87.3M net income against $58.3M.
1.42% return on assets against 1.18%; 3.98% net interest margin against 3.51%.
14.86% CET1 capital ratio against 15.35%; 11.83% tier 1 leverage ratio against 11.95%.
Inside the full Rockland Trust Company 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.
Rockland Trust Company rankings
Its closest position to the top of a national ranking is 85 of 4,196, for total assets; its furthest is 1,687 of 3,640, for Texas Ratio.
Banks merged into Rockland Trust Company
- Enterprise Bank and Trust Company, effective July 1, 2025
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.67% (Q3 2025) to 1.43% (Q1 2026) and its net interest margin ran from 3.33% (Q3 2024) to 3.98% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.86% | 1.42% | 0.56% | 3.57% | 3.98% |
| Q1 2026 | 14.77% | 1.43% | 0.52% | 3.43% | 3.98% |
| Q4 2025 | 14.51% | 1.24% | 0.45% | 3.00% | 3.93% |
| Q3 2025 | 14.32% | 0.67% | 0.47% | 3.17% | 3.79% |
| Q2 2025 | 15.35% | 1.18% | 0.39% | 2.50% | 3.51% |
| Q1 2025 | 15.31% | 0.96% | 0.62% | 3.89% | 3.40% |
| Q4 2024 | 14.46% | 1.03% | 0.70% | 4.74% | 3.38% |
| Q3 2024 | 14.53% | 0.92% | 0.73% | 4.88% | 3.33% |
Swipe the table sideways to see every column.
Branch Network
View all 151 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 |
|---|---|---|---|
| Rockland Trust Company (main office) | Rockland , MA | 02370 | $998.0M |
| Lowell - Merrimack St Branch | Lowell , MA | 01852 | $432.4M |
| Norwell Branch | Norwell , MA | 02061 | $366.2M |
| Salem Nh Branch | Salem , NH | 03079 | $331.0M |
| Plymouth Pilgrim Hill Branch | Plymouth , MA | 02360 | $326.7M |
| Attleboro Branch | Attleboro , MA | 02703 | $281.0M |
| Seekonk Branch | Seekonk , MA | 02771 | $265.1M |
| Fairhaven Branch | Fairhaven , MA | 02719 | $248.1M |
| Brockton West Branch | Brockton , MA | 02301 | $247.6M |
| Franklin - Main Branch | Franklin , MA | 02038 | $243.9M |
| Marshfield Branch | Marshfield , MA | 02050 | $243.5M |
| Somerset Branch | Somerset , MA | 02726 | $241.9M |
| Lawrence Branch | Lawrence , MA | 01843 | $240.7M |
| Chelmsford - Littleton Rd Branch | Chelmsford , MA | 01824 | $232.9M |
| Stoughton Branch | Stoughton , MA | 02072 | $230.6M |
| Bridgewater Branch | Bridgewater , MA | 02324 | $227.7M |
| West Roxbury Branch | West Roxbury , MA | 02132 | $222.4M |
| Peabody Branch | Peabody , MA | 01960 | $207.8M |
| Kingston Branch | Kingston , MA | 02364 | $203.8M |
| Andover Branch | Andover , MA | 01810 | $199.6M |
| Randolph Branch | Randolph , MA | 02368 | $199.4M |
| Burlington Branch | Burlington , MA | 01803 | $195.9M |
| Nantucket - Pleasant Street Branch | Nantucket , MA | 02554 | $194.3M |
| Fitchburg Branch | Fitchburg , MA | 01420 | $193.9M |
| Middleboro Branch | Middleboro , MA | 02346 | $191.2M |
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 |
|---|---|---|---|
| July 1, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2025 | Structure Change | Acquired Enterprise Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 13, 2021 | Structure Change | Acquired East Boston Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 12, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2019 | Structure Change | Acquired Blue Hills Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 17, 2018 | Structure Change | Acquired The Milford National Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 16, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 13, 2017 | Structure Change | Acquired The Edgartown National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 12, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 11, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 11, 2016 | Structure Change | Acquired Bank of Cape Cod Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 21, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 21, 2015 | Structure Change | Acquired Peoples Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 16, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 16, 2013 | Structure Change | Acquired Mayflower Co-operative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 10, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 10, 2012 | Structure Change | Acquired Central Co-operative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 9, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 9, 2009 | Structure Change | Acquired Benjamin Franklin Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 1, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 1, 2008 | Structure Change | Acquired Slade's Ferry Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 17, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 17, 2004 | Structure Change | Acquired Falmouth Co-operative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 12, 1994 | Structure Change | Acquired Plymouth Federal Savings Association Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| June 22, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 20, 1992 | Structure Change | Acquired Middleborough Trust Company 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 27 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 3.0% of deposits in MA, rank 7 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 6,320 applications, 3,419 loans originated, $1.42B originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 168 loans, $55.0M approved, $327K 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 Rockland Trust Company
What are Rockland Trust Company's total assets?
As of the Q2 2026 filing, Rockland Trust Company reported total assets of $24.97 billion in its FFIEC call report.
Where is Rockland Trust Company headquartered?
It is headquartered in Rockland, MA, United States.
When was Rockland Trust Company founded?
It was established in 1907, per the FDIC institution directory.
Is Rockland Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9712). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Rockland Trust Company?
Rockland Trust Company's primary federal regulator is the FDIC.
What is Rockland Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.86% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Rockland Trust Company operate?
It operates 151 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Rockland Trust Company's Texas Ratio?
Its Texas Ratio is 3.57% 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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