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Florence Bank
Florence, MA · FDIC Certificate #23293 · Chartered 02/1
Total assets
$2.01B
Total deposits
$1.79B
Total equity
$216.39M
Net loans
$1.27B
Branches (offices)
13
Net income (YTD)
$7.26M
Rank: #604 of 4,213 U.S. banks by assets · #26 of 89 in Massachusetts. Assets changed 3.8% and deposits 6.0% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.72% |
| Return on equity | 6.83% |
| Net interest margin (YTD) | 2.85% |
| Equity to assets | 10.74% |
| Tier 1 leverage ratio | 12.23% |
| Uninsured deposits (share of deposits) | 24.6% |
| Noncurrent loans (share of loans) | 0.46% |
| Net charge-offs (share of loans) | 0.01% |
| Loans to deposits | 71.0% |
| Real estate loans (share of loans) | 97.6% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $1.24B | 97.6% | |
| Commercial & industrial | $38.94M | 3.1% | |
| Consumer / individual | $133.00K | 0.0% | |
| Construction & development | $29.64M | 2.3% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.93B | $1.75B | $7.32M | $160.87M |
| Jun 2023 | $1.86B | $1.65B | $8.02M | $163.19M |
| Jun 2024 | $2.12B | $1.65B | $5.73M | $177.59M |
| Jun 2025 | $1.94B | $1.68B | $6.27M | $199.28M |
| Jun 2026 | $2.01B | $1.79B | $7.26M | $216.39M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Massachusetts | $1.79B | 13 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $1.79B.
Similar-sized banks
The Farmers & Merchants Bank ($2.02B) · Mission Bank ($2.01B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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