TruNorth Bank
248 Andover St, Peabody, MA 01960
Financial Overview
Financial Health Analysis
TruNorth Bank is a currently active commercial lending specialization banking institution headquartered in Peabody, Massachusetts. Established in 01/01/1888, this institution operates under regulatory supervision and is fully insured by the FDIC.
As a financial institution, TruNorth Bank manages $3.27B in total assets and holds $2.65B in customer deposits. When evaluating the stability of TruNorth Bank, one of the most critical metrics is its Capital Cushion (Equity-to-Assets Ratio). At 14.84%, this indicates how much financial loss the bank can absorb before depositors' funds are placed at risk. A strong equity cushion is a key indicator of a bank's ability to weather economic downturns.
In terms of operational efficiency, the bank's Return on Assets (ROA) is 1.27%, while its Return on Equity (ROE) sits at 8.56%. These robust metrics contribute to an overall health score of 9.6 out of 10, signaling a well-capitalized and efficiently managed operation that effectively balances risk and shareholder return.
Risk & Growth Profiles
✓ Clean Regulatory Record
No recent history of FDIC conservatorship or financial failure.
Deposit Momentum
$88.4M avg deposits per branch.
Measures how much capital the bank holds against its physical footprint. A higher ratio indicates a highly liquid, lower-overhead lending profile.
Operations & Contact
Contact
Website: www.trunorthbank.com
FDIC Certificate #: 26484
Specialization: Commercial Lending Specialization