Attention Main Office Customers -

Our drive-up and ATM will be closed Monday, May 5th at 12:00 noon until Tuesday, May 6th at 5:00pm at 67 King Street, Northampton, MA while our parking lot gets repaired. Please plan accordingly. Our lobby will be open. We are sorry for any inconvenience. Thank you.

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Financial Statement

Northampton Cooperative Bank provides a safe, secure banking option to those who work or live in Hampshire County, Massachusetts. Conservative growth and prudent lending have allowed us to remain stable and strong through challenging economic times. We're happy to provide our current financial statement below for your review. If you have any questions, please feel free to stop in to any of our convenient locations in Northampton, Amherst or Florence, or call us at 413-584-4474.

Northampton Cooperative Bank Comparative Statement of Condition

Assets April 30, 2012 April 30, 2011 April 30, 2010
Cash and due from banks $17,145,351 $14,946,130 $11,685,651


US Government bonds & agencies 27,885,337 32,751,495 32,691,624
Municipals 973,119 3,048,199 3,246,559
Other investments 14,337,924 8,914,250 8,090,066
Loans receivable, net 84,307,083 78,320,179 82,054,426
Premises and equipment 4,860,087 5,047,353 5,150,322
Other assets 8,786,097 8,857,732 8,967,985
Total assets $158,294,998 $151,885,338 $151,886,633


Deposits 129,396,467 124,226,432 119,812,889
Mortgagors' tax reserve 142,244 94,885 70,204
Other Liabilities 6,269,050 6,041,907 11,287,968
Total liabilities 135,807,761 130,363,224 131,171,061
Reserves 22,487,237 21,522,144 20,715,572
Total liabilities and reserves $158,294,998 $151,885,338 $151,886,633

Recognition of income and expense

The accounting and reporting policies of the bank confirm to federally accepted principles and to general practices within the bank industry.

Investment securities

Securities are stated at face value adjusted for premium amortization and accretion of discount.

Premises and equipment

Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed for financial reporting and tax purposes on the straight-line basis over the useful life of each asset. Charges for maintenance and repairs are expensed as incurred, whereas, significant renewals and betterments are capitalized. Assets acquired subsequent to January 1981 are being depreciated using the accelerated cost recovery method.

Retirement plan

The bank provides pension benefits to eligible employees through membership in the Cooperative Banks Employees Retirement Association. The bank practice is to fund accrued pension cost. There are no material amounts of unfunded past service cost under the plan.