Rockland Trust Company Mortgage Rates, Fees & Info

Rockland, MA

LEI: TKT6FH38184ZYBTPKS77

Tax ID: 04-1782600

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Rockland Trust Company is a small mortgage company specializing in Home Purchase and Refi loans. Rockland Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, Providence, Barnstable Town, Worcester, and Vineyard Haven among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rockland Trust Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Rockland Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Purchase 5.73% 11/21/24
    30 Year Conventional Refi 6.03% 11/21/24
    30 Year Cash-out Refi 6.14% 11/21/24
    30 Year FHA Purchase 7.04% 11/21/24
    30 Year FHA Refi 6.77% 11/21/24
    30 Year VA Purchase 6.57% 11/21/24
    15 Year Conventional Purchase 5.44% 11/21/24
    15 Year Conventional Refi 6.08% 11/21/24
    15 Year Cash-out Refi 6.08% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Rockland Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Rockland Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    4,466

    Origination Dollar Volume (All Markets)

    $1,429,020,000

    Employee count

    1,348 Show all (12) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3,239 $1,104,905,000 $341,125 $3,548 4.48%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 469 $114,965,000 $245,128 $2,575 4.54%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 442 $93,670,000 $211,923 $1,735 4.64%
    Outside of Metro Areas 71 $43,305,000 $609,930 $4,593 4.42%
    WORCESTER, MA-CT (FHA|USDA|VA) 155 $34,405,000 $221,968 $3,330 4.50%
    Vineyard Haven, MA (FHA|USDA|VA) 50 $22,760,000 $455,200 $5,547 4.46%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 6 $1,980,000 $330,000 $3,490 3.67%
    SPRINGFIELD, MA (FHA|USDA|VA) 8 $1,940,000 $242,500 $3,503 4.01%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 6 $1,840,000 $306,667 $4,391 3.85%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $1,530,000 $765,000 $7,264 4.06%
    WILMINGTON, NC (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $0 3.70%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,370,000 $342,500 $5,078 4.66%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,330,000 $665,000 $4,244 3.92%
    Lebanon, NH-VT (FHA|USDA|VA) 5 $1,155,000 $231,000 $2,359 4.12%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $1,065,000 $1,065,000 $9,000 4.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $540,000 $270,000 $4,175 3.69%
    Concord, NH (FHA|USDA|VA) 1 $355,000 $355,000 $3,733 4.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,502 3.88%
    Laconia, NH (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.25%
    Rockland Trust Company's top markets include Boston, Providence, Barnstable Town, Worcester, and Vineyard Haven among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Rockland Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOMERSET
    Similarity Rank: 26
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    Rhode Island Credit Union
    Similarity Rank: 116
    Piscataqua Savings Bank
    Similarity Rank: 118
    First Ipswich Bank
    Similarity Rank: 139
    LEOMINSTER CREDIT UNION
    Similarity Rank: 180
    Charter Oak Federal Credit Union
    Similarity Rank: 294
    BankNewport
    Similarity Rank: 315
    OCEAN STATE CREDIT UNION
    Similarity Rank: 315
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 348

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,624 $1,081,580,000 $412,188 $2,738 4.25%
    HELOC 1,646 $272,880,000 $165,784 n/a 4.97%
    FHA 181 $68,475,000 $378,315 $10,122 3.79%
    VA 15 $6,085,000 $405,667 $7,791 3.53%

    For 2019, Rockland Trust Company's most frequently originated type of loan was Conventional, with 2,624 originations. Their 2nd most popular type was HELOC, with 1,646 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,556 $712,650,000 $458,001 $4,639 4.15%
    Refi 1,254 $380,280,000 $303,254 $1,711 4.39%
    Home Improvement 728 $119,730,000 $164,464 $1,307 5.17%
    Other 532 $72,320,000 $135,940 $562 5.11%
    Cash Out Refi 396 $144,040,000 $363,737 $3,167 4.08%

    For 2019, Rockland Trust Company's most frequently cited loan purpose was Home Purchase, with 1,556 originations. The 2nd most popular reason was Refi, with 1,254 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,846 $734,870,000 $398,088 $4,248 4.01%
    Other 1,718 $404,350,000 $235,361 $2,333 4.99%
    20 Year 400 $83,910,000 $209,775 $532 4.46%
    15 Year 223 $46,555,000 $208,767 $1,488 3.99%
    10 Year 166 $99,550,000 $599,699 $224 4.97%
    5 Year 51 $19,535,000 $383,039 $22 5.35%
    30+ year 33 $23,185,000 $702,576 $8,244 4.49%
    1 Year 27 $16,255,000 $602,037 $0 6.13%
    3 Year 2 $810,000 $405,000 $0 6.25%

    For 2019, Rockland Trust Company's most frequently cited loan duration was 30 Year, with 1,846 originations. The 2nd most popular length was Other, with 1,718 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,179 $737,145,000 $338,295
    $1k-2k 174 $54,500,000 $313,218
    $2k-3k 45 $16,715,000 $371,444
    $3k-4k 30 $12,280,000 $409,333
    $4k-5k 25 $17,825,000 $713,000
    $5k+ 25 $15,465,000 $618,600

    Rockland Trust Company's average total fees were $4,248, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,179 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,026 $673,720,000 $332,537
    3-4% 1,646 $581,590,000 $353,335
    5-6% 414 $132,890,000 $320,990
    6-7% 340 $35,650,000 $104,853
    7-8% 15 $915,000 $61,000
    <2.5% 12 $110,000 $9,167
    2.5-3% 11 $3,765,000 $342,273
    Over 8% 2 $380,000 $190,000

    During 2019, Rockland Trust Company's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 4-5%, with 2,026 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,601 $459,215,000 $286,830 $3,341 4.17%
    $100k-200k 1,129 $150,685,000 $133,468 $1,550 4.48%
    $400k-600k 707 $336,355,000 $475,750 $4,433 4.10%
    $100,000 or less 667 $36,325,000 $54,460 $116 5.75%
    $600k-1MM 257 $185,425,000 $721,498 $5,758 4.29%
    $1MM+ 105 $261,015,000 $2,485,857 $7,823 4.83%

    2019 saw Rockland Trust Company place emphasis on $200k-400k loans with 1,601 originations, totaling $459,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,105 $293,195,000 $265,335 $3,305 4.46%
    $150k-250k 916 $281,130,000 $306,910 $3,218 4.45%
    $75k-100k 760 $173,040,000 $227,684 $3,435 4.47%
    $50k-75k 684 $132,930,000 $194,342 $3,114 4.41%
    $250k+ 492 $244,270,000 $496,484 $4,215 4.40%
    $50k or less 238 $30,820,000 $129,496 $2,359 4.67%

    Rockland Trust Company lent most frequently to those with incomes in the $100k-150k range, with 1,105 originations. The second most popular income band? $150k-250k, with 916 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 929 $247,675,000 $266,604 $2,662 4.45%
    30-36% 797 $214,375,000 $268,977 $2,931 4.45%
    <20% 275 $76,655,000 $278,745 $2,400 4.42%
    42% 220 $64,440,000 $292,909 $2,910 4.54%
    44% 180 $40,980,000 $227,667 $4,310 4.57%
    41% 175 $50,515,000 $288,657 $3,157 4.39%
    40% 172 $52,810,000 $307,035 $3,429 4.38%
    38% 170 $53,150,000 $312,647 $3,539 4.46%
    45% 164 $39,140,000 $238,659 $4,491 4.64%
    43% 163 $42,255,000 $259,233 $3,744 4.42%
    36% 155 $41,515,000 $267,839 $2,739 4.48%
    37% 154 $43,030,000 $279,416 $2,696 4.34%
    39% 152 $48,010,000 $315,855 $3,541 4.38%
    50-60% 142 $34,370,000 $242,042 $8,520 4.54%
    49% 109 $29,165,000 $267,569 $5,080 4.44%
    48% 93 $24,265,000 $260,914 $4,947 4.45%
    47% 92 $29,690,000 $322,717 $4,168 4.40%
    46% 88 $25,050,000 $284,659 $5,041 4.24%
    >60% 9 $3,595,000 $399,444 $5,237 4.30%

    Rockland Trust Company lent most frequently to those with DTI ratios of 20-30%, with 929 originations. The next most common DTI ratio? 30-36%, with 797 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,578 $954,160,000 $266,674 $3,146 4.48%
    Not applicable 196 $253,950,000 $1,295,663 $0 5.33%
    Not provided 320 $111,930,000 $349,781 $3,947 4.38%
    Black 184 $50,030,000 $271,902 $4,058 4.32%
    Asian 156 $49,990,000 $320,449 $4,229 4.22%
    Asian Indian 7 $3,105,000 $443,571 $3,366 4.21%
    American Indian 11 $2,015,000 $183,182 $2,458 4.97%
    Other Asian 4 $1,610,000 $402,500 $2,872 4.43%
    Chinese 4 $900,000 $225,000 $0 4.55%
    Native Hawaiian or Islander 3 $655,000 $218,333 $1,755 4.29%
    Vietnamese 1 $355,000 $355,000 $2,804 3.75%
    Other Pacific Islander 1 $215,000 $215,000 $4,077 3.50%
    Korean 1 $105,000 $105,000 $0 4.74%

    Approval Rates

    Total approvals of all applications
    79.12%

    Rockland Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.45%

    Rockland Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,466 $1,429,020,000 $319,978

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 72 $164,330,000 $2,282,361
    Single Family (1-4 Units):Site-Built 4,394 $1,264,690,000 $287,822

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 972 $182,920,000 $188,189 $1,610 4.56%
    40-60% 629 $240,275,000 $381,995 $2,669 4.26%
    60-80% 1,119 $580,895,000 $519,120 $3,088 4.27%
    80-100% 875 $349,975,000 $399,971 $5,014 3.98%
    Over 100% 2 $850,000 $425,000 $12,867 3.44%
    Under 20% 869 $74,105,000 $85,276 $255 5.40%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Rockland Trust Company 1 Amelia Drive Nantucket, MA 2554 Full Service B&M $147,660
    Rockland Trust Company 1 Mechanic Street Foxboro, MA 2035 Full Service B&M $98,866
    Rockland Trust Company 10 Pond St Norwell, MA 2061 Full Service B&M $227,855
    Rockland Trust Company 100 Belmont Street Brockton, MA 2301 Full Service B&M $88,410
    Rockland Trust Company 100 Sgt. William B. Terry Drive Hingham, MA 2043 Full Service B&M $100,989
    Rockland Trust Company 100 Slades Ferry Avenue Somerset, MA 2726 Full Service B&M $166,270
    Rockland Trust Company 104 Main St Weymouth, MA 2188 Full Service B&M $66,098
    Rockland Trust Company 104 Pleasant Street Nantucket, MA 2554 Full Service B&M $140,798
    Rockland Trust Company 1065 Truman Parkway Boston, MA 2136 Full Service B&M $187,374
    Rockland Trust Company 1192 Boylston Street Chestnut Hill, MA 2467 Full Service B&M $48,198
    Rockland Trust Company 1195 Falmouth Rd Centerville, MA 2632 Full Service B&M $70,539
    Rockland Trust Company 1196 River Street Boston, MA 2136 Full Service B&M $614,924
    Rockland Trust Company 124 Main St Carver, MA 2330 Full Service B&M $60,491
    Rockland Trust Company 1290 Main Street Waltham, MA 2451 Full Service B&M $84,573
    Rockland Trust Company 135 South Main Street Middleboro, MA 2346 Full Service B&M $82,779
    Rockland Trust Company 14 Hastings Street, Route 16 Mendon, MA 1756 Full Service B&M $48,891
    Rockland Trust Company 1400 Fall River Avenue Seekonk, MA 2771 Full Service B&M $138,691
    Rockland Trust Company 146 South Main Street Milford, MA 1757 Full Service B&M $149,167
    Rockland Trust Company 147 Center St Pembroke, MA 2359 Full Service B&M $88,141
    Rockland Trust Company 170 Cambridge Street Burlington, MA 1803 Full Service B&M $70,100
    Rockland Trust Company 170 Needham Street Newton, MA 2464 Full Service B&M $21,203
    Rockland Trust Company 171 University Avenue Westwood, MA 2090 Full Service B&M $128,336
    Rockland Trust Company 172 Clay Pond Road Bourne, MA 2532 Full Service B&M $62,126
    Rockland Trust Company 175 Broadway Arlington, MA 2474 Full Service B&M $42,294
    Rockland Trust Company 184 Summer St Kingston, MA 2364 Full Service B&M $115,426
    Rockland Trust Company 1920 Centre Street West Roxbury, MA 2132 Full Service B&M $219,137
    Rockland Trust Company 2 Orange Street Nantucket, MA 2554 Full Service B&M $40,773
    Rockland Trust Company 2 South Water Street Edgartown, MA 2539 Full Service B&M $63,174
    Rockland Trust Company 20 Davis Straits Falmouth, MA 2540 Full Service B&M $90,965
    Rockland Trust Company 229 North Harvard Street Allston, MA 2134 Full Service B&M $58,458
    Rockland Trust Company 231 E Central St Franklin, MA 2038 Full Service B&M $91,479
    Rockland Trust Company 233 Broad St Bridgewater, MA 2324 Full Service B&M $111,513
    Rockland Trust Company 2420 Cranberry Highway West Wareham, MA 2576 Full Service B&M $74,504
    Rockland Trust Company 257 Edgartown Road Vineyard Haven, MA 2568 Full Service B&M $39,189
    Rockland Trust Company 257 Upper Main Street Edgartown, MA 2539 Full Service B&M $50,333
    Rockland Trust Company 264 Nantasket Avenue Hull, MA 2045 Full Service B&M $45,137
    Rockland Trust Company 264 Washington Street Brookline, MA 2445 Full Service B&M $61,151
    Rockland Trust Company 27 Bay Road At Hall's Corner Duxbury, MA 2332 Full Service B&M $112,379
    Rockland Trust Company 27 Melrose Street Melrose, MA 2176 Full Service B&M $66,119
    Rockland Trust Company 270 Mystic Avenue Medford, MA 2155 Full Service B&M $38,479
    Rockland Trust Company 272 Columbia Road Hanover, MA 2339 Full Service B&M $122,350
    Rockland Trust Company 275 Main Street Woburn, MA 1801 Full Service B&M $96,452
    Rockland Trust Company 275 New State Hwy, Rt 44 Raynham, MA 2767 Full Service B&M $103,095
    Rockland Trust Company 288 Union Street Rockland, MA 2370 Full Service B&M $610,807
    Rockland Trust Company 290 Kingstown Way Duxbury, MA 2332 Limited, Mobile/Seasonal Office $8,692
    Rockland Trust Company 2995 Cranberry Hwy East Wareham, MA 2538 Full Service B&M $76,250
    Rockland Trust Company 30 South Main Street Middleboro, MA 2346 Full Service B&M $109,479
    Rockland Trust Company 300 East Main Street Milford, MA 1757 Full Service B&M $90,533
    Rockland Trust Company 301 Quincy Avenue Quincy, MA 2169 Full Service B&M $84,373
    Rockland Trust Company 31 Webster Square Marshfield, MA 2050 Full Service B&M $175,313
    Rockland Trust Company 32 Long Pond Road Plymouth, MA 2360 Full Service B&M $86,841
    Rockland Trust Company 330b Washington Street Wellesley Hills, MA 2481 Full Service B&M $31,545
    Rockland Trust Company 333 Cotuit Road Sandwich, MA 2563 Full Service B&M $48,809
    Rockland Trust Company 381 Centre Ave Abington, MA 2351 Full Service B&M $63,987
    Rockland Trust Company 397 East Falmouth Highway East Falmouth, MA 2536 Full Service B&M $62,047
    Rockland Trust Company 399 Highland Avenue Somerville, MA 2144 Full Service B&M $66,250
    Rockland Trust Company 4 North Main Street Bellingham, MA 2019 Full Service B&M $97,417
    Rockland Trust Company 40 Austin Street Newtonville, MA 2460 Full Service B&M $69,016
    Rockland Trust Company 405 Washington Street Braintree, MA 2184 Full Service B&M $183,663
    Rockland Trust Company 428 Station Avenue South Yarmouth, MA 2664 Full Service B&M $52,151
    Rockland Trust Company 434 Plymouth St Halifax, MA 2338 Full Service B&M $69,893
    Rockland Trust Company 435 Market St Brighton, MA 2135 Full Service B&M $131,830
    Rockland Trust Company 470 Liberty St Hanson, MA 2341 Full Service B&M $77,590
    Rockland Trust Company 480 Adams Street Milton, MA 2186 Full Service B&M $69,304
    Rockland Trust Company 485 Belmont Street Brockton, MA 2301 Full Service B&M $130,960
    Rockland Trust Company 490 Pleasant St Attleboro, MA 2703 Full Service B&M $134,089
    Rockland Trust Company 495 Hancock Street Quincy, MA 2171 Full Service B&M $50,211
    Rockland Trust Company 5 Shellback Way Mashpee, MA 2649 Full Service B&M $82,813
    Rockland Trust Company 57 Circuit Avenue Oak Bluffs, MA 2557 Full Service B&M $23,395
    Rockland Trust Company 57 West Bay Road Osterville, MA 2655 Full Service B&M $38,757
    Rockland Trust Company 58 Main Street Franklin, MA 2038 Full Service B&M $149,880
    Rockland Trust Company 608 Washington Street Stoughton, MA 2072 Full Service B&M $98,202
    Rockland Trust Company 61 Lenox St Norwood, MA 2062 Full Service B&M $174,119
    Rockland Trust Company 655 Main Street Chatham, MA 2633 Full Service B&M $51,961
    Rockland Trust Company 692 Bedford St Whitman, MA 2382 Full Service B&M $62,069
    Rockland Trust Company 70 Main Street Orleans, MA 2653 Full Service B&M $53,492
    Rockland Trust Company 725 Centre Street Jamaica Plain, MA 2130 Full Service B&M $28,495
    Rockland Trust Company 728 State Road Manomet, MA 2345 Full Service B&M $71,488
    Rockland Trust Company 741 Providence Highway Dedham, MA 2026 Full Service B&M $102,569
    Rockland Trust Company 75 Huttelson Ave Fairhaven, MA 2719 Full Service B&M $113,213
    Rockland Trust Company 75 Moody Street Waltham, MA 2453 Full Service B&M $115,722
    Rockland Trust Company 76 North Street Medfield, MA 2052 Full Service B&M $95,957
    Rockland Trust Company 765 Main Street Hyannis, MA 2601 Full Service B&M $172,917
    Rockland Trust Company 768 Robeson Street Fall River, MA 2720 Full Service B&M $66,434
    Rockland Trust Company 77 Front Street Scituate, MA 2066 Full Service B&M $66,878
    Rockland Trust Company 773 Chief Justice Cushing Hwy Cohasset, MA 2025 Full Service B&M $76,517
    Rockland Trust Company 78 County Road North Falmouth, MA 2556 Full Service B&M $51,090
    Rockland Trust Company 8 Richards Rd Plymouth, MA 2360 Full Service Cyber Office $28,502
    Rockland Trust Company 833 Ashley Boulevard New Bedford, MA 2745 Full Service B&M $50,346
    Rockland Trust Company 84 North Main Street Randolph, MA 2368 Full Service B&M $75,333
    Rockland Trust Company 855 Brayton Avenue Fall River, MA 2721 Full Service B&M $57,674
    Rockland Trust Company 87 Seaport Boulevard Boston, MA 2210 Full Service B&M $53,429
    Rockland Trust Company 88 Montvale Avenue Woburn, MA 1801 Limited, Mobile/Seasonal Office $915
    Rockland Trust Company 93 Franklin Street Boston, MA 2110 Full Service B&M $14,404
    Rockland Trust Company 932 Main St, Route 28 West Dennis, MA 2670 Full Service B&M $60,920
    Rockland Trust Company 94 Court Street Plymouth, MA 2360 Full Service B&M $55,203
    Rockland Trust Company One Pilgrim Hill Road Plymouth, MA 2360 Full Service B&M $177,022

    For 2019, Rockland Trust Company had 97 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $452,369
    Net interest income $406,727
    Total noninterest income $109,363
    Gross Fiduciary activities income $25,940
    Service charges on deposit accounts $20,714
    Trading account gains and fees $6,597
    Additional Noninterest Income $56,112
    Pre-tax net operating income $226,156
    Securities gains (or losses, -) $104
    Income before extraordinary items $171,065
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $171,065
    Minority interest net income $0
    Net income $171,065
    Sale, conversion, retirement of capital stock, net $4,402
    Net operating income $170,982

    Rockland Trust Company's gross interest income from loans was $452,369,000.
    Rockland Trust Company's net interest income from loans was $406,727,000.
    Rockland Trust Company's fee based income from loans was $20,714,000.
    Rockland Trust Company's net income from loans was $171,065,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $45,642
    Provision for credit losses $6,000
    Total noninterest expense $283,934
    Salaries and employee benefits $149,726
    Premises and equipment expense $32,177
    Additional noninterest expense $102,031
    Applicable income taxes $55,195
    Net charge-offs $2,553
    Cash dividends $181,704

    Rockland Trust Company's interest expense for loans was $45,642,000.
    Rockland Trust Company's payroll and benefits expense were $149,726,000.
    Rockland Trust Company's property, plant and equipment expenses $32,177,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $9,290,872
    Deposits held in domestic offices $9,290,872
    Deposits by Individuals, partnerships, and corporations $8,598,827
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $683,989
    Deposits by Commercial banks and other depository institutions in U.S. $8,056
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $204,028
    Demand deposits $163,175
    Nontransaction accounts $9,086,844
    Money market deposit accounts (MMDAs) $6,490,593
    Other savings deposits (excluding MMDAs) $1,194,436
    Total time deposits $1,401,815
    Total time and savings deposits $9,127,697
    Noninterest-bearing deposits $2,833,311
    Interest-bearing deposits $6,457,561
    Retail deposits $8,801,917
    IRAs and Keogh plan accounts $174,454
    Brokered deposits $250,245
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $11,397,638
    Cash & Balances due from depository institutions $151,025
    Interest-bearing balances $36,288
    Total securities $1,188,491
    Federal funds sold & reverse repurchase $0
    Net loans and leases $8,839,206
    Loan and leases loss allowance $67,740
    Trading account assets $55,744
    Bank premises and fixed assets $170,187
    Other real estate owned $0
    Goodwill and other intangibles $540,607
    All other assets $452,378

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $11,397,638
    Total Liabilities $9,656,094
    Total deposits $9,290,872
    Interest-bearing deposits $6,457,561
    Deposits held in domestic offices $9,290,872
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $53,517
    Other borrowed funds $115,747
    Subordinated debt $0
    All other liabilities $195,958

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $8,839,206
    Loan and leases loss allowance $67,740
    Total loans and leases (domestic) $8,906,946
    All real estate loans $7,333,077
    Real estate loans in domestic offices $7,333,077
    Construction and development loans $582,476
    Residential 1-4 family construction $139,822
    Other construction, all land development and other land $442,654
    Loans secured by nonfarm nonresidential properties $3,050,610
    Nonfarm nonresidential secured by owner-occupied properties $765,233
    Commercial real estate & other non-farm, non-residential $2,285,377
    Multifamily residential real estate $562,914
    1-4 family residential loans $3,133,020
    Farmland loans $4,057
    Loans held in foreign offices $0
    Farm loans $12,125
    Commercial and industrial loans $1,416,530
    To non-U.S. addressees $0
    Loans to individuals $25,639
    Credit card loans $0
    Related Plans $12,525
    Consumer Auto Loans $7,201
    Other loans to individuals $5,913
    All other loans & leases $119,575
    Loans to foreign governments and official institutions $0
    Other loans $21,604
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $700
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $19,469
    Non 1-4 family restructured loans & leases $6,050
    Total loans and leases (foreign) $0

    Rockland Trust Company had $8,839,206,000 of loans outstanding in 2019. $7,333,077,000 of loans were in real estate loans. $582,476,000 of loans were in development loans. $562,914,000 of loans were in multifamily mortgage loans. $3,133,020,000 of loans were in 1-4 family mortgage loans. $12,125,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,201,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 2,022 $623,033 $308,127
    Nonfarm, nonresidential loans - <$100k 120 $5,529 $46,075
    Nonfarm, nonresidential loans - $100-250k 538 $70,091 $130,281
    Nonfarm, nonresidential loans - $250k-1MM 1,364 $547,413 $401,329
    Commercial & Industrial, US addressed loans - <$1MM 9,354 $516,894 $55,259
    Commercial & Industrial, US addressed loans - <$100k 7,860 $180,939 $23,020
    Commercial & Industrial, US addressed loans - $100-250k 766 $84,414 $110,201
    Commercial & Industrial, US addressed loans - $250k-1MM 728 $251,541 $345,523
    Farmland loans - <$1MM 9 $1,556 $172,889
    Farmland loans - $100-250k 5 $649 $129,800
    Farmland loans - $250k-1MM 4 $907 $226,750
    Agriculture operations loans - <$1MM 58 $1,046 $18,034
    Agriculture operations loans - <$100k 55 $845 $15,364
    Agriculture operations loans - $100-250k 3 $201 $67,000