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 Refi and Home Purchase 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, Barnstable Town, Providence, Worcester, and Vineyard Haven among others. We have data for 24 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

    5,352

    Origination Dollar Volume (All Markets)

    $1,866,130,000

    Employee count

    1,375 Show all (6) 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) 3,925 $1,398,345,000 $356,266 $3,253 3.30%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 499 $135,795,000 $272,134 $2,553 3.37%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 493 $126,725,000 $257,049 $2,520 3.44%
    WORCESTER, MA-CT (FHA|USDA|VA) 212 $67,540,000 $318,585 $2,828 3.38%
    Outside of Metro Areas 95 $48,175,000 $507,105 $3,793 3.31%
    Vineyard Haven, MA (FHA|USDA|VA) 83 $41,215,000 $496,566 $4,210 3.29%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $33,355,000 $33,355,000 $0 4.01%
    Laconia, NH (FHA|USDA|VA) 3 $2,745,000 $915,000 $2,989 2.96%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 8 $2,050,000 $256,250 $3,716 3.22%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 7 $1,765,000 $252,143 $3,679 2.96%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $1,455,000 $1,455,000 $6,414 3.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,230,000 $615,000 $5,973 3.13%
    SPRINGFIELD, MA (FHA|USDA|VA) 5 $1,025,000 $205,000 $3,772 3.03%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $860,000 $430,000 $4,164 3.12%
    Concord, NH (FHA|USDA|VA) 3 $765,000 $255,000 $1,987 3.16%
    Keene, NH (FHA|USDA|VA) 3 $685,000 $228,333 $5,816 2.75%
    PITTSFIELD, MA (FHA|USDA|VA) 2 $610,000 $305,000 $2,801 3.52%
    Berlin, NH (FHA|USDA|VA) 2 $510,000 $255,000 $3,458 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $355,000 $355,000 $3,730 3.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,693 2.38%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.84%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,515 2.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,126 2.50%
    Rockland Trust Company's top markets include Boston, Barnstable Town, Providence, Worcester, and Vineyard Haven among others.

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

    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
    Similarity Rank: 169
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    Rhode Island Credit Union
    Similarity Rank: 510
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 525
    Triangle Credit Union
    Similarity Rank: 696
    CorePlus Federal Credit Union
    Similarity Rank: 710
    NEW HAMPSHIRE
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,480 $1,494,310,000 $429,399 $2,787 3.28%
    HELOC 1,732 $311,550,000 $179,879 n/a 3.45%
    FHA 131 $56,545,000 $431,641 $11,200 2.89%
    VA 9 $3,725,000 $413,889 $4,835 2.89%

    For 2020, Rockland Trust Company's most frequently originated type of loan was Conventional, with 3,480 originations. Their 2nd most popular type was HELOC, with 1,732 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,278 $841,130,000 $369,241 $2,389 3.23%
    Home Purchase 1,268 $614,930,000 $484,961 $4,626 3.22%
    Home Improvement 755 $116,425,000 $154,205 $722 3.66%
    Cash Out Refi 548 $207,970,000 $379,507 $3,316 3.24%
    Other 503 $85,675,000 $170,328 $1,022 3.58%

    For 2020, Rockland Trust Company's most frequently cited loan purpose was Refi, with 2,278 originations. The 2nd most popular reason was Home Purchase, with 1,268 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,290 $928,280,000 $405,362 $3,803 3.14%
    Other 1,813 $422,385,000 $232,976 $2,928 3.46%
    20 Year 480 $119,320,000 $248,583 $876 3.63%
    15 Year 440 $137,800,000 $313,182 $2,273 2.87%
    10 Year 201 $169,935,000 $845,448 $808 3.81%
    5 Year 71 $43,585,000 $613,873 $0 4.08%
    1 Year 33 $21,785,000 $660,152 $0 4.64%
    30+ year 22 $22,590,000 $1,026,818 $10,741 3.89%
    3 Year 2 $450,000 $225,000 $0 5.38%

    For 2020, Rockland Trust Company's most frequently cited loan duration was 30 Year, with 2,290 originations. The 2nd most popular length was Other, with 1,813 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,788 $1,009,720,000 $362,166
    $1k-2k 258 $79,960,000 $309,922
    $2k-3k 68 $26,550,000 $390,441
    $3k-4k 30 $11,670,000 $389,000
    $5k+ 28 $25,090,000 $896,071
    $4k-5k 17 $12,285,000 $722,647

    Rockland Trust Company's average total fees were $3,803, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,788 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,182 $816,220,000 $374,070
    2.5-3% 2,135 $727,295,000 $340,653
    4-5% 552 $175,390,000 $317,736
    <2.5% 381 $127,685,000 $335,131
    5-6% 83 $18,775,000 $226,205
    6-7% 19 $765,000 $40,263

    During 2020, Rockland Trust Company's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 3-4%, with 2,182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,103 $612,185,000 $291,101 $2,829 3.17%
    $100k-200k 1,165 $164,375,000 $141,094 $1,715 3.26%
    $400k-600k 1,001 $474,915,000 $474,441 $3,878 3.15%
    $100,000 or less 584 $34,600,000 $59,247 $244 4.19%
    $600k-1MM 365 $264,635,000 $725,027 $5,558 3.32%
    $1MM+ 134 $315,420,000 $2,353,881 $7,588 3.70%

    2020 saw Rockland Trust Company place emphasis on $200k-400k loans with 2,103 originations, totaling $612,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,327 $384,475,000 $289,732 $3,075 3.31%
    $150k-250k 1,202 $393,420,000 $327,304 $3,109 3.28%
    $75k-100k 870 $233,800,000 $268,736 $3,117 3.27%
    $50k-75k 697 $151,465,000 $217,310 $2,842 3.20%
    $250k+ 649 $308,955,000 $476,048 $4,055 3.27%
    $50k or less 231 $32,975,000 $142,749 $2,199 3.54%

    Rockland Trust Company lent most frequently to those with incomes in the $100k-150k range, with 1,327 originations. The second most popular income band? $150k-250k, with 1,202 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,263 $385,115,000 $304,921 $2,745 3.24%
    30-36% 969 $292,265,000 $301,615 $2,920 3.31%
    <20% 483 $145,965,000 $302,205 $2,752 3.19%
    41% 219 $66,415,000 $303,265 $2,756 3.44%
    42% 213 $63,335,000 $297,347 $2,414 3.47%
    39% 205 $61,585,000 $300,415 $2,988 3.25%
    38% 198 $66,950,000 $338,131 $3,226 3.32%
    40% 194 $59,390,000 $306,134 $3,057 3.35%
    37% 184 $56,470,000 $306,902 $3,182 3.34%
    45% 177 $45,805,000 $258,785 $4,989 3.35%
    44% 176 $45,050,000 $255,966 $3,676 3.33%
    36% 157 $45,155,000 $287,611 $2,930 3.26%
    43% 149 $41,285,000 $277,081 $3,710 3.23%
    49% 98 $30,790,000 $314,184 $3,702 3.14%
    50-60% 95 $26,655,000 $280,579 $8,506 3.32%
    47% 94 $30,620,000 $325,745 $4,932 3.16%
    48% 91 $29,795,000 $327,418 $4,729 3.15%
    46% 77 $25,405,000 $329,935 $4,241 3.19%

    Rockland Trust Company lent most frequently to those with DTI ratios of 20-30%, with 1,263 originations. The next most common DTI ratio? 30-36%, with 969 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,248 $1,271,260,000 $299,261 $3,048 3.31%
    Not applicable 263 $324,265,000 $1,232,947 $0 4.00%
    Not provided 356 $116,080,000 $326,067 $3,473 3.24%
    Asian 244 $80,380,000 $329,426 $3,664 3.07%
    Black 191 $60,915,000 $318,927 $3,786 3.19%
    Asian Indian 12 $4,780,000 $398,333 $2,944 3.22%
    American Indian 20 $4,600,000 $230,000 $2,088 3.33%
    Other Asian 4 $980,000 $245,000 $2,074 3.46%
    Other Pacific Islander 6 $970,000 $161,667 $0 3.27%
    Chinese 4 $800,000 $200,000 $0 3.21%
    Vietnamese 2 $570,000 $285,000 $0 3.37%
    Native Hawaiian or Islander 2 $530,000 $265,000 $3,161 3.06%

    Approval Rates

    Total approvals of all applications
    79.77%

    Rockland Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.59%

    Rockland Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,352 $1,866,130,000 $348,679

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $3,505,000 $3,505,000
    Multifamily:Site-Built 80 $189,300,000 $2,366,250
    Single Family (1-4 Units):Site-Built 5,271 $1,673,325,000 $317,459

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,101 $242,525,000 $220,277 $1,930 3.28%
    40-60% 1,140 $422,290,000 $370,430 $2,572 3.15%
    60-80% 1,550 $788,000,000 $508,387 $3,143 3.30%
    80-100% 739 $332,655,000 $450,142 $4,843 3.11%
    Over 100% 1 $245,000 $245,000 $9,344 2.50%
    Under 20% 821 $80,415,000 $97,948 $712 3.84%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Rockland Trust Company 1 Amelia Drive Nantucket, MA 2554 Full Service B&M $144,156
    Rockland Trust Company 1 Mechanic Street Foxboro, MA 2035 Full Service B&M $138,257
    Rockland Trust Company 10 Pond St Norwell, MA 2061 Full Service B&M $279,745
    Rockland Trust Company 100 Belmont Street Brockton, MA 2301 Full Service B&M $116,997
    Rockland Trust Company 100 Sgt. William B. Terry Drive Hingham, MA 2043 Full Service B&M $127,071
    Rockland Trust Company 100 Slades Ferry Avenue Somerset, MA 2726 Full Service B&M $200,293
    Rockland Trust Company 104 Main St Weymouth, MA 2188 Full Service B&M $95,813
    Rockland Trust Company 104 Pleasant Street Nantucket, MA 2554 Full Service B&M $156,847
    Rockland Trust Company 1065 Truman Parkway Boston, MA 2136 Full Service B&M $182,527
    Rockland Trust Company 1192 Boylston Street Chestnut Hill, MA 2467 Full Service B&M $67,393
    Rockland Trust Company 1195 Falmouth Rd Centerville, MA 2632 Full Service B&M $78,798
    Rockland Trust Company 1196 River Street Boston, MA 2136 Full Service B&M $341,983
    Rockland Trust Company 124 Main St Carver, MA 2330 Full Service B&M $80,961
    Rockland Trust Company 1290 Main Street Waltham, MA 2451 Full Service B&M $95,288
    Rockland Trust Company 135 South Main Street Middleboro, MA 2346 Full Service B&M $116,806
    Rockland Trust Company 14 Hastings Street, Route 16 Mendon, MA 1756 Full Service B&M $58,466
    Rockland Trust Company 1400 Fall River Avenue Seekonk, MA 2771 Full Service B&M $222,139
    Rockland Trust Company 1450 Highland Avenue Needham, MA 2492 Full Service B&M $4,939
    Rockland Trust Company 146 S Main St Milford, MA 1757 Full Service B&M $163,674
    Rockland Trust Company 147 Center St Pembroke, MA 2359 Full Service B&M $110,301
    Rockland Trust Company 170 Cambridge Street Burlington, MA 1803 Full Service B&M $92,423
    Rockland Trust Company 170 Needham Street Newton, MA 2464 Full Service B&M $71,759
    Rockland Trust Company 171 University Avenue Westwood, MA 2090 Full Service B&M $99,400
    Rockland Trust Company 172 Clay Pond Road Bourne, MA 2532 Full Service B&M $66,848
    Rockland Trust Company 175 Broadway Arlington, MA 2474 Full Service B&M $55,298
    Rockland Trust Company 184 Summer St Kingston, MA 2364 Full Service B&M $134,817
    Rockland Trust Company 1920 Centre Street West Roxbury, MA 2132 Full Service B&M $199,686
    Rockland Trust Company 2 Orange Street Nantucket, MA 2554 Full Service B&M $44,355
    Rockland Trust Company 2 South Water Street Edgartown, MA 2539 Full Service B&M $70,236
    Rockland Trust Company 20 Davis Straits Falmouth, MA 2540 Full Service B&M $100,785
    Rockland Trust Company 229 North Harvard Street Allston, MA 2134 Full Service B&M $68,857
    Rockland Trust Company 231 E Central St Franklin, MA 2038 Full Service B&M $95,638
    Rockland Trust Company 233 Broad St Bridgewater, MA 2324 Full Service B&M $126,268
    Rockland Trust Company 2420 Cranberry Highway West Wareham, MA 2576 Full Service B&M $87,121
    Rockland Trust Company 257 Edgartown Road Vineyard Haven, MA 2568 Full Service B&M $46,095
    Rockland Trust Company 257 Upper Main Street Edgartown, MA 2539 Full Service B&M $48,752
    Rockland Trust Company 264 Nantasket Avenue Hull, MA 2045 Full Service B&M $61,606
    Rockland Trust Company 264 Washington Street Brookline, MA 2445 Full Service B&M $59,884
    Rockland Trust Company 27 Bay Road At Hall's Corner Duxbury, MA 2332 Full Service B&M $133,203
    Rockland Trust Company 27 Melrose Street Melrose, MA 2176 Full Service B&M $78,129
    Rockland Trust Company 270 Mystic Avenue Medford, MA 2155 Full Service B&M $39,132
    Rockland Trust Company 272 Columbia Road Hanover, MA 2339 Full Service B&M $159,777
    Rockland Trust Company 275 Main Street Woburn, MA 1801 Full Service B&M $111,845
    Rockland Trust Company 275 New State Hwy, Rt 44 Raynham, MA 2767 Full Service B&M $130,220
    Rockland Trust Company 288 Union Street Rockland, MA 2370 Full Service B&M $721,432
    Rockland Trust Company 290 Kingstown Way Duxbury, MA 2332 Limited, Mobile/Seasonal Office $7,806
    Rockland Trust Company 2995 Cranberry Hwy East Wareham, MA 2538 Full Service B&M $93,393
    Rockland Trust Company 30 South Main Street Middleboro, MA 2346 Full Service B&M $123,421
    Rockland Trust Company 300 East Main Street Milford, MA 1757 Full Service B&M $108,723
    Rockland Trust Company 301 Grove Street Worcester, MA 1605 Full Service B&M $10,587
    Rockland Trust Company 301 Quincy Avenue Quincy, MA 2169 Full Service B&M $120,866
    Rockland Trust Company 31 Webster Square Marshfield, MA 2050 Full Service B&M $214,067
    Rockland Trust Company 32 Long Pond Road Plymouth, MA 2360 Full Service B&M $102,401
    Rockland Trust Company 333 Cotuit Road Sandwich, MA 2563 Full Service B&M $66,196
    Rockland Trust Company 381 Centre Ave Abington, MA 2351 Full Service B&M $83,852
    Rockland Trust Company 397 East Falmouth Highway East Falmouth, MA 2536 Full Service B&M $78,054
    Rockland Trust Company 399 Highland Avenue Somerville, MA 2144 Full Service B&M $75,608
    Rockland Trust Company 4 North Main Street Bellingham, MA 2019 Full Service B&M $123,692
    Rockland Trust Company 40 Austin Street Newtonville, MA 2460 Full Service B&M $84,016
    Rockland Trust Company 405 Washington Street Braintree, MA 2184 Full Service B&M $201,086
    Rockland Trust Company 428 Station Avenue South Yarmouth, MA 2664 Full Service B&M $64,473
    Rockland Trust Company 434 Plymouth St Halifax, MA 2338 Full Service B&M $87,234
    Rockland Trust Company 435 Market St Brighton, MA 2135 Full Service B&M $150,830
    Rockland Trust Company 470 Liberty St Hanson, MA 2341 Full Service B&M $96,228
    Rockland Trust Company 480 Adams Street Milton, MA 2186 Full Service B&M $60,956
    Rockland Trust Company 485 Belmont Street Brockton, MA 2301 Full Service B&M $183,982
    Rockland Trust Company 490 Pleasant St Attleboro, MA 2703 Full Service B&M $183,112
    Rockland Trust Company 495 Hancock Street Quincy, MA 2171 Full Service B&M $55,492
    Rockland Trust Company 5 Shellback Way Mashpee, MA 2649 Full Service B&M $99,551
    Rockland Trust Company 57 Circuit Avenue Oak Bluffs, MA 2557 Full Service B&M $26,508
    Rockland Trust Company 57 West Bay Road Osterville, MA 2655 Full Service B&M $49,928
    Rockland Trust Company 58 Main Street Franklin, MA 2038 Full Service B&M $169,391
    Rockland Trust Company 608 Washington Street Stoughton, MA 2072 Full Service B&M $169,681
    Rockland Trust Company 61 Lenox St Norwood, MA 2062 Full Service B&M $154,707
    Rockland Trust Company 655 Main Street Chatham, MA 2633 Full Service B&M $56,353
    Rockland Trust Company 692 Bedford St Whitman, MA 2382 Full Service B&M $78,562
    Rockland Trust Company 70 Main Street Orleans, MA 2653 Full Service B&M $61,769
    Rockland Trust Company 725 Centre Street Jamaica Plain, MA 2130 Full Service B&M $34,969
    Rockland Trust Company 728 State Road Manomet, MA 2345 Full Service B&M $94,934
    Rockland Trust Company 741 Providence Highway Dedham, MA 2026 Full Service B&M $87,618
    Rockland Trust Company 75 Huttelson Ave Fairhaven, MA 2719 Full Service B&M $169,207
    Rockland Trust Company 75 Moody Street Waltham, MA 2453 Full Service B&M $137,327
    Rockland Trust Company 76 North Street Medfield, MA 2052 Full Service B&M $103,954
    Rockland Trust Company 765 Main Street Hyannis, MA 2601 Full Service B&M $177,527
    Rockland Trust Company 768 Robeson Street Fall River, MA 2720 Full Service B&M $72,065
    Rockland Trust Company 77 Front Street Scituate, MA 2066 Full Service B&M $84,880
    Rockland Trust Company 773 Chief Justice Cushing Hwy Cohasset, MA 2025 Full Service B&M $93,754
    Rockland Trust Company 78 County Road North Falmouth, MA 2556 Full Service B&M $63,315
    Rockland Trust Company 8 Richards Rd Plymouth, MA 2360 Full Service Cyber Office $44,331
    Rockland Trust Company 833 Ashley Boulevard New Bedford, MA 2745 Full Service B&M $80,157
    Rockland Trust Company 84 North Main Street Randolph, MA 2368 Full Service B&M $113,660
    Rockland Trust Company 855 Brayton Avenue Fall River, MA 2721 Full Service B&M $77,621
    Rockland Trust Company 87 Seaport Boulevard Boston, MA 2210 Full Service B&M $42,672
    Rockland Trust Company 88 Montvale Avenue Woburn, MA 1801 Limited, Mobile/Seasonal Office $702
    Rockland Trust Company 93 Franklin Street Boston, MA 2110 Full Service B&M $36,724
    Rockland Trust Company 932 Main St, Route 28 West Dennis, MA 2670 Full Service B&M $69,289
    Rockland Trust Company 94 Court Street Plymouth, MA 2360 Full Service B&M $69,124
    Rockland Trust Company One Pilgrim Hill Road Plymouth, MA 2360 Full Service B&M $229,213

    For 2020, Rockland Trust Company had 98 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $406,797
    Net interest income $377,887
    Total noninterest income $105,061
    Gross Fiduciary activities income $27,157
    Service charges on deposit accounts $15,799
    Trading account gains and fees $12,755
    Additional Noninterest Income $49,350
    Pre-tax net operating income $157,536
    Securities gains (or losses, -) $688
    Income before extraordinary items $125,056
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $125,056
    Minority interest net income $0
    Net income $125,056
    Sale, conversion, retirement of capital stock, net $4,123
    Net operating income $124,512

    Rockland Trust Company's gross interest income from loans was $406,797,000.
    Rockland Trust Company's net interest income from loans was $377,887,000.
    Rockland Trust Company's fee based income from loans was $15,799,000.
    Rockland Trust Company's net income from loans was $125,056,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $28,910
    Provision for credit losses $52,500
    Total noninterest expense $272,912
    Salaries and employee benefits $153,336
    Premises and equipment expense $39,377
    Additional noninterest expense $80,199
    Applicable income taxes $33,168
    Net charge-offs $6,868
    Cash dividends $165,987

    Rockland Trust Company's interest expense for loans was $28,910,000.
    Rockland Trust Company's payroll and benefits expense were $153,336,000.
    Rockland Trust Company's property, plant and equipment expenses $39,377,000.

    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 $11,094,946
    Deposits held in domestic offices $11,094,946
    Deposits by Individuals, partnerships, and corporations $10,229,054
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $850,187
    Deposits by Commercial banks and other depository institutions in U.S. $15,705
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $264,347
    Demand deposits $264,347
    Nontransaction accounts $10,830,599
    Money market deposit accounts (MMDAs) $8,361,553
    Other savings deposits (excluding MMDAs) $1,518,394
    Total time deposits $950,652
    Total time and savings deposits $10,830,599
    Noninterest-bearing deposits $3,909,607
    Interest-bearing deposits $7,185,339
    Retail deposits $10,892,699
    IRAs and Keogh plan accounts $162,585
    Brokered deposits $6,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $13,203,227
    Cash & Balances due from depository institutions $1,296,726
    Interest-bearing balances $1,127,176
    Total securities $1,159,479
    Federal funds sold & reverse repurchase $0
    Net loans and leases $9,337,578
    Loan and leases loss allowance $113,392
    Trading account assets $134,425
    Bank premises and fixed assets $164,552
    Other real estate owned $0
    Goodwill and other intangibles $531,677
    All other assets $578,790

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $13,203,227
    Total Liabilities $11,443,733
    Total deposits $11,094,946
    Interest-bearing deposits $7,185,339
    Deposits held in domestic offices $11,094,946
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $131,567
    Other borrowed funds $35,741
    Subordinated debt $0
    All other liabilities $181,479

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $9,337,578
    Loan and leases loss allowance $113,392
    Total loans and leases (domestic) $9,450,970
    All real estate loans $7,191,797
    Real estate loans in domestic offices $7,191,797
    Construction and development loans $620,129
    Residential 1-4 family construction $164,890
    Other construction, all land development and other land $455,239
    Loans secured by nonfarm nonresidential properties $3,137,549
    Nonfarm nonresidential secured by owner-occupied properties $770,712
    Commercial real estate & other non-farm, non-residential $2,366,837
    Multifamily residential real estate $605,165
    1-4 family residential loans $2,824,783
    Farmland loans $4,171
    Loans held in foreign offices $0
    Farm loans $14,395
    Commercial and industrial loans $2,038,268
    To non-U.S. addressees $0
    Loans to individuals $20,969
    Credit card loans $0
    Related Plans $12,078
    Consumer Auto Loans $4,361
    Other loans to individuals $4,530
    All other loans & leases $185,541
    Loans to foreign governments and official institutions $0
    Other loans $79,769
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $4,221
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $16,821
    Non 1-4 family restructured loans & leases $5,252
    Total loans and leases (foreign) $0

    Rockland Trust Company had $9,337,578,000 of loans outstanding in 2020. $7,191,797,000 of loans were in real estate loans. $620,129,000 of loans were in development loans. $605,165,000 of loans were in multifamily mortgage loans. $2,824,783,000 of loans were in 1-4 family mortgage loans. $14,395,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,361,000 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 1,931 $607,952 $314,838
    Nonfarm, nonresidential loans - <$100k 111 $3,692 $33,261
    Nonfarm, nonresidential loans - $100-250k 484 $64,132 $132,504
    Nonfarm, nonresidential loans - $250k-1MM 1,336 $540,128 $404,287
    Commercial & Industrial, US addressed loans - <$1MM 14,620 $933,895 $63,878
    Commercial & Industrial, US addressed loans - <$100k 12,086 $315,940 $26,141
    Commercial & Industrial, US addressed loans - $100-250k 1,414 $198,467 $140,359
    Commercial & Industrial, US addressed loans - $250k-1MM 1,120 $419,488 $374,543
    Farmland loans - <$1MM 11 $1,740 $158,182
    Farmland loans - <$100k 1 $77 $77,000
    Farmland loans - $100-250k 6 $814 $135,667
    Farmland loans - $250k-1MM 4 $849 $212,250
    Agriculture operations loans - <$1MM 143 $6,273 $43,867
    Agriculture operations loans - <$100k 116 $2,261 $19,491
    Agriculture operations loans - $100-250k 25 $3,280 $131,200
    Agriculture operations loans - $250k-1MM 2 $732 $366,000