Florence Bank: how it compares with its peers
Against 37 MA banks with half to twice its assets, Florence Bank's strongest measure in Q2 2026 is efficiency ratio (68.27% vs. a 70.92% peer median). Its weakest relative measure is net interest margin (2.85% vs. 3.10%).
| Measure | Florence Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.72% | 0.73% | Middle third Ahead of 49% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.85% | 3.10% | Bottom third Ahead of 24% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 68.27% | 70.92% | Middle third Ahead of 65% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.3M | $10.5M | Bottom third Ahead of 32% of peers |
| Loans to deposits Net loans and leases over total deposits. | 71.00% | 97.57% | Context |
What it means for lending operations
Its efficiency ratio of 68.27% is better than the 70.92% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- TruNorth Bank Easthampton, MA · $2.02B
- The Village Bank Newton, MA · $2.07B
- The Lowell Five Cent Savings Bank Tewksbury, MA · $1.90B
- Fall River Five Cents Savings Bank Fall River, MA · $1.86B
- North Easton Savings Bank South Easton, MA · $1.84B
- Country Bank for Savings Ware, MA · $2.24B
Questions about Florence Bank
How big is Florence Bank?
Florence Bank, established in 1873, is headquartered in Florence, MA. It reported $2.01B in total assets in its Q2 2026 FDIC call report and operates 14 offices.
What is Florence Bank's return on assets?
0.72% annualized in Q2 2026, against a 0.73% median for 37 MA banks with half to twice its assets, ahead of 49% of them.
What is Florence Bank's efficiency ratio?
68.27% in Q2 2026: it spent about 68 cents in noninterest expense for each dollar of revenue. The peer median is 70.92%, and lower is better.
Is Florence Bank growing its loans?
Net loans grew 6.5% over the year to Q2 2026, while deposits grew 6.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Massachusetts bank ranked.