Berkshire Bank

Established in 1846

About Berkshire Bank

Berkshire Bank was established on 1846. The bank's headquarters are located at 24 North Street in Pittsfield, Massachusetts. It has 5 branches.

Berkshire Bank is an FDIC insured bank with FDIC number 23621 managing assets to the value of $12,831,337 as of 12/31/2020.

Berkshire Bank has a Texas ratio of 6.10%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

6.10%
Texas Ratio
FDIC Certificate #

23621

Active Insured Since #

2/1/1982

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $12,831,337
Equity Capital $1,190,644
Total Deposits $10,924,105
Total Liabilities $11,640,693
Total Securities $2,178,574
Net Loans And Leases $8,272,564
Loan Loss Allowance $127,302
Total Loans And Leases $8,399,866
YTD (as of 12/31/2020)
Return On Assets -3.92%
Return On Equity -36.57%
Total Interest Income $409,712
Total Interest Expense $87,012
Total Non Interest Income $59,221
Total Non Interest Expense $805,242

Headquarters

24 North Street 1201, Pittsfield

Berkshire Bank branches near me

308.29 miles
307.55 miles
303.76 miles
179.03 miles

Total Loans and Leases Statistics

Total Loans and Leases $8,399,866 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Berkshire Bank Mortgage Loans Profile

Classic Bank

50.93%

Application Approval Rate

Classic Bank

$226,502

Average Mortgage Loan Amount

Classic Bank

2,863

Number of Loan Applications

Classic Bank

$126,728

Average Income of Applicants with Approved Loans

Classic Bank

1.60%

Average Cost of Loans

Classic Bank

33.79%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Hampden

Number of Loan Applications
281
Average Loan Amount
$134,459
Approval Rate
65.84%
Average Income of Approved Loans’ Applicants
$98,244

2 Berkshire

Number of Loan Applications
279
Average Loan Amount
$140,629
Approval Rate
59.86%
Average Income of Approved Loans’ Applicants
$106,189

3 Oneida

Number of Loan Applications
182
Average Loan Amount
$80,376
Approval Rate
51.10%
Average Income of Approved Loans’ Applicants
$68,133

4 Worcester

Number of Loan Applications
159
Average Loan Amount
$170,904
Approval Rate
52.20%
Average Income of Approved Loans’ Applicants
$110,768

5 Hartford

Number of Loan Applications
121
Average Loan Amount
$154,310
Approval Rate
47.93%
Average Income of Approved Loans’ Applicants
$124,964

6 Middlesex

Number of Loan Applications
114
Average Loan Amount
$169,082
Approval Rate
42.98%
Average Income of Approved Loans’ Applicants
$200,447

Top States by Number of Mortgage Loan Applications

1 Massachusetts

Number of Loan Applications
1,155
Average Loan Amount
$161,867
Approval Rate
51.95%
Average Income of Approved Loans’ Applicants
$127,581

2 New York

Number of Loan Applications
746
Average Loan Amount
$207,800
Approval Rate
56.97%
Average Income of Approved Loans’ Applicants
$113,538

3 Connecticut

Number of Loan Applications
437
Average Loan Amount
$161,327
Approval Rate
51.72%
Average Income of Approved Loans’ Applicants
$114,309

4 Maine

Number of Loan Applications
135
Average Loan Amount
$211,000
Approval Rate
3.70%
Average Income of Approved Loans’ Applicants
$410,600

5 Rhode Island

Number of Loan Applications
126
Average Loan Amount
$498,214
Approval Rate
44.44%
Average Income of Approved Loans’ Applicants
$162,164

6 New Jersey

Number of Loan Applications
115
Average Loan Amount
$376,935
Approval Rate
53.91%
Average Income of Approved Loans’ Applicants
$172,172