At the end of the second quarter, there were nine less banks in Massachusetts from one year ago and roughly $6 million fewer assets controlled by the remaining 128 banks in the state, according to recently released FDIC data.

However, the return on assets among banks in the state had increased slightly and Massachusetts banks had a marginally higher net interest margin from a year ago.

The median net loans-to-assets ratio among state banks had increased to just over 77 percent, up 3 percent from the second quarter of 2016, while asset quality remained strong.

The median ratio of past current and nonaccrual loans to total loans was up .68 percent from one year ago, compared to the second quarter of 2016 when the ratio had increased .85 percent from 2015.

The number of single-family permits issued in the state was up over 12 percent from one year ago, while multifamily permits were up nearly 50 percent from the second quarter of 2016, when they had declined sharply from the same time in 2015.

Nine Fewer Banks In Massachusetts From One Year Ago

by Bram Berkowitz time to read: 1 min
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