Applications / Mortgage Analytics / Lenders / Massachusetts / Charles River Bank
Medway, MA · State member bank · FRS · $322 million assets · 35 loans in 2025
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35
loans originated, 2025
66
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Charles River Bank, a Medway, Massachusetts bank founded in 1915 as a co-operative bank, now makes about three dozen mortgages a year, split almost evenly between home purchases and refinancing.
Purchases made up 45.7% of its 35 loans in 2025, refinances 42.9% and home improvement 11.4%. Every loan was conventional, as at similar lenders (state member banks making between half and twice as many loans). Borrowers with low or moderate incomes took 20.0% of its loans, against 23.1% at similar lenders, a little below the middle of the group.
It made 35 loans in 2025, down 5% from 37 in 2024, while similar lenders held level and the whole market grew 10%. In 2020 it made 327. Volume has fallen every year since, and the figures do not say why.
It has reported since 1992 in each of its three largest markets. In Worcester it ranked 126 of 451 lenders with 0.1% of the dollars, the same as in 2024; Rocket Mortgage leads there. Its largest market is Boston-Cambridge-Newton, where it ranked 303 of 664 and Citizens Bank leads.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Charles River Bank took 66 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 45.7% · Refinance 42.9% · Home improvement 11.4%
Conventional 100.0% · of 35 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 33 | 94.3% |
| Rhode Island | 2 | 5.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Boston | 13 |
| Worcester | 13 |
| Providence-Warwick | 5 |
| Cambridge-Newton-Framingham | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900639EOJ1QZC2567 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 947776 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 326602 | 1992–2006 |
| Respondent ID (the HMDA filer code before 2018) | 2947776 | 2007–2017 |
Established 1 January 1915. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Charles River Bank's data.
Charles River Bank's data
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Charles River Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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