Berkshire Bank (merged into Beacon Bank and Trust)

What sets Berkshire Bank apart

How large is Berkshire Bank?

The balance sheet of Berkshire Bank at Q2 2025: assets $12.0 bn, deposits $10.1 bn, net loans $9.4 bn (loans equal to 92.55% of deposits). Securities make up 9.5% of total assets at Berkshire Bank. Since Q1 2016, when Berkshire Bank held $7.8 bn, its assets grew 54.5%. In the year to Q2 2025, deposits at Berkshire Bank fell 0.3% while its total assets fell 1.5%. At Q2 2025, Berkshire Bank employed 1,158 full-time equivalent staff across 86 offices, about $10.4 mn of assets per employee and $117.9 mn of deposits per office.

How much funding at Berkshire Bank is uninsured?

At Berkshire Bank, uninsured deposits (above the FDIC limit) made up 41.31% of domestic deposits at Q2 2025 (-1.97 pp on a year earlier). In dollars, Berkshire Bank estimated $4.2 bn of uninsured deposits.

Key facts, Q2 2025

US rank of Berkshire Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Berkshire Bank stood at 12.99% in Q2 2025, +0.89 pp year on year. Low and high at Berkshire Bank since Q1 2016: 9.40% (Q2 2016) to 15.05% (Q3 2021). Equity capital of Berkshire Bank at Q2 2025: $1.2 bn, or 9.8% of total assets. Berkshire Bank also reported a total capital ratio of 14.24% for Q2 2025, and a tier 1 leverage ratio of 10.59%.

On held-to-maturity securities, Berkshire Bank carried an unrealized loss of $69.3 mn at Q2 2025, equal to 5.9% of equity capital. The loss narrowed by $7.1 mn over the year. Its deepest point: $99.3 mn in Q3 2023. The available-for-sale portfolio of Berkshire Bank showed an unrealized loss of $123.4 mn at Q2 2025; the loss narrowed by $22.0 mn over the year.

For the year to Q2 2025, Berkshire Bank earned a return on equity of 10.39%; return on assets: 0.99%. Net interest margin at Berkshire Bank: 3.29%, +0.13 pp in a year. Berkshire Bank net income: $60.0 mn, up 730.8% year on year. The efficiency ratio of Berkshire Bank was 59.22%: about 59 cents cost per revenue dollar, against 54 cents at the median peer.

At Q2 2025, noncurrent loans were 0.32% of total loans at Berkshire Bank; net charge-offs: 0.15% of average loans. Gross loans and leases at Berkshire Bank: $9.5 bn at Q2 2025, against $9.3 bn at Q2 2024.

The peer group of Berkshire Bank is the 6 banks nearest to it by total assets at Q2 2025: 3 larger and 3 smaller. Of the peers, 4 share the charter type of Berkshire Bank (state nonmember bank) and 0 have head offices in Massachusetts. Against them, Berkshire Bank shows CET1 ratio 12.99% against a peer median of 14.89%, return on equity 10.39% against a peer median of 12.73% and uninsured deposit share 41.31% against a peer median of 27.40%.

The FDIC history of Berkshire Bank, oldest first; figures before and after each event are not like for like.

1. 3 December 2016. Absorbed First Choice Bank (FDIC certificate 58471).
2. 13 October 2017. Absorbed Commerce Bank & Trust Company (FDIC certificate 17484).
3. 17 May 2019. Absorbed Savings Institute Bank and Trust Company (FDIC certificate 18214).
4. 2 September 2025. Merged into Beacon Bank and Trust (FDIC certificate 17798).