updated 1/31/2011 7:46:16 PM ET 2011-02-01T00:46:16

BOSTON, Jan. 31, 2011 (GLOBE NEWSWIRE) -- Meridian Interstate Bancorp, Inc. (the "Company" or "Meridian") (Nasdaq:EBSB), the holding company for East Boston Savings Bank (the "Bank"), announced net income of $4.3 million, or $0.20 per share (basic and diluted), for the quarter ended December 31, 2010 compared to $2.0 million or $.09 per share (basic and diluted), for the quarter ended December 31, 2009. For the year ended December 31, 2010, net income was $13.4 million, or $0.61 per share (basic and diluted) compared to net income of $3.8 million, or $0.17 per share (basic and diluted), for the year ended December 31, 2009. The quarter and year ended December 31, 2010 reflects combined results following the acquisition of Mt. Washington Cooperative Bank ("Mt. Washington") on January 4, 2010.

During the quarter ended December 31, 2010, the Company realized a $386,000 reduction of the costs of $3.1 million recorded in the quarter ended September 30, 2010 related to termination of the contract with Mt. Washington's data processing services provider in October 2010. The resulting pre-tax charge was $2.7 million with the after tax impact reducing net income by $1.6 million, or $0.07 per share (basic and diluted), for the year ended December 31, 2010.

Richard J. Gavegnano, Chairman and Chief Executive Officer, noted, "We are extremely proud to report net income of $4.3 million, or $0.20 per share, for the fourth quarter and $13.4 million, or $0.61 per share, for the full year of 2010. These results show that we have been able to maintain high net interest margins in the current low rate environment while meeting a growing demand for our loan and deposit products. We expanded our Boston area franchise with two new branches this month, a Mt. Washington branch in the West Roxbury section of Boston and a second East Boston Savings Bank branch in the City of Revere. A third new branch is set to open mid-year in Boston's South End. With increasing signs that the economic climate of our market areas will continue to stabilize and improve in 2011, we believe the Bank is well positioned to take advantage of various opportunities to enhance shareholder value, increase our market share and grow the Bank. These opportunities may include additional stock repurchases and the evaluation of potential mergers, strategic alliances and partnerships."

Net interest income increased $4.3 million, or 40.8%, to $15.0 million for the quarter ended December 31, 2010 from $10.6 million for the quarter ended December 31, 2009. The net interest rate spread and net interest margin were 3.34% and 3.52%, respectively, for the quarter ended December 31, 2010 compared to 3.41% and 3.73%, respectively, for the quarter ended December 31, 2009. For the year ended December 31, 2010, net interest income increased $24.7 million, or 68.2%, to $61.0 million from $36.3 million for the year ended December 31, 2009. The net interest rate spread and net interest margin were 3.62% and 3.80%, respectively, for the year ended December 31, 2010 compared to 2.95% and 3.34%, respectively, for the year ended December 31, 2009. The increases in net interest income were due primarily to the Mt. Washington merger and organic loan growth, along with declines in interest costs of deposits and borrowings.

The average balance of the Company's loan portfolio, which is principally comprised of real estate loans, increased $416.5 million, or 54.2%, to $1.2 billion, which was partially offset by the decline in the yield on loans of 17 basis points to 5.69% for the year ended December 31, 2010 compared to the year ended December 31, 2009. The Company's cost of deposits declined 82 basis points to 1.39%, which was partially offset by the increase in the average balance of interest-bearing deposits of $421.8 million, or 50.6%, to $1.3 billion for the year ended December 31, 2010 compared to the year ended December 31, 2009. The Company's yield on interest-earning assets decreased 11 basis points to 5.11% for the year ended December 31, 2010 compared to 5.22% for the year ended December 31, 2009, while the cost of interest-bearing liabilities declined 78 basis points to 1.49% for the year ended December 31, 2010 compared to 2.27% for the year ended December 31, 2009.

The Company's provision for loan losses was $936,000 for the quarter ended December 31, 2010 compared to $2.3 million for the quarter ended December 31, 2009. For the year ended December 31, 2010, the provision for loan losses was $3.2 million compared to $4.1 million for the year ended December 31, 2009. These changes were based primarily on management's assessment of loan portfolio growth and composition changes, an ongoing evaluation of credit quality and current economic conditions. The allowance for loan losses was $10.2 million or 0.86% of total loans outstanding at December 31, 2010, compared to $9.2 million, or 1.12% of total loans outstanding at December 31, 2009. The decrease in the ratio of the allowance for loan losses to total loans outstanding was primarily due to $345.3 million of loans acquired in the Mt. Washington merger at fair value and the application of current accounting guidance that precludes the combination of allowance for loan loss amounts associated with such loans acquired.

Non-performing loans increased to $43.1 million, or 3.64% of total loans outstanding at December 31, 2010, from $21.7 million, or 2.63% of total loans outstanding at December 31, 2009. Non-performing assets increased to $47.2 million, or 2.57% of total assets, at December 31, 2010, from $24.6 million, or 2.03% of total assets, at December 31, 2009, primarily due to assets acquired in the Mt. Washington acquisition. Non-performing assets at December 31, 2010 were comprised of $15.4 million of construction loans, $11.5 million of commercial real estate loans, $11.5 million of one-to four-family mortgage loans, $2.2 million of multi-family mortgage loans, $2.4 million of home equity loans, $169,000 of commercial business loans and foreclosed real estate of $4.1 million. Non-performing assets at December 31, 2010 included $16.8 million acquired in the Mt. Washington merger, comprised of $14.7 million of non-performing loans and $2.1 million of foreclosed real estate.

Non-interest income increased $1.6 million, or 78.0%, to $3.7 million for the quarter ended December 31, 2010 from $2.1 million for the quarter ended December 31, 2009, primarily due to increases of $873,000 in gain on sales of securities, $602,000 in gain on sales of loans and $467,000 in customer service fees. For the year ended December 31, 2010, non-interest income increased $6.4 million, or 121.4%, to $11.7 million from $5.3 million for the year ended December 31, 2009, primarily due to increases of $2.6 million in customer service fees, $1.9 million in gain on sales of securities, $1.3 million in gain on sales of loans and $429,000 from other-than-temporary impairment losses recorded in the prior year. The increases in customer service fees were primarily due to service charges on deposit relationships acquired in the Mt. Washington merger and additional growth in deposits. The increases in gain on sales of securities reflected sales totaling $4.7 million during the quarter ended December 31, 2010 of certain securities acquired in the Mt. Washington merger for a net gain of $953,000 and sales totaling $6.6 million during the year ended December 31, 2010 of other securities for a net gain of $485,000. The increases in gain on sales of loans reflected higher gains on sales of loans originated for sale during the year ended December 31, 2010 and gains totaling $352,000 on sales of fixed-rate bi-weekly mortgage loans during the first quarter of 2010.

Non-interest expense increased $4.0 million, or 57.3%, to $11.1 million for the quarter ended December 31, 2010 from $7.0 million for the quarter ended December 31, 2009, primarily due to increases of $484,000 in recurring data processing costs, $1.9 million in salaries and employee benefits and $697,000 in occupancy and equipment expenses. For the year ended December 31, 2010, non-interest expense increased $17.2 million, or 54.6%, to $48.8 million from $31.6 million for the year ended December 31, 2009, primarily due to the $2.7 million charge related to termination of the contract with Mt. Washington's data processing services provider and increases of $1.4 million in recurring data processing costs, $7.0 million in salaries and employee benefits, $2.6 million in occupancy and equipment expenses, $727,000 in marketing and advertising, $446,000 in professional services and $1.9 million in other general and administrative expenses. The increases in non-interest expenses were primarily due to higher expense levels following the Mt. Washington merger. The Company's efficiency ratio was 64.92% for the quarter ended December 31, 2010, excluding the reduction to the charge to terminate Mt. Washington's data processing contract and securities gains, compared to 55.98% for the quarter ended December 31, 2009. For the year ended December 31, 2010, the efficiency ratio improved to 65.00%, excluding the charge to terminate Mt. Washington's data processing contract, from 74.88% for the year ended December 31, 2009.

The Company agreed to revised contract terms with its current data processing services provider during the quarter ended September 30, 2010 that included provisions for the conversion of Mt. Washington's accounts from their data processing services provider as completed in October 2010. As a result of these revised contract terms and the termination of Mt. Washington's prior data processing services contract, the Company expects to realize significant data processing cost savings in subsequent periods.

Mr. Gavegnano noted, "We are able to report an efficiency ratio of 65% for 2010 despite higher non-interest expense levels during the year following completion of the Mt. Washington acquisition. With the successful conversion of Mt. Washington's accounts to our core systems now behind us, we expect to realize even greater synergies between the East Boston Savings Bank and Mt. Washington divisions that will enable us to grow revenue and further improve operating efficiencies in 2011 and beyond."

The Company recorded a provision for income taxes of $2.3 million for the quarter ended December 31, 2010, reflecting an effective tax rate of 35.3%, compared to $1.4 million, or 40.4%, for the quarter ended December 31, 2009. For the year ended December 31, 2010, the provision for income taxes was $7.4 million, reflecting an effective tax rate of 35.6%, compared to $2.2 million, or 36.5%, for the year ended December 31, 2009. The increase in the income tax provision was primarily due to taxable income that was higher than tax preference items.

Total assets increased $624.4 million, or 51.5%, to $1.8 billion at December 31, 2010 from $1.2 billion at December 31, 2009, reflecting $465.0 million of assets acquired in the Mt. Washington merger. Cash and cash equivalents increased $135.5 million to $155.5 million at December 31, 2010 from $20.0 million at December 31, 2009, including $14.4 million of cash acquired in the Mt. Washington merger. Securities available for sale increased $67.2 million, or 22.9%, to $360.6 million at December 31, 2010 from $293.4 million at December 31, 2009, including $45.5 million of securities acquired in the Mt. Washington merger. Net loans increased $360.3 million, or 44.3%, to $1.2 billion at December 31, 2010 from $813.3 million at December 31, 2009, primarily due to $345.3 million of loans acquired in the Mt. Washington merger, partially offset by sales of fixed-rate bi-weekly mortgage loans totaling $34.1 million in the first quarter of 2010.

Total deposits increased $532.7 million, or 57.8%, to $1.5 billion at December 31, 2010 from $922.5 million at December 31, 2009, reflecting $380.4 million of deposits acquired in the Mt. Washington merger along with organic deposit growth of $152.3 million. Total borrowings increased $73.3 million, or 97.2%, to $148.7 million at December 31, 2010 from $75.4 million at December 31, 2009, reflecting $80.9 million of Federal Home Loan Bank advances acquired in the Mt. Washington merger.

Total stockholders' equity increased $15.2 million, or 7.6%, to $215.6 million at December 31, 2010, from $200.4 million at December 31, 2009, due primarily to $13.4 million in net income and a $2.5 million increase in accumulated other comprehensive income reflecting an increase in the fair value of available for sale securities, net of tax. Stockholders' equity to assets was 11.74% at December 31, 2010, compared to 16.54% at December 31, 2009, reflecting the increase in assets resulting from the Mt. Washington merger. Book value per share increased to $9.59 at December 31, 2010 from $9.07 at December 31, 2009. Tangible book value per share decreased to $8.98 at December 31, 2010 from $9.07 at December 31, 2009, primarily due to goodwill resulting from the Mt. Washington merger. Market price per share increased $3.09, or 35.5%, to $11.79 at December 31, 2010 from $8.70 at December 31, 2009. At December 31, 2010, the Company and the Bank continued to exceed all regulatory capital requirements.

As of December 31, 2010, the Company had repurchased 188,827 shares of its stock at an average price of $11.07 per share as included in treasury stock, or 40.0% of the 472,428 shares authorized for repurchase under the Company's third stock repurchase program announced on April 9, 2010. The Company has repurchased 1,120,327 shares since December 31, 2008.

Meridian Interstate Bancorp, Inc. is the holding company for East Boston Savings Bank. East Boston Savings Bank is a Massachusetts-chartered stock savings bank that operates from 22 full service locations in the greater Boston metropolitan area.  East Boston Savings Bank was originally founded in 1848.  We offer a variety of deposit and loan products to individuals and businesses located in our primary market, which consists of Essex, Middlesex and Suffolk Counties, Massachusetts. For additional information, visit www.ebsb.com.

Forward Looking Statements

Certain statements herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "believes," "will," "expects," "project," "may," "could," "developments," "strategic," "launching," "opportunities," "anticipates," "estimates," "intends," "plans," "targets" and similar expressions. These statements are based upon the current beliefs and expectations of Meridian Interstate Bancorp, Inc.'s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, general economic conditions, changes in interest rates, regulatory considerations, and competition and the risk factors described in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, Meridian Interstate Bancorp, Inc.'s actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.

MERIDIAN INTERSTATE BANCORP, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Unaudited)
 
  December 31, December 31,
(Dollars in thousands) 2010 2009
ASSETS
Cash and due from banks  $ 155,430  $ 9,010
Federal funds sold  63  10,956
Total cash and cash equivalents  155,493  19,966
     
Certificates of deposit - affiliate bank  --  3,000
Securities available for sale, at fair value  360,602  293,367
Federal Home Loan Bank stock, at cost  12,538  4,605
Loans held for sale   13,013  955
     
Loans  1,183,717  822,542
Less allowance for loan losses  (10,155)  (9,242)
Loans, net  1,173,562  813,300
     
Bank-owned life insurance  33,829  23,721
Foreclosed real estate, net  4,080  2,869
Investment in affiliate bank  11,497  11,005
Premises and equipment, net  34,425  23,195
Accrued interest receivable  7,543  6,231
Prepaid deposit insurance  3,026  5,114
Deferred tax asset, net  7,926  1,523
Goodwill  13,687  --
Other assets  4,609  2,535
Total assets  $ 1,835,830  $ 1,211,386
     
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:    
Non interest-bearing  $ 111,423  $ 63,606
Interest-bearing  1,343,792  858,869
Total deposits  1,455,215  922,475
     
Short-term borrowings - affiliate bank  1,949  3,102
Short-term borrowings - other  10,037  22,108
Long-term debt  136,697  50,200
Accrued expenses and other liabilities  16,321  13,086
Total liabilities  1,620,219  1,010,971
     
Stockholders' equity:    
Common stock, no par value 50,000,000 shares authorized; 23,000,000 shares issued   --  --
Additional paid-in capital  97,005  100,972
Retained earnings  122,563  109,189
Accumulated other comprehensive income  8,038  5,583
Treasury stock, at cost, 192,218 and 517,500 shares at December 31, 2010 and 2009, respectively  (2,121)  (4,535)
Unearned compensation - ESOP, 703,800 and 745,200 shares at December 31, 2010 and 2009, respectively  (7,038)  (7,452)
Unearned compensation - restricted shares, 326,905 and 383,935 at December 31, 2010 and 2009, respectively  (2,836)  (3,342)
Total stockholders' equity  215,611  200,415
Total liabilities and stockholders' equity  $ 1,835,830  $ 1,211,386
         
MERIDIAN INTERSTATE BANCORP, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(Unaudited)
         
  Three Months Ended December 31,  Years Ended December 31,
(Dollars in thousands, except per share amounts) 2010 2009 2010 2009
Interest and dividend income:        
Interest and fees on loans  $ 16,929  $ 11,879  $ 67,459  $ 45,050
Interest on debt securities   3,176  2,750  13,467  10,432
Dividends on equity securities  258  227  923  1,071
Interest on certificates of deposit  --  17  42  89
Interest on other interest-earning assets  84  2  168  25
Total interest and dividend income  20,447  14,875  82,059  56,667
         
Interest expense:        
Interest on deposits   4,580  3,781  17,444  18,386
Interest on short-term borrowings  8  14  63  61
Interest on long-term debt  884  444  3,533  1,945
Total interest expense  5,472  4,239  21,040  20,392
         
Net interest income  14,975  10,636  61,019  36,275
Provision for loan losses   936  2,274  3,181  4,082
Net interest income, after provision for loan losses  14,039  8,362  57,838  32,193
         
Non-interest income:        
Customer service fees  1,364  897  5,823  3,219
Loan fees  100  147  636  584
Gain on sales of loans, net  738  136  1,811  560
Other-than-temporary impairment losses on securities  --  --  --  (429)
Gain (loss) on sales of securities, net  1,005  132  1,790  (158)
Income from bank-owned life insurance  304  220  1,169  890
Equity income on investment in affiliate bank  171  537  492  629
Total non-interest income  3,682  2,069  11,721  5,295
         
Non-interest expenses:        
Salaries and employee benefits   6,136  4,227  25,716  18,726
Occupancy and equipment   1,438  741  5,646  3,056
Data processing  918  434  3,200  1,752
Data processing contract termination cost (income)  (386)  --  2,689  --
Marketing and advertising  549  307  1,968  1,241
Professional services  503  462  2,443  1,997
Foreclosed real estate (income) expense, net  184  (120)  488  373
Deposit insurance  580  366  2,250  1,879
Other general and administrative   1,151  621  4,404  2,542
Total non-interest expenses  11,073  7,038  48,804  31,566
         
Income before income taxes  6,648  3,393  20,755  5,922
         
Provision for income taxes  2,347  1,372  7,381  2,159
         
Net income  $ 4,301  $ 2,021  $ 13,374  $ 3,763
         
Income per share:        
Basic  $ 0.20  $ 0.09  $ 0.61  $ 0.17
Diluted  $ 0.20  $ 0.09  $ 0.61  $ 0.17
         
Weighted average shares:        
Basic  21,998,757  21,680,522  22,072,047  21,820,860
Diluted  22,014,612  21,680,522  22,081,005  21,820,860
             
MERIDIAN INTERSTATE BANCORP, INC. AND SUBSIDIARIES
Net Interest Income Analysis
(Unaudited)
             
  For the Three Months Ended December 31,
  2010 2009
(Dollars in thousands) Average Balance Interest Yield/ Cost (4) Average Balance Interest Yield/ Cost (4)
Assets:            
Interest-earning assets:            
 Loans (1)  $ 1,213,440  $ 16,929 5.54%  $ 808,361  $ 11,879 5.83%
 Securities and certificates of deposit  351,433  3,434 3.88  306,030  2,994 3.88
 Other interest-earning assets   121,357  84 0.27  15,759  2 0.05
 Total interest-earning assets  1,686,230  20,447 4.81 1,130,150  14,875 5.22
             
Noninterest-earning assets  129,828     73,519    
 Total assets   $ 1,816,058      $ 1,203,669    
             
Liabilities and stockholders' equity:            
Interest-bearing liabilities:            
 NOW deposits   $ 132,785  146 0.44%  $ 38,890  19 0.19%
 Money market deposits   317,915  830 1.04  246,875  771 1.24
 Savings and other deposits   186,904  255 0.54  130,435  198 0.60
 Certificates of deposit   682,829  3,349 1.95  444,734  2,793 2.49
 Total interest-bearing deposits  1,320,433  4,580 1.38 860,934  3,781 1.74
             
 FHLB advances and other borrowings  153,349  892 2.31  68,981  458 2.63
             
 Total interest-bearing liabilities   1,473,782  5,472 1.47  929,915  4,239 1.81
             
 Noninterest-bearing demand deposits   117,436      63,637    
 Other noninterest-bearing liabilities  9,403     9,533    
 Total liabilities   1,600,621      1,003,085    
             
 Total stockholders' equity   215,437      200,584    
 Total liabilities and stockholders' equity   $ 1,816,058      $ 1,203,669    
             
 Net interest-earning assets  $ 212,448      $ 200,235    
 Net interest income     $ 14,975      $ 10,636  
 Interest rate spread (2)     3.34%     3.41%
 Net interest margin (3)     3.52%     3.73%
 Average interest-earning assets to average interest-bearing liabilities   114.42%     121.53%  
             
(1) Loans on non-accrual status are included in average balances. 
(2) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities.
(3) Net interest margin represents net interest income divided by average interest-earning assets.    
(4) Annualized.            
             
MERIDIAN INTERSTATE BANCORP, INC. AND SUBSIDIARIES
Net Interest Income Analysis
(Unaudited)
             
  For the Years Ended December 31,
  2010 2009
(Dollars in thousands) Average Balance Interest Yield/ Cost Average Balance Interest Yield/ Cost
Assets:            
Interest-earning assets:            
 Loans (1)  $ 1,184,816  $ 67,459 5.69%  $ 768,278  $ 45,050 5.86%
 Securities and certificates of deposit  350,038  14,432 4.12  291,372  11,592 3.98
 Other interest-earning assets   72,136  168 0.23  25,883  25 0.10
 Total interest-earning assets  1,606,990  82,059 5.11 1,085,533  56,667 5.22
             
Noninterest-earning assets  131,756     78,776    
 Total assets   $ 1,738,746      $ 1,164,309    
             
Liabilities and stockholders' equity:            
Interest-bearing liabilities:            
 NOW deposits   $ 117,584  540 0.46%  $ 37,838  128 0.34%
 Money market deposits   308,756  3,447 1.12  231,248  3,956 1.71
 Savings and other deposits   184,287  1,011 0.55  127,621  1,026 0.80
 Certificates of deposit   644,181  12,446 1.93  436,341  13,276 3.04
 Total interest-bearing deposits  1,254,808  17,444 1.39 833,048  18,386 2.21
             
 FHLB advances and other borrowings  154,123  3,596 2.33  65,884  2,006 3.04
             
 Total interest-bearing liabilities   1,408,931  21,040 1.49  898,932  20,392 2.27
             
 Noninterest-bearing demand deposits   106,549      61,342    
 Other noninterest-bearing liabilities  13,798     10,149    
 Total liabilities   1,529,278      970,423    
             
 Total stockholders' equity   209,468      193,886    
 Total liabilities and stockholders' equity   $ 1,738,746      $ 1,164,309    
             
 Net interest-earning assets  $ 198,059      $ 186,601    
 Net interest income     $ 61,019      $ 36,275  
 Interest rate spread (2)     3.62%     2.95%
 Net interest margin (3)     3.80%     3.34%
Average interest-earning assets to average interest-bearing liabilities    114.06%     120.76%  
             
(1) Loans on non-accrual status are included in average balances. 
(2) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities.
(3) Net interest margin represents net interest income divided by average interest-earning assets.    
         
MERIDIAN INTERSTATE BANCORP, INC. AND SUBSIDIARIES
Selected Financial Highlights
(Unaudited)
         
  At or For the Three Months Ended At or For the Years Ended
  December 31, December 31,
   2010 2009 2010 2009
         
Key Performance Ratios        
Return on average assets (1) 0.95% 0.67% 0.77% 0.32%
Return on average equity (1)  7.99  4.03  6.38  1.94
Stockholders' equity to total assets  11.74  16.54  11.74  16.54
Interest rate spread (1) (2)  3.34  3.41  3.62  2.95
Net interest margin (1) (3)  3.52  3.73  3.80  3.34
Noninterest expense to average assets (1)  2.44  2.34  2.81  2.71
Efficiency ratio (4)  64.92  55.98  65.00  74.88
         
  December 31,    
  2010 2009    
         
Asset Quality Ratios        
Allowance for loan losses/total loans 0.86% 1.12%    
Allowance for loan losses/ nonperforming loans 23.54 42.59    
         
Non-performing loans/total loans 3.64 2.63    
Non-performing loans/total assets 2.35 1.79    
Non-performing assets /total assets 2.57 2.03    
         
Share Related        
Book value per share   $ 9.59  $ 9.07    
Tangible book value per share   $ 8.98  $ 9.07    
Market value per share  $ 11.79  $ 8.70    
Shares outstanding 22,480,877 22,098,565    
         
(1) Annualized.
(2) Interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities.
(3) Net interest margin represents net interest income divided by average interest-earning assets.
(4) The efficiency ratio represents non-interest expense excluding data processing contract termination costs, divided by the sum of net interest income and non-interest income excluding gains or losses on securities.
CONTACT: Richard J. Gavegnano, Chairman and Chief Executive Officer
         (978) 977-2211

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Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
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