Provident Bancorp, Inc. is the holding company of The Provident Bank (The Bank). The Provident Bank is a Massachusetts-chartered stock savings bank. The Company operates from its main office and approximately two branch offices in the Northeastern Massachusetts area and approximately four branch offices in Southeastern New Hampshire, as well as approximately two loan production offices located in Bedford, New Hampshire and Nashua, New Hampshire. The Bank's loan portfolio consists of commercial real estate loans, multi-family residential real estate loans, commercial business loans, construction and land development loans, one- to four-family residential loans, home equity loans and lines of credit, and consumer loans. At March 31, 2015, net loans were approximately $493.5 million, or 74.5% of total assets. As of December 31, 2014, multi-family real estate loans were approximately $26.2 million, or 5.2%, of the Bank's total loan portfolio.