Cape Ann Savings Bank

Cape Ann Savings Bank is headquartered in Gloucester and is the 66^th largest bank in the state of Massachusetts. It is also the 1,555^th largest bank in the nation. It was established in 1846 and as of December of 2011, it had grown to 61 employees at 3 locations. Cape Ann Savings Bank has a 5-star health rating.

Cape Ann Savings Bank Routing Number: 211370862

Cape Ann Savings Bank Checking Account Rates

Cape Ann Savings Bank Savings Account Rates

Cape Ann Savings Bank Money Market Rates

Cape Ann Savings Bank CD Rates

Cape Ann Savings Bank IRA Rates

Data for Q4 2011

Institution Statistics Cape Ann Savings Bank FDIC Certificate # 90203 BankRate Report View Year Established 1846 Employees 61 Primary Regulator FDIC Assets and Liabilities Assets $425.36 million Loans $220.70 million Deposits $313.21 million Equity Capital $98.28 million Loan Loss Allowance $1.98 million Unbacked Noncurrent Loans $6.67 million Historic Data - December 2010 Assets $421.22 million Equity Capital $95.11 million Loan Loss Allowance $2.08 million Unbacked Noncurrent Loans $7.34 million Profit Margin - Quarterly Net Interest Margin 2.4% Return on Assets 0.53% Return on Equity 2.31% Interest Income $13.49 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Cape Ann Savings Bank had $6.67 million in non-current loans and owned real-estate with $100.26 million in equity and loan loss allowances on hand to cover it. This gives Cape Ann Savings Bank a Texas Ratio of 6.65% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Cape Ann Savings Bank held steady from 7.55% as of December 31, 2010 to 6.65% as of December 31, 2011, resulting in a positive change of 11.88%.This indicates that the balance sheet and financial strength for Cape Ann Savings Bank has held steady in recent periods. Deposit Growth In the past year, Cape Ann Savings Bank has increased its total deposits by $480,000, resulting in 0.15% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Cape Ann Savings Bank has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Cape Ann Savings Bank has $425.36 million in assets with $100.26 million in equity, resulting in a capitalization level of 23.57%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.