East Cambridge Savings Bank is headquartered in Cambridge and is the 37th largest bank in the state of Massachusetts. It is also the 797th largest bank in the nation. It was established in 1854 and as of March of 2014, it had grown to 153 employees at 9 locations. East Cambridge Savings Bank's savings rates are 54% higher than the national average, and it has a A health rating.
I went into a branch today to open one and they told me that it's for kids only!!! What crap. I claimed false advertising and misleading the public.
This is a great bank, with great customer service. If you ever need assistance, they are easy to talk to, and they make sure they have you satisfied before leaving. The Inman Sq. location in Cambridge is the best. Plenty of parking in their lot (which is hard to find in Cambridge). Knowledgeable customer service, and the manager was a pleasure to deal with.
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 East Cambridge Savings Bank had $2.09 million in non-current loans and owned real-estate with $88.71 million in equity and loan loss allowances on hand to cover it. This gives East Cambridge Savings Bank a Texas Ratio of 2.36% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for East Cambridge Savings Bank decreased slightly from 2.96% as of March 31, 2013 to 2.36% as of March 31, 2014, resulting in a positive change of 20.31%.This indicates that the balance sheet and financial strength for East Cambridge Savings Bank has improved slightly in recent periods.
In the past year, East Cambridge Savings Bank has increased its total deposits by $2.53 million, resulting in 0.35% 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 East Cambridge Savings Bank has shown is above average.
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. East Cambridge Savings Bank has $849.23 million in assets with $88.71 million in equity, resulting in a capitalization level of 10.45%, which is above average.
|FDIC Certificate #||90173|
|Assets and Liabilities|
|Equity Capital||$84.80 million|
|Loan Loss Allowance||$3.91 million|
|Unbacked Noncurrent Loans||$1.78 million|
|Real Estate Owned||$311,000|
|Historic Data - March 2013|
|Equity Capital||$81.04 million|
|Loan Loss Allowance||$4.03 million|
|Unbacked Noncurrent Loans||$1.78 million|
|Real Estate Owned||$179,000|
|Profit Margin - Quarterly|
|Return on Assets||0.39%|
|Return on Equity||3.95%|
|Interest Income||$6.90 million|
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|0.40%||$25k||-||Special Select Banking Package - Savings Account|
|0.25%||-||$500k||Business Advantage Savings|
|0.15%||$10k||-||Special High Yield Savings|
|0.25%||$5k||-||Money Market Management|
|0.15%||-||-||Money Market Deposit|
|0.15%||-||-||IRA Money Market|
|0.20%||$50k||-||Business Select Banking|
|1.00%||$1k||-||3 Year CD|
|0.90%||$1k||-||2 Year CD|
|0.75%||$1k||-||18 Month CD|
|0.65%||$1k||-||15 Month CD|
|0.40%||$1k||-||9 Month CD|
|0.40%||$1k||-||12 Month CD|
|0.30%||$1k||-||5 Month CD|
|0.30%||$1k||-||7 Month CD|
|1.00%||$1k||-||3 Year IRA|
|0.90%||$1k||-||2 Year IRA|
|0.75%||$1k||-||18 Month IRA|
|0.65%||$1k||-||15 Month IRA|
|0.40%||$1k||-||9 Month IRA|
|0.40%||$1k||-||12 Month IRA|
|0.30%||$1k||-||5 Month IRA|
|0.30%||$1k||-||7 Month IRA|
|East Cambridge Savings Bank Locations|
|Arlington Branch||105 Broadway||Arlington, MA 2474|
|Cambridge Branch||1310 Cambridge Street||Cambridge, MA 2139|
|Cambridge Branch||2067 Massachusetts Avenue||Cambridge, MA 2140|
|Salem Street Office Branch||243 Salem Street||Medford, MA 2155|
|Highland Branch||285 Highland Avenue||Somerville, MA 2143|
|East Cambridge Savings Bank||292 Cambridge Street||Cambridge, MA 2141|
|Trapelo Road Banking Center||395 Trapelo Road||Belmont, MA 2478|
|Cambridge Branch||459 Broadway||Cambridge, MA 2138|
|Wal-Lex Shopping Center Branch||860 Lexington Street||Waltham, MA 2452|