EBSB Direct

67 Prospect Street
Peabody , MA 01960
800-657-3272
www.ebsbdirect.com

EBSB Direct is headquartered in Boston and is the 12st largest bank in the state of Massachusetts. It is also the 352nd largest bank in the nation. It was established in 1991 and as of March of 2012, it had grown to 399 employees at 24 locations. EBSB Direct has a 4-star health rating.

Related Posts

Competitive 3-Year CD Rate at EBSB Direct - New England and New York Only - 10/4/2011

EBSB Direct is offering a competitive 3-year CD yield of 1.80% APY. Minimum deposit is $1,000. This used to a better deal back in June when the yield was 2.25%, but it's still quite competitive compar ...

EBSB Direct Cuts High Yield Savings Account Rate To 1.10% (Forum) - 4/29/2011

EBSB Direct's High Yield Savings Account now has a yield of 1.10% APY for $50K+ (was 1.30%). The lower tiers remained the same (0.75% for $5K to $50K, 0.00% for under $5K).

Top Savings Account Rate for New England and New York State - 4/10/2011

EBSB Direct continues to offer a good deal on its high yield savings account for those with large balances. The savings account has a 1.30% APY on balances of $50K to $1M as of 4/10/2011. For balances ...

Top 3-Year CD Rate Continues at EBSB Direct - New England and NY Only - 12/19/2010

EBSB Direct continues to offer a competitive 3-year CD rate of 2.25% APY. It's the same rate as in my last report on this bank in early October. With rates trending down since October , this rate has ...

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See Rates for: Savings | CD

EBSB Direct Savings Account Rates

ApyMinMaxProduct
0.80%$50k$1mHigh Yield Savings

EBSB Direct CD Rates

ApyMinMaxProduct
1.80%$1k-36 Month EBSB CD
0.55%$1k-10 Month EBSB CD

Rates updated: 5/27/2012 * Not all products updated

Data for Q1 2012


Institution Statistics


East Boston Savings Bank
FDIC Certificate #33510
BankRate ReportView
Year Established1991
Employees399
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.00 billion
Loans$1.41 billion
Deposits$1.65 billion
Equity Capital$185.41 million
Loan Loss Allowance$14.10 million
Unbacked Noncurrent Loans$48.62 million
Real Estate Owned$3.02 million

Historic Data - March 2011

Assets$1.87 billion
Equity Capital$174.85 million
Loan Loss Allowance$10.32 million
Unbacked Noncurrent Loans$50.81 million
Real Estate Owned$4.97 million

Profit Margin - Quarterly

Net Interest Margin3.51%
Return on Assets0.41%
Return on Equity4.38%
Interest Income$21.00 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 March 31, 2012 EBSB Direct had $51.64 million in non-current loans and owned real-estate with $199.51 million in equity and loan loss allowances on hand to cover it. This gives EBSB Direct a Texas Ratio of 25.88% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for EBSB Direct held steady from 30.12% as of March 31, 2011 to 25.88% as of March 31, 2012, resulting in a positive change of 14.07%.This indicates that the balance sheet and financial strength for EBSB Direct has held steady in recent periods.
Deposit Growth5
In the past year, EBSB Direct has increased its total deposits by $144.77 million, resulting in 9.62% 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 EBSB Direct has shown is excellent.
Capitalization3
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. EBSB Direct has $2 billion in assets with $199.51 million in equity, resulting in a capitalization level of 9.95%, which is average.
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