Hingham Institution for Savings

Hingham Institution for Savings Locations

55 Main Street
Hingham, MA 02043
781.749.2200
www.hinghamsavings.com

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Hingham Institution for Savings is headquartered in Hingham and is the 24^th largest bank in the state of Massachusetts. It is also the 572^nd largest bank in the nation. It was established in 1834 and as of March of 2012, it had grown to 107 employees at 11 locations. Hingham Institution for Savings' money market rates are 14% higher than the national average, and it has a 4-star health rating.

Top 5-Year CD and IRA CD Rates at Hingham Institution for Savings in MA - Local Only - 3/25/2011

If you have an IRA, this is a good time to be rate chasing since many banks and credit unions have IRA specials ( ING Direct's IRA CD is the latest). Banks often advertise IRA deals during the start o ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Hingham Institution for Savings Checking Account Rates

	Apy	Min	Max	Product
	0.05%	-	-	NOW Checking Account

Hingham Institution for Savings Savings Account Rates

Apy	Min	Max	Product
0.10%	-	-	Passbook Savings
0.10%	-	-	Statement Savings
0.10%	-	-	Savings Club Account

Hingham Institution for Savings Money Market Rates

Apy	Min	Max	Product
0.50%	$100k	-	Platinum Money Market
0.50%	$100k	-	Platinum Money Market Special
0.40%	$50k	-	GoldLink Money Market Account
0.40%	$50k	-	GoldLink Money Market Special
0.20%	$1k	-	Money Market Account
0.20%	$100	-	IRA Money Market

Hingham Institution for Savings CD Rates

Apy	Min	Max	Product
1.65%	$500	-	5 Year CD
1.40%	$500	-	4 Year CD
1.25%	$500	-	3 Year CD
1.05%	$500	-	13 Month CD Special
1.05%	$500	-	13 Month CD
1.00%	$500	-	2 1/2 Year CD
0.90%	$500	-	2 Year CD
0.70%	$500	-	18 Month CD
0.70%	$500	-	18 Month CD Special
0.50%	$500	-	1 Year CD
0.40%	$500	-	6 Month CD
0.40%	$500	-	6 Month CD Special
0.30%	$500	-	91 Day CD
0.30%	$500	-	91 Day CD Special

Hingham Institution for Savings IRA Rates

Apy	Min	Max	Product
1.65%	$500	-	5 Year IRA
1.40%	$500	-	4 Year IRA
1.40%	$500	-	48 Month IRA Special
1.25%	$500	-	3 Year IRA
1.25%	$500	-	3 Year ROTH
1.05%	$500	-	13 Month IRA Special
1.05%	$500	-	13 Month IRA
1.00%	$500	-	2 1/2 Year IRA
0.90%	$500	-	2 Year IRA
0.70%	$500	-	18 Month IRA
0.70%	$500	-	18 Month Roth
0.70%	$500	-	18 Month IRA Special
0.50%	$500	-	1 Year IRA
0.50%	$500	-	1 Year ROTH
0.40%	$500	-	6 Month IRA
0.40%	$500	-	6 Month IRA Special
0.30%	$500	-	91 Day IRA
0.30%	$500	-	91 Day IRA Special

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Hingham Institution for Savings
FDIC Certificate #	90211
BankRate Report	View
Year Established	1834
Employees	107
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.15 billion
Loans	$869.07 million
Deposits	$810.92 million
Equity Capital	$84.91 million
Loan Loss Allowance	$7.64 million
Unbacked Noncurrent Loans	$6.36 million
Real Estate Owned	$3.88 million
Historic Data - March 2011
Assets	$1.03 billion
Equity Capital	$75.01 million
Loan Loss Allowance	$7.21 million
Unbacked Noncurrent Loans	$6.50 million
Real Estate Owned	$3.04 million
Profit Margin - Quarterly
Net Interest Margin	3.47%
Return on Assets	1.14%
Return on Equity	15.51%
Interest Income	$12.12 million

Institution Health

Overall Score:

4 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 March 31, 2012 Hingham Institution for Savings had $10.24 million in non-current loans and owned real-estate with $92.55 million in equity and loan loss allowances on hand to cover it. This gives Hingham Institution for Savings a Texas Ratio of 11.07% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Hingham Institution for Savings held steady from 11.61% as of March 31, 2011 to 11.07% as of March 31, 2012, resulting in a positive change of 4.67%.This indicates that the balance sheet and financial strength for Hingham Institution for Savings has held steady in recent periods.
Deposit Growth
In the past year, Hingham Institution for Savings has increased its total deposits by $70.07 million, resulting in 9.46% 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 Hingham Institution for Savings has shown is excellent.
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. Hingham Institution for Savings has $1.15 billion in assets with $92.55 million in equity, resulting in a capitalization level of 8.04%, which is average.