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781-749-2200
55 Main Street
Hingham, MA 02043

Hingham Institution for Savings is headquartered in Hingham and is the 22nd largest bank in the state of Massachusetts. It is also the 498th largest bank in the nation. It was established in 1834 and as of December of 2013, it had grown to 122 employees at 12 locations. Hingham Institution for Savings' money market rates are 14% higher than the national average, and it has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 Hingham Institution for Savings had $6.21 million in non-current loans and owned real-estate with $111.73 million in equity and loan loss allowances on hand to cover it. This gives Hingham Institution for Savings a Texas Ratio of 5.55% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Hingham Institution for Savings experienced no significant changes from 3.37% as of December 31, 2012 to 5.55% as of December 31, 2013, resulting in a negative change of 64.97%. This indicates that the balance sheet and financial strength for Hingham Institution for Savings has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Hingham Institution for Savings has increased its total deposits by $71.68 million, resulting in 8.21% 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

GRADE:
C

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 $1.36 billion in assets with $111.73 million in equity, resulting in a capitalization level of 8.24%, which is average.

Institution Statistics

Overall
FDIC Certificate #90211
Year Established1834
Employees122
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.36 billion
Loans$1.08 billion
Deposits$945.09 million
Equity Capital$103.22 million
Loan Loss Allowance$8.51 million
Unbacked Noncurrent Loans$5.94 million
Real Estate Owned$271,000
Historic Data - December 2012
Assets$1.21 billion
Equity Capital$92.80 million
Loan Loss Allowance$8.00 million
Unbacked Noncurrent Loans$5.94 million
Real Estate Owned$471,000
Profit Margin - Quarterly
Net Interest Margin3.22%
Return on Assets1.05%
Return on Equity13.63%
Interest Income$49.34 million
Rates

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Hingham Institution for Savings Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.01%--Passbook Savings
0.01%--Statement Savings
0.01%--Club Account

Hingham Institution for Savings Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-Money Market Account
0.50%$100k-IRA Money Market

Hingham Institution for Savings Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%--NOW Account

Hingham Institution for Savings CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-5 Year CD
1.50%$500-4 Year CD
1.01%$500-3 Year CD
0.90%$500-2 1/2 Year CD
0.80%$500-2 Year CD
0.65%$500-18 Month CD
0.40%$500-1 Year CD
0.30%$500-6 Month CD
0.20%$500-91 Day CD

Hingham Institution for Savings IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-5 Year IRA
1.50%$500-4 Year IRA
1.01%$500-3 Year IRA
1.00%$500-3 Year Roth
0.90%$500-2 1/2 Year IRA
0.80%$500-2 Year IRA
0.65%$500-18 Month IRA
0.65%$500-18 Month Roth
0.40%$500-1 Year IRA
0.40%$500-1 Year ROTH
0.30%$500-6 Month IRA
0.20%$500-91 Day IRA
Locations

Hingham Institution for Savings has 11 locations. Click to view all Hingham Institution for Savings locations.