Institution for Savings

93 State Street
Newburyport, MA 01950
800-437-6703
www.institutionforsavings.com

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Institution for Savings is headquartered in Newburyport and is the 19^st largest bank in the state of Massachusetts. It is also the 478^th largest bank in the nation. It was established in 1820 and as of December of 2012, it had grown to 109 employees at 10 locations. Institution for Savings has a 5-star health rating.

Top 4-year and 5-year CD Rates at Institution For Savings in MA - 4/15/2013

Institution for Savings did something unusual today. It not only raised its CD rate, but it also raised it to 2.00% APY. Its 4-year CD now has a 2.00% APY which is up from 1.75%. Its 5-year CD continu ...

Top 3-Year CD Rate at Institution for Savings in MA - Local Only - 11/3/2011

Institution for Savings is offering another hot CD special that's similar to its September special. This new one is a 3-year CD with a 2.50% APY. Minimum deposit is $500. This rate is listed on the ba ...

Special 40-Month CD Rate at Institution for Savings in MA - Local Only - 9/12/2011

Institution for Savings is offering a CD special as part of a new-branch promotion. It's a very competitive CD with a 2.50% APY for a 40-month term. Minimum deposit is $500, and the maximum is $500,00 ...

Top Massachusetts CD Rates at Institution for Savings - Local Only - 6/17/2011

Institution for Savings did something that's rare these days. It made substantial increases on many of its CD rates. The three best rates as listed at the bank's rate table as of 6/17/2011 include: ...

2011

6/17 - Top CD Rates At Institution For Savings, Newburyport MA (Forum)

2010

2009

11/2 - 2.00% 9-Month CD & 2.50% 20-Month CD at Institution for Savings in MA - Local Only

2008

2/8 - Reward Checking Account at a Massachusetts Bank (Institution for Savings)

2007

6/25 - 5.50% 7-Month CD at a Massachusetts Bank (Institution for Savings)

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

Institution for Savings Checking Account Rates

Apy	Min	Max	Product
0.75%	$500	$50k	Bonus Checking
0.50%	$500k	-	Business Sweep Account
0.25%	-	-	Personal Checking
0.25%	-	-	Simple Business NOW Checking

Institution for Savings Savings Account Rates

Apy	Min	Max	Product
0.50%	$25k	-	Gold Money Market/Gold Savings Combo
0.50%	$25k	-	Business Gold Money Market/Gold Savings Combo
0.40%	$50k	-	Preferred Savings Account
0.40%	$50k	-	Business Preferred Savings Account
0.25%	-	-	Statement Savings
0.25%	-	-	Passbook Savings
0.25%	-	-	Business Statement Savings

Institution for Savings Money Market Rates

Apy	Min	Max	Product
1.00%	$250k	-	Platinum MMDA
1.00%	$250k	-	Business Platinum MMDA
0.80%	$100k	-	Gold Money Market/Gold Savings Combo
0.80%	$100k	-	Business Gold Money Market/Gold Savings Combo
0.50%	$75k	-	Premium Money Market
0.50%	$100k	-	Money Market
0.50%	$75k	-	Business Premium Money Market
0.50%	$100k	-	Business Money Market

Institution for Savings CD Rates

Apy	Min	Max	Product
2.50%	$250k	-	48 Month Platinum Money Market CD
2.50%	$250k	-	48 Month Business Platinum Money Market CD
2.00%	-	-	48 Month CD
2.00%	-	-	60 Month CD
1.00%	-	-	18 Month CD
1.00%	-	-	20 Month CD
1.00%	-	-	24 Month CD
1.00%	-	-	30 Month CD
1.00%	-	-	36 Month CD
1.00%	-	-	40 Month CD
0.75%	-	-	12 Month CD
0.75%	-	-	15 Month CD
0.60%	-	-	Premium Money Market/CD Combo
0.50%	-	-	3 Month CD
0.50%	-	-	6 Month CD
0.50%	-	-	7 Month CD
0.50%	-	-	9 Month CD

Institution for Savings IRA Rates

Apy	Min	Max	Product
2.00%	-	-	48 Month IRA
2.00%	-	-	60 Month IRA
2.00%	-	-	48 Month Roth IRA
2.00%	-	-	60 Month Roth IRA
2.00%	-	-	48 Month SEP IRA
2.00%	-	-	60 Month SEP IRA
2.00%	-	-	48 Month CESA
2.00%	-	-	60 Month CESA
1.00%	-	-	18 Month IRA
1.00%	-	-	20 Month IRA
1.00%	-	-	24 Month IRA
1.00%	-	-	30 Month IRA
1.00%	-	-	36 Month IRA
1.00%	-	-	18 Month Roth IRA
1.00%	-	-	20 Month Roth IRA
1.00%	-	-	24 Month Roth IRA
1.00%	-	-	30 Month Roth IRA
1.00%	-	-	36 Month Roth IRA
1.00%	-	-	18 Month SEP IRA
1.00%	-	-	20 Month SEP IRA
1.00%	-	-	24 Month SEP IRA
1.00%	-	-	36 Month SEP IRA
1.00%	-	-	18 Month CESA
1.00%	-	-	20 Month CESA
1.00%	-	-	24 Month CESA
1.00%	-	-	30 Month CESA
1.00%	-	-	30 Month SEP IRA
1.00%	-	-	36 Month CESA
1.00%	-	-	40 Month CESA
1.00%	-	-	40 Month IRA
1.00%	-	-	40 Month Roth IRA
1.00%	-	-	40 Month SEP IRA
0.75%	-	-	12 Month IRA
0.75%	-	-	15 Month IRA
0.75%	-	-	12 Month Roth IRA
0.75%	-	-	15 Month Roth IRA
0.75%	-	-	12 Month SEP IRA
0.75%	-	-	15 Month SEP IRA
0.75%	-	-	12 Month CESA
0.75%	-	-	15 Month CESA
0.50%	-	-	3 Month IRA
0.50%	-	-	6 Month IRA
0.50%	-	-	7 Month IRA
0.50%	-	-	9 Month IRA
0.50%	-	-	3 Month Roth IRA
0.50%	-	-	6 Month Roth IRA
0.50%	-	-	7 Month Roth IRA
0.50%	-	-	9 Month Roth IRA
0.50%	-	-	3 Month CESA
0.50%	-	-	3 Month SEP IRA
0.50%	-	-	6 Month SEP IRA
0.50%	-	-	7 Month SEP IRA
0.50%	-	-	9 Month SEP IRA
0.50%	-	-	6 Month CESA
0.50%	-	-	7 Month CESA
0.50%	-	-	9 Month CESA

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

Institution for Savings in Newburyport and Its Vicinity
FDIC Certificate #	90250
BankRate Report	View
Year Established	1820
Employees	109
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.41 billion
Loans	$886.17 million
Deposits	$1.15 billion
Equity Capital	$185.33 million
Loan Loss Allowance	$5.59 million
Unbacked Noncurrent Loans	$5.85 million
Real Estate Owned	$350,000
Historic Data - December 2011
Assets	$1.30 billion
Equity Capital	$168.22 million
Loan Loss Allowance	$5.14 million
Unbacked Noncurrent Loans	$5.87 million
Real Estate Owned	$446,000
Profit Margin - Quarterly
Net Interest Margin	2.42%
Return on Assets	1.26%
Return on Equity	9.71%
Interest Income	$47.20 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, 2012 Institution for Savings had $6.2 million in non-current loans and owned real-estate with $190.91 million in equity and loan loss allowances on hand to cover it. This gives Institution for Savings a Texas Ratio of 3.24% 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 Institution for Savings held steady from 3.64% as of December 31, 2011 to 3.24% as of December 31, 2012, resulting in a positive change of 10.89%.This indicates that the balance sheet and financial strength for Institution for Savings has held steady in recent periods.
Deposit Growth
In the past year, Institution for Savings has increased its total deposits by $93.26 million, resulting in 8.86% 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 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. Institution for Savings has $1.41 billion in assets with $190.91 million in equity, resulting in a capitalization level of 13.58%, which is excellent.