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78 Main Street
Edgartown, MA 02539

Martha's Vineyard Savings Bank is headquartered in Edgartown and is the 57th largest bank in the state of Massachusetts. It is also the 1,183rd largest bank in the nation. It was established in 1955 and as of June of 2014, it had grown to 107 employees at 9 locations. Martha's Vineyard Savings Bank has a A+ health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


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 June 30, 2014 Martha's Vineyard Savings Bank had $3.41 million in non-current loans and owned real-estate with $80.24 million in equity and loan loss allowances on hand to cover it. This gives Martha's Vineyard Savings Bank a Texas Ratio of 4.25% 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 Martha's Vineyard Savings Bank decreased dramatically from 8.68% as of June 30, 2013 to 4.25% as of June 30, 2014, resulting in a positive change of 51.09%.This indicates that the balance sheet and financial strength for Martha's Vineyard Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Martha's Vineyard Savings Bank has increased its total deposits by $13.55 million, resulting in 3.1% 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 Martha's Vineyard Savings Bank has shown is excellent.



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. Martha's Vineyard Savings Bank has $562.22 million in assets with $80.24 million in equity, resulting in a capitalization level of 14.27%, which is excellent.

Institution Statistics

FDIC Certificate #90190
Year Established1955
Primary RegulatorFDIC
Assets and Liabilities
Assets$562.22 million
Loans$442.96 million
Deposits$450.19 million
Equity Capital$76.84 million
Loan Loss Allowance$3.40 million
Unbacked Noncurrent Loans$2.91 million
Real Estate Owned$500,000
Historic Data - June 2013
Assets$525.49 million
Equity Capital$70.41 million
Loan Loss Allowance$4.02 million
Unbacked Noncurrent Loans$2.91 million
Real Estate Owned$500,000
Profit Margin - Quarterly
Return on Assets0.75%
Return on Equity5.44%
Interest Income$10.14 million

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Martha's Vineyard Savings Bank Savings Account Rates

0.10%--Online Savings Account
0.10%--Statement Savings Account
0.10%--School Savings Account
0.10%--Holiday Club Account
0.10%$100-IRA Statement Savings
0.10%--Passbook Savings Account

Martha's Vineyard Savings Bank Money Market Rates

0.40%$100k-Money Market Account
0.40%$100k-Money Market IRA

Martha's Vineyard Savings Bank Checking Account Rates

0.40%$100k-Clipper Ship Investment Checking Account
0.01%--NOW Account

Martha's Vineyard Savings Bank CD Rates

0.90%$1k-5 Year Certificate
0.75%$1k-4 Year Certificate
0.55%$1k-3 Year Certificate
0.50%$1k-2 Year Certificate
0.45%$1k-18 Month Clipper Ship Certificate
0.40%$1k-1 Year Clipper Ship Certificate
0.40%$1k-18 Month Certificate
0.35%$1k-1 Year Certificate
0.25%$1k-6 Month Clipper Ship Certificate
0.20%$1k-6 Month Certificate
0.10%$1k-3 Month Certificate

Martha's Vineyard Savings Bank IRA Rates

0.90%$100-5 Year IRA Certificate
0.75%$100-4 Year IRA Certificate
0.55%$100-3 Year IRA Certificate
0.50%$100-2 Year IRA Certificate
0.40%$100-18 Month IRA Certificate
0.35%$100-1 Year IRA Certificate
0.20%$100-6 Month IRA Certificate
0.10%$100-3 Month IRA Certificate

Martha's Vineyard Savings Bank Locations
Martha's Vineyard Co-Operative Bank Of Tisbury Bra11 State RoadVineyard Haven, MA 2568
Oak Bluffs Branch14 Oak Bluffs AvenueOak Bluffs, MA 2557
Falmouth Branch2 Water StreetFalmouth, MA 2543
Oak Bluffs Branch4 Uncas AvenueOak Bluffs, MA 2557
West Tisbury Branch490 State RoadWest Tisbury, MA 2575
Martha's Vineyard Savings Bank78 Main StreetEdgartown, MA 2539
Chilmark Branch9 State RoadChilmark, MA 2535
Four Flags Condominium BranchUnit #10, Vineyard Haven Road, Post Office SquareEdgartown, MA 2539