Seamen's Bank

Seamen's Bank is headquartered in Provincetown and is the 91^st largest bank in the state of Massachusetts. It is also the 2,185^th largest bank in the nation. It was established in 1851 and as of March of 2012, it had grown to 61 employees at 5 locations. Seamen's Bank has a 3-star health rating.

Seamen's Bank Checking Account Rates

Seamen's Bank Savings Account Rates

Seamen's Bank Money Market Rates

Seamen's Bank CD Rates

Seamen's Bank IRA Rates

Data for Q1 2012

Institution Statistics Seamen's Bank FDIC Certificate # 90268 BankRate Report View Year Established 1851 Employees 61 Primary Regulator FDIC Assets and Liabilities Assets $299.21 million Loans $189.79 million Deposits $263.46 million Equity Capital $33.66 million Loan Loss Allowance $2.40 million Unbacked Noncurrent Loans $11.97 million Real Estate Owned $200,000 Historic Data - March 2011 Assets $291.74 million Equity Capital $32.15 million Loan Loss Allowance $2.57 million Unbacked Noncurrent Loans $12.73 million Profit Margin - Quarterly Net Interest Margin 3.05% Return on Assets 0.27% Return on Equity 2.42% Interest Income $2.58 million

Institution Health Overall Score: 3 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 Seamen's Bank had $12.17 million in non-current loans and owned real-estate with $36.06 million in equity and loan loss allowances on hand to cover it. This gives Seamen's Bank a Texas Ratio of 33.74% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Seamen's Bank held steady from 36.67% as of March 31, 2011 to 33.74% as of March 31, 2012, resulting in a positive change of 7.97%.This indicates that the balance sheet and financial strength for Seamen's Bank has held steady in recent periods. Deposit Growth In the past year, Seamen's Bank has increased its total deposits by $5.92 million, resulting in 2.3% 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 Seamen's Bank has shown is above average. 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. Seamen's Bank has $299.21 million in assets with $36.06 million in equity, resulting in a capitalization level of 12.05%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.