The First National Bank of Ipswich

The First National Bank of Ipswich is headquartered in Ipswich and is the 95^th largest bank in the state of Massachusetts. It is also the 2,292^nd largest bank in the nation. It was established in 1892 and as of March of 2012, it had grown to 67 employees at 6 locations. The First National Bank of Ipswich has a 3-star health rating.

The First National Bank of Ipswich Routing Number: 011001726

The First National Bank of Ipswich Checking Account Rates

The First National Bank of Ipswich Money Market Rates

The First National Bank of Ipswich CD Rates

The First National Bank of Ipswich IRA Rates

Data for Q1 2012

Institution Statistics The First National Bank of Ipswich FDIC Certificate # 2595 BankRate Report View Year Established 1892 Employees 67 Primary Regulator OCC Assets and Liabilities Assets $283.09 million Loans $197.14 million Deposits $229.09 million Equity Capital $33.74 million Loan Loss Allowance $419,000 Unbacked Noncurrent Loans $4.06 million Real Estate Owned $6.47 million Historic Data - March 2011 Assets $271.65 million Equity Capital $33.12 million Loan Loss Allowance $28,000 Unbacked Noncurrent Loans $2.74 million Real Estate Owned $427,000 Profit Margin - Quarterly Net Interest Margin 3.57% Return on Assets -0.06% Return on Equity -0.53% Interest Income $2.64 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 The First National Bank of Ipswich had $10.54 million in non-current loans and owned real-estate with $34.16 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Ipswich a Texas Ratio of 30.84% 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 The First National Bank of Ipswich increased slightly from 9.56% as of March 31, 2011 to 30.84% as of March 31, 2012, resulting in a negative change of 222.54%. This indicates that the balance sheet and financial strength for The First National Bank of Ipswich has declined slightly in recent periods. Deposit Growth In the past year, The First National Bank of Ipswich has increased its total deposits by $10.74 million, resulting in 4.92% 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 The First National Bank of Ipswich 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. The First National Bank of Ipswich has $283.09 million in assets with $34.16 million in equity, resulting in a capitalization level of 12.07%, which is excellent.

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