Cape Ann Savings Bank is headquartered in GLOUCESTER and is the 54th largest bank in the state of Massachusetts. It is also the 1,053rd largest bank in the nation. It was established in 1846 and as of December of 2023, it had grown to 78 employees at 5 locations. Cape Ann Savings Bank's money market rates are 6X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 90203 |
Year Established | 1846 |
Employees | 78 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.62% |
Return on Equity - YTD | 3.22% |
Annual Interest Income | $31.8MM |
Assets and Liabilities | ||
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Assets | Q4 2023vs Q4 2022 | $954.3MM$928MM |
Loans | Q4 2023vs Q4 2022 | $659.8MM$608.2MM |
Deposits | Q4 2023vs Q4 2022 | $728.4MM$716MM |
Equity Capital | Q4 2023vs Q4 2022 | $184.1MM$175.9MM |
Loan Loss Allowance | Q4 2023vs Q4 2022 | $5.9MM$5.4MM |
Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $3.4MM$2.1MM |
Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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2.00%* | - | $10k | Kasasa Cash Checking | ||
OTHER TIERS: 0.15% → $10k+ | |||||
0.25% | $10 | - | Free NOW Checking Account | ||
0.25% | $10 | - | Business Sole Proprietor / Non-Profit Organization NOW Account |
Cape Ann Savings Bank Locations | ||
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Cape Ann Savings Bank | 109 Main St | Gloucester, MA 01930 |
Manchester Branch | 17 Beach Street | Manchester, MA 01944 |
Gloucester High School Branch | Leslie O. Johnson Road | Gloucester, MA 01930 |
Granite Br | 247 Main Street | Rockport, MA 01966 |
To Be Determined Branch | 4 School House Road | Gloucester, MA 01930 |