Cape Ann Savings Bank is headquartered in Gloucester and is the 53rd largest bank in the state of Massachusetts. It is also the 1,145th largest bank in the nation. It was established in 1846 and as of December of 2021, it had grown to 76 employees at 4 locations. Cape Ann Savings Bank has an A+ health rating.
Overall | |
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FDIC Certificate # | 90203 |
Year Established | 1846 |
Employees | 76 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.7% |
Return on Equity - YTD | 8.02% |
Annual Interest Income | $22.8MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $842.5MM$775.1MM |
Loans | Q4 2021vs Q4 2020 | $529.6MM$463.0MM |
Deposits | Q4 2021vs Q4 2020 | $632.5MM$579.7MM |
Equity Capital | Q4 2021vs Q4 2020 | $178.3MM$167.3MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $4.8MM$4.4MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $2.8MM$4.2MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $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 |
---|---|---|---|---|
0.25% | $10 | - | IRA Savings Account | |
0.25% | $10 | - | Statement Savings Account | |
0.13% | $10 | - | Passbook Savings Account | |
0.13% | - | - | Christmas Club | |
0.10% | $10 | - | Business Statement Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20%* | $100k* | - | Money Market Deposit Account | ||
OTHER TIERS: 0.15% → $10 - $100k | |||||
0.15%* | $100k* | - | Business Money Market Deposit Account | ||
OTHER TIERS: 0.10% → $500 - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.13% | $10 | - | Free NOW Checking Account | |
0.10% | $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 |