First Ipswich Bank

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.00%	5-year CD	5 Year CD 2.25% - Ally Bank High Yield 5 Year CD
0.50%	1-year CD	10 Month CD Special 1.50% - Ally Bank No Penalty 11-Month CD
1.85%	4-year CD	4 Year CD 1.50% - Ally Bank Raise Your Rate 4-Year CD

View all First Ipswich Bank rates »

Overview / Commentary

www.firstipswich.com

978-356-3700

31 Market Street
Ipswich, MA 01938

First Ipswich Bank is headquartered in Ipswich and is the 89^th largest bank in the state of Massachusetts. It is also the 1,827^th largest bank in the nation. It was established in 1892 and as of March of 2017, it had grown to 50 employees at 6 locations. First Ipswich Bank's CD rates are 11% higher than the national average, and it has a B health rating.

Overall
FDIC Certificate #	2595
Year Established	1892
Employees	50
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	-0.73%
Return on Equity - YTD	-7.46%
Annual Interest Income	$3.3MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$377.8MM$354.7MM
Loans	Q1 2017vs Q1 2016	$283.2MM$253.4MM
Deposits	Q1 2017vs Q1 2016	$303.9MM$299.5MM
Equity Capital	Q1 2017vs Q1 2016	$35.7MM$37.2MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$4.0MM$2.7MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$8.4MM$4.7MM
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Ipswich Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%^*	$10k^*	-	Business Savings
OTHER TIERS: 0.01% → $100 - $10k

First Ipswich Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$100k^*	-	PREMIERACCESS Money Market
OTHER TIERS: 0.05% → $100 - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k \| 0.25% → $50k - $75k \| 0.35% → $75k - $100k
0.25%^*	$100k^*	-	Business Money Market
OTHER TIERS: 0.05% → $100 - $10k \| 0.10% → $10k - $25k \| 0.12% → $25k - $50k \| 0.18% → $50k - $75k \| 0.20% → $75k - $100k

First Ipswich Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	$100	-	IOLTA
0.05%	$100	-	PREMIERACCESS Checking
0.03%	$100	-	Non- Profit Checking with Interest

First Ipswich Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$1k	-	5 Year CD
1.85%	$1k	-	4 Year CD
1.65%	$1k	-	3 Year CD
1.50%	$2,500	-	30 Month CD Special
1.25%	$1k	-	18 Month CD
1.25%	$1k	-	2 Year CD
1.25%	$2,500	-	19 Month CD Special
1.00%	$1k	-	1 Year CD
0.50%	$2,500	-	10 Month CD Special
0.25%	$2,500	-	6 Month CD
0.10%	$2,500	-	3 Month CD

First Ipswich Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$1k	-	5 Year IRA
1.85%	$1k	-	4 Year IRA
1.65%	$1k	-	3 Year IRA
1.25%	$1k	-	18 Month IRA
1.25%	$1k	-	2 Year IRA
1.00%	$1k	-	1 Year IRA
0.25%	$2,500	-	6 Month IRA
0.10%	$2,500	-	3 Month IRA

Locations

First Ipswich Bank Locations
Route 1 Rowley Branch	144 Newburyport Turnpike	Rowley, MA 01969
Newburyport Branch	155 State Street	Newburyport, MA 01950
Gloucester Branch	207 Main Street	Gloucester, MA 01930
First Ipswich Bank	31 Market Street	Ipswich, MA 01938
Essex Branch	8-10 Martin Street	Essex, MA 01929
Danvers Branch	107 High Street	Danvers, MA 01923