First Ipswich Bank
LOCATIONS
5
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HEALTH RATING
B+
View health report
CURRENT TOP RATE
1.50% APY
30 Month CD Special
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.00% | 5-year CD | 5 Year CD 1.85% - Synchrony Bank 60 Month CD |
| 0.35% | 1-year CD | 1 Year CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.65% | 3-year CD | 3 Year CD 1.55% - Ally Bank High Yield 3 Year CD |
Overview / Commentary
First Ipswich Bank is headquartered in Ipswich and is the 89th largest bank in the state of Massachusetts. It is also the 1,832nd largest bank in the nation. It was established in 1892 and as of June of 2016, it had grown to 45 employees at 5 locations. First Ipswich Bank has a B+ health rating.
Related Posts
Health
B+
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 2595 |
| Year Established | 1892 |
| Employees | 45 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.13% |
| Return on Equity - YTD | 1.31% |
| Annual Interest Income | $6.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $370.0MM$337.9MM |
| Loans | Q2 2016vs Q2 2015 | $268.5MM$243.0MM |
| Deposits | Q2 2016vs Q2 2015 | $289.4MM$285.7MM |
| Equity Capital | Q2 2016vs Q2 2015 | $37.4MM$35.2MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $3.4MM$2.4MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $5.9MM$3.3MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $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 Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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 | |||||
First Ipswich Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $100 | - | PREMIERACCESS Checking |
First Ipswich Bank CD Rates
First Ipswich Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $1k | - | 5 Year IRA | |
| 0.65% | $1k | - | 3 Year IRA | |
| 0.55% | $1k | - | 2 Year IRA | |
| 0.45% | $1k | - | 18 Month IRA | |
| 0.35% | $1k | - | 1 Year IRA | |
| 0.15% | $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 |