First Ipswich Bank is headquartered in Ipswich and is the 79th largest bank in the state of Massachusetts. It is also the 1,579th largest bank in the nation. It was established in 1892 and as of June of 2019, it had grown to 65 employees at 6 locations. First Ipswich Bank has an A health rating.
Overall | |
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FDIC Certificate # | 2595 |
Year Established | 1892 |
Employees | 65 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 0.25% |
Return on Equity - YTD | 2.51% |
Annual Interest Income | $8.4MM |
Assets and Liabilities | ||
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Assets | Q2 2019vs Q2 2018 | $450.1MM$397.5MM |
Loans | Q2 2019vs Q2 2018 | $286.6MM$288.5MM |
Deposits | Q2 2019vs Q2 2018 | $362.4MM$340.4MM |
Equity Capital | Q2 2019vs Q2 2018 | $43.5MM$40.3MM |
Loan Loss Allowance | Q2 2019vs Q2 2018 | $2.5MM$2.9MM |
Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.5MM$4.4MM |
Real Estate Owned | Q2 2019vs Q2 2018 | $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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0.05%* | $10k* | - | Business Savings | ||
OTHER TIERS: 0.01% → $100 - $10k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.60% | $100 | - | IOLTA | |
0.05% | $100 | - | PREMIERACCESS Checking | |
0.03% | $100 | - | Non- Profit Checking with Interest |
First Ipswich Bank Locations | ||
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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 |