Overview / Commentary
First Ipswich Bank is headquartered in Ipswich and is the 82nd largest bank in the state of Massachusetts. It is also the 1,660th largest bank in the nation. It was established in 1892 and as of December of 2018, it had grown to 66 employees at 6 locations. First Ipswich Bank has an A health rating.
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Health
A
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 2595 |
| Year Established | 1892 |
| Employees | 66 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.44% |
| Return on Equity - YTD | 4.41% |
| Annual Interest Income | $15.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $421.6MM$405.2MM |
| Loans | Q4 2018vs Q4 2017 | $290.6MM$289.9MM |
| Deposits | Q4 2018vs Q4 2017 | $364.6MM$345.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $41.7MM$40.3MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $3.2MM$3.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $3.9MM$4.2MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $629.00K$0 |
Rates
Rates for First Ipswich Bank are currently being reviewed.
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 |