Overview / Commentary
First Ipswich Bank is headquartered in Ipswich and is the 85th largest bank in the state of Massachusetts. It is also the 1,701st largest bank in the nation. It was established in 1892 and as of March of 2019, 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 Q1 2019
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 | 0.34% |
| Return on Equity - YTD | 3.42% |
| Annual Interest Income | $4.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $418.3MM$415.1MM |
| Loans | Q1 2019vs Q1 2018 | $280.3MM$291.1MM |
| Deposits | Q1 2019vs Q1 2018 | $363.9MM$359.6MM |
| Equity Capital | Q1 2019vs Q1 2018 | $42.6MM$40.1MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $2.4MM$2.8MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $1.6MM$5.3MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $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 |