Martha's Vineyard Bank is headquartered in Edgartown and is the 44th largest bank in the state of Massachusetts. It is also the 811th largest bank in the nation. It was established in 1955 and as of June of 2022, it had grown to 102 employees at 10 locations. Martha's Vineyard Bank's CD rates are 3X the national average, and it boasts an A+ health rating.
Overall | |
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FDIC Certificate # | 90190 |
Year Established | 1955 |
Employees | 102 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.1% |
Return on Equity - YTD | 11.15% |
Annual Interest Income | $21.1MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $1.26B$1.14B |
Loans | Q2 2022vs Q2 2021 | $1.08B$943.9MM |
Deposits | Q2 2022vs Q2 2021 | $1.10B$949.6MM |
Equity Capital | Q2 2022vs Q2 2021 | $121.0MM$119.1MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $8.5MM$6.8MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $271.00K$679.00K |
Real Estate Owned | Q2 2022vs Q2 2021 | $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% | $10 | - | Online Savings Account | |
0.05% | $10 | - | Passbook Savings Accounts |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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1.00%* | $100k* | - | Clipper Ship Investment Checking Account | ||
OTHER TIERS: 0.01% → $10 - $100k |
Chilmark Branches | ||
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Chilmark Branch | 517 South Road | Chilmark, MA 02535 |
Edgartown Branches | ||
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Martha's Vineyard Savings Bank | 78 Main Street | Edgartown, MA 02539 |
Four Flags Condominium Branch | Unit #10, Vineyard Haven Road, Post Office Square | Edgartown, MA 02539 |
Falmouth Branches | ||
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Falmouth Branch | 2 Water Street | Falmouth, MA 02543 |
Palmer Avenue Falmouth Branch | 397 Palmer Avenue | Falmouth, MA 02540 |
Village Green Branch | 84 Main Street | Falmouth, MA 02540 |
Oak Bluffs Branches | ||
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Oak Bluffs Branch | 14 Oak Bluffs Avenue | Oak Bluffs, MA 02557 |
Oak Bluffs Branch | 4 Uncas Avenue | Oak Bluffs, MA 02557 |
Vineyard Haven Branches | ||
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Martha's Vineyard Co-Operative Bank Of Tisbury Bra | 11 State Road | Vineyard Haven, MA 02568 |
West Tisbury Branches | ||
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West Tisbury Branch | 490 State Road | West Tisbury, MA 02575 |