Overview / Commentary
North Shore Bank (MA) is headquartered in Peabody and is the 32nd largest bank in the state of Massachusetts. It is also the 640th largest bank in the nation. It was established in 1888 and as of June of 2022, it had grown to 177 employees at 16 locations. North Shore Bank (MA) has an A+ health rating.
Reviews (1)
Best Bank In Massachusetts
Posted by: workingmom81 | Dec 21, 2011
The slogan for this bank is "well north of your expecations", it lives up to its slogan.
I feel like a person, they answer their own telephones, return telephone calls, and if they don't know, they find someone who does.
I have a checking, savings, and my IRA accounts there and wouldn't take it anywhere else.
Health
A+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26484 |
| Year Established | 1888 |
| Employees | 177 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 8.75% |
| Annual Interest Income | $28.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.69B$1.59B |
| Loans | Q2 2022vs Q2 2021 | $1.19B$1.15B |
| Deposits | Q2 2022vs Q2 2021 | $1.50B$1.39B |
| Equity Capital | Q2 2022vs Q2 2021 | $177.6MM$165.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $17.2MM$16.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $4.8MM$5.1MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
