South Shore Bank

Overview / Commentary
1530 Main Street
South Weymouth, MA 02190

South Shore Bank is headquartered in South Weymouth and is the 28th largest bank in the state of Massachusetts. It is also the 530th largest bank in the nation. It was established in 1833 and as of March of 2021, it had grown to 207 employees at 14 locations. South Shore Bank has an A health rating.


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Health Grade Components

FDIC Certificate #90303
Year Established1833
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD9.49%
Annual Interest Income$15.7MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.98B$1.61B
LoansQ1 2021vs Q1 2020$1.38B$1.24B
DepositsQ1 2021vs Q1 2020$1.70B$1.33B
Equity CapitalQ1 2021vs Q1 2020$177.3MM$167.7MM
Loan Loss AllowanceQ1 2021vs Q1 2020$20.0MM$13.9MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$6.0MM$7.6MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0

Rates for South Shore Bank are currently being reviewed.



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