South Shore Bank is headquartered in SOUTH WEYMOUTH and is the 25th largest bank in the state of Massachusetts. It is also the 521st largest bank in the nation. It was established in 1833 and as of March of 2023, it had grown to 216 employees at 12 locations. South Shore Bank's money market rates are 5X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 90303 |
Year Established | 1833 |
Employees | 216 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.98% |
Return on Equity - YTD | 11.8% |
Annual Interest Income | $21.8MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $2.17B$2.07B |
Loans | Q1 2023vs Q1 2022 | $1.37B$1.29B |
Deposits | Q1 2023vs Q1 2022 | $1.92B$1.82B |
Equity Capital | Q1 2023vs Q1 2022 | $184.3MM$176.6MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $20.1MM$20.0MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $3.3MM$4.7MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $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 |
---|---|---|---|---|
3.50% | - | - | Rewards Savings | |
0.05% | $10 | - | IRA Savings | |
0.01% | $2k | - | Business Savings | |
0.01% | - | - | Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.00%* | $25k* | - | High Yield Money Market | ||
OTHER TIERS: 0.01% → Up to $2.5k | 1.00% → $2.5k - $25k | |||||
2.00%* | $5k* | - | Business Money Market | ||
OTHER TIERS: 0.20% → $1k - $5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.50% | - | $25k | Rewards Checking |