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South Shore Bank


Overview / Commentary
www.southshorebank.com
781-682-3715
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 528th largest bank in the nation. It was established in 1833 and as of December of 2020, it had grown to 208 employees at 14 locations. South Shore Bank has an A health rating.

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Health
A

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90303
Year Established1833
Employees208
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.15%
Annual Interest Income$62.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.90B$1.57B
LoansQ4 2020vs Q4 2019$1.36B$1.20B
DepositsQ4 2020vs Q4 2019$1.59B$1.31B
Equity CapitalQ4 2020vs Q4 2019$177.3MM$164.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$19.9MM$12.5MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$7.3MM$7.7MM
Real Estate OwnedQ4 2020vs Q4 2019$176.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

South Shore Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$10-Rewards Savings
0.10%$10-IRA Savings
0.05%*$25k*-Premium Savings
OTHER TIERS: 0.02% → $10 - $25k
0.02%$10-Passbook Savings
0.02%$2k-Business Savings
0.02%$10-Statement Savings

South Shore Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*$500kBusiness Platinum Money Market
OTHER TIERS: 0.10% → Up to $100k | 0.40% → $500k+
0.20%*$50k*-High Yield Money Market
OTHER TIERS: 0.01% → Up to $2.5k | 0.02% → $2.5k - $25k | 0.10% → $25k - $50k
0.20%*$100k*-Business Money Market
OTHER TIERS: 0.02% → $1k - $5k | 0.10% → $5k - $100k

South Shore Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$10$25kRewards Checking

South Shore Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-44 Month Rewards CD w/ Relationship
0.70%$1k-60 Month CD
0.60%$1k-48 Month CD
0.60%$1k-14 Month Rewards CD w/ Relationship
0.50%$1k-24 Month CD
0.50%$1k-36 Month CD
0.50%$1k-30 Month CD
0.50%$1k-14 Month Rewards CD w/o Relationship
0.50%$1k-44 Month Rewards CD w/o Relationship
0.40%$1k-18 Month CD
0.30%$1k-6 Month CD
0.30%$1k-9 Month CD
0.30%$1k-12 Month CD
0.30%$1k-15 Month CD
0.30%$1k-16 Month CD
0.25%$1k-3 Month CD

South Shore Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$1k-60 Month IRA
0.60%$1k-48 Month IRA
0.50%$1k-24 Month IRA
0.50%$1k-36 Month IRA
0.50%$1k-30 Month IRA
0.40%$1k-18 Month IRA
0.30%$1k-6 Month IRA
0.30%$1k-9 Month IRA
0.30%$1k-12 Month IRA
0.30%$1k-15 Month IRA
0.30%$1k-16 Month IRA
0.25%$1k-3 Month IRA
Locations

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