Overview / Commentary
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
A
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 90303 |
| Year Established | 1833 |
| Employees | 207 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.87% |
| Return on Equity - YTD | 9.49% |
| Annual Interest Income | $15.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $1.98B$1.61B |
| Loans | Q1 2021vs Q1 2020 | $1.38B$1.24B |
| Deposits | Q1 2021vs Q1 2020 | $1.70B$1.33B |
| Equity Capital | Q1 2021vs Q1 2020 | $177.3MM$167.7MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $20.0MM$13.9MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $6.0MM$7.6MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |
