South Shore Bank is headquartered in South Weymouth and is the 24th largest bank in the state of Massachusetts. It is also the 535th largest bank in the nation. It was established in 1833 and as of December of 2021, it had grown to 213 employees at 13 locations. South Shore Bank has an A health rating.
Overall | |
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FDIC Certificate # | 90303 |
Year Established | 1833 |
Employees | 213 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.96% |
Return on Equity - YTD | 10.4% |
Annual Interest Income | $63.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $2.05B$1.90B |
Loans | Q4 2021vs Q4 2020 | $1.30B$1.36B |
Deposits | Q4 2021vs Q4 2020 | $1.78B$1.59B |
Equity Capital | Q4 2021vs Q4 2020 | $190.4MM$177.3MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $20.0MM$19.9MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $5.7MM$7.3MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$176.00K |
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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 | |
---|---|---|---|---|---|
0.45% | - | - | Rewards Savings | ||
0.05%* | $25k* | - | Premium Savings | ||
OTHER TIERS: 0.01% → Up to $25k | |||||
0.05% | $10 | - | IRA Savings | ||
0.01% | $2k | - | Business Savings | ||
0.01% | - | - | Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.60% | - | $25k | Rewards Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.00% | $1k | - | 36 Month IRA | |
1.00% | $1k | - | 48 Month IRA | |
1.00% | $1k | - | 60 Month IRA | |
0.75% | $1k | - | 22 Month IRA | |
0.60% | $1k | - | 16 Month IRA | |
0.10% | $1k | - | 12 Month IRA | |
0.05% | $1k | - | 6 Month IRA |