North Easton Savings Bank
Headquarters
20 Eastman St
South Easton, MA 02375
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2024 Overview
General Bank Information
North Easton Savings Bank is an FDIC insured institution located in South Easton, MA. It was founded in 1864 and has approximately $1.57 billion in assets. Customers can open an account at one of its 10 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 90259 |
| Date Established | 1864 |
| Assets | $ 1,566.17 million |
| Loans | $ 1,177.74 million |
| Deposits | $ 1,356.26 million |
| Capital | $ 139.71 million |
For a more detailed analysis of North Easton Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| NESB Checking | 0.01% | $0 | $0.00 | Learn More |
Loan Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for North Easton Savings Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2059741 |
6.987% |
6.875% 0.50 points $3,661 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.350% |
7.250% 1.00 points $3,200 fees |
$2,183 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More | ||
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to North Easton Savings Bank
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Branches
North Easton Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
North Easton Savings Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
North Easton Savings Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of North Easton Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| North Easton Savings Bank | U.S. Bank Average |
|---|---|
| 2.44% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, North Easton Savings Bank had $3,540,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $139,710,000 in equity and $5,169,000 in loans loss reserves. That gives it a Texas Ratio of 2.44%.
Return on Equity
| North Easton Savings Bank | U.S. Bank Average |
|---|---|
| 5.4% | 12.20% |
North Easton Savings Bank has a Return on Equity of 5.4% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| North Easton Savings Bank | U.S. Bank Average |
|---|---|
| 8.92% | 10.76% |
North Easton Savings Bank has a Capitalization of 8.92% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
North Easton Savings Bank Balance Sheet Analysis
As of December 31, 2023, North Easton Savings Bank had assets of $1,566,165,000, loans of $1,177,740,000, and deposits of $1,356,257,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 36.70 million |
| Interest-bearing balances | $ 22.55 million |
| Total securities | $ 247.04 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,177.74 million |
| Loan loss allowance | $ 5.17 million |
| Trading account assets | $ 3.05 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 21.76 million |
| All other assets | $ 44.48 million |
| Total Assets | $ 1,426.46 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,356.26 million |
| Interest-bearing deposits | $ 1,121.28 million |
| Deposits held in domestic offices | $ 1,356.26 million |
| % insured (estimated) | 80.63% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | $ 3.05 million |
| Other borrowed funds | $ 6.18 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 14.88 million |
| Total Liabilities | $ 1,426.46 million |
| Shareholders’ Equity | $ 139.71 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 61.73 million |
| Total Interest Expense | $ 21.51 million |
| Net interest income | $ 40.22 million |
| Provision for loan and lease losses | $ 0.62 million |
| Total non interest income | $ 7.75 million |
| Total non interest expense | $ 38.51 million |
| Pre-tax Net Operating Income | $ 4.67 million |
Bank Loan Profile?
The top three loan types in North Easton Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks, North Easton Savings Bank’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 54.25 | ✓ | ||
| Multifamily Mortgages |
5.13 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.34 | ✓ | ||
| Small Business Loans | 7.42 | ✓ | ||
| Construction and Development Loans | 6.59 | ✓ | ||
| Commercial Real Estate | 15.34 | ✓ | ||
| Commercial and Industrial Loans | 5.51 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for North Easton Savings Bank
CS
September 3, 2020
Went in to open accounts in Middleboro foy my husband and myself as well as one for my grandson. Without being invited into an office I was asked from across the room if I was opening accounts for the children ( my 3 grandsons were with me)..I said yes for the oldest and for myself. I was asked if we had my grandson's birth certificate and social security card. We did not..I had called earlier to inquire about account availability for minors..that would have been a goid time to let me know we would need those documents. I was nevet asked what kind of accounts I wanted to open. Having worked in the Branch Banking girld for over 30 yeats I have to call them out for really bad customer service. I woild never have turned a potential new customer away. I have opened hundreds of savings accounts for minors and have never been required by any of the banks I have worked to do so. She did not ask if he would be a signer or a beneficiary. I did not feel welcomed..it was lunch time...I know it's annoying when customers come in at lunch time and I truly think the woman just wanted to get her lunch break. Maybe it was the kids..not sure but I did nit feel welcome and will not be bringing my banking relationship to this bank. Since they didn't ask they don't even know what my relationship consists of...their loss!!
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Irritated customer
July 7, 2020
Customer support is totally useless. The bank locked me out of my accounts because my mother died and they were too stupid to read the paperwork. They determined that I had died instead. Now they can’t understand that they screwed up and keep passing me off to different people. Worst bank ever!!
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