579 Boylston Street
Boston, MA 02116

Notable Rates APY Vs.Others
Savings N.A. 2.20% →
1-Year CD N.A. 2.20% →
2-Year CD N.A. 2.20% →
5-Year CD N.A. 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

ETHIC is an FDIC insured institution located in Boston, MA. It was founded in 1967 and has approximately $0.22 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 27015
Date Established 1967
Assets $0.22 billion
Loans $0.18 billion
Deposits $0.16 billion
Capital $0.03 billion

For a more detailed analysis of ETHIC's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - February 21, 2020

Your Current Location: Virginia, VA 20146

There are currently no rates available for Ethic, but see these great savings and CD rates:

Advertiser Disclosure
Checking Rates APY MIN FEE
Admirals Advantage Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - February 21, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for ETHIC

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
3.375% 3.375% 0.00 ($22) $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to ETHIC
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Financial Details

ETHIC Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of ETHIC. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
ETHIC U.S. Bank Average
2% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2019, ETHIC had $731,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $34,823,000 in equity and $1,690,000 in loans loss reserves. That gives it a Texas Ratio of 2%.

Return on Equity
ETHIC U.S. Bank Average
-31.06% 9.72%

ETHIC has a Return on Equity of -31.06% versus the BestCashCow average of 9.72%. 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.

ETHIC U.S. Bank Average
16.09% 12.89%

ETHIC has a Capitalization of 16.09% versus the BestCashCow average of 12.89. 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.

ETHIC Balance Sheet Analysis

As of September 30, 2019, ETHIC had assets of $216,403,000, loans of $184,395,000, and deposits of $162,913,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.18 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.18 billion
Total deposits $0.16 billion
      Interest-bearing deposits $0.16 billion
      Deposits held in domestic offices $0.16 billion
      % insured (estimated) 74.04%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.18 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $-0.01 billion

Bank Loan Profile?

The top three loan types in ETHIC’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and 1-4 Family Residential Loans.

Compared to other banks in Massachusetts, ETHIC has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.21
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.05
Commercial Real Estate 32.92
Commercial and Industrial Loans 1.73
Farm Loans 0.00

Frequently Asked Questions About Ethic

Branches and Savings

Is Ethic FDIC insured?

Yes. It is covered under FDIC Certificate #27015.

Why does Ethic pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Ethic CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Ethic a commercial bank?


Where are Ethic locations?

See branch locations nearby.

Is Ethic open on Saturdays?

Is Ethic open on Sundays?

What time does Ethic open?

What time does Ethic close?

Are Ethic ATMs Open 24/7?

Do Ethic ATMs accept cash deposits?

Can Ethic customers use other ATMs?

Do Ethic branches have notaries?

Will Ethic notarize my document?

What address for Ethic should I put for incoming ACH transfers?

Will the Ethic branch print checks?

Do Ethic checks expire?

Does Ethic require US citizenship to open account?

Can Ethic close my account?

Does Ethic Report to credit bureaus?

Does Ethic Use Equifax?

What is Ethic's ACH Routing Number?

What is Ethic's SWIFT code?


Does Ethic offer mortgages?

Compare mortgage rates here.

Does Ethic offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ethic offer personal loans?

Compare personal loan rates here.

Does Ethic offer student loans?

Will Ethic cash a check?

Will Ethic redeem a savings bond?

Does Ethic cash savings bonds?

Will Ethic cash money orders?

Can Ethic issue a money order?

Does Ethic do currency exchange?

Background on The Bank

Who owns Ethic?

How long has Ethic been around?

Can Ethic transfer to other banks?

Does Ethic have quick pay?

Does Ethic accept rolled coins?

Will Ethic accept loose change?

Where is Ethic headquarters?

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