Bank of Easton

Headquarters

275 Washington Street
North Easton, MA 02356
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.00% →
1-Year CD 0.45% 0.95% →
2-Year CD 0.80% 1.05% →
5-Year CD 1.15% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of Easton is an FDIC insured institution located in North Easton, MA. It was founded in 1889 and has approximately $0.16 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 26554
Date Established 1889
Assets $ 162.41 million
Loans $ 88.97 million
Deposits $ 137.04 million
Capital $ 18.75 million
 

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

Deposit Rates - September 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
Premium Money Market Account
0.20% $10,000 $14,999 Learn More
Premium Money Market Account
0.20% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
Special: 9 Mo CD
0.80% $1,000 - Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
30 Mo CD
0.85% $10,000 $14,999 Learn More
30 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
0.95% $10,000 $14,999 Learn More
36 Mo CD
0.95% $100,000 $199,999 Learn More
48 Mo CD
1.05% $10,000 $14,999 Learn More
48 Mo CD
1.05% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 9 Mo FIRA
0.80% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Free Checking Account 0.00% $0 $0.00 Learn MoreShow Less
NOW Checking Account 0.00% $400 $0.00 Learn MoreShow Less

Loan Rates - September 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Easton

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
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,110 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Bank of Easton
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank of Easton 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:
Ashburn,Virginia


Bank of Easton Locations


Financial Details

Bank of Easton Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Easton. 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
Bank of Easton U.S. Bank Average
2.03% 6.94%

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 March 31, 2020, Bank of Easton had $391,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,754,000 in equity and $502,000 in loans loss reserves. That gives it a Texas Ratio of 2.03%.

Return on Equity
Bank of Easton U.S. Bank Average
7.74% 7.80%

Bank of Easton has a Return on Equity of 7.74% versus the BestCashCow average of 7.80%. 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
Bank of Easton U.S. Bank Average
11.55% 12.68%

Bank of Easton has a Capitalization of 11.55% versus the BestCashCow average of 12.68. 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.

Bank of Easton Balance Sheet Analysis

As of March 31, 2020, Bank of Easton had assets of $162,412,000, loans of $88,972,000, and deposits of $137,044,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 29.79 million
Interest-bearing balances $ 28.66 million
Total securities $ 36.18 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 88.97 million
Loan loss allowance $ 0.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 4.83 million
     Total Assets $ 143.66 million
LIABILITIES
Total deposits $ 137.04 million
      Interest-bearing deposits $ 109.27 million
      Deposits held in domestic offices $ 137.04 million
      % insured (estimated) 83.16%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.08 million
Subordinated debt N.A.
All other liabilities $ 0.54 million
      Total Liabilities $ 143.66 million
      Shareholders’ Equity $ 18.75 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.29 million
Total Interest Expense $ 0.33 million
Net interest income $ 0.96 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.10 million
Total non interest expense $ 0.59 million
Pre-tax Net Operating Income $ 0.46 million

Bank Loan Profile?

The top three loan types in Bank of Easton’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks in Massachusetts, Bank of Easton has a significantly higher percent of 1-4 Family Residential Loans 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 95.11
Multifamily
Mortgages
0.31
Credit Card Loans 0.00
Consumer Auto Loans 0.42
Small Business Loans 0.00
Construction and Development Loans 0.24
Commercial Real Estate 3.99
Commercial and Industrial Loans 0.09
Farm Loans 0.00

Frequently Asked Questions About Bank Of Easton

Branches and Savings

Is Bank Of Easton FDIC insured?

Yes. It is covered under FDIC Certificate #26554.

Why does Bank Of Easton pay such low interest on savings accounts?

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

Why are Bank Of Easton CD rates not competitive?

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

Is Bank Of Easton a commercial bank?

Yes

Where are Bank Of Easton locations?

See branch locations nearby.

Is Bank Of Easton open on Saturdays?

Is Bank Of Easton open on Sundays?

What time does Bank Of Easton open?

What time does Bank Of Easton close?

Are Bank Of Easton ATMs Open 24/7?

Do Bank Of Easton ATMs accept cash deposits?

Can Bank Of Easton customers use other ATMs?

Do Bank Of Easton branches have notaries?

Will Bank Of Easton notarize my document?

What address for Bank Of Easton should I put for incoming ACH transfers?

Will the Bank Of Easton branch print checks?

Do Bank Of Easton checks expire?

Does Bank Of Easton require US citizenship to open account?

Can Bank Of Easton close my account?

Does Bank Of Easton Report to credit bureaus?

Does Bank Of Easton Use Equifax?

What is Bank Of Easton's ACH Routing Number?

What is Bank Of Easton's SWIFT code?

Products

Does Bank Of Easton offer mortgages?

Compare mortgage rates here.

Does Bank Of Easton offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Easton offer personal loans?

Compare personal loan rates here.

Does Bank Of Easton offer student loans?

Will Bank Of Easton cash a check?

Will Bank Of Easton redeem a savings bond?

Does Bank Of Easton cash savings bonds?

Will Bank Of Easton cash money orders?

Can Bank Of Easton issue a money order?

Does Bank Of Easton do currency exchange?

Background on The Bank

Who owns Bank Of Easton?

How long has Bank Of Easton been around?

Can Bank Of Easton transfer to other banks?

Does Bank Of Easton have quick pay?

Does Bank Of Easton accept rolled coins?

Will Bank Of Easton accept loose change?

Where is Bank Of Easton headquarters?

Customer Reviews for Bank of Easton

There are currently no comments for Bank of Easton. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →