160 Main Street
Gloucester, MA 01930


General Bank Information

FDIC Insured Yes
FDIC Certificate # 26536
Date Established 1887
Assets $0.23 billion
Loans $0.20 billion
Deposits $0.20 billion
Capital $0.02 billion

BankGloucester is an FDIC insured institution located in Gloucester, MA. It was founded in 1887 and has approximately $0.23 billion in assets. Customers can open an account at one of its 2 branches.

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

Bank Loan Profile?

The top three loan types in BankGloucester’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Massachusetts, BankGloucester has a significantly higher percent of Commercial Real Estate 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 49.76
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 0.00
Construction and Development Loans 8.74
Commercial Real Estate 34.48
Commercial and Industrial Loans 5.30
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

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

1.20% APY High Yield Savings from Synchrony Bank
1.40% APY 12 Month CD from Synchrony Bank
1.45% APY 18 Month CD from Synchrony Bank
1.55% APY 15 Month CD from Synchrony Bank
1.65% APY 2 Year CD from Synchrony Bank
1.85% APY 3 Year CD from Synchrony Bank
2.00% APY 4 Year CD from Synchrony Bank
2.35% APY 60 Month CD from Synchrony Bank

Checking Rates APY MIN FEE
Reward Checking 1.51% $0 $0.00 Learn MoreShow Less
Absolutely Free Checking 0.00% $0 $0.00 Learn MoreShow Less
Platinum Interest Checking 0.10% $1,000 $8.00 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.

There are currently no rates available for BankGloucester

We're working to get rates for every bank in the world. Please bare with us until we are able to get rates for this bank.

Back to BankGloucester

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


BankGloucester 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:

Bankgloucester Locations

Financial Details

BankGloucester Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankGloucester. 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
BankGloucester U.S. Bank Average
12.44% 8.87%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of March 31, 2017, BankGloucester had $2,619,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,537,000 in equity and $1,515,000 in loans loss reserves. That gives it a Texas Ratio of 12.44%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
BankGloucester U.S. Bank Average
5.59% 8.39%

BankGloucester has a Return on Equity of 5.59% versus the BestCashCow average of 8.39%. 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.

BankGloucester U.S. Bank Average
8.32% 11.94%

BankGloucester has a Capitalization of 8.32% versus the BestCashCow average of 11.94%. 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.

BankGloucester Balance Sheet Analysis

As of March 31, 2017, BankGloucester had assets of $234,730,000, loans of $195,675,000, and deposits of $201,594,000. 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.

Customer Reviews for BankGloucester

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

Add Your Review

Rate it here →