BankGloucester

160 Main Street
Gloucester, MA 01930

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26536
Date Established 1887
Assets $0.24 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 $0.24 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 Small Business 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 48.76
Multifamily
Mortgages
1.99
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 12.98
Construction and Development Loans 9.48
Commercial Real Estate 34.94
Commercial and Industrial Loans 5.20
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:


Checking Rates APY MIN FEE
Platinum 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

There are currently no loan rates available for BankGloucester

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

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

Branches

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:
Ashburn,Virginia


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 BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
BankGloucester U.S. Bank Average
10.88% 8.45

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 June 30, 2017, BankGloucester had $2,337,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,884,000 in equity and $1,602,000 in loans loss reserves. That gives it a Texas Ratio of 10.88%. 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
6.07% 8.58

BankGloucester has a Return on Equity of 6.07% versus the BestCashCow average of 8.58. 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
BankGloucester U.S. Bank Average
8.38% 12.11

BankGloucester has a Capitalization of 8.38% versus the BestCashCow average of 12.11. 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 June 30, 2017, BankGloucester had assets of $237,407,000, loans of $197,385,000, and deposits of $203,859,000. 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.

Frequently Asked Questions About BankGloucester

Branches and Savings

Is BankGloucester FDIC insured?

Yes. It is covered under FDIC Certificate #26536.

Why does BankGloucester pay such low interest on savings accounts?

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

Why are BankGloucester CD rates not competitive?

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

Is BankGloucester a commercial bank?

Yes

Where are BankGloucester locations?

See branch locations nearby.

Is BankGloucester open on Saturdays?

Is BankGloucester open on Sundays?

What time does BankGloucester open?

What time does BankGloucester close?

Are BankGloucester ATMs Open 24/7?

Do BankGloucester ATMs accept cash deposits?

Can BankGloucester customers use other ATMs?

Do BankGloucester branches have notaries?

Will BankGloucester notarize my document?

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

Will the BankGloucester branch print checks?

Do BankGloucester checks expire?

Does BankGloucester require US citizenship to open account?

Can BankGloucester close my account?

Does BankGloucester Report to credit bureaus?

Does BankGloucester Use Equifax?

What is BankGloucester's ACH Routing Number?

What is BankGloucester's SWIFT code?

Products

Does BankGloucester offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does BankGloucester offer personal loans?

Compare personal loan rates here.

Does BankGloucester offer student loans?

Will BankGloucester cash a check?

Will BankGloucester redeem a savings bond?

Does BankGloucester cash savings bonds?

Will BankGloucester cash money orders?

Can BankGloucester issue a money order?

Does BankGloucester do currency exchange?

Background on The Bank

Who owns BankGloucester?

How long has BankGloucester been around?

Can BankGloucester transfer to other banks?

Does BankGloucester have quick pay?

Does BankGloucester accept rolled coins?

Will BankGloucester accept loose change?

Where is BankGloucester headquarters?

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