160 Main Street
Gloucester, MA 01930

Notable Rates APY Vs.Others
Savings N.A. 2.25% →
1-Year CD N.A. 2.25% →
2-Year CD N.A. 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

BankGloucester is an FDIC insured institution located in Gloucester, MA. It was founded in 1887 and has approximately $0.28 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 26536
Date Established 1887
Assets $0.28 billion
Loans $0.23 billion
Deposits $0.23 billion
Capital $0.02 billion

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

Deposit Rates - December 15, 2019

Your Current Location: Washington, WA 98101

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

Advertiser Disclosure
Checking Rates APY MIN FEE
Platinum Reward Checking 1.76% $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 - December 15, 2019

Your Current Location: Washington, WA 98101

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More
NMLS ID: 2890
License#: 520-CL-25944
3.625% 3.625% -0.13 ($222) $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$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
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to BankGloucester
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BankGloucester branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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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
21.27% 6.77%

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 June 30, 2019, BankGloucester had $5,307,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $23,157,000 in equity and $1,794,000 in loans loss reserves. That gives it a Texas Ratio of 21.27%.

Return on Equity
BankGloucester U.S. Bank Average
7.26% 9.50%

BankGloucester has a Return on Equity of 7.26% versus the BestCashCow average of 9.50%. 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
8.3% 12.76%

BankGloucester has a Capitalization of 8.3% versus the BestCashCow average of 12.76. 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.

BankGloucester Balance Sheet Analysis

As of June 30, 2019, BankGloucester had assets of $279,063,000, loans of $232,250,000, and deposits of $233,374,000. 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

June 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.23 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 $0.00 billion
     Total Assets $0.26 billion
Total deposits $0.23 billion
      Interest-bearing deposits $0.21 billion
      Deposits held in domestic offices $0.23 billion
      % insured (estimated) 82.96%
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 $0.26 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

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

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, BankGloucester’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 62.55
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 12.10
Construction and Development Loans 10.35
Commercial Real Estate 21.04
Commercial and Industrial Loans 4.43
Farm Loans 0.00

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?


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?


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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