BayCoast Bank

330 Swansea Drive
Swansea, MA 02777

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 90196
Date Established 1851
Assets $1.68 billion
Loans $1.35 billion
Deposits $1.31 billion
Capital $0.16 billion

BayCoast Bank is an FDIC insured institution located in Swansea, MA. It was founded in 1851 and has approximately $1.68 billion in assets. Customers can open an account at one of its 20 branches.

For a more detailed analysis of BayCoast Bank'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 BayCoast Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Massachusetts, BayCoast Bank has a significantly higher percent of Commercial Real Estate, Farm 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 33.14
Multifamily
Mortgages
5.56
Credit Card Loans 0.00
Consumer Auto Loans 0.43
Small Business Loans 10.57
Construction and Development Loans 7.97
Commercial Real Estate 33.82
Commercial and Industrial Loans 11.52
Farm Loans 1.21

Deposit Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 $9,999 Learn MoreShow Less
Money Market
0.15% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.35% $10 - Learn MoreShow Less
6 Mo CD
0.45% $10 - Learn MoreShow Less
Special: 10 Mo CD
2.50% $10 - Learn MoreShow Less
12 Mo CD
1.20% $10 - Learn MoreShow Less
18 Mo CD
1.20% $10 - Learn MoreShow Less
Special: 24 Mo CD
2.50% $10 - Learn MoreShow Less
24 Mo CD
1.00% $10 - Learn MoreShow Less
30 Mo CD
1.00% $10 - Learn MoreShow Less
36 Mo CD
1.15% $10 - Learn MoreShow Less
48 Mo CD
1.90% $10 - Learn MoreShow Less
60 Mo CD
1.90% $10 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.20% $10 $99,999 Learn MoreShow Less
Special: 10 Mo FIRA
2.50% $10 - Learn MoreShow Less
Special: 24 Mo FIRA
2.50% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less
Checking Rates APY MIN FEE
Active Checking 0.00% $1,500 $10.00 Learn MoreShow Less
Preferred Checking 0.00% $0 $15.00 Learn MoreShow Less
Direct Checking 0.00% $1,500 $3.00 Learn MoreShow Less

Loan Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BayCoast Bank

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

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

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

Branches

BayCoast Bank 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


BayCoast Bank Locations


Financial Details

BayCoast Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BayCoast Bank. 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
BayCoast Bank U.S. Bank Average
3.18% 6.97%

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 December 31, 2018, BayCoast Bank had $4,793,000 in non-current loans and $461,000 in owned real estate. To cover these potential losses it had $156,073,000 in equity and $9,320,000 in loans loss reserves. That gives it a Texas Ratio of 3.18%.

Return on Equity
BayCoast Bank U.S. Bank Average
5.57% 8.80%

BayCoast Bank has a Return on Equity of 5.57% versus the BestCashCow average of 8.80%. 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
BayCoast Bank U.S. Bank Average
9.28% 12.29%

BayCoast Bank has a Capitalization of 9.28% versus the BestCashCow average of 12.29. 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.

BayCoast Bank Balance Sheet Analysis

As of December 31, 2018, BayCoast Bank had assets of $1,682,487,000, loans of $1,347,037,000, and deposits of $1,311,989,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.00 billion
Total securities $0.18 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.35 billion
Loan loss allowance $0.01 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 $0.02 billion
All other assets $0.07 billion
     Total Assets $1.53 billion
LIABILITIES
Total deposits $1.31 billion
      Interest-bearing deposits $1.04 billion
      Deposits held in domestic offices $1.31 billion
      % insured (estimated) 73.89%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.18 billion
Subordinated debt $0.00 billion
All other liabilities $0.03 billion
      Total Liabilities $1.53 billion
      Shareholders’ Equity $0.16 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.06 billion
Total Interest Expense $0.01 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.03 billion
Total non interest expense $0.06 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Baycoast Bank

Branches and Savings

Is Baycoast Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90196.

Why does Baycoast Bank pay such low interest on savings accounts?

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

Why are Baycoast Bank CD rates not competitive?

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

Is Baycoast Bank a commercial bank?

Yes

Where are Baycoast Bank locations?

See branch locations nearby.

Is Baycoast Bank open on Saturdays?

Is Baycoast Bank open on Sundays?

What time does Baycoast Bank open?

What time does Baycoast Bank close?

Are Baycoast Bank ATMs Open 24/7?

Do Baycoast Bank ATMs accept cash deposits?

Can Baycoast Bank customers use other ATMs?

Do Baycoast Bank branches have notaries?

Will Baycoast Bank notarize my document?

What address for Baycoast Bank should I put for incoming ACH transfers?

Will the Baycoast Bank branch print checks?

Do Baycoast Bank checks expire?

Does Baycoast Bank require US citizenship to open account?

Can Baycoast Bank close my account?

Does Baycoast Bank Report to credit bureaus?

Does Baycoast Bank Use Equifax?

What is Baycoast Bank's ACH Routing Number?

What is Baycoast Bank's SWIFT code?

Products

Does Baycoast Bank offer mortgages?

Compare mortgage rates here.

Does Baycoast Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Baycoast Bank offer personal loans?

Compare personal loan rates here.

Does Baycoast Bank offer student loans?

Will Baycoast Bank cash a check?

Will Baycoast Bank redeem a savings bond?

Does Baycoast Bank cash savings bonds?

Will Baycoast Bank cash money orders?

Can Baycoast Bank issue a money order?

Does Baycoast Bank do currency exchange?

Background on The Bank

Who owns Baycoast Bank?

How long has Baycoast Bank been around?

Can Baycoast Bank transfer to other banks?

Does Baycoast Bank have quick pay?

Does Baycoast Bank accept rolled coins?

Will Baycoast Bank accept loose change?

Where is Baycoast Bank headquarters?

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