Beverly Bank

254 Cabot Street
Beverly, MA 01915

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26601
Date Established 1888
Assets $0.44 billion
Loans $0.36 billion
Deposits $0.38 billion
Capital $0.04 billion

Beverly Bank is an FDIC insured institution located in Beverly, MA. It was founded in 1888 and has approximately $0.44 billion in assets. Customers can open an account at one of its 5 branches.

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

Compared to other banks in Massachusetts, Beverly Bank has a significantly higher percent of Multifamily Mortgages 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 49.69
Multifamily
Mortgages
19.46
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 9.75
Construction and Development Loans 7.31
Commercial Real Estate 17.61
Commercial and Industrial Loans 6.78
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $500 - Learn MoreShow Less
6 Mo CD 10K
0.30% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.50% $500 - Learn MoreShow Less
Special: 15 Mo FIRA
1.75% $500 - Learn MoreShow Less
Special: 20 Mo FIRA
2.00% $500 - Learn MoreShow Less
Special: 30 Mo FIRA
2.15% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.10% $10 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.20% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.25% $25,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $10 - Learn MoreShow Less
Checking Rates APY MIN FEE
Cooperative Checking 0.00% $100 $0.00 Learn MoreShow Less
NOW Checking 0.00% $500 $0.00 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Beverly Bank

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

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

Branches

Beverly 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


Beverly Bank Locations

Financial Details

Beverly Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Beverly 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
Beverly Bank U.S. Bank Average
4.81% 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, Beverly Bank had $2,031,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $38,155,000 in equity and $4,091,000 in loans loss reserves. That gives it a Texas Ratio of 4.81%. 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
Beverly Bank U.S. Bank Average
5.59% 8.58

Beverly Bank has a Return on Equity of 5.59% 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
Beverly Bank U.S. Bank Average
8.74% 12.11

Beverly Bank has a Capitalization of 8.74% 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.

Beverly Bank Balance Sheet Analysis

As of June 30, 2017, Beverly Bank had assets of $436,401,000, loans of $362,558,000, and deposits of $381,942,000. 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 Beverly Bank

Branches and Savings

Is Beverly Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26601.

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

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

Why are Beverly Bank CD rates not competitive?

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

Is Beverly Bank a commercial bank?

Yes

Where are Beverly Bank locations?

See branch locations nearby.

Is Beverly Bank open on Saturdays?

Is Beverly Bank open on Sundays?

What time does Beverly Bank open?

What time does Beverly Bank close?

Are Beverly Bank ATMs Open 24/7?

Do Beverly Bank ATMs accept cash deposits?

Can Beverly Bank customers use other ATMs?

Do Beverly Bank branches have notaries?

Will Beverly Bank notarize my document?

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

Will the Beverly Bank branch print checks?

Do Beverly Bank checks expire?

Does Beverly Bank require US citizenship to open account?

Can Beverly Bank close my account?

Does Beverly Bank Report to credit bureaus?

Does Beverly Bank Use Equifax?

What is Beverly Bank's ACH Routing Number?

What is Beverly Bank's SWIFT code?

Products

Does Beverly Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Beverly Bank offer personal loans?

Compare personal loan rates here.

Does Beverly Bank offer student loans?

Will Beverly Bank cash a check?

Will Beverly Bank redeem a savings bond?

Does Beverly Bank cash savings bonds?

Will Beverly Bank cash money orders?

Can Beverly Bank issue a money order?

Does Beverly Bank do currency exchange?

Background on The Bank

Who owns Beverly Bank?

How long has Beverly Bank been around?

Can Beverly Bank transfer to other banks?

Does Beverly Bank have quick pay?

Does Beverly Bank accept rolled coins?

Will Beverly Bank accept loose change?

Where is Beverly Bank headquarters?

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