Blue Hills Bank

Headquarters

1196 River Street
Boston, MA 02136
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.65% 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Blue Hills Bank is an FDIC insured institution located in Boston, MA. It was founded in 1871 and has approximately $2.49 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 90160
Date Established 1871
Assets $ 2.78 billion
Loans $ 2.08 billion
Deposits $ 1,943.23 million
Capital $ 354.29 million
 

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

Deposit Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Ultimate Savings
0.65% $10 - Learn More



Loan Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Blue Hills Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Blue Hills Bank
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Branches

Blue Hills 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:
Fairfield,Connecticut


Blue Hills Bank Locations


Financial Details

Blue Hills Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Blue Hills 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
Blue Hills Bank U.S. Bank Average
3.62% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, Blue Hills Bank had $10,426,000 in non-current loans and $3,020,000 in owned real estate. To cover these potential losses it had $354,287,000 in equity and $17,387,000 in loans loss reserves. That gives it a Texas Ratio of 3.62%.

Return on Equity
Blue Hills Bank U.S. Bank Average
8.26% 7.80%

Blue Hills Bank has a Return on Equity of 8.26% versus the BestCashCow average of 7.80%. 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
Blue Hills Bank U.S. Bank Average
12.73% 12.68%

Blue Hills Bank has a Capitalization of 12.73% versus the BestCashCow average of 12.68. 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.

Blue Hills Bank Balance Sheet Analysis

As of March 31, 2019, Blue Hills Bank had assets of $2,493,674,000, loans of $2,082,953,000, and deposits of $1,943,234,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 48.58 million
Interest-bearing balances $ 32.73 million
Total securities $ 207.59 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.08 billion
Loan loss allowance $ 17.39 million
Trading account assets $ 13.08 million
Bank premises and fixed assets N.A.
Other real estate owned $ 3.02 million
Goodwill and other intangibles $ 11.32 million
All other assets $ 91.97 million
     Total Assets $ 2.14 billion
LIABILITIES
Total deposits $ 1,943.23 million
      Interest-bearing deposits $ 1,673.71 million
      Deposits held in domestic offices $ 1,943.23 million
      % insured (estimated) 62.72%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 13.06 million
Other borrowed funds $ 142.70 million
Subordinated debt N.A.
All other liabilities $ 40.39 million
      Total Liabilities $ 2.14 billion
      Shareholders’ Equity $ 642.64 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 28.10 million
Total Interest Expense $ 8.25 million
Net interest income $ 19.86 million
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense $ 22.13 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Blue Hills Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Massachusetts, Blue Hills Bank 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 43.34
Multifamily
Mortgages
4.18
Credit Card Loans 0.00
Consumer Auto Loans 0.47
Small Business Loans 0.88
Construction and Development Loans 4.11
Commercial Real Estate 34.45
Commercial and Industrial Loans 12.90
Farm Loans 0.00

Frequently Asked Questions About Blue Hills Bank

Branches and Savings

Is Blue Hills Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90160.

Why does Blue Hills Bank pay such low interest on savings accounts?

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

Why are Blue Hills Bank CD rates not competitive?

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

Is Blue Hills Bank a commercial bank?

Yes

Where are Blue Hills Bank locations?

See branch locations nearby.

Is Blue Hills Bank open on Saturdays?

Is Blue Hills Bank open on Sundays?

What time does Blue Hills Bank open?

What time does Blue Hills Bank close?

Are Blue Hills Bank ATMs Open 24/7?

Do Blue Hills Bank ATMs accept cash deposits?

Can Blue Hills Bank customers use other ATMs?

Do Blue Hills Bank branches have notaries?

Will Blue Hills Bank notarize my document?

What address for Blue Hills Bank should I put for incoming ACH transfers?

Will the Blue Hills Bank branch print checks?

Do Blue Hills Bank checks expire?

Does Blue Hills Bank require US citizenship to open account?

Can Blue Hills Bank close my account?

Does Blue Hills Bank Report to credit bureaus?

Does Blue Hills Bank Use Equifax?

What is Blue Hills Bank's ACH Routing Number?

What is Blue Hills Bank's SWIFT code?

Products

Does Blue Hills Bank offer mortgages?

Compare mortgage rates here.

Does Blue Hills Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Blue Hills Bank offer personal loans?

Compare personal loan rates here.

Does Blue Hills Bank offer student loans?

Will Blue Hills Bank cash a check?

Will Blue Hills Bank redeem a savings bond?

Does Blue Hills Bank cash savings bonds?

Will Blue Hills Bank cash money orders?

Can Blue Hills Bank issue a money order?

Does Blue Hills Bank do currency exchange?

Background on The Bank

Who owns Blue Hills Bank?

How long has Blue Hills Bank been around?

Can Blue Hills Bank transfer to other banks?

Does Blue Hills Bank have quick pay?

Does Blue Hills Bank accept rolled coins?

Will Blue Hills Bank accept loose change?

Where is Blue Hills Bank headquarters?

Customer Reviews for Blue Hills Bank


  • January 29, 2015

    Blue Hills Bank APY reduced from 2.10% to 1.85% on the 5-year bump account on January 25, 2015.

    https://www.bluehillsbank.com/rates/deposit-rates/

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