Cape Ann Savings Bank

109 Main Street
Gloucester, MA 01930

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 90203
Date Established 1846
Assets $0.60 billion
Loans $0.37 billion
Deposits $0.44 billion
Capital $0.14 billion

Cape Ann Savings Bank is an FDIC insured institution located in Gloucester, MA. It was founded in 1846 and has approximately $0.6 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of Cape Ann Savings 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 Cape Ann Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Massachusetts, Cape Ann Savings Bank has a significantly higher percent of Small Business 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 75.25
Multifamily
Mortgages
5.49
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 8.91
Construction and Development Loans 3.98
Commercial Real Estate 12.47
Commercial and Industrial Loans 3.04
Farm Loans 0.15

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Cape Ann Savings Bank, but see these great savings and CD rates:

2.00% APY 12 Month CD from Synchrony Bank

Checking Rates APY MIN FEE
Free NOW Checking Account 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Cape Ann Savings 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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
3.930% 3.875% 0.25 $1,787 $1,176 Learn More
PenFed Credit Union
NMLS ID: 401822
4.073% 3.990% 0.00 $2,500 $1,193 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.490% $224.24 Learn More
Flagstar Bank 5.240% $275.79 Learn More

Note to Cape Ann Savings Bank
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Branches

Cape Ann Savings 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


Cape Ann Savings Bank Locations

Financial Details

Cape Ann Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cape Ann Savings 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
Cape Ann Savings Bank U.S. Bank Average
5.63% 8.32%

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 September 30, 2017, Cape Ann Savings Bank had $7,980,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $138,603,000 in equity and $3,029,000 in loans loss reserves. That gives it a Texas Ratio of 5.63%.

Return on Equity
Cape Ann Savings Bank U.S. Bank Average
2.79% 8.84%

Cape Ann Savings Bank has a Return on Equity of 2.79% versus the BestCashCow average of 8.84%. 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
Cape Ann Savings Bank U.S. Bank Average
22.96% 12.21%

Cape Ann Savings Bank has a Capitalization of 22.96% versus the BestCashCow average of 12.21. 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.

Cape Ann Savings Bank Balance Sheet Analysis

As of September 30, 2017, Cape Ann Savings Bank had assets of $603,651,000, loans of $372,332,000, and deposits of $439,746,000. 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 Cape Ann Savings Bank

Branches and Savings

Is Cape Ann Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90203.

Why does Cape Ann Savings Bank pay such low interest on savings accounts?

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

Why are Cape Ann Savings Bank CD rates not competitive?

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

Is Cape Ann Savings Bank a commercial bank?

Yes

Where are Cape Ann Savings Bank locations?

See branch locations nearby.

Is Cape Ann Savings Bank open on Saturdays?

Is Cape Ann Savings Bank open on Sundays?

What time does Cape Ann Savings Bank open?

What time does Cape Ann Savings Bank close?

Are Cape Ann Savings Bank ATMs Open 24/7?

Do Cape Ann Savings Bank ATMs accept cash deposits?

Can Cape Ann Savings Bank customers use other ATMs?

Do Cape Ann Savings Bank branches have notaries?

Will Cape Ann Savings Bank notarize my document?

What address for Cape Ann Savings Bank should I put for incoming ACH transfers?

Will the Cape Ann Savings Bank branch print checks?

Do Cape Ann Savings Bank checks expire?

Does Cape Ann Savings Bank require US citizenship to open account?

Can Cape Ann Savings Bank close my account?

Does Cape Ann Savings Bank Report to credit bureaus?

Does Cape Ann Savings Bank Use Equifax?

What is Cape Ann Savings Bank's ACH Routing Number?

What is Cape Ann Savings Bank's SWIFT code?

Products

Does Cape Ann Savings Bank offer mortgages?

Compare mortgage rates here.

Does Cape Ann Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cape Ann Savings Bank offer personal loans?

Compare personal loan rates here.

Does Cape Ann Savings Bank offer student loans?

Will Cape Ann Savings Bank cash a check?

Will Cape Ann Savings Bank redeem a savings bond?

Does Cape Ann Savings Bank cash savings bonds?

Will Cape Ann Savings Bank cash money orders?

Can Cape Ann Savings Bank issue a money order?

Does Cape Ann Savings Bank do currency exchange?

Background on The Bank

Who owns Cape Ann Savings Bank?

How long has Cape Ann Savings Bank been around?

Can Cape Ann Savings Bank transfer to other banks?

Does Cape Ann Savings Bank have quick pay?

Does Cape Ann Savings Bank accept rolled coins?

Will Cape Ann Savings Bank accept loose change?

Where is Cape Ann Savings Bank headquarters?

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