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 $0.36 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, Cape Ann Savings Bank’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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 73.95
Multifamily
Mortgages
5.23
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 9.05
Construction and Development Loans 5.50
Commercial Real Estate 12.43
Commercial and Industrial Loans 3.08
Farm Loans 0.16

Savings 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:

1.20% APY Online Savings Account from Ally Bank
1.50% APY 11 Month CD from Ally 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 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
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.950% 3.950% 0.00 $0 $1,187 Learn More

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

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
4.8% 8.87%

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 March 31, 2017, Cape Ann Savings Bank had $6,673,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $135,971,000 in equity and $3,029,000 in loans loss reserves. That gives it a Texas Ratio of 4.8%. 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
Cape Ann Savings Bank U.S. Bank Average
2.58% 8.39%

Cape Ann Savings Bank has a Return on Equity of 2.58% versus the BestCashCow average of 8.39%. 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
22.82% 11.94%

Cape Ann Savings Bank has a Capitalization of 22.82% versus the BestCashCow average of 11.94%. 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 June 30, 2017, Cape Ann Savings Bank had assets of $595,915,000, loans of $364,818,000, and deposits of $436,558,000. 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.

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