1 Conant Street
Danvers, MA 01923
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Danversbank is an FDIC insured institution located in Danvers, MA. It was founded in 1850 and has approximately $2.58 billion in assets.

FDIC Insured Yes
FDIC Certificate # 90185
Date Established 1850
Assets $ 2.58 billion
Loans $ 1,852.75 million
Deposits $ 2.08 billion
Capital $ 235.54 million

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

Deposit Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Danversbank

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 2021

Lender APR Rate (%) Monthly
Learn More
Flagstar Bank, FSB
NMLS ID: 417490
3.151% 3.125%
0.38 points
$828 fees
$1,071 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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


Danversbank 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:

Danversbank Locations

Financial Details

Danversbank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Danversbank. 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
Danversbank U.S. Bank Average
4.24% 5.29%

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, 2021, Danversbank had $9,516,000 in non-current loans and $1,262,000 in owned real estate. To cover these potential losses it had $235,543,000 in equity and $18,469,000 in loans loss reserves. That gives it a Texas Ratio of 4.24%.

Return on Equity
Danversbank U.S. Bank Average
0.63% 11.43%

Danversbank has a Return on Equity of 0.63% versus the BestCashCow average of 11.43%. 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.

Danversbank U.S. Bank Average
9.12% 11.51%

Danversbank has a Capitalization of 9.12% versus the BestCashCow average of 11.51. 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.

Danversbank Balance Sheet Analysis

As of June 30, 2011, Danversbank had assets of $2,583,385,000, loans of $1,852,749,000, and deposits of $2,078,925,000. 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, 2021
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,852.75 million
Loan loss allowance $ 18.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.26 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 2.08 billion
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 2.58 billion

Summary Income Statement

March 31, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Danversbank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Danversbank’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Danversbank

Branches and Savings

Is Danversbank FDIC insured?

Yes. It is covered under FDIC Certificate #90185.

Why does Danversbank pay such low interest on savings accounts?

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

Why are Danversbank CD rates not competitive?

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

Is Danversbank a commercial bank?


Where are Danversbank locations?

See branch locations nearby.

Is Danversbank open on Saturdays?

Is Danversbank open on Sundays?

What time does Danversbank open?

What time does Danversbank close?

Are Danversbank ATMs Open 24/7?

Do Danversbank ATMs accept cash deposits?

Can Danversbank customers use other ATMs?

Do Danversbank branches have notaries?

Will Danversbank notarize my document?

What address for Danversbank should I put for incoming ACH transfers?

Will the Danversbank branch print checks?

Do Danversbank checks expire?

Does Danversbank require US citizenship to open account?

Can Danversbank close my account?

Does Danversbank Report to credit bureaus?

Does Danversbank Use Equifax?

What is Danversbank's ACH Routing Number?

What is Danversbank's SWIFT code?


Does Danversbank offer mortgages?

Compare mortgage rates here.

Does Danversbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Danversbank offer personal loans?

Compare personal loan rates here.

Does Danversbank offer student loans?

Will Danversbank cash a check?

Will Danversbank redeem a savings bond?

Does Danversbank cash savings bonds?

Will Danversbank cash money orders?

Can Danversbank issue a money order?

Does Danversbank do currency exchange?

Background on The Bank

Who owns Danversbank?

How long has Danversbank been around?

Can Danversbank transfer to other banks?

Does Danversbank have quick pay?

Does Danversbank accept rolled coins?

Will Danversbank accept loose change?

Where is Danversbank headquarters?

Customer Reviews for Danversbank

There are currently no comments for Danversbank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →