East Cambridge Savings Bank

Headquarters

292 Cambridge Street
Cambridge, MA 02141
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 0.50% 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

East Cambridge Savings Bank is an FDIC insured institution located in Cambridge, MA. It was founded in 1854 and has approximately $1.15 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 90173
Date Established 1854
Assets $ 1,150.63 million
Loans $ 900.17 million
Deposits $ 966.42 million
Capital $ 116.00 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
Premium Money Market Account
0.20% $10,000 $14,999 Learn More
Premium Money Market Account
0.20% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
East Cambridge Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for East Cambridge Savings Bank

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info

Note to East Cambridge Savings Bank
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Branches

East Cambridge 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:
Seattle,Washington


East Cambridge Savings Bank Locations


Financial Details

East Cambridge Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of East Cambridge 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
East Cambridge Savings Bank U.S. Bank Average
2.61% 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, East Cambridge Savings Bank had $3,103,000 in non-current loans and $81,000 in owned real estate. To cover these potential losses it had $116,002,000 in equity and $5,856,000 in loans loss reserves. That gives it a Texas Ratio of 2.61%.

Return on Equity
East Cambridge Savings Bank U.S. Bank Average
3.32% 7.80%

East Cambridge Savings Bank has a Return on Equity of 3.32% 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
East Cambridge Savings Bank U.S. Bank Average
10.08% 12.68%

East Cambridge Savings Bank has a Capitalization of 10.08% 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.

East Cambridge Savings Bank Balance Sheet Analysis

As of March 31, 2020, East Cambridge Savings Bank had assets of $1,150,627,000, loans of $900,167,000, and deposits of $966,416,000. 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 $ 67.82 million
Interest-bearing balances $ 63.53 million
Total securities $ 122.23 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 900.17 million
Loan loss allowance $ 5.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles $ 0.48 million
All other assets $ 44.24 million
     Total Assets $ 1,034.63 million
LIABILITIES
Total deposits $ 966.42 million
      Interest-bearing deposits $ 843.26 million
      Deposits held in domestic offices $ 966.42 million
      % insured (estimated) 73.82%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 51.15 million
Subordinated debt N.A.
All other liabilities $ 17.06 million
      Total Liabilities $ 1,034.63 million
      Shareholders’ Equity $ 116.00 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.61 million
Total Interest Expense $ 2.78 million
Net interest income $ 7.82 million
Provision for loan and lease losses $ 0.65 million
Total non interest income $ 0.96 million
Total non interest expense $ 6.98 million
Pre-tax Net Operating Income $ 1.16 million

Bank Loan Profile?

The top three loan types in East Cambridge Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks, East Cambridge 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 61.01
Multifamily
Mortgages
10.94
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 3.59
Construction and Development Loans 7.02
Commercial Real Estate 17.52
Commercial and Industrial Loans 2.98
Farm Loans 0.00

Frequently Asked Questions About East Cambridge Savings Bank

Branches and Savings

Is East Cambridge Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90173.

Why does East Cambridge 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 East Cambridge Savings Bank CD rates not competitive?

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

Is East Cambridge Savings Bank a commercial bank?

Yes

Where are East Cambridge Savings Bank locations?

See branch locations nearby.

Is East Cambridge Savings Bank open on Saturdays?

Is East Cambridge Savings Bank open on Sundays?

What time does East Cambridge Savings Bank open?

What time does East Cambridge Savings Bank close?

Are East Cambridge Savings Bank ATMs Open 24/7?

Do East Cambridge Savings Bank ATMs accept cash deposits?

Can East Cambridge Savings Bank customers use other ATMs?

Do East Cambridge Savings Bank branches have notaries?

Will East Cambridge Savings Bank notarize my document?

What address for East Cambridge Savings Bank should I put for incoming ACH transfers?

Will the East Cambridge Savings Bank branch print checks?

Do East Cambridge Savings Bank checks expire?

Does East Cambridge Savings Bank require US citizenship to open account?

Can East Cambridge Savings Bank close my account?

Does East Cambridge Savings Bank Report to credit bureaus?

Does East Cambridge Savings Bank Use Equifax?

What is East Cambridge Savings Bank's ACH Routing Number?

What is East Cambridge Savings Bank's SWIFT code?

Products

Does East Cambridge Savings Bank offer mortgages?

Compare mortgage rates here.

Does East Cambridge Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does East Cambridge Savings Bank offer personal loans?

Compare personal loan rates here.

Does East Cambridge Savings Bank offer student loans?

Will East Cambridge Savings Bank cash a check?

Will East Cambridge Savings Bank redeem a savings bond?

Does East Cambridge Savings Bank cash savings bonds?

Will East Cambridge Savings Bank cash money orders?

Can East Cambridge Savings Bank issue a money order?

Does East Cambridge Savings Bank do currency exchange?

Background on The Bank

Who owns East Cambridge Savings Bank?

How long has East Cambridge Savings Bank been around?

Can East Cambridge Savings Bank transfer to other banks?

Does East Cambridge Savings Bank have quick pay?

Does East Cambridge Savings Bank accept rolled coins?

Will East Cambridge Savings Bank accept loose change?

Where is East Cambridge Savings Bank headquarters?

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