Equitable Bank

744 Broad Street
East Weymouth, MA 02189

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26591
Date Established 1889
Assets $0.33 billion
Loans $0.26 billion
Deposits $0.29 billion
Capital $0.03 billion

Equitable Bank is an FDIC insured institution located in East Weymouth, MA. It was founded in 1889 and has approximately $0.33 billion in assets. Customers can open an account at one of its 7 branches.

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

Compared to other banks in Massachusetts, Equitable 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 57.73
Multifamily
Mortgages
5.75
Credit Card Loans 0.00
Consumer Auto Loans 0.16
Small Business Loans 14.46
Construction and Development Loans 3.32
Commercial Real Estate 19.49
Commercial and Industrial Loans 5.50
Farm Loans 0.00

Deposit Rates - November 12, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $24,999 Learn MoreShow Less
Money Market
0.20% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $5,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $500 - Learn MoreShow Less
Special: 9 Mo FIRA
2.15% $5,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.60% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $25 - Learn MoreShow Less

Loan Rates - November 12, 2018

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
2 Year 3.89% 3.89% $1,084.40
3 Year 4.27% 4.27% $741.11
4 Year 4.47% 4.47% $569.75
5 Year 4.66% 4.66% $467.90
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Equitable 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


Equitable Bank Locations

Financial Details

Equitable Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Equitable 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
Equitable Bank U.S. Bank Average
7.85% 7.92%

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 June 30, 2018, Equitable Bank had $2,759,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $33,606,000 in equity and $1,523,000 in loans loss reserves. That gives it a Texas Ratio of 7.85%.

Return on Equity
Equitable Bank U.S. Bank Average
3.74% 9.77%

Equitable Bank has a Return on Equity of 3.74% versus the BestCashCow average of 9.77%. 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
Equitable Bank U.S. Bank Average
10.1% 12.31%

Equitable Bank has a Capitalization of 10.1% versus the BestCashCow average of 12.31. 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.

Equitable Bank Balance Sheet Analysis

As of June 30, 2018, Equitable Bank had assets of $332,850,000, loans of $264,916,000, and deposits of $290,038,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.26 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.30 billion
LIABILITIES
Total deposits $0.29 billion
      Interest-bearing deposits $0.25 billion
      Deposits held in domestic offices $0.29 billion
      % insured (estimated) 77.81%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.30 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Equitable Bank

Branches and Savings

Is Equitable Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26591.

Why does Equitable Bank pay such low interest on savings accounts?

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

Why are Equitable Bank CD rates not competitive?

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

Is Equitable Bank a commercial bank?

Yes

Where are Equitable Bank locations?

See branch locations nearby.

Is Equitable Bank open on Saturdays?

Is Equitable Bank open on Sundays?

What time does Equitable Bank open?

What time does Equitable Bank close?

Are Equitable Bank ATMs Open 24/7?

Do Equitable Bank ATMs accept cash deposits?

Can Equitable Bank customers use other ATMs?

Do Equitable Bank branches have notaries?

Will Equitable Bank notarize my document?

What address for Equitable Bank should I put for incoming ACH transfers?

Will the Equitable Bank branch print checks?

Do Equitable Bank checks expire?

Does Equitable Bank require US citizenship to open account?

Can Equitable Bank close my account?

Does Equitable Bank Report to credit bureaus?

Does Equitable Bank Use Equifax?

What is Equitable Bank's ACH Routing Number?

What is Equitable Bank's SWIFT code?

Products

Does Equitable Bank offer mortgages?

Compare mortgage rates here.

Does Equitable Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Equitable Bank offer personal loans?

Compare personal loan rates here.

Does Equitable Bank offer student loans?

Will Equitable Bank cash a check?

Will Equitable Bank redeem a savings bond?

Does Equitable Bank cash savings bonds?

Will Equitable Bank cash money orders?

Can Equitable Bank issue a money order?

Does Equitable Bank do currency exchange?

Background on The Bank

Who owns Equitable Bank?

How long has Equitable Bank been around?

Can Equitable Bank transfer to other banks?

Does Equitable Bank have quick pay?

Does Equitable Bank accept rolled coins?

Will Equitable Bank accept loose change?

Where is Equitable Bank headquarters?

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