125 High Street
Boston, MA 02110
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Notable Rates APY Vs.Others
Savings N.A. 0.65% →
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

ETHIC is an FDIC insured institution located in Boston, MA. It was founded in 1967 and has approximately $0.26 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 27015
Date Established 1967
Assets $ 264.53 million
Loans $ 213.95 million
Deposits $ 236.77 million
Capital $ 25.18 million

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

Deposit Rates - June 16, 2021

Your Current Location: California, CA 92111

Checking Rates APY MIN FEE
Admirals Advantage Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - June 16, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for ETHIC

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

Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
New American Funding
NMLS ID: 6606
2.855% 2.750%
0.75 points
$3,419 fees
$1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info

Note to ETHIC
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ETHIC 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:
San Diego,California

Financial Details

ETHIC Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of ETHIC. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
ETHIC U.S. Bank Average
2.15% 5.49%

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 December 31, 2020, ETHIC had $588,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $25,179,000 in equity and $2,197,000 in loans loss reserves. That gives it a Texas Ratio of 2.15%.

Return on Equity
ETHIC U.S. Bank Average
-24.61% 9.24%

ETHIC has a Return on Equity of -24.61% versus the BestCashCow average of 9.24%. 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.

ETHIC U.S. Bank Average
9.52% 11.96%

ETHIC has a Capitalization of 9.52% versus the BestCashCow average of 11.96. 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.

ETHIC Balance Sheet Analysis

As of December 31, 2020, ETHIC had assets of $264,532,000, loans of $213,948,000, and deposits of $236,766,000. 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

December 31, 2020
Cash & Balances due from depository institutions $ 43.18 million
Interest-bearing balances $ 42.78 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 213.95 million
Loan loss allowance $ 2.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.08 million
All other assets $ 6.00 million
     Total Assets $ 239.35 million
Total deposits $ 236.77 million
      Interest-bearing deposits $ 235.62 million
      Deposits held in domestic offices $ 236.77 million
      % insured (estimated) 88.65%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.59 million
      Total Liabilities $ 239.35 million
      Shareholders’ Equity $ 25.18 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 11.71 million
Total Interest Expense $ 2.77 million
Net interest income $ 8.94 million
Provision for loan and lease losses $ 1.03 million
Total non interest income $ 0.63 million
Total non interest expense $ 15.43 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks, ETHIC’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 46.16
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.61
Construction and Development Loans 2.35
Commercial Real Estate 20.81
Commercial and Industrial Loans 1.07
Farm Loans 0.00

Frequently Asked Questions About Ethic

Branches and Savings

Is Ethic FDIC insured?

Yes. It is covered under FDIC Certificate #27015.

Why does Ethic pay such low interest on savings accounts?

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

Why are Ethic CD rates not competitive?

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

Is Ethic a commercial bank?


Where are Ethic locations?

See branch locations nearby.

Is Ethic open on Saturdays?

Is Ethic open on Sundays?

What time does Ethic open?

What time does Ethic close?

Are Ethic ATMs Open 24/7?

Do Ethic ATMs accept cash deposits?

Can Ethic customers use other ATMs?

Do Ethic branches have notaries?

Will Ethic notarize my document?

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

Will the Ethic branch print checks?

Do Ethic checks expire?

Does Ethic require US citizenship to open account?

Can Ethic close my account?

Does Ethic Report to credit bureaus?

Does Ethic Use Equifax?

What is Ethic's ACH Routing Number?

What is Ethic's SWIFT code?


Does Ethic offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Ethic offer personal loans?

Compare personal loan rates here.

Does Ethic offer student loans?

Will Ethic cash a check?

Will Ethic redeem a savings bond?

Does Ethic cash savings bonds?

Will Ethic cash money orders?

Can Ethic issue a money order?

Does Ethic do currency exchange?

Background on The Bank

Who owns Ethic?

How long has Ethic been around?

Can Ethic transfer to other banks?

Does Ethic have quick pay?

Does Ethic accept rolled coins?

Will Ethic accept loose change?

Where is Ethic headquarters?

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