Georgetown Bank

Headquarters

2 East Main Street
Georgetown, MA 01833
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 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

Georgetown Bank is an FDIC insured institution located in Georgetown, MA. It was founded in 1868 and has approximately $0.32 billion in assets.

FDIC Insured Yes
FDIC Certificate # 90202
Date Established 1868
Assets $ 321.84 million
Loans $ 279.57 million
Deposits $ 242.80 million
Capital $ 31.08 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Georgetown Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More
First Internet Bank
NMLS ID: 424182
2.566% 2.500% 0.88 $2,172 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

Georgetown 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:
Fairfield,Connecticut


Georgetown Bank Locations


Financial Details

Georgetown Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Georgetown 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
Georgetown Bank U.S. Bank Average
2.75% 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, Georgetown Bank had $928,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $31,084,000 in equity and $2,642,000 in loans loss reserves. That gives it a Texas Ratio of 2.75%.

Return on Equity
Georgetown Bank U.S. Bank Average
4.87% 7.80%

Georgetown Bank has a Return on Equity of 4.87% 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
Georgetown Bank U.S. Bank Average
9.66% 12.68%

Georgetown Bank has a Capitalization of 9.66% 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.

Georgetown Bank Balance Sheet Analysis

As of March 31, 2017, Georgetown Bank had assets of $321,835,000, loans of $279,567,000, and deposits of $242,800,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 279.57 million
Loan loss allowance $ 2.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 242.80 million
      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 $ 321.84 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
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 Georgetown Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks, Georgetown 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 44.24
Multifamily
Mortgages
10.78
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 7.61
Commercial Real Estate 29.75
Commercial and Industrial Loans 8.49
Farm Loans 0.00

Frequently Asked Questions About Georgetown Bank

Branches and Savings

Is Georgetown Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90202.

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

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

Why are Georgetown Bank CD rates not competitive?

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

Is Georgetown Bank a commercial bank?

Yes

Where are Georgetown Bank locations?

See branch locations nearby.

Is Georgetown Bank open on Saturdays?

Is Georgetown Bank open on Sundays?

What time does Georgetown Bank open?

What time does Georgetown Bank close?

Are Georgetown Bank ATMs Open 24/7?

Do Georgetown Bank ATMs accept cash deposits?

Can Georgetown Bank customers use other ATMs?

Do Georgetown Bank branches have notaries?

Will Georgetown Bank notarize my document?

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

Will the Georgetown Bank branch print checks?

Do Georgetown Bank checks expire?

Does Georgetown Bank require US citizenship to open account?

Can Georgetown Bank close my account?

Does Georgetown Bank Report to credit bureaus?

Does Georgetown Bank Use Equifax?

What is Georgetown Bank's ACH Routing Number?

What is Georgetown Bank's SWIFT code?

Products

Does Georgetown Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Georgetown Bank offer personal loans?

Compare personal loan rates here.

Does Georgetown Bank offer student loans?

Will Georgetown Bank cash a check?

Will Georgetown Bank redeem a savings bond?

Does Georgetown Bank cash savings bonds?

Will Georgetown Bank cash money orders?

Can Georgetown Bank issue a money order?

Does Georgetown Bank do currency exchange?

Background on The Bank

Who owns Georgetown Bank?

How long has Georgetown Bank been around?

Can Georgetown Bank transfer to other banks?

Does Georgetown Bank have quick pay?

Does Georgetown Bank accept rolled coins?

Will Georgetown Bank accept loose change?

Where is Georgetown Bank headquarters?

Customer Reviews for Georgetown Bank

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

Add Your Review

Rate it here →