Institution for Savings in Newburyport and Its Vicinity

Headquarters

93 State Street
Newburyport, MA 01950
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.60% →
1-Year CD 0.75% 1.35% →
2-Year CD 1.00% 1.45% →
5-Year CD 1.25% 1.60% →
30-Year Mortgage 3.76% 3.09% →
15-Year Mortgage 3.57% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Institution for Savings in Newburyport and Its Vicinity is an FDIC insured institution located in Newburyport, MA. It was founded in 1820 and has approximately $3.72 billion in assets. Customers can open an account at one of its 16 branches.

FDIC Insured Yes
FDIC Certificate # 90250
Date Established 1820
Assets $ 3.72 billion
Loans $ 2.84 billion
Deposits $ 2.83 billion
Capital $ 407.91 million
 

For a more detailed analysis of Institution for Savings in Newburyport and Its Vicinity's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $1 $49,999 Learn More
Money Market
0.25% $1 $249,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.50% $1 - Learn More
6 Mo CD
0.50% $1 - Learn More
12 Mo CD
0.75% $1 - Learn More
18 Mo CD
0.75% $1 - Learn More
24 Mo CD
1.00% $1 - Learn More
30 Mo CD
1.00% $1 - Learn More
36 Mo CD
1.00% $1 - Learn More
48 Mo CD
1.00% $1 - Learn More
60 Mo CD
1.25% $1 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
No Fee Checking 0.00% $0 $0.00 Learn MoreShow Less
Personal Checking 0.00% $500 $5.00 Learn MoreShow Less

Loan Rates - June 4, 2020

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
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

Institution for Savings in Newburyport and Its Vicinity 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


Institution for Savings in Newburyport and Its Vicinity Locations


Financial Details

Institution for Savings in Newburyport and Its Vicinity Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Institution for Savings in Newburyport and Its Vicinity. 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
Institution for Savings in Newburyport and Its Vicinity U.S. Bank Average
0.62% 6.51%

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, 2019, Institution for Savings in Newburyport and Its Vicinity had $2,588,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $407,907,000 in equity and $12,722,000 in loans loss reserves. That gives it a Texas Ratio of 0.62%.

Return on Equity
Institution for Savings in Newburyport and Its Vicinity U.S. Bank Average
18.94% 9.41%

Institution for Savings in Newburyport and Its Vicinity has a Return on Equity of 18.94% versus the BestCashCow average of 9.41%. 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
Institution for Savings in Newburyport and Its Vicinity U.S. Bank Average
10.97% 12.82%

Institution for Savings in Newburyport and Its Vicinity has a Capitalization of 10.97% versus the BestCashCow average of 12.82. 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.

Institution for Savings in Newburyport and Its Vicinity Balance Sheet Analysis

As of December 31, 2019, Institution for Savings in Newburyport and Its Vicinity had assets of $3,717,267,000, loans of $2,835,019,000, and deposits of $2,833,419,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 143.43 million
Interest-bearing balances $ 123.53 million
Total securities $ 546.81 million
Federal funds sold and reverse repurchase $ 5.67 million
Net loans and leases $ 2.84 billion
Loan loss allowance $ 12.72 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 12.01 million
All other assets $ 134.66 million
     Total Assets $ 3.31 billion
LIABILITIES
Total deposits $ 2.83 billion
      Interest-bearing deposits $ 2.69 billion
      Deposits held in domestic offices $ 2.83 billion
      % insured (estimated) 70.88%
Federal funds purchased and repurchase agreements $ 7.17 million
Trading liabilities N.A.
Other borrowed funds $ 452.68 million
Subordinated debt N.A.
All other liabilities $ 16.10 million
      Total Liabilities $ 3.31 billion
      Shareholders’ Equity $ 407.91 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 123.88 million
Total Interest Expense $ 57.06 million
Net interest income $ 66.82 million
Provision for loan and lease losses $ 0.60 million
Total non interest income $ 6.73 million
Total non interest expense $ 51.77 million
Pre-tax Net Operating Income $ 21.18 million

Bank Loan Profile?

The top three loan types in Institution for Savings in Newburyport and Its Vicinity’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in Massachusetts, Institution for Savings in Newburyport and Its Vicinity has a significantly higher percent of 1-4 Family Residential 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 80.82
Multifamily
Mortgages
6.13
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.55
Construction and Development Loans 0.65
Commercial Real Estate 12.10
Commercial and Industrial Loans 0.32
Farm Loans 0.00

Frequently Asked Questions About Institution For Savings In Newburyport And Its Vicinity

Branches and Savings

Is Institution For Savings In Newburyport And Its Vicinity FDIC insured?

Yes. It is covered under FDIC Certificate #90250.

Why does Institution For Savings In Newburyport And Its Vicinity pay such low interest on savings accounts?

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

Why are Institution For Savings In Newburyport And Its Vicinity CD rates not competitive?

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

Is Institution For Savings In Newburyport And Its Vicinity a commercial bank?

Yes

Where are Institution For Savings In Newburyport And Its Vicinity locations?

See branch locations nearby.

Is Institution For Savings In Newburyport And Its Vicinity open on Saturdays?

Is Institution For Savings In Newburyport And Its Vicinity open on Sundays?

What time does Institution For Savings In Newburyport And Its Vicinity open?

What time does Institution For Savings In Newburyport And Its Vicinity close?

Are Institution For Savings In Newburyport And Its Vicinity ATMs Open 24/7?

Do Institution For Savings In Newburyport And Its Vicinity ATMs accept cash deposits?

Can Institution For Savings In Newburyport And Its Vicinity customers use other ATMs?

Do Institution For Savings In Newburyport And Its Vicinity branches have notaries?

Will Institution For Savings In Newburyport And Its Vicinity notarize my document?

What address for Institution For Savings In Newburyport And Its Vicinity should I put for incoming ACH transfers?

Will the Institution For Savings In Newburyport And Its Vicinity branch print checks?

Do Institution For Savings In Newburyport And Its Vicinity checks expire?

Does Institution For Savings In Newburyport And Its Vicinity require US citizenship to open account?

Can Institution For Savings In Newburyport And Its Vicinity close my account?

Does Institution For Savings In Newburyport And Its Vicinity Report to credit bureaus?

Does Institution For Savings In Newburyport And Its Vicinity Use Equifax?

What is Institution For Savings In Newburyport And Its Vicinity's ACH Routing Number?

What is Institution For Savings In Newburyport And Its Vicinity's SWIFT code?

Products

Does Institution For Savings In Newburyport And Its Vicinity offer mortgages?

Compare mortgage rates here.

Does Institution For Savings In Newburyport And Its Vicinity offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Institution For Savings In Newburyport And Its Vicinity offer personal loans?

Compare personal loan rates here.

Does Institution For Savings In Newburyport And Its Vicinity offer student loans?

Will Institution For Savings In Newburyport And Its Vicinity cash a check?

Will Institution For Savings In Newburyport And Its Vicinity redeem a savings bond?

Does Institution For Savings In Newburyport And Its Vicinity cash savings bonds?

Will Institution For Savings In Newburyport And Its Vicinity cash money orders?

Can Institution For Savings In Newburyport And Its Vicinity issue a money order?

Does Institution For Savings In Newburyport And Its Vicinity do currency exchange?

Background on The Bank

Who owns Institution For Savings In Newburyport And Its Vicinity?

How long has Institution For Savings In Newburyport And Its Vicinity been around?

Can Institution For Savings In Newburyport And Its Vicinity transfer to other banks?

Does Institution For Savings In Newburyport And Its Vicinity have quick pay?

Does Institution For Savings In Newburyport And Its Vicinity accept rolled coins?

Will Institution For Savings In Newburyport And Its Vicinity accept loose change?

Where is Institution For Savings In Newburyport And Its Vicinity headquarters?

Customer Reviews for Institution for Savings in Newburyport and Its Vicinity


  • January 23, 2017

    CDs 48 Month Rates

    2.50

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