Marblehead Bank


21 Atlantic Avenue
Marblehead, MA 01945
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Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.25% 1.01% →
2-Year CD 0.45% 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

Marblehead Bank is an FDIC insured institution located in Marblehead, MA. It was founded in 1871 and has approximately $0.22 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 90234
Date Established 1871
Assets $ 220.00 million
Loans $ 183.11 million
Deposits $ 194.35 million
Capital $ 19.06 million

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Absolutely Free Checking 0.00% $0 $0.00 Learn MoreShow Less
VIP Direct Interest Checking 0.00% $0 $0.00 Learn MoreShow Less
Premier Interest Checking 0.00% $1,500 $6.00 Learn MoreShow Less

Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Marblehead Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.561% 2.500% 0.75 $2,021 $988 Learn More
First Internet Bank
NMLS ID: 424182
2.574% 2.500% 1.00 $2,430 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Marblehead Bank
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Financial Details

Marblehead Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Marblehead Bank. 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
Marblehead Bank U.S. Bank Average
6.11% 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, Marblehead Bank had $1,227,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,063,000 in equity and $1,034,000 in loans loss reserves. That gives it a Texas Ratio of 6.11%.

Return on Equity
Marblehead Bank U.S. Bank Average
2.75% 7.80%

Marblehead Bank has a Return on Equity of 2.75% 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.

Marblehead Bank U.S. Bank Average
8.67% 12.68%

Marblehead Bank has a Capitalization of 8.67% 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.

Marblehead Bank Balance Sheet Analysis

As of March 31, 2020, Marblehead Bank had assets of $219,997,000, loans of $183,113,000, and deposits of $194,354,000. 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
Cash & Balances due from depository institutions $ 12.22 million
Interest-bearing balances $ 10.08 million
Total securities $ 12.53 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 183.11 million
Loan loss allowance $ 1.03 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.10 million
All other assets $ 10.44 million
     Total Assets $ 200.93 million
Total deposits $ 194.35 million
      Interest-bearing deposits $ 167.71 million
      Deposits held in domestic offices $ 194.35 million
      % insured (estimated) 87.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 6.58 million
      Total Liabilities $ 200.93 million
      Shareholders’ Equity $ 19.06 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 2.04 million
Total Interest Expense $ 0.14 million
Net interest income $ 1.89 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.26 million
Total non interest expense $ 1.99 million
Pre-tax Net Operating Income $ 0.15 million

Bank Loan Profile?

The top three loan types in Marblehead Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Marblehead 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 69.44
Credit Card Loans 0.00
Consumer Auto Loans 0.12
Small Business Loans 0.00
Construction and Development Loans 2.39
Commercial Real Estate 25.27
Commercial and Industrial Loans 2.47
Farm Loans 0.00

Frequently Asked Questions About Marblehead Bank

Branches and Savings

Is Marblehead Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90234.

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

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

Why are Marblehead Bank CD rates not competitive?

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

Is Marblehead Bank a commercial bank?


Where are Marblehead Bank locations?

See branch locations nearby.

Is Marblehead Bank open on Saturdays?

Is Marblehead Bank open on Sundays?

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Are Marblehead Bank ATMs Open 24/7?

Do Marblehead Bank ATMs accept cash deposits?

Can Marblehead Bank customers use other ATMs?

Do Marblehead Bank branches have notaries?

Will Marblehead Bank notarize my document?

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

Will the Marblehead Bank branch print checks?

Do Marblehead Bank checks expire?

Does Marblehead Bank require US citizenship to open account?

Can Marblehead Bank close my account?

Does Marblehead Bank Report to credit bureaus?

Does Marblehead Bank Use Equifax?

What is Marblehead Bank's ACH Routing Number?

What is Marblehead Bank's SWIFT code?


Does Marblehead Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Marblehead Bank offer personal loans?

Compare personal loan rates here.

Does Marblehead Bank offer student loans?

Will Marblehead Bank cash a check?

Will Marblehead Bank redeem a savings bond?

Does Marblehead Bank cash savings bonds?

Will Marblehead Bank cash money orders?

Can Marblehead Bank issue a money order?

Does Marblehead Bank do currency exchange?

Background on The Bank

Who owns Marblehead Bank?

How long has Marblehead Bank been around?

Can Marblehead Bank transfer to other banks?

Does Marblehead Bank have quick pay?

Does Marblehead Bank accept rolled coins?

Will Marblehead Bank accept loose change?

Where is Marblehead Bank headquarters?

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