The Bank of Canton

490 Turnpike Street
Canton, MA 02021

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 90175
Date Established 1835
Assets $0.63 billion
Loans $0.51 billion
Deposits $0.51 billion
Capital $0.07 billion

The Bank of Canton is an FDIC insured institution located in Canton, MA. It was founded in 1835 and has approximately $0.63 billion in assets. Customers can open an account at one of its 9 branches.

For a more detailed analysis of The Bank of Canton'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 The Bank of Canton’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Massachusetts, The Bank of Canton has a significantly higher percent of Credit Card Loans, Small Business Loans, Construction and Development 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 43.82
Multifamily
Mortgages
4.85
Credit Card Loans 0.14
Consumer Auto Loans 0.00
Small Business Loans 12.40
Construction and Development Loans 18.41
Commercial Real Estate 31.88
Commercial and Industrial Loans 1.89
Farm Loans 0.00

Deposit Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.30% $2,500 - Learn MoreShow Less
6 Mo CD
0.40% $2,500 - Learn MoreShow Less
12 Mo CD
0.75% $1,000 - Learn MoreShow Less
24 Mo CD
1.77% $1,000 - Learn MoreShow Less
36 Mo CD
2.28% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $500 $1,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 $1,999 Learn MoreShow Less
Int Ckg
0.05% $2,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
Convenience Checking 0.00% $0 $0.00 Learn MoreShow Less
Free Checking with Interest 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Bank of Canton

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Hamilton National Mortgage Co.
NMLS ID: 122701
3.636% 3.625% 0.13 $338 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More
First Internet Bank
NMLS ID: 424182
3.658% 3.625% 0.38 $1,022 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

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

Branches

The Bank of Canton 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


The Bank of Canton Locations


Financial Details

The Bank of Canton Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Bank of Canton. 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
The Bank of Canton U.S. Bank Average
0.65% 6.97%

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 December 31, 2018, The Bank of Canton had $484,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $68,221,000 in equity and $5,984,000 in loans loss reserves. That gives it a Texas Ratio of 0.65%.

Return on Equity
The Bank of Canton U.S. Bank Average
6.06% 8.80%

The Bank of Canton has a Return on Equity of 6.06% versus the BestCashCow average of 8.80%. 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
The Bank of Canton U.S. Bank Average
10.87% 12.29%

The Bank of Canton has a Capitalization of 10.87% versus the BestCashCow average of 12.29. 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.

The Bank of Canton Balance Sheet Analysis

As of December 31, 2018, The Bank of Canton had assets of $627,483,000, loans of $513,057,000, and deposits of $509,499,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.51 billion
Loan loss allowance $0.01 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 $0.03 billion
     Total Assets $0.56 billion
LIABILITIES
Total deposits $0.51 billion
      Interest-bearing deposits $0.43 billion
      Deposits held in domestic offices $0.51 billion
      % insured (estimated) 85.00%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.56 billion
      Shareholders’ Equity $0.07 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About The Bank Of Canton

Branches and Savings

Is The Bank Of Canton FDIC insured?

Yes. It is covered under FDIC Certificate #90175.

Why does The Bank Of Canton pay such low interest on savings accounts?

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

Why are The Bank Of Canton CD rates not competitive?

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

Is The Bank Of Canton a commercial bank?

Yes

Where are The Bank Of Canton locations?

See branch locations nearby.

Is The Bank Of Canton open on Saturdays?

Is The Bank Of Canton open on Sundays?

What time does The Bank Of Canton open?

What time does The Bank Of Canton close?

Are The Bank Of Canton ATMs Open 24/7?

Do The Bank Of Canton ATMs accept cash deposits?

Can The Bank Of Canton customers use other ATMs?

Do The Bank Of Canton branches have notaries?

Will The Bank Of Canton notarize my document?

What address for The Bank Of Canton should I put for incoming ACH transfers?

Will the The Bank Of Canton branch print checks?

Do The Bank Of Canton checks expire?

Does The Bank Of Canton require US citizenship to open account?

Can The Bank Of Canton close my account?

Does The Bank Of Canton Report to credit bureaus?

Does The Bank Of Canton Use Equifax?

What is The Bank Of Canton's ACH Routing Number?

What is The Bank Of Canton's SWIFT code?

Products

Does The Bank Of Canton offer mortgages?

Compare mortgage rates here.

Does The Bank Of Canton offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Bank Of Canton offer personal loans?

Compare personal loan rates here.

Does The Bank Of Canton offer student loans?

Will The Bank Of Canton cash a check?

Will The Bank Of Canton redeem a savings bond?

Does The Bank Of Canton cash savings bonds?

Will The Bank Of Canton cash money orders?

Can The Bank Of Canton issue a money order?

Does The Bank Of Canton do currency exchange?

Background on The Bank

Who owns The Bank Of Canton?

How long has The Bank Of Canton been around?

Can The Bank Of Canton transfer to other banks?

Does The Bank Of Canton have quick pay?

Does The Bank Of Canton accept rolled coins?

Will The Bank Of Canton accept loose change?

Where is The Bank Of Canton headquarters?

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