The National Grand Bank of Marblehead

Headquarters

91 Pleasant Street
Marblehead, MA 01945
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.25% 1.15% →
2-Year CD 0.35% 1.26% →
5-Year CD 0.50% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The National Grand Bank of Marblehead is an FDIC insured institution located in Marblehead, MA. It was founded in 1831 and has approximately $0.35 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 2608
Date Established 1831
Assets $ 354.58 million
Loans $ 263.34 million
Deposits $ 287.47 million
Capital $ 41.56 million
 

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

Deposit Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $1 - Learn More
Money Market
0.05% $1 $24,999 Learn More
Money Market
0.05% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 $99,999 Learn More
3 Mo CD
0.10% $100,000 - Learn More
6 Mo CD
0.15% $1,000 $99,999 Learn More
6 Mo CD
0.15% $100,000 - Learn More
Special: 9 Mo CD
0.55% $1,000 - Learn More
12 Mo CD
0.25% $1,000 - Learn More
0.30% $1,000 $99,999 Learn More
18 Mo CD
0.30% $100,000 - Learn More
24 Mo CD
0.35% $1,000 $99,999 Learn More
24 Mo CD
0.35% $100,000 - Learn More
30 Mo CD
0.40% $1,000 $99,999 Learn More
30 Mo CD
0.40% $100,000 - Learn More
36 Mo CD
0.50% $1,000 $99,999 Learn More
36 Mo CD
0.50% $100,000 - Learn More
48 Mo CD
0.50% $1,000 $99,999 Learn More
48 Mo CD
0.50% $100,000 - Learn More
60 Mo CD
0.50% $1,000 $99,999 Learn More
60 Mo CD
0.50% $100,000 - Learn More

Fixed IRA Rates APY MIN MAX
Special: 9 Mo FIRA
0.55% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
Basic Checking 0.00% $0 $1.00 Learn MoreShow Less
Personal Checking 0.00% $300 $2.00 Learn MoreShow Less
NOW Checking 0.00% $750 $10.00 Learn MoreShow Less

Loan Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The National Grand Bank of Marblehead

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
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.951% 2.875% 1.00 $2,445 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

Note to The National Grand Bank of Marblehead
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Branches

The National Grand Bank of Marblehead 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


The National Grand Bank of Marblehead Locations


Financial Details

The National Grand Bank of Marblehead Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The National Grand Bank of Marblehead. 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 National Grand Bank of Marblehead U.S. Bank Average
0% 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, The National Grand Bank of Marblehead had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $41,563,000 in equity and $1,743,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
The National Grand Bank of Marblehead U.S. Bank Average
8.14% 7.80%

The National Grand Bank of Marblehead has a Return on Equity of 8.14% 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
The National Grand Bank of Marblehead U.S. Bank Average
11.72% 12.68%

The National Grand Bank of Marblehead has a Capitalization of 11.72% 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.

The National Grand Bank of Marblehead Balance Sheet Analysis

As of March 31, 2020, The National Grand Bank of Marblehead had assets of $354,580,000, loans of $263,339,000, and deposits of $287,471,000. 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 $ 19.17 million
Interest-bearing balances $ 15.07 million
Total securities $ 59.60 million
Federal funds sold and reverse repurchase $ 1.06 million
Net loans and leases $ 263.34 million
Loan loss allowance $ 1.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.03 million
All other assets $ 8.93 million
     Total Assets $ 313.02 million
LIABILITIES
Total deposits $ 287.47 million
      Interest-bearing deposits $ 199.03 million
      Deposits held in domestic offices $ 287.47 million
      % insured (estimated) 76.37%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 21.28 million
Subordinated debt N.A.
All other liabilities $ 4.26 million
      Total Liabilities $ 313.02 million
      Shareholders’ Equity $ 41.56 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.17 million
Total Interest Expense $ 0.56 million
Net interest income $ 2.61 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.27 million
Total non interest expense $ 1.75 million
Pre-tax Net Operating Income $ 1.08 million

Bank Loan Profile?

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

Compared to other banks in Massachusetts, The National Grand Bank of Marblehead 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 92.01
Multifamily
Mortgages
0.24
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 0.00
Construction and Development Loans 1.56
Commercial Real Estate 4.97
Commercial and Industrial Loans 1.27
Farm Loans 0.00

Frequently Asked Questions About The National Grand Bank Of Marblehead

Branches and Savings

Is The National Grand Bank Of Marblehead FDIC insured?

Yes. It is covered under FDIC Certificate #2608.

Why does The National Grand Bank Of Marblehead pay such low interest on savings accounts?

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

Why are The National Grand Bank Of Marblehead CD rates not competitive?

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

Is The National Grand Bank Of Marblehead a commercial bank?

Yes

Where are The National Grand Bank Of Marblehead locations?

See branch locations nearby.

Is The National Grand Bank Of Marblehead open on Saturdays?

Is The National Grand Bank Of Marblehead open on Sundays?

What time does The National Grand Bank Of Marblehead open?

What time does The National Grand Bank Of Marblehead close?

Are The National Grand Bank Of Marblehead ATMs Open 24/7?

Do The National Grand Bank Of Marblehead ATMs accept cash deposits?

Can The National Grand Bank Of Marblehead customers use other ATMs?

Do The National Grand Bank Of Marblehead branches have notaries?

Will The National Grand Bank Of Marblehead notarize my document?

What address for The National Grand Bank Of Marblehead should I put for incoming ACH transfers?

Will the The National Grand Bank Of Marblehead branch print checks?

Do The National Grand Bank Of Marblehead checks expire?

Does The National Grand Bank Of Marblehead require US citizenship to open account?

Can The National Grand Bank Of Marblehead close my account?

Does The National Grand Bank Of Marblehead Report to credit bureaus?

Does The National Grand Bank Of Marblehead Use Equifax?

What is The National Grand Bank Of Marblehead's ACH Routing Number?

What is The National Grand Bank Of Marblehead's SWIFT code?

Products

Does The National Grand Bank Of Marblehead offer mortgages?

Compare mortgage rates here.

Does The National Grand Bank Of Marblehead offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The National Grand Bank Of Marblehead offer personal loans?

Compare personal loan rates here.

Does The National Grand Bank Of Marblehead offer student loans?

Will The National Grand Bank Of Marblehead cash a check?

Will The National Grand Bank Of Marblehead redeem a savings bond?

Does The National Grand Bank Of Marblehead cash savings bonds?

Will The National Grand Bank Of Marblehead cash money orders?

Can The National Grand Bank Of Marblehead issue a money order?

Does The National Grand Bank Of Marblehead do currency exchange?

Background on The Bank

Who owns The National Grand Bank Of Marblehead?

How long has The National Grand Bank Of Marblehead been around?

Can The National Grand Bank Of Marblehead transfer to other banks?

Does The National Grand Bank Of Marblehead have quick pay?

Does The National Grand Bank Of Marblehead accept rolled coins?

Will The National Grand Bank Of Marblehead accept loose change?

Where is The National Grand Bank Of Marblehead headquarters?

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