Vitals
  • Total Assets
    789.0M 5.8 %
  • Total Deposits
    629.4M 5.0 %
  • Total Net Loans
    628.9M 11.1 %
  • Net Income
    3.4M 23.6 %
  • Book Value
    84.7M 3.8 %
  • Book Value x2
    169.4M 3.8 %
  • Book Value x3
    254.1M 3.8 %
ROAA

.44

ROAE

4.071

Efficiency Ratio

78.307

Net Interest Margin

3.474

Balance Sheet Highlights
Financial Highlights North Shore Bank, A Co-Operative Bank All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets 789,025 761,274
Total Net Loans 628,864 592,852
Total Deposits 629,404 596,855
Total Equity 84,693 82,059
Profitability
Net Income 3,389 4,648
Return on Average Assets .44 .538
Return on Average Equity 4.071 4.944
Net Interest Margin 3.474 3.143
Efficiency Ratio 78.307 77.098
Noninterest Income/Revenue 8.989 14.538
Balance Sheet Ratios
Loan-to-Deposit 99.914 95.714
Securities/Assets .12 .124
Total Equity/Total Assets .107 .108
Tangible Equity/Tangible Assets .105 .106
Capital Adequacy
Tier 1 Common Capital 83,510 80,540
Tier 1 Capital 83,510 80,580
Tier 2 Capital 6,293 5,839
Total Capital 89,803 86,408
Total Risk Weighted Assets 612,630 559,688
Leverage Ratio 10.57 10.827
Common Equity Tier 1 Capital Ratio 13.63 15.478
Tier 1 Capital Ratio 13.63 15.53
Total Capital Ratio 14.66 16.563

Timeline for North Shore Bank, A Co-Operative Bank

Merrimac Savings Bank

Acquisition: North Shore Bank, A Co-Operative Bank acquired a new subsidiary, Merrimac Savings Bank, 8 years

View Profile Nov 01 2015

First Saugus Corporation

First Saugus Corporation became a new subsidiary organization for North Shore Bank, A Co-Operative Bank.

View Profile Oct 01 2014

Saugusbank, A Co-Operative Bank

Acquisition: North Shore Bank, A Co-Operative Bank acquired a new subsidiary, Saugusbank, A Co-Operative Bank, 9 years

View Profile Sep 01 2014

Scb Securities Inc.

Scb Securities Inc. became a new subsidiary organization for North Shore Bank, A Co-Operative Bank.

View Profile Sep 01 2014

Compass Rose Security Corporation

Compass Rose Security Corporation became a new subsidiary organization for North Shore Bank, A Co-Operative Bank.

View Profile Oct 01 2008

Want to see more?

Complete timeline for North Shore Bank, A Co-Operative Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Merrimac Savings Bank Seller 75,190 Acquisition Discontinued 11/1/2015
Saugusbank, A Co-Operative Bank Seller 205,646 Acquisition Discontinued 9/1/2014
Newburyport Co-Operative Bank Seller 22,386 Discontinued 6/1/1992
Roger Conant Co-Operative Bank Seller Discontinued 12/16/1982
Relationships Role Relationship Start Relationship End
North Shore Bancorp Parent 4/2/1998
North Shore Security Corp. Subsidary 6/30/2007
Compass Rose Security Corporation Subsidary 10/1/2008
First Saugus Corporation Subsidary 10/1/2014
Scb Securities Inc. Subsidary 9/1/2014 11/24/2014
North Shore Security Corp. Subsidary 1/1/2000 6/29/2007
G.P. Ventures, Inc. Subsidary 4/2/1998 12/31/1999
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