Vitals
  • Total Assets
    1.0B 1.4 %
  • Total Deposits
    820.5M 9.2 %
  • Total Net Loans
    758.6M 5.0 %
  • Net Income
    4.4M 42.0 %
  • Book Value
    116.0M 4.4 %
  • Book Value x2
    232.1M 4.4 %
  • Book Value x3
    348.1M 4.4 %
ROAA

.426

ROAE

3.851

Efficiency Ratio

78.978

Net Interest Margin

2.975

Balance Sheet Highlights
Financial Highlights South Shore Bank All Insured Commercial Banks in Massachusetts
Balance Sheet $(000)
Total Assets 1,042,176 1,195,734
Total Net Loans 758,641 884,564
Total Deposits 820,468 973,316
Total Equity 116,032 117,275
Profitability
Net Income 4,414 8,869
Return on Average Assets .426 .594
Return on Average Equity 3.851 5.855
Net Interest Margin 2.975 3.257
Efficiency Ratio 78.978 73.516
Noninterest Income/Revenue 12.03 17.101
Balance Sheet Ratios
Loan-to-Deposit 92.464 91.006
Securities/Assets .196 .127
Total Equity/Total Assets .111 .098
Tangible Equity/Tangible Assets .107 .09
Capital Adequacy
Tier 1 Common Capital 112,333 108,595
Tier 1 Capital 112,333 108,997
Tier 2 Capital 7,677 9,379
Total Capital 120,010 118,886
Total Risk Weighted Assets 714,793 863,428
Leverage Ratio 10.68 10.038
Common Equity Tier 1 Capital Ratio 15.72 14.848
Tier 1 Capital Ratio 15.72 14.854
Total Capital Ratio 16.79 15.826

Timeline for South Shore Bank

Cambridge Mortgage Group

Cambridge Mortgage Group became a new subsidiary organization for South Shore Bank.

View Profile Nov 10 2008

Horizon Bank And Trust Company

Acquisition: South Shore Bank acquired a new subsidiary, Horizon Bank And Trust Company, 20 years

View Profile Feb 20 2004

South Shore Bancorp, Inc.

South Shore Bancorp, Inc. became a new parent organization for South Shore Bank.

View Profile Feb 19 2004

1868 Corporation

1868 Corporation became a new subsidiary organization for South Shore Bank.

View Profile Feb 19 2004

1833 Security Corporation

1833 Security Corporation became a new subsidiary organization for South Shore Bank.

View Profile Feb 19 2004

Want to see more?

Complete timeline for South Shore Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Horizon Bank And Trust Company Seller 131,231 Acquisition Discontinued 2/20/2004
South Weymouth Savings Bank Seller 286,435 Acquisition Discontinued 10/1/1997
Relationships Role Relationship Start Relationship End
South Shore Bancorp, Inc. Parent 2/19/2004
1868 Corporation Subsidary 6/30/2007
1833 Security Corporation Subsidary 6/30/2007
Fourth Weymouth Corporation Subsidary 6/30/2007
First Weymouth Corporation Subsidary 6/30/2007
Cambridge Mortgage Group Subsidary 1/1/2012
Cambridge Mortgage Group Subsidary 11/10/2008 12/31/2011
South Weymouth Security Corporation Subsidary 6/30/2007 11/1/2007
1868 Corporation Subsidary 2/19/2004 6/29/2007
1833 Security Corporation Subsidary 2/19/2004 6/29/2007
South Weymouth Security Corporation Subsidary 2/19/2004 6/29/2007
Fourth Weymouth Corporation Subsidary 2/19/2004 6/29/2007
First Weymouth Corporation Subsidary 2/19/2004 6/29/2007
1833 -11 Security Corporation Subsidary 2/19/2004 6/30/2004
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