Bankgloucester Mortgage Rates, Fees & Info
Gloucester, MA
LEI: 549300GS4TO8CL1SR344
Tax ID: 04-1371820
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Mortgage Data
Bank Data
Review & Overview
Bankgloucester is a smaller bank specializing in
various types of mortgages.
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Originations
0
Origination Dollar Volume (All Markets)
$0
Employee count
57
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Bankgloucester |
143 High Street Ipswich, MA 1938 |
Full Service B&M
|
$15,300 |
| Bankgloucester |
15 Martin Street Essex, MA 1929 |
Full Service B&M
|
$49,862 |
| Bankgloucester |
160 Main St Gloucester, MA 1930 |
Full Service B&M
|
$235,287 |
For 2021, Bankgloucester had 3 branches.
Yearly Performance Overview
Bank Income
Bankgloucester's gross interest income from loans was $12,631,000.
Bankgloucester's net interest income from loans was $11,181,000.
Bankgloucester's fee based income from loans was $336,000.
Bankgloucester's net income from loans was $1,721,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$1,450 |
| Provision for credit losses |
$401 |
| Total noninterest expense |
$9,439 |
| Salaries and employee benefits |
$5,206 |
| Premises and equipment expense |
$854 |
| Additional noninterest expense |
$3,379 |
| Applicable income taxes |
$669 |
| Net charge-offs |
$-116 |
| Cash dividends |
$0 |
Bankgloucester's interest expense for loans was $1,450,000.
Bankgloucester's payroll and benefits expense were $5,206,000.
Bankgloucester's property, plant and equipment expenses $854,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$312,137 |
| Deposits held in domestic offices |
$312,137 |
| Deposits by Individuals, partnerships, and corporations |
$292,718 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$12,947 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$6,472 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$137,218 |
| Demand deposits |
$70,604 |
| Nontransaction accounts |
$174,919 |
| Money market deposit accounts (MMDAs) |
$63,613 |
| Other savings deposits (excluding MMDAs) |
$52,148 |
| Total time deposits |
$59,158 |
| Total time and savings deposits |
$241,533 |
| Noninterest-bearing deposits |
$70,604 |
| Interest-bearing deposits |
$241,533 |
| Retail deposits |
$297,057 |
| IRAs and Keogh plan accounts |
$6,564 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$347,946 |
| Cash & Balances due from depository institutions |
$55,671 |
| Interest-bearing balances |
$48,442 |
| Total securities |
$21,559 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$259,557 |
| Loan and leases loss allowance |
$2,494 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$7,858 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$3,301 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$347,946 |
| Total Liabilities |
$320,685 |
| Total deposits |
$312,137 |
| Interest-bearing deposits |
$241,533 |
| Deposits held in domestic offices |
$312,137 |
| % insured (estimated) |
$78 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$8,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$548 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$259,557 |
| Loan and leases loss allowance |
$2,494 |
| Total loans and leases (domestic) |
$262,051 |
| All real estate loans |
$241,147 |
| Real estate loans in domestic offices |
$241,147 |
| Construction and development loans |
$24,229 |
| Residential 1-4 family construction |
$21,572 |
| Other construction, all land development and other land |
$2,657 |
| Loans secured by nonfarm nonresidential properties |
$62,679 |
| Nonfarm nonresidential secured by owner-occupied properties |
$41,050 |
| Commercial real estate & other non-farm, non-residential |
$21,629 |
| Multifamily residential real estate |
$8,668 |
| 1-4 family residential loans |
$145,571 |
| Farmland loans |
$0 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$20,450 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$454 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$37 |
| Other loans to individuals |
$417 |
| All other loans & leases |
$0 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$0 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$1,758 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
BankGloucester had $259,557,000 of loans outstanding in 2021. $241,147,000 of loans were in real estate loans.
$24,229,000 of loans were in development loans. $8,668,000 of loans were in multifamily mortgage loans.
$145,571,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $37,000 of loans were in the auto loan category.
Small Business Loans
| Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
| Nonfarm, nonresidential loans - <$1MM |
117 |
$31,773 |
$271,564 |
| Nonfarm, nonresidential loans - <$100k |
28 |
$285 |
$10,179 |
| Nonfarm, nonresidential loans - $100-250k |
24 |
$2,688 |
$112,000 |
| Nonfarm, nonresidential loans - $250k-1MM |
65 |
$28,800 |
$443,077 |
| Commercial & Industrial, US addressed loans - <$1MM |
302 |
$18,065 |
$59,818 |
| Commercial & Industrial, US addressed loans - <$100k |
239 |
$3,980 |
$16,653 |
| Commercial & Industrial, US addressed loans - $100-250k |
28 |
$2,525 |
$90,179 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
35 |
$11,560 |
$330,286 |