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 South Shore Bank
South Shore Bank
| RSSD ID 772008 | CERTIFICATE 90303 | ABA NUMBER 211371447 |
| 1530 Main St |
Quarter Ended : |
2025-03-31 |
| South Weymouth, Massachusetts, 2190 |
Updated : |
2025-04-29 |
| www.southshorebank.com |
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| Institution Profile |
| Year Opened : |
1833 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
13 |
Number of Employees : |
202 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 2,289,303 |
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Total Interest Income | 26,308 |
| Total Liabilities | 2,070,818 |
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Total NonInterest Income | 1,563 |
| Total Bank Equity Capital | 218,485 |
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Total Interest Expense | 11,413 |
| Total Deposits | 2,014,506 |
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Total NonInterest Expense | 13,337 |
| Net Loans & Leases | 1,547,976 |
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Net Income | 2,258 |
| Loan Loss Allowance | 15,274 |
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Net Charge Offs | 22 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 248,706 |
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Total loans | 1,554,805 |
| Total assets for the leverage ratio | 2,216,984 |
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Loans secured by real estate: | 1,262,098 |
| Tier 1 Leverage Ratio | 10.48 |
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Commercial and industrial loans | 286,363 |
| Tier 1 Capital Ratio | 14.25 |
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Loans to individuals - Credit Cards | 1,193 |
| Total Capital Ratio | 15.26 |
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Loans to individuals - Other | 5,151 |
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:· South Shore Bank
