Banks | Hingham Institution for Savings

Hingham Institution for Savings

For information concerning Hingham Savings online bank, please click here.

Hingham Institution for Savings ACH Number: 211370370

Hingham Institution for Savings is an FDIC insured institution headquartered at 55 Main St, Hingham, MA 02043.
It was founded in 1834 and has approximately $5 billion in assets. Customers can open an account at one of its 8 branches.

Deposit Rates - October 30, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 90211
Date Established 1834
Assets $ 4.52 billion
Loans $ 3.93 billion
Deposits $ 2.43 billion
Capital $ 417.18 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 359.58 million
Interest-bearing balances $ 353.59 million
Total securities $ 108.64 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.93 billion
Loan loss allowance $ 26.94 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 78.85 million
     Total Assets $ 4.10 billion

LIABILITIES
Total deposits $ 2.43 billion
      Interest-bearing deposits $ 2.09 billion
      Deposits held in domestic offices $ 2.43 billion
      % insured (estimated) 67.23%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,140.00 million
Subordinated debt N.A.
All other liabilities $ 8.01 millionn
      Total Liabilities $ 4.10 billion
      Shareholders’ Equity $ 417.18 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 96.49 million
Total Interest Expense $ 76.98 million
Net interest income $ 19.51 million
Provision for loan and lease losses $ 0.29 million
Total non interest income $ 0.54 million
Total non interest expense $ 14.58 million
Pre-tax Net Operating Income $ 42.21 million


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