Banks | North Shore Bank, a Co-operative Bank

North Shore Bank, a Co-operative Bank


North Shore Bank, a Co-operative Bank is an FDIC insured institution headquartered at 248 Andover St, Peabody, MA 01960.
It was founded in 1888 and has approximately $2 billion in assets. Customers can open an account at one of its 13 branches.

Deposit Rates - December 23, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26484
Date Established 1888
Assets $ 1,665.13 million
Loans $ 1,319.04 million
Deposits $ 1,413.72 million
Capital $ 209.69 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 43.58 million
Interest-bearing balances $ 28.36 million
Total securities $ 223.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,319.04 million
Loan loss allowance $ 19.83 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.30 million
All other assets $ 35.23 million
     Total Assets $ 1,455.44 million

LIABILITIES
Total deposits $ 1,413.72 million
      Interest-bearing deposits $ 1,047.55 million
      Deposits held in domestic offices $ 1,413.72 million
      % insured (estimated) 66.90%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.16 million
Subordinated debt N.A.
All other liabilities $ 12.87 millionn
      Total Liabilities $ 1,455.44 million
      Shareholders’ Equity $ 209.69 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 39.96 million
Total Interest Expense $ 12.92 million
Net interest income $ 27.05 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 2.39 million
Total non interest expense $ 19.10 million
Pre-tax Net Operating Income $ 10.93 million

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