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 $3 billion in assets. Customers can open an account at one of its 13 branches.

Deposit Rates - February 28, 2025

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26484
Date Established 1888
Assets $ 2.94 billion
Loans $ 2.32 billion
Deposits $ 2.35 billion
Capital $ 416.92 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 67.40 million
Interest-bearing balances $ 35.49 million
Total securities $ 267.41 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.32 billion
Loan loss allowance $ 11.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 133.42 million
All other assets $ 35.23 million
     Total Assets $ 2.52 billion

LIABILITIES
Total deposits $ 2.35 billion
      Interest-bearing deposits $ 1,825.47 million
      Deposits held in domestic offices $ 2.35 billion
      % insured (estimated) 67.65%
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 $ 2.52 billion
      Shareholders’ Equity $ 416.92 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 51.29 million
Total Interest Expense $ 20.08 million
Net interest income $ 31.21 million
Provision for loan and lease losses $ 6.72 million
Total non interest income $ 4.29 million
Total non interest expense $ 23.25 million
Pre-tax Net Operating Income $ 10.93 million

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