Bankgloucester
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Data as of · sourced from FFIEC call reports. How we update
Bankgloucester is an FDIC-insured savings bank headquartered in Gloucester, MA, established in 1887 (FDIC certificate 26536), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $386.9M, down 0.9% from Q2 2025, the 75th largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 13.48% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 26536
- Headquarters
- Gloucester, MA
- Established
- 1887
- Total assets, Q2 2026
- $386.9M
- Assets vs Q2 2025
- -0.9%
- CET1 ratio, Q2 2026
- 13.48%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 211370228
- Asset rank in state
- 75th of 89 in Massachusetts
Problem loans are rising at Bankgloucester. The Gloucester, Massachusetts bank had $387 million in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.98% of loans from 2.20% a year earlier. It earns about $0.43 a year on every $100 of assets, about a third the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also funds 8.70% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.99%).
Earnings jumped: net income for the quarter was $415,000, 42% above the same quarter a year earlier. Credit is the area to watch: it carries problem assets equal to 27.6% of the capital and reserves that would absorb them, 10.5 times the median of 2.6% for banks its size.
As of June 30, 2026, Bankgloucester reported a CET1 capital ratio of 13.48%, a return on assets of 0.43%, a nonperforming-loan ratio of 2.98% and a Texas ratio of 27.62%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Bankgloucester is the 75th largest of the 89 banks headquartered in Massachusetts. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.6% to $386.9M, loans fell 0.5% and deposits rose 3.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 62.2% of total loans, ahead of owner-occupied commercial real estate loans at 16.9%. The FDIC Summary of Deposits lists 3 offices for it, in Gloucester, MA, Essex, MA and Ipswich, MA; its Gloucester office books 72% of its branch deposits. By the capital ratios in its Q2 2026 call report, Bankgloucester meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 160 Main St, Gloucester, MA 01930
- County
- Essex
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1887
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 57
- Domestic deposits
- $304.2M
- Allowance for credit losses
- $3.5M
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $382.8M
- Average total loans
- $334.5M
- Average interest-bearing deposits
- $250.7M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- February 10, 1986
- FDIC Cert
- 26536
- Fed RSSD
- 331375
- Website
- https://bankgloucester.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Bankgloucester's total assets moved between a low of $367.2M (Q1 2024) and a high of $398.4M (Q3 2025) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$386.9M total assets against $390.4M; $354.3M total liabilities against $359.9M.
$331.4M net loans and leases against $335.0M; $304.2M total deposits against $312.8M.
$35.9M securities against $29.9M; $7.8M cash and balances due against $13.3M.
$5.3M total interest income against $5.1M; $1.8M total interest expense against $1.9M.
$3.6M net interest income against $3.2M.
$199K total noninterest income against $211K; $3.1M total noninterest expense against $2.9M.
$111K provision for credit losses against $146K.
$415K net income against $292K.
0.43% return on assets against 0.30%; 3.81% net interest margin against 3.43%.
13.48% CET1 capital ratio against 11.98%; 8.70% tier 1 leverage ratio against 8.20%.
Inside the full Bankgloucester terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Bankgloucester rankings
Its closest position to the top of a national ranking is 73 of 3,640, for Texas Ratio; its furthest is 3,307 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.14% (Q3 2024) to 0.48% (Q4 2025) and its net interest margin ran from 2.96% (Q3 2024) to 3.81% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.48% | 0.43% | 2.98% | 27.62% | 3.81% |
| Q1 2026 | 13.03% | 0.42% | 2.75% | 26.08% | 3.61% |
| Q4 2025 | 12.21% | 0.48% | 2.49% | 23.93% | 3.66% |
| Q3 2025 | 12.22% | 0.45% | 2.52% | 24.52% | 3.59% |
| Q2 2025 | 11.98% | 0.30% | 2.20% | 21.90% | 3.43% |
| Q1 2025 | 12.12% | 0.23% | 1.94% | 19.36% | 3.15% |
| Q4 2024 | 12.13% | 0.21% | 1.76% | 17.61% | 3.08% |
| Q3 2024 | 11.99% | 0.14% | 2.09% | 20.90% | 2.96% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bankgloucester (main office) | Gloucester , MA | 01930 | $218.4M |
| Essex Branch | Essex , MA | 01929 | $45.5M |
| Ipswich Branch | Ipswich , MA | 01938 | $40.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MA, rank 88 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $600K approved, $200K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bankgloucester
What are Bankgloucester's total assets?
As of the Q2 2026 filing, Bankgloucester reported total assets of $386.9 million in its FFIEC call report.
Where is Bankgloucester headquartered?
It is headquartered in Gloucester, MA, United States.
When was Bankgloucester founded?
It was established in 1887, per the FDIC institution directory.
Is Bankgloucester FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #26536). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bankgloucester?
Bankgloucester's primary federal regulator is the FDIC.
What is Bankgloucester's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.48% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Bankgloucester operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bankgloucester's Texas Ratio?
Its Texas Ratio is 27.62% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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