Cape Ann Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Cape Ann Savings Bank is an FDIC-insured savings bank headquartered in Gloucester, MA, established in 1846 (FDIC certificate 90203), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.07B, up 7.2% from Q2 2025, the 46th largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 27.40% 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
- 90203
- Headquarters
- Gloucester, MA
- Established
- 1846
- Total assets, Q2 2026
- $1.07B
- Assets vs Q2 2025
- +7.2%
- CET1 ratio, Q2 2026
- 27.40%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 211370862
- Latest call report
- Q2 2026, FFIEC 051 · Cape Ann Savings Bank call report
- Asset rank in state
- 46th of 89 in Massachusetts
Cape Ann Savings Bank, based in Gloucester, Massachusetts, reported $1.1 billion in assets at June 30, 2026, up 7.2% from a year earlier. It keeps 2.79 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). On the other hand, it holds common equity equal to 27.40% of its risk-weighted assets, about double the median of 13.52% for banks its size.
Its reported earnings move with the stock market: it holds equity securities whose value runs through net income, and they gained $4.2 million on paper in the quarter, out of $8.0 million of pre-tax income. Return on assets swings accordingly, so it is not compared with peers here. Deposits are coming in faster than loans: over the year loans rose 4.4% and deposits rose 8.7%. One more trend to watch: the non-owner-occupied commercial real estate book ($86 million) is worsening: 1.79% of it is past due or on nonaccrual, up from 0.92% a year earlier.
As of June 30, 2026, Cape Ann Savings Bank reported a CET1 capital ratio of 27.40%, a return on assets of 2.21%, a nonperforming-loan ratio of 0.59% and a Texas ratio of 1.94%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Cape Ann Savings Bank is the 46th largest of the 89 banks headquartered in Massachusetts. Between Q1 2026 and Q2 2026, its total assets rose 1.4% to $1.07B, loans rose 1.6% and deposits rose 1.4%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 75.0% of total loans, ahead of non-owner-occupied commercial real estate loans at 11.6%. Its 4 offices in the FDIC Summary of Deposits are in Gloucester, MA, Rockport, MA and Manchester, MA; its Gloucester 2 offices book 63% of its branch deposits. Judged on its Q2 2026 call report, Cape Ann Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 109 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- April 15, 1846
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 80
- Domestic deposits
- $804.8M
- Allowance for credit losses
- $6.2M
- Net charge-offs (YTD)
- $0
- Average total assets
- $1.06B
- Average total loans
- $727.0M
- Average interest-bearing deposits
- $726.5M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- October 22, 1985
- FDIC Cert
- 90203
- Fed RSSD
- 627108
- Website
- capeannsavings.bank →
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
Cape Ann Savings Bank's total assets moved between a low of $918.8M (Q3 2023) and a high of $1.07B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.07B total assets against $997.5M; $853.2M total liabilities against $796.7M.
$729.6M net loans and leases against $698.5M; $804.8M total deposits against $740.7M.
$241.8M securities against $199.8M; $53.1M cash and balances due against $54.0M.
$11.6M total interest income against $10.1M; $4.4M total interest expense against $4.4M.
$7.1M net interest income against $5.7M.
$1.5M total noninterest income against $1.3M; $4.9M total noninterest expense against $4.6M.
$0 provision for credit losses against $60K.
$5.9M net income against $3.2M.
2.21% return on assets against 1.32%; 2.79% net interest margin against 2.43%.
27.40% CET1 capital ratio against 27.04%; 20.48% tier 1 leverage ratio against 20.62%.
Inside the full Cape Ann Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCape Ann Savings Bank rankings
Its closest position to the top of a national ranking is 115 of 2,134, for CET1 ratio; its furthest is 2,276 of 3,640, for Texas Ratio.
Metric pages for Cape Ann Savings Bank: CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.74% (Q4 2024) to 2.21% (Q2 2026) and its net interest margin ran from 1.79% (Q3 2024) to 2.79% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 27.40% | 2.21% | 0.59% | 1.94% | 2.79% |
| Q1 2026 | 27.63% | 1.22% | 0.44% | 1.47% | 2.74% |
| Q4 2025 | 27.16% | 0.31% | 0.54% | 1.82% | 2.60% |
| Q3 2025 | 27.14% | 1.83% | 0.42% | 1.43% | 2.48% |
| Q2 2025 | 27.04% | 1.32% | 0.45% | 1.53% | 2.43% |
| Q1 2025 | 26.76% | 0.92% | 0.52% | 1.78% | 2.23% |
| Q4 2024 | 26.97% | -0.74% | 0.47% | 1.65% | 2.00% |
| Q3 2024 | 27.03% | 1.99% | 0.56% | 1.88% | 1.79% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| Cape Ann Savings Bank (main office) | Gloucester , MA | 01930 | $420.2M |
| Granite Branch | Rockport , MA | 01966 | $152.9M |
| Manchester Branch | Manchester , MA | 01944 | $147.2M |
| Gloucester Crossing Branch | Gloucester , MA | 01930 | $84.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 17, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 17, 2015 | Structure Change | Acquired Granite Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MA, rank 59 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K 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 Cape Ann Savings Bank
What are Cape Ann Savings Bank's total assets?
As of the Q2 2026 filing, Cape Ann Savings Bank reported total assets of $1.07 billion in its FFIEC call report.
Where is Cape Ann Savings Bank headquartered?
It is headquartered in Gloucester, MA, United States.
When was Cape Ann Savings Bank founded?
It was established in 1846, per the FDIC institution directory.
Is Cape Ann Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #90203). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Cape Ann Savings Bank?
Cape Ann Savings Bank's primary federal regulator is the FDIC.
What is Cape Ann Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 27.40% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Cape Ann Savings Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Cape Ann Savings Bank's Texas Ratio?
Its Texas Ratio is 1.94% 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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