South Shore Bank
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Data as of · sourced from FFIEC call reports. How we update
South Shore Bank is an FDIC-insured commercial bank headquartered in South Weymouth, MA, established in 1833 (FDIC certificate 90303), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $2.52B, up 5.3% from Q2 2025, the 22nd largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 13.87% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 90303
- Headquarters
- South Weymouth, MA
- Established
- 1833
- Total assets, Q2 2026
- $2.52B
- Assets vs Q2 2025
- +5.3%
- CET1 ratio, Q2 2026
- 13.87%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 211371447
- Latest call report
- Q2 2026, FFIEC 051 · South Shore Bank call report
- Holding company
- 1831 BANCORP INC
- Asset rank in state
- 22nd of 89 in Massachusetts
South Shore Bank, based in South Weymouth, Massachusetts, reported $2.5 billion in assets at June 30, 2026, up 5.3% from a year earlier. It keeps 2.87 cents of net interest income on every dollar of earning assets, lower than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). It also earns about $0.72 a year on every $100 of assets, lower than about three-quarters of banks its size (median $1.29).
Earnings jumped: net income for the quarter was $4.6 million, 43% above the same quarter a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.23% of loans, down from 0.35% a year earlier. Funding is the softer spot: it holds about half of its deposits (45%) above the FDIC insurance limit, higher than about three-quarters of banks its size (median 30.9%).
As of June 30, 2026, South Shore Bank reported a CET1 capital ratio of 13.87%, a return on assets of 0.72%, a nonperforming-loan ratio of 0.24% and a Texas ratio of 1.58%. The figures come from its call report filed with the FFIEC.
South Shore Bank ranks as the 22nd largest of the 89 banks based in Massachusetts, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.3% to $2.52B, loans rose 1.4% and deposits fell 1.3%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 27.8% of total loans, ahead of 1-4 family residential loans at 24.2%. Its 13 offices in the FDIC Summary of Deposits are in 11 cities in MA; its South Weymouth office books 44% of its branch deposits. On its Q2 2026 call report, South Shore Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1530 Main St, South Weymouth, MA 02190
- County
- Norfolk
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 051
- Established
- February 1, 1833
- Former names
- South Shore Savings Bank (2011-2013); Weymouth Savings Bank (1970-1997)
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 226
- Domestic deposits
- $2.22B
- Allowance for credit losses
- $15.5M
- Net charge-offs (YTD)
- -$33K
- Average total assets
- $2.52B
- Average total loans
- $1.68B
- Average interest-bearing deposits
- $1.78B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 19, 1985
- FDIC Cert
- 90303
- Fed RSSD
- 772008
- Website
- www.southshorebank.com →
- Parent Holding Company
- 1831 BANCORP INC (RSSD 5164998)
- Ultimate Parent
- CHARLESBRIDGE, MHC (RSSD 5164989)
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
South Shore Bank's total assets moved between a low of $2.14B (Q3 2023) and a high of $2.56B (Q1 2026) 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
$2.52B total assets against $2.40B; $2.28B total liabilities against $2.17B.
$1.69B net loans and leases against $1.57B; $2.22B total deposits against $2.11B.
$586.8M securities against $545.0M; $152.6M cash and balances due against $200.4M.
$29.7M total interest income against $27.7M; $12.1M total interest expense against $12.2M.
$17.6M net interest income against $15.5M.
$2.0M total noninterest income against $1.6M; $13.6M total noninterest expense against $12.9M.
$1K provision for credit losses against $0.
$4.6M net income against $3.2M.
0.72% return on assets against 0.54%; 2.87% net interest margin against 2.70%.
13.87% CET1 capital ratio against 14.18%; 10.10% tier 1 leverage ratio against 10.09%.
Inside the full South Shore Bank 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.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
South Shore Bank rankings
Its closest position to the top of a national ranking is 493 of 4,196, for total assets; its furthest is 2,999 of 3,611, for ROA.
Metric pages for South Shore Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.06% (Q4 2024) to 0.93% (Q4 2025) and its net interest margin ran from 2.69% (Q3 2024) to 2.97% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.87% | 0.72% | 0.24% | 1.58% | 2.87% |
| Q1 2026 | 13.87% | 0.70% | 0.21% | 1.45% | 2.82% |
| Q4 2025 | 14.10% | 0.93% | 0.26% | 1.73% | 2.97% |
| Q3 2025 | 13.91% | 0.86% | 0.33% | 2.23% | 2.97% |
| Q2 2025 | 14.18% | 0.54% | 0.35% | 2.42% | 2.70% |
| Q1 2025 | 14.25% | 0.41% | 0.36% | 2.45% | 2.69% |
| Q4 2024 | 14.20% | 0.06% | 0.31% | 2.19% | 2.74% |
| Q3 2024 | 14.57% | 0.51% | 0.42% | 2.81% | 2.69% |
Swipe the table sideways to see every column.
Branch Network
View all 13 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 |
|---|---|---|---|
| South Shore Bank (main office) | South Weymouth , MA | 02190 | $977.5M |
| Braintree Branch | Braintree , MA | 02184 | $280.1M |
| Norwell Branch | Norwell , MA | 02061 | $170.7M |
| Hunt Street Branch | Weymouth , MA | 02188 | $125.6M |
| Grainte Crossing Branch | Quincy , MA | 02169 | $118.0M |
| Shaws Plaza Branch | East Weymouth , MA | 02189 | $90.4M |
| North Weymouth Branch | Weymouth , MA | 02191 | $79.7M |
| Stoughton Branch | Stoughton , MA | 02072 | $79.1M |
| Previte's Hanover Branch | Hanover , MA | 02339 | $77.6M |
| East Bridgewater Branch | East Bridgewater , MA | 02333 | $72.4M |
| Wollaston Branch | Quincy , MA | 02170 | $67.6M |
| Hingham Branch | Hingham , MA | 02043 | $52.6M |
| Brockton Branch | Brockton , MA | 02301 | $26.9M |
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 |
|---|---|---|---|
| November 1, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2017 | Structure Change | Acquired The Braintree Co-operative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 20, 2004 | Structure Change | Acquired Horizon Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 19, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1997 | Structure Change | Acquired South Weymouth 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 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- August 10, 2021, Federal Reserve: Civil Money Penalty: South Shore Bank, Weymouth, Massachusetts
- Period: Most recent institution action August 10, 2021. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.3% of deposits in MA, rank 25 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 9 loans, $3.2M approved, $355K 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
- 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 South Shore Bank
What are South Shore Bank's total assets?
As of the Q2 2026 filing, South Shore Bank reported total assets of $2.52 billion in its FFIEC call report.
Where is South Shore Bank headquartered?
It is headquartered in South Weymouth, MA, United States.
When was South Shore Bank founded?
It was established in 1833, per the FDIC institution directory.
Is South Shore Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #90303). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates South Shore Bank?
South Shore Bank's primary federal regulator is the Federal Reserve.
What is South Shore Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.87% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does South Shore Bank operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is South Shore Bank's Texas Ratio?
Its Texas Ratio is 1.58% 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.
What was South Shore Bank previously called?
The charter now named South Shore Bank has also operated as South Shore Savings Bank (2011-2013), Weymouth Savings Bank (1970-1997), per FDIC structure-change records.
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