Hingham Institution for Savings

For information concerning Hingham Savings online bank, please click here.

Hingham Institution for Savings ACH Number: 211370370

Hingham Institution for Savings is an FDIC insured institution headquartered at 55 Main St, Hingham, MA 02043.
It was founded in 1834 and has approximately $4 billion in assets. Customers can open an account at one of its 8 branches.

Deposit Rates - May 27, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 90211
Date Established 1834
Assets $ 4.48 billion
Loans $ 3.91 billion
Deposits $ 2.36 billion
Capital $ 407.62 million

Summary Balance Sheet as of June 30, 2023

Cash & Balances due from depository institutions $ 350.20 million
Interest-bearing balances $ 344.55 million
Total securities $ 95.58 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.91 billion
Loan loss allowance $ 26.65 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 78.85 million
     Total Assets $ 4.08 billion

Total deposits $ 2.36 billion
      Interest-bearing deposits $ 2.02 billion
      Deposits held in domestic offices $ 2.36 billion
      % insured (estimated) 68.99%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,140.00 million
Subordinated debt N.A.
All other liabilities $ 8.01 millionn
      Total Liabilities $ 4.08 billion
      Shareholders’ Equity $ 407.62 million

Summary Income Statement as of June 30, 2023

Total Interest Income $ 174.26 million
Total Interest Expense $ 125.93 million
Net interest income $ 48.33 million
Provision for loan and lease losses $ 1.12 million
Total non interest income $ 1.24 million
Total non interest expense $ 28.37 million
Pre-tax Net Operating Income $ 42.21 million

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