Banks | Hingham Institution for Savings

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 - December 6, 2023

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 90211
Date Established 1834
Assets $ 4.31 billion
Loans $ 3.76 billion
Deposits $ 2.43 billion
Capital $ 399.85 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 342.81 million
Interest-bearing balances $ 336.05 million
Total securities $ 88.74 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.76 billion
Loan loss allowance $ 26.14 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 $ 3.91 billion

LIABILITIES
Total deposits $ 2.43 billion
      Interest-bearing deposits $ 2.06 billion
      Deposits held in domestic offices $ 2.43 billion
      % insured (estimated) 63.08%
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 $ 3.91 billion
      Shareholders’ Equity $ 399.85 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 82.72 million
Total Interest Expense $ 54.77 million
Net interest income $ 27.94 million
Provision for loan and lease losses $ 0.61 million
Total non interest income $ 0.65 million
Total non interest expense $ 14.39 million
Pre-tax Net Operating Income $ 42.21 million


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