Weymouth Bank is a state-chartered mutually owned institution chartered in 1889 under the laws of the Commonwealth of Massachusetts.  Weymouth Bank serves customers throughout the South Shore of Massachusetts.  The bank is a federally insured bank and is also insured by the Share Insurance Fund of the Co-operative Central Bank.  Weymouth Bank has been FDIC insured since March 11, 1986.  Weymouth Bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). 

At the close of 2008, Weymouth Bank had assets of $163,325,000 and total deposits of $134,260,000.  The bank had a net profit for the year of $751,000.  The bank has approximately 39 total employees. 

Weymouth Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.24% 
Cost of funding earning assets 2.34% 
Net interest margin 3.90%  
Return on equity (ROE) 5.29%
Return on assets (ROA) 0.47%
Noncurrent loans to loans 1.89%
Core capital (leverage) ratio 8.91%
Tier 1 risk-based capital ratio 12.56%
Total risk-based capital ratio 13.81%

Weymouth Bank products and services:

Weymouth Bank offers a wide array of financial products and services ranging from deposits to loan services and investment banking: statement savings account, passbook savings accounts, NOW checking accounts, student checking, retail gold checking, no frills checking account, individual retirement account, jumbo mortgages, manufactured and mobile home loans, first time home buyer programs, adjustable rate mortgages, fixed rate mortgages, money market deposit accounts, certificates of deposit, indexed certificates of deposit (ICDs), Club accounts, student loans, NOW overdraft protection plan, loans secured by deposit account, unsecured personal loan, recreational vehicles & other personal assets, auto and truck loan, home equity line of credit, commercial real estate loans, special fixed rate five to eight family real estate loan program, commercial and industrial loans, business lines of credit, DDA overdraft protection plans, single payment (time notes), leasing programs, merchant card processing, night depository box, payroll treasury tax & loan service, business checking accounts, commercial money market deposit accounts, commercial sweep accounts, business debit card program, Weymouth Bank business online and savings bonds purchase & redemption.

Weymouth Bank branch bank locations:

744 Broad Street
Weymouth, MA 02189

Weymouth Bank web address: www.weymouthbank.com.

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