South Shore Bank
South Shore Bank reported total assets of $2.5 bn at Q2 2026, up 5.3% on a year earlier, the 495th largest of 497 banks in our US coverage. The CET1 capital ratio at South Shore Bank was 13.87%, and the uninsured share of South Shore Bank was 45.08%. Source: FDIC Call Reports.
Key takeaways
- On noncurrent loans to total loans, South Shore Bank climbed from 157th to 79th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- South Shore Bank reports one of the lowest net charge-offs to average loans readings among banks of $1 bn to $10 bn: 0.00% at , where the median of the 339 banks is 0.06% (FDIC Call Reports).
- Since , South Shore Bank has taken over one institution; the latest was The Braintree Co-operative Bank on (FDIC Call Reports).
What sets South Shore Bank apart
How large is South Shore Bank?
The balance sheet of South Shore Bank at : assets $2.5 bn, deposits $2.2 bn, net loans $1.7 bn (loans equal to 76.05% of deposits). Securities make up 23.3% of total assets at South Shore Bank. Since , when South Shore Bank held $1.0 bn, its assets grew 147.1%. In the year to , deposits at South Shore Bank rose 5.1% while its total assets rose 5.3%. At , South Shore Bank employed 226 full-time equivalent staff across 13 offices, about $11.2 mn of assets per employee and $170.6 mn of deposits per office.
How much funding at South Shore Bank is uninsured?
At South Shore Bank, uninsured deposits (above the FDIC limit) made up 45.08% of domestic deposits at (+1.77 pp on a year earlier); South Shore Bank ranks 138th of 500 on this measure. In dollars, South Shore Bank estimated $999.9 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.2 bn | +5.1% | 471st of 499 |
| Net loans and leases | $1.7 bn | +7.8% | 475th of 500 |
| Loan-to-deposit ratio | 76.05% | +1.87 pp | 378th of 500 |
| Tier 1 leverage ratio | 10.10% | +0.01 pp | 285th of 500 |
| Total risk-based capital ratio | 14.77% | -0.40 pp | 190th of 448 |
| Net interest margin | 2.86% | +0.10 pp | 431st of 500 |
| Return on assets (ROA) | 0.71% | +0.24 pp | 449th of 500 |
| Efficiency ratio | 68.88% | -9.08 pp | 426th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $24.3 mn | Narrowed by $2.7 mn | |
| Noncurrent loans to total loans | 0.24% | -0.11 pp | 79th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | -0.01 pp | 35th of 500 (1 = lowest) |
US rank of South Shore Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
South Shore Bank: assets, deposits and loans
- Total assets $2.5bn
- Deposits $2.2bn
- Net loans $1.7bn
Capital and securities
The CET1 ratio of South Shore Bank stood at 13.87% in , -0.31 pp year on year. Low and high at South Shore Bank since : 12.47% () to 15.79% (). Equity capital of South Shore Bank at : $242.8 mn, or 9.6% of total assets. South Shore Bank also reported a total capital ratio of 14.77% for , and a tier 1 leverage ratio of 10.10%.
The available-for-sale portfolio of South Shore Bank showed an unrealized loss of $24.3 mn at ; the loss narrowed by $2.7 mn over the year.
South Shore Bank: capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 10%
South Shore Bank: unrealized securities gains and losses
- Available for sale -$24mn
- Held to maturity $0
Profitability and loan quality
For the year to , South Shore Bank earned a return on equity of 7.42%; return on assets: 0.71%. Net interest margin at South Shore Bank: 2.86%, +0.10 pp in a year. South Shore Bank net income: $8.9 mn, up 63.4% year on year. The efficiency ratio of South Shore Bank was 68.88%: about 69 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 0.24% of total loans at South Shore Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at South Shore Bank: $1.7 bn, up 7.7% in a year.
South Shore Bank: profitability
- Return on equity 7.4%
- Net interest margin 2.9%
- Return on assets 0.7%
Peer group of South Shore Bank
The peer group of South Shore Bank is the 6 banks nearest to it by total assets at : 4 larger and 2 smaller. Of the peers, 0 share the charter type of South Shore Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Massachusetts. Against them, South Shore Bank shows CET1 ratio 13.87% against a peer median of 13.04%, return on equity 7.42% against a peer median of 14.38% and uninsured deposit share 45.08% against a peer median of 25.97%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Community National Bank | National bank | TX | $2.5 bn | 17.14% | 16.91% | 48.60% | |
| American National Bank & Trust | National bank | TX | $2.5 bn | 12.66% | 9.72% | 39.33% | |
| Bank Five Nine | State nonmember bank | WI | $2.5 bn | 12.13% | 14.51% | 14.76% | |
| Community National Bank & Trust | National bank | KS | $2.5 bn | 13.04% | 13.39% | 16.59% | |
| South Shore Bank | State member bank | MA | $2.5 bn | 13.87% | 7.42% | 45.08% | |
| United Bank of Iowa | State nonmember bank | IA | $2.5 bn | not reported | 14.25% | 18.23% | |
| Esquire Bank | National bank | NY | $2.5 bn | 14.24% | 21.06% | 33.71% | |
. FDIC Call Reports.
Last eight quarters
Two years at South Shore Bank, to : assets +12.6%, deposits +12.5%, equity +11.4%. Staff 233 to 226.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.2 bn | $2.3 bn | $2.3 bn | $2.4 bn | $2.4 bn | $2.5 bn | $2.6 bn | $2.5 bn |
| Total deposits | $2.0 bn | $2.0 bn | $2.0 bn | $2.1 bn | $2.2 bn | $2.2 bn | $2.2 bn | $2.2 bn |
| Bank equity capital | $217.9 mn | $211.4 mn | $218.5 mn | $222.7 mn | $229.4 mn | $237.4 mn | $239.6 mn | $242.8 mn |
| CET1 ratio | 14.57% | 14.20% | 14.25% | 14.18% | 13.91% | 14.10% | 13.87% | 13.87% |
| Return on equity (ROE) | 5.18% | 4.04% | 4.20% | 5.01% | 6.32% | 7.11% | 7.28% | 7.42% |
| Uninsured share of domestic deposits | 40.80% | 41.53% | 40.90% | 43.30% | 43.36% | 44.83% | 46.14% | 45.08% |
| Full-time equivalent employees | 233 | 233 | 202 | 221 | 221 | 227 | 225 | 226 |
| Number of offices | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of South Shore Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed The Braintree Co-operative Bank (FDIC certificate 26570).
Large one-quarter moves at South Shore Bank
- Total assets at South Shore Bank changed by +26.5% in the quarter to 2017-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from The Braintree Co-operative Bank.
Questions and identifiers
What were the total assets of South Shore Bank?
South Shore Bank reported $2.5 bn at in its Call Report. That makes South Shore Bank the 495th largest of 497 banks in our US coverage.
Is South Shore Bank the same as its holding company?
No. This page covers South Shore Bank, FDIC certificate 90303; CHARLESBRIDGE MHC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is South Shore Bank profitable?
South Shore Bank reported net income of $8.9 mn for the year to ; annualized return on equity: 7.42%. So yes: South Shore Bank made a profit over these months.
When is data for South Shore Bank next updated?
Figures from South Shore Bank for are due after .
Where can I check the figures for South Shore Bank?
In the FDIC BankFind Suite record for certificate 90303, and in the Call Reports of South Shore Bank (RSSD ID 772008) at the FFIEC Central Data Repository.