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This institution is no longer active

Operations ceased on January 1, 2002. CRA examination history below reflects the period it was active.

GLOUCESTER BANK & TRUST COMPANY

GLOUCESTER, MA · Supervised by FDIC

Est. 1987FDIC #26,884RSSD: FDIC-26884
Part ofBANKNORTH GROUP INC→ View all charters
Outstanding Same

Current rating · Exam: September 1998

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Needs Attention

ROA -0.02%

Is this bank safe?

GLOUCESTER BANK & TRUST COMPANY earned an Outstanding CRA rating (1998), shows financial metrics that merit closer review (ROA -0.02%). Consumers may want to review the details below before banking here.

Institution Profile

FDIC BankFind

Address

2 Harbor Loop, GLOUCESTER, MA

County

Essex County

Established

January 2, 1987

Total Assets

$165M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

September 1, 1998

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 27 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2001Call Report / FDIC

Total Assets

$165M

Total Deposits

$103M

Net Loans

$94M

Net Income

$-29K

ROA

-0.02%

Below avg for Small banks. Peer avg: 0.44%

ROE

-0.12%

Risk-Based Capital

19.10%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA-0.02%Peer avg: 0.44%▼ Below avg
Risk-Based Capital19.10%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC
Exam DateRatingExam Type
Sep 1998OutstandingSmall Bank
Jun 1996OutstandingSmall Bank
Jan 1994SatisfactoryNot Reported

1 previous rating locked — back to 1991

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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