Coastal Heritage Bank
Weymouth, Massachusetts, Norfolk County
$984M in total assets, the 1,082nd largest of 4,309 US banks and 52nd of 95 headquartered in Massachusetts.
- FDIC certificate
- 26591
- Established
- 1889
- Owned by
- Equitable Bcorp Mhc
- Primary regulator
- FED
- Website
- www.coastalheritagebank.com
At a glance
Compared with 39 banks headquartered in Massachusetts with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $984M | 98% | $494M | |
| Loans | $756M | 98% | $365M | |
| Deposits | $791M | 97% | $421M | |
| Return on assets | 0.37% | 33% | 0.43% | |
| Net interest margin | 2.84% | 40% | 2.99% | |
| Efficiency ratio | 80.8% | 41% | 83.2% | |
| Equity to assets | 10.98% | 77% | 9.41% | |
| Loans to deposits | 96% | 76% | 91% |
Growth
Total assets grew 0.4% a year over the last 5 years and 15.5% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2019 | Coastal Heritage Bank Weymouth, MA | $529M |
| Apr 2019 | Scituate Federal Savings Bank Scituate, MA | n/a |
| Jul 2016 | Equitable Co-operative Bank Lynn, MA, an affiliate under the same holding company | $100M |
Where they operate
10 branches in 2 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Norfolk County, MA | $423M | 0.8% | 18 of 35 |
| Plymouth County, MA | $368M | 2.0% | 10 of 17 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 6 branches since 2016 (4 to 10, +150.0%). 1 opened, 11 acquired, 6 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 4 | |||
| 2016 | Acquired Equitable Co-operative Bank | 2 | 0 | +2 | 6 |
| 2018 | Opened Quincy | 1 | 0 | +1 | 7 |
| 2019 | Acquired Coastal Heritage Bank and Scituate Federal Savings Bank | 9 | 0 | +9 | 16 |
| 2021 | Closed East Bridgewater and Quincy | 0 | 2 | −2 | 14 |
| 2022 | Sold 2 branches to Reading Co-operative Bank | 0 | 2 | −2 | 12 |
| 2025 | Closed Hingham and Norwell | 0 | 2 | −2 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 59% | 60% | |
| Commercial real estate | 22% | 20% | |
| Multifamily | 8% | 9% | |
| Construction and land | 6% | 5% | |
| Business (C&I) | 4% | 4% | |
| Consumer | 1% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 48% | 47% | |
| Time deposits | 31% | 37% | |
| Noninterest-bearing | 20% | 15% |
Brokered deposits are 2.5% of deposits (peers 3.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.91% | 0.31% |
| Net charge-offs, annualized | 0.00% | 0.00% |
| Reserves to loans | 1.06% | 0.72% |
| Leverage ratio | 11.54% | 10.11% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Massachusetts
Largest competitors in Norfolk County, MA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/coastal-heritage