BankGloucester: how it compares with its peers
Against 22 MA banks with half to twice its assets, BankGloucester's strongest measure in Q2 2026 is net interest margin (3.76% vs. a 2.92% peer median). Its weakest relative measure is assets per employee ($6.8M vs. $8.1M).
| Measure | BankGloucester | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.42% | 0.38% | Middle third Ahead of 59% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.76% | 2.92% | Top third Ahead of 86% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 83.20% | 84.72% | Middle third Ahead of 64% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.8M | $8.1M | Bottom third Ahead of 18% of peers |
| Loans to deposits Net loans and leases over total deposits. | 108.94% | 91.12% | Context |
What it means for lending operations
Its efficiency ratio of 83.20% is better than the 84.72% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- New Valley Bank & Trust Springfield, MA · $385M
- Winter Hill Bank, FSB Somerville, MA · $408M
- Charles River Bank Medway, MA · $336M
- The National Grand Bank of Marblehead Marblehead, MA · $445M
- North Brookfield Savings Bank North Brookfield, MA · $449M
- The Pittsfield Co-operative Bank Pittsfield, MA · $452M
Questions about BankGloucester
How big is BankGloucester?
BankGloucester, established in 1887, is headquartered in Gloucester, MA. It reported $387M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is BankGloucester's return on assets?
0.42% annualized in Q2 2026, against a 0.38% median for 22 MA banks with half to twice its assets, ahead of 59% of them.
What is BankGloucester's efficiency ratio?
83.20% in Q2 2026: it spent about 83 cents in noninterest expense for each dollar of revenue. The peer median is 84.72%, and lower is better.
Is BankGloucester growing its loans?
Net loans shrank 1.1% over the year to Q2 2026, while deposits shrank 2.8%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Massachusetts bank ranked.