Seamen's Bank: how it compares with its peers
Against 30 MA banks with half to twice its assets, Seamen's Bank's strongest measure in Q2 2026 is net interest margin (3.94% vs. a 2.99% peer median). Its weakest relative measure is assets per employee ($6.6M vs. $8.3M).
| Measure | Seamen's Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.60% | 0.44% | Top third Ahead of 73% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.94% | 2.99% | Top third Ahead of 93% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 80.62% | 83.91% | Middle third Ahead of 60% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.6M | $8.3M | Bottom third Ahead of 10% of peers |
| Loans to deposits Net loans and leases over total deposits. | 89.57% | 90.81% | Context |
What it means for lending operations
Its efficiency ratio of 80.62% is better than the 83.91% 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
- Dean Co-operative Bank Franklin, MA · $494M
- The Pittsfield Co-operative Bank Pittsfield, MA · $452M
- North Brookfield Savings Bank North Brookfield, MA · $449M
- The National Grand Bank of Marblehead Marblehead, MA · $445M
- Milford Federal Bank Milford, MA · $545M
- The Cooperative Bank Roslindale, MA · $548M
Questions about Seamen's Bank
How big is Seamen's Bank?
Seamen's Bank, established in 1851, is headquartered in Provincetown, MA. It reported $478M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Seamen's Bank's return on assets?
0.60% annualized in Q2 2026, against a 0.44% median for 30 MA banks with half to twice its assets, ahead of 73% of them.
What is Seamen's Bank's efficiency ratio?
80.62% in Q2 2026: it spent about 81 cents in noninterest expense for each dollar of revenue. The peer median is 83.91%, and lower is better.
Is Seamen's Bank growing its loans?
Net loans grew 2.5% over the year to Q2 2026, while deposits shrank 1.5%.
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.