This institution is no longer active

Operations ceased on February 6, 2004. CRA examination history below reflects the period it was active.

FIRST ESSEX SAVINGS BANK

LAWRENCE, MA · Supervised by FDIC

Est. 1847FDIC #90,219RSSD: FDIC-90219

Satisfactory Same

Current rating · Exam: September 1992

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.09%

Institution Profile

FDIC BankFind

Address

290-296 Essex Street, LAWRENCE, MA

County

Essex County

Established

March 15, 1847

Total Assets

$1.7B(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

Satisfactory

Meets federal requirements for community lending

Exam Date

September 1, 1992

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 33 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 2003Call Report / FDIC

Total Assets

$1.7B

Total Deposits

$1.3B

Net Loans

$1.2B

Net Income

$19M

ROA

1.09%

ROE

11.41%

Risk-Based Capital

13.18%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 2 exams

1 previous rating locked — dating back to 1990

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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