HIFS

Hingham Institution for Savings operates as the holding company for Hingham Savings, a Massachusetts-chartered mutual savings bank founded in 1834. The company provides traditional banking services including residential and commercial real estate loans, construction financing, home equity lines of credit, and a range of deposit products such as savings accounts, checking accounts, and certificates of deposit. Headquartered in Hingham, Massachusetts, HIFS maintains approximately ten branch locations across eastern Massachusetts and operates a loan production office in Washington, D.C. The bank focuses primarily on real estate lending, with commercial and residential mortgages comprising the substantial majority of its loan portfolio. HIFS serves individuals, small businesses, and commercial real estate investors throughout its market area. The company maintains a conservative banking model characterized by strong capital ratios, minimal credit losses, and consistent profitability. As of recent reports, HIFS holds approximately $3.8 billion in total assets with a loan portfolio exceeding $3.3 billion. The bank has expanded its geographic footprint over the past decade, particularly strengthening its presence in the Boston metropolitan area and Washington, D.C. market. HIFS operates with approximately 120 employees and maintains its mutual ownership structure, distinguishing it from publicly traded competitors. The institution emphasizes personalized customer service and relationship banking while maintaining disciplined underwriting standards.