Athol Savings Bank

Headquarters

388 Main Street
Athol, MA 01331
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.60% →
1-Year CD 0.40% 1.55% →
2-Year CD 0.80% 1.45% →
5-Year CD 1.20% 1.66% →
30-Year Mortgage 3.78% 3.09% →
15-Year Mortgage 3.56% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Athol Savings Bank is an FDIC insured institution located in Athol, MA. It was founded in 1867 and has approximately $0.45 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 90146
Date Established 1867
Assets $ 448.28 million
Loans $ 291.89 million
Deposits $ 374.18 million
Capital $ 61.01 million
 

For a more detailed analysis of Athol Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $10 - Learn More
Money Market
0.25% $2,500 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $500 - Learn More
6 Mo CD
0.25% $500 - Learn More
12 Mo CD
0.40% $500 - Learn More
Special: 13 Mo CD
0.75% $500 $500,000 Learn More
Special: 16 Mo CD
1.00% $500 $500,000 Learn More
18 Mo CD
0.60% $500 - Learn More
24 Mo CD
0.80% $500 - Learn More
36 Mo CD
1.00% $500 - Learn More
60 Mo CD
1.20% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $500 - Learn MoreShow Less
Special: 13 Mo FIRA
0.75% $500 $500,000 Learn MoreShow Less
Special: 16 Mo FIRA
1.00% $500 $500,000 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $10 $2,499 Learn MoreShow Less
Int Ckg
0.20% $2,500 - Learn MoreShow Less
Checking Rates APY MIN FEE
Completely Free Checking 0.00% $0 $0.00 Learn MoreShow Less
Premium Interest Checking 0.05% $1,000 $8.00 Learn MoreShow Less

Loan Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.79% 2.79% $724.72
4 Year 3.29% 3.29% $556.57
5 Year 3.79% 3.79% $458.05
6 Year 3.99% 3.99% $391.02
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Athol Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Athol Savings Bank Locations


Financial Details

Athol Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Athol Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Athol Savings Bank U.S. Bank Average
3.05% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Athol Savings Bank had $1,963,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $61,008,000 in equity and $3,440,000 in loans loss reserves. That gives it a Texas Ratio of 3.05%.

Return on Equity
Athol Savings Bank U.S. Bank Average
5.25% 9.41%

Athol Savings Bank has a Return on Equity of 5.25% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Athol Savings Bank U.S. Bank Average
13.61% 12.82%

Athol Savings Bank has a Capitalization of 13.61% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Athol Savings Bank Balance Sheet Analysis

As of December 31, 2019, Athol Savings Bank had assets of $448,277,000, loans of $291,889,000, and deposits of $374,180,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 10.14 million
Interest-bearing balances $ 4.65 million
Total securities $ 120.11 million
Federal funds sold and reverse repurchase $ 3.30 million
Net loans and leases $ 291.89 million
Loan loss allowance $ 3.44 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.01 million
All other assets $ 16.97 million
     Total Assets $ 387.27 million
LIABILITIES
Total deposits $ 374.18 million
      Interest-bearing deposits $ 325.94 million
      Deposits held in domestic offices $ 374.18 million
      % insured (estimated) 88.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.00 million
Subordinated debt N.A.
All other liabilities $ 7.09 million
      Total Liabilities $ 387.27 million
      Shareholders’ Equity $ 61.01 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 15.25 million
Total Interest Expense $ 3.58 million
Net interest income $ 11.67 million
Provision for loan and lease losses $ 0.60 million
Total non interest income $ 4.08 million
Total non interest expense $ 13.19 million
Pre-tax Net Operating Income $ 1.95 million

Bank Loan Profile?

The top three loan types in Athol Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Massachusetts, Athol Savings Bank has a significantly higher percent of 1-4 Family Residential Loans, Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 75.33
Multifamily
Mortgages
1.95
Credit Card Loans 0.00
Consumer Auto Loans 3.18
Small Business Loans 5.24
Construction and Development Loans 2.15
Commercial Real Estate 14.82
Commercial and Industrial Loans 2.74
Farm Loans 0.00

Frequently Asked Questions About Athol Savings Bank

Branches and Savings

Is Athol Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90146.

Why does Athol Savings Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Athol Savings Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Athol Savings Bank a commercial bank?

Yes

Where are Athol Savings Bank locations?

See branch locations nearby.

Is Athol Savings Bank open on Saturdays?

Is Athol Savings Bank open on Sundays?

What time does Athol Savings Bank open?

What time does Athol Savings Bank close?

Are Athol Savings Bank ATMs Open 24/7?

Do Athol Savings Bank ATMs accept cash deposits?

Can Athol Savings Bank customers use other ATMs?

Do Athol Savings Bank branches have notaries?

Will Athol Savings Bank notarize my document?

What address for Athol Savings Bank should I put for incoming ACH transfers?

Will the Athol Savings Bank branch print checks?

Do Athol Savings Bank checks expire?

Does Athol Savings Bank require US citizenship to open account?

Can Athol Savings Bank close my account?

Does Athol Savings Bank Report to credit bureaus?

Does Athol Savings Bank Use Equifax?

What is Athol Savings Bank's ACH Routing Number?

What is Athol Savings Bank's SWIFT code?

Products

Does Athol Savings Bank offer mortgages?

Compare mortgage rates here.

Does Athol Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Athol Savings Bank offer personal loans?

Compare personal loan rates here.

Does Athol Savings Bank offer student loans?

Will Athol Savings Bank cash a check?

Will Athol Savings Bank redeem a savings bond?

Does Athol Savings Bank cash savings bonds?

Will Athol Savings Bank cash money orders?

Can Athol Savings Bank issue a money order?

Does Athol Savings Bank do currency exchange?

Background on The Bank

Who owns Athol Savings Bank?

How long has Athol Savings Bank been around?

Can Athol Savings Bank transfer to other banks?

Does Athol Savings Bank have quick pay?

Does Athol Savings Bank accept rolled coins?

Will Athol Savings Bank accept loose change?

Where is Athol Savings Bank headquarters?

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