Barre Savings Bank

56 Common St
Barre, MA 01005

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 90148
Date Established 1869
Assets $0.15 billion
Loans $0.12 billion
Deposits $0.12 billion
Capital $0.01 billion

Barre Savings Bank is an FDIC insured institution located in Barre, MA. It was founded in 1869 and has approximately $0.15 billion in assets.

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

Bank Loan Profile?

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

Compared to other banks, Barre Savings Bank’s loan portfolio does not show any specific loan specialty.

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 71.18
Multifamily
Mortgages
2.57
Credit Card Loans 0.00
Consumer Auto Loans 0.22
Small Business Loans 10.01
Construction and Development Loans 2.85
Commercial Real Estate 17.44
Commercial and Industrial Loans 5.39
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Barre Savings Bank, but see these great savings and CD rates:


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Barre Savings Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
HomeDirect Mortgage
NMLS ID: 420821
3.888% 3.875% 0.13 $497 $1,176 Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Barre Savings Bank
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Branches

Barre 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


Barre Savings Bank Locations

Financial Details

Barre Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Barre 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
Barre Savings Bank U.S. Bank Average
9.36% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Barre Savings Bank had $1,312,000 in non-current loans and $218,000 in owned real estate. To cover these potential losses it had $14,843,000 in equity and $1,507,000 in loans loss reserves. That gives it a Texas Ratio of 9.36%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Barre Savings Bank U.S. Bank Average
4.01% 8.58

Barre Savings Bank has a Return on Equity of 4.01% versus the BestCashCow average of 8.58. 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
Barre Savings Bank U.S. Bank Average
9.8% 12.11

Barre Savings Bank has a Capitalization of 9.8% versus the BestCashCow average of 12.11. 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.

Barre Savings Bank Balance Sheet Analysis

As of March 31, 2015, Barre Savings Bank had assets of $153,333,000, loans of $116,708,000, and deposits of $118,387,000. 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.

Frequently Asked Questions About Barre Savings Bank

Branches and Savings

Is Barre Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90148.

Why does Barre 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 Barre Savings Bank CD rates not competitive?

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

Is Barre Savings Bank a commercial bank?

Yes

Where are Barre Savings Bank locations?

See branch locations nearby.

Is Barre Savings Bank open on Saturdays?

Is Barre Savings Bank open on Sundays?

What time does Barre Savings Bank open?

What time does Barre Savings Bank close?

Are Barre Savings Bank ATMs Open 24/7?

Do Barre Savings Bank ATMs accept cash deposits?

Can Barre Savings Bank customers use other ATMs?

Do Barre Savings Bank branches have notaries?

Will Barre Savings Bank notarize my document?

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

Will the Barre Savings Bank branch print checks?

Do Barre Savings Bank checks expire?

Does Barre Savings Bank require US citizenship to open account?

Can Barre Savings Bank close my account?

Does Barre Savings Bank Report to credit bureaus?

Does Barre Savings Bank Use Equifax?

What is Barre Savings Bank's ACH Routing Number?

What is Barre Savings Bank's SWIFT code?

Products

Does Barre Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Barre Savings Bank offer personal loans?

Compare personal loan rates here.

Does Barre Savings Bank offer student loans?

Will Barre Savings Bank cash a check?

Will Barre Savings Bank redeem a savings bond?

Does Barre Savings Bank cash savings bonds?

Will Barre Savings Bank cash money orders?

Can Barre Savings Bank issue a money order?

Does Barre Savings Bank do currency exchange?

Background on The Bank

Who owns Barre Savings Bank?

How long has Barre Savings Bank been around?

Can Barre Savings Bank transfer to other banks?

Does Barre Savings Bank have quick pay?

Does Barre Savings Bank accept rolled coins?

Will Barre Savings Bank accept loose change?

Where is Barre Savings Bank headquarters?

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