Barre Savings Bank


56 Common St
Barre, MA 01005
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

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.

FDIC Insured Yes
FDIC Certificate # 90148
Date Established 1869
Assets $ 151.49 million
Loans $ 116.71 million
Deposits $ 118.39 million
Capital $ 14.84 million

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.

Deposit Rates - October 16, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 16, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.600% 3.500%
0.75 points
$3,125 fees
$1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Barre Savings Bank
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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 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% 4.78%

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 June 30, 2021, 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%.

Return on Equity
Barre Savings Bank U.S. Bank Average
4.01% 11.29%

Barre Savings Bank has a Return on Equity of 4.01% versus the BestCashCow average of 11.29%. 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.

Barre Savings Bank U.S. Bank Average
9.8% 11.72%

Barre Savings Bank has a Capitalization of 9.8% versus the BestCashCow average of 11.72. 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.

Summary Balance Sheet

June 30, 2021
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 116.71 million
Loan loss allowance $ 1.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.22 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 118.39 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 151.49 million

Summary Income Statement

June 30, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 71.18
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

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?


Where are Barre Savings Bank locations?

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Is Barre Savings Bank open on Saturdays?

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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?


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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