Bay State Savings Bank

28 Franklin Street
Worcester, MA 01608

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 90311
Date Established 1895
Assets $0.40 billion
Loans $0.34 billion
Deposits $0.30 billion
Capital $0.04 billion

Bay State Savings Bank is an FDIC insured institution located in Worcester, MA. It was founded in 1895 and has approximately $0.4 billion in assets. Customers can open an account at one of its 8 branches.

For a more detailed analysis of Bay State 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 Bay State Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Bay State 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 71.51
Multifamily
Mortgages
2.52
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 13.35
Construction and Development Loans 0.88
Commercial Real Estate 22.75
Commercial and Industrial Loans 2.32
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.20% $5,000 - Learn MoreShow Less
6 Mo CD 10K
0.25% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.15% $1 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.40% $1,000 - Learn MoreShow Less
Special: 48 Mo FIRA
2.00% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.12% $500 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.15% $500 - Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.10% $1 $24,999 Learn MoreShow Less
Premium MM 25K
0.15% $25,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
Gold Rewards Checking 0.00% $5,000 $15.00 Learn MoreShow Less
Basic Checking 0.00% $0 $3.00 Learn MoreShow Less
Choice Checking 0.00% $500 $7.00 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bay State 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 Bay State Savings Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bay State 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


Bay State Savings Bank Locations

Financial Details

Bay State Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bay State 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
Bay State Savings Bank U.S. Bank Average
11.6% 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, Bay State Savings Bank had $4,701,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $36,013,000 in equity and $4,506,000 in loans loss reserves. That gives it a Texas Ratio of 11.6%. 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
Bay State Savings Bank U.S. Bank Average
13.19% 8.58

Bay State Savings Bank has a Return on Equity of 13.19% 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
Bay State Savings Bank U.S. Bank Average
9.09% 12.11

Bay State Savings Bank has a Capitalization of 9.09% 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.

Bay State Savings Bank Balance Sheet Analysis

As of June 30, 2017, Bay State Savings Bank had assets of $396,256,000, loans of $336,612,000, and deposits of $300,301,000. 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 Bay State Savings Bank

Branches and Savings

Is Bay State Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90311.

Why does Bay State 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 Bay State Savings Bank CD rates not competitive?

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

Is Bay State Savings Bank a commercial bank?

Yes

Where are Bay State Savings Bank locations?

See branch locations nearby.

Is Bay State Savings Bank open on Saturdays?

Is Bay State Savings Bank open on Sundays?

What time does Bay State Savings Bank open?

What time does Bay State Savings Bank close?

Are Bay State Savings Bank ATMs Open 24/7?

Do Bay State Savings Bank ATMs accept cash deposits?

Can Bay State Savings Bank customers use other ATMs?

Do Bay State Savings Bank branches have notaries?

Will Bay State Savings Bank notarize my document?

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

Will the Bay State Savings Bank branch print checks?

Do Bay State Savings Bank checks expire?

Does Bay State Savings Bank require US citizenship to open account?

Can Bay State Savings Bank close my account?

Does Bay State Savings Bank Report to credit bureaus?

Does Bay State Savings Bank Use Equifax?

What is Bay State Savings Bank's ACH Routing Number?

What is Bay State Savings Bank's SWIFT code?

Products

Does Bay State Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bay State Savings Bank offer personal loans?

Compare personal loan rates here.

Does Bay State Savings Bank offer student loans?

Will Bay State Savings Bank cash a check?

Will Bay State Savings Bank redeem a savings bond?

Does Bay State Savings Bank cash savings bonds?

Will Bay State Savings Bank cash money orders?

Can Bay State Savings Bank issue a money order?

Does Bay State Savings Bank do currency exchange?

Background on The Bank

Who owns Bay State Savings Bank?

How long has Bay State Savings Bank been around?

Can Bay State Savings Bank transfer to other banks?

Does Bay State Savings Bank have quick pay?

Does Bay State Savings Bank accept rolled coins?

Will Bay State Savings Bank accept loose change?

Where is Bay State Savings Bank headquarters?

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