Belmont Savings Bank


2 Leonard Street
Belmont, MA 02478
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Notable Rates APY Vs.Others
Savings 0.75% 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Belmont Savings Bank is an FDIC insured institution located in Belmont, MA. It was founded in 1885 and has approximately $3.05 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 23901
Date Established 1885
Assets $ 2.97 billion
Loans $ 2.69 billion
Deposits $ 2.13 billion
Capital $ 204.69 million

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

Deposit Rates - October 19, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
PowerBlue High Yield Savings
0.75% $10 $100,000 Learn More


Loan Rates - October 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Belmont 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
First Internet Bank
NMLS ID: 424182
2.908% 2.875%
0.38 points
$1,075 fees
$1,038 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 Belmont Savings Bank
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Financial Details

Belmont Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Belmont 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
Belmont Savings Bank U.S. Bank Average
0.51% 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, Belmont Savings Bank had $1,141,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $204,685,000 in equity and $18,373,000 in loans loss reserves. That gives it a Texas Ratio of 0.51%.

Return on Equity
Belmont Savings Bank U.S. Bank Average
13.4% 11.29%

Belmont Savings Bank has a Return on Equity of 13.4% 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.

Belmont Savings Bank U.S. Bank Average
6.89% 11.72%

Belmont Savings Bank has a Capitalization of 6.89% 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.

Belmont Savings Bank Balance Sheet Analysis

As of March 31, 2019, Belmont Savings Bank had assets of $3,047,048,000, loans of $2,687,420,000, and deposits of $2,125,328,000. 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 $ 108.61 million
Interest-bearing balances $ 98.72 million
Total securities $ 146.29 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.69 billion
Loan loss allowance $ 18.37 million
Trading account assets $ 2.93 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.06 million
All other assets $ 98.16 million
     Total Assets $ 2.84 billion
Total deposits $ 2.13 billion
      Interest-bearing deposits $ 1,914.51 million
      Deposits held in domestic offices $ 2.13 billion
      % insured (estimated) 75.37%
Federal funds purchased and repurchase agreements $ 2.24 million
Trading liabilities N.A.
Other borrowed funds $ 692.77 million
Subordinated debt N.A.
All other liabilities $ 22.02 million
      Total Liabilities $ 2.84 billion
      Shareholders’ Equity $ 129.69 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 27.08 million
Total Interest Expense $ 12.05 million
Net interest income $ 15.04 million
Provision for loan and lease losses $ 0.45 million
Total non interest income $ 1.31 million
Total non interest expense $ 32.40 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks, Belmont 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 67.85
Credit Card Loans 0.00
Consumer Auto Loans 0.34
Small Business Loans 1.00
Construction and Development Loans 2.15
Commercial Real Estate 20.69
Commercial and Industrial Loans 0.26
Farm Loans 0.00

Frequently Asked Questions About Belmont Savings Bank

Branches and Savings

Is Belmont Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #23901.

Why does Belmont 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 Belmont Savings Bank CD rates not competitive?

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

Is Belmont Savings Bank a commercial bank?


Where are Belmont Savings Bank locations?

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Is Belmont Savings Bank open on Saturdays?

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Are Belmont Savings Bank ATMs Open 24/7?

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Will Belmont Savings Bank notarize my document?

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

Will the Belmont Savings Bank branch print checks?

Do Belmont Savings Bank checks expire?

Does Belmont Savings Bank require US citizenship to open account?

Can Belmont Savings Bank close my account?

Does Belmont Savings Bank Report to credit bureaus?

Does Belmont Savings Bank Use Equifax?

What is Belmont Savings Bank's ACH Routing Number?

What is Belmont Savings Bank's SWIFT code?


Does Belmont Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Belmont Savings Bank offer personal loans?

Compare personal loan rates here.

Does Belmont Savings Bank offer student loans?

Will Belmont Savings Bank cash a check?

Will Belmont Savings Bank redeem a savings bond?

Does Belmont Savings Bank cash savings bonds?

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Does Belmont Savings Bank do currency exchange?

Background on The Bank

Who owns Belmont Savings Bank?

How long has Belmont Savings Bank been around?

Can Belmont Savings Bank transfer to other banks?

Does Belmont Savings Bank have quick pay?

Does Belmont Savings Bank accept rolled coins?

Will Belmont Savings Bank accept loose change?

Where is Belmont Savings Bank headquarters?

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