Belmont Savings Bank

2 Leonard Street
Belmont, MA 02478

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 23901
Date Established 1885
Assets $2.37 billion
Loans $2.07 billion
Deposits $1.62 billion
Capital $0.17 billion

Belmont Savings Bank is an FDIC insured institution located in Belmont, MA. It was founded in 1885 and has approximately $2.37 billion in assets. Customers can open an account at one of its 7 branches.

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.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 66.17
Multifamily
Mortgages
6.45
Credit Card Loans 0.00
Consumer Auto Loans 2.11
Small Business Loans 1.11
Construction and Development Loans 3.95
Commercial Real Estate 21.10
Commercial and Industrial Loans 0.26
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $500 $300,000 Learn MoreShow Less
6 Mo CD 10K
0.15% $500 $300,000 Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.01% $10 - Learn MoreShow Less
PowerBlue High Yield Savings
0.75% $10 $100,000 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.25% $10 $300,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.45% $10 $10,000 Learn MoreShow Less
Checking Rates APY MIN FEE
PlatinumBlue Checking 0.00% $2,500 $25.00 Learn MoreShow Less
SkyBlue Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
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

Belmont 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


Belmont Savings Bank Locations

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 BestCashCow.com 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
0.92% 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, Belmont Savings Bank had $1,656,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $165,146,000 in equity and $15,089,000 in loans loss reserves. That gives it a Texas Ratio of 0.92%. 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
Belmont Savings Bank U.S. Bank Average
9.62% 8.58

Belmont Savings Bank has a Return on Equity of 9.62% 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
Belmont Savings Bank U.S. Bank Average
6.97% 12.11

Belmont Savings Bank has a Capitalization of 6.97% 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.

Belmont Savings Bank Balance Sheet Analysis

As of June 30, 2017, Belmont Savings Bank had assets of $2,370,834,000, loans of $2,067,584,000, and deposits of $1,619,326,000. 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 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?

Yes

Where are Belmont Savings Bank locations?

See branch locations nearby.

Is Belmont Savings Bank open on Saturdays?

Is Belmont Savings Bank open on Sundays?

What time does Belmont Savings Bank open?

What time does Belmont Savings Bank close?

Are Belmont Savings Bank ATMs Open 24/7?

Do Belmont Savings Bank ATMs accept cash deposits?

Can Belmont Savings Bank customers use other ATMs?

Do Belmont Savings Bank branches have notaries?

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?

Products

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?

Will Belmont Savings Bank cash money orders?

Can Belmont Savings Bank issue a money order?

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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