Chicopee Savings Bank

Headquarters

70 Center Street
Chicopee, MA 01013
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Chicopee Savings Bank is an FDIC insured institution located in Chicopee, MA. It was founded in 1854 and has approximately $0.72 billion in assets.

FDIC Insured Yes
FDIC Certificate # 90179
Date Established 1854
Assets $ 701.01 million
Loans $ 599.95 million
Deposits $ 545.36 million
Capital $ 77.72 million
 

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

Deposit Rates - November 25, 2020

Your Current Location: Virginia, VA 20146

 

Loan Rates - November 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Chicopee 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
New American Funding
NMLS ID: 6606
2.604% 2.500% 0.75 $3,434 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Chicopee Savings Bank
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Branches

Chicopee 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


Chicopee Savings Bank Locations


Financial Details

Chicopee Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Chicopee 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
Chicopee Savings Bank U.S. Bank Average
9.7% 6.94%

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 March 31, 2020, Chicopee Savings Bank had $7,034,000 in non-current loans and $1,061,000 in owned real estate. To cover these potential losses it had $77,719,000 in equity and $5,742,000 in loans loss reserves. That gives it a Texas Ratio of 9.7%.

Return on Equity
Chicopee Savings Bank U.S. Bank Average
3.7% 7.80%

Chicopee Savings Bank has a Return on Equity of 3.7% versus the BestCashCow average of 7.80%. 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
Chicopee Savings Bank U.S. Bank Average
11.09% 12.68%

Chicopee Savings Bank has a Capitalization of 11.09% versus the BestCashCow average of 12.68. 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.

Chicopee Savings Bank Balance Sheet Analysis

As of June 30, 2016, Chicopee Savings Bank had assets of $723,903,000, loans of $599,950,000, and deposits of $545,355,000. 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

March 31, 2020
ASSETS
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 $ 599.95 million
Loan loss allowance $ 5.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.06 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 545.36 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 $ 701.01 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
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 Chicopee Savings Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Massachusetts, Chicopee Savings Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

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 35.35
Multifamily
Mortgages
6.18
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 11.04
Construction and Development Loans 8.75
Commercial Real Estate 38.51
Commercial and Industrial Loans 11.73
Farm Loans 0.00

Frequently Asked Questions About Chicopee Savings Bank

Branches and Savings

Is Chicopee Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90179.

Why does Chicopee 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 Chicopee Savings Bank CD rates not competitive?

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

Is Chicopee Savings Bank a commercial bank?

Yes

Where are Chicopee Savings Bank locations?

See branch locations nearby.

Is Chicopee Savings Bank open on Saturdays?

Is Chicopee Savings Bank open on Sundays?

What time does Chicopee Savings Bank open?

What time does Chicopee Savings Bank close?

Are Chicopee Savings Bank ATMs Open 24/7?

Do Chicopee Savings Bank ATMs accept cash deposits?

Can Chicopee Savings Bank customers use other ATMs?

Do Chicopee Savings Bank branches have notaries?

Will Chicopee Savings Bank notarize my document?

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

Will the Chicopee Savings Bank branch print checks?

Do Chicopee Savings Bank checks expire?

Does Chicopee Savings Bank require US citizenship to open account?

Can Chicopee Savings Bank close my account?

Does Chicopee Savings Bank Report to credit bureaus?

Does Chicopee Savings Bank Use Equifax?

What is Chicopee Savings Bank's ACH Routing Number?

What is Chicopee Savings Bank's SWIFT code?

Products

Does Chicopee Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Chicopee Savings Bank offer personal loans?

Compare personal loan rates here.

Does Chicopee Savings Bank offer student loans?

Will Chicopee Savings Bank cash a check?

Will Chicopee Savings Bank redeem a savings bond?

Does Chicopee Savings Bank cash savings bonds?

Will Chicopee Savings Bank cash money orders?

Can Chicopee Savings Bank issue a money order?

Does Chicopee Savings Bank do currency exchange?

Background on The Bank

Who owns Chicopee Savings Bank?

How long has Chicopee Savings Bank been around?

Can Chicopee Savings Bank transfer to other banks?

Does Chicopee Savings Bank have quick pay?

Does Chicopee Savings Bank accept rolled coins?

Will Chicopee Savings Bank accept loose change?

Where is Chicopee Savings Bank headquarters?

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