Clinton Savings Bank

Headquarters

200 Church Street
Clinton, MA 01510
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.70% 0.95% →
5-Year CD 1.01% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Clinton Savings Bank is an FDIC insured institution located in Clinton, MA. It was founded in 1851 and has approximately $0.58 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 90181
Date Established 1851
Assets $ 584.43 million
Loans $ 419.17 million
Deposits $ 464.29 million
Capital $ 66.95 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
Premium Money Market Account
0.80% $10,000 $14,999 Learn More
Premium Money Market Account
0.80% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.01% $10,000 $14,999 Learn More
60 Mo CD
1.01% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Total Access Checking 0.40% $0 $0.00 Learn MoreShow Less
Basic Checking 0.00% $100 $5.00 Learn MoreShow Less
Preferred Checking 0.00% $15,000 $15.00 Learn MoreShow Less

Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Clinton 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
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.664% 2.625% 0.50 $1,285 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.444% 2.375% 0.88 $2,304 $972 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
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Clinton Savings Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Clinton 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


Clinton Savings Bank Locations


Financial Details

Clinton Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Clinton 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
Clinton Savings Bank U.S. Bank Average
6.42% 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, Clinton Savings Bank had $4,287,000 in non-current loans and $294,000 in owned real estate. To cover these potential losses it had $66,947,000 in equity and $4,386,000 in loans loss reserves. That gives it a Texas Ratio of 6.42%.

Return on Equity
Clinton Savings Bank U.S. Bank Average
-2.6% 7.80%

Clinton Savings Bank has a Return on Equity of -2.6% 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
Clinton Savings Bank U.S. Bank Average
11.46% 12.68%

Clinton Savings Bank has a Capitalization of 11.46% 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.

Clinton Savings Bank Balance Sheet Analysis

As of March 31, 2020, Clinton Savings Bank had assets of $584,434,000, loans of $419,174,000, and deposits of $464,286,000. 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 $ 25.98 million
Interest-bearing balances $ 22.04 million
Total securities $ 108.86 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 419.17 million
Loan loss allowance $ 4.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles $ 0.54 million
All other assets $ 22.98 million
     Total Assets $ 517.49 million
LIABILITIES
Total deposits $ 464.29 million
      Interest-bearing deposits $ 415.50 million
      Deposits held in domestic offices $ 464.29 million
      % insured (estimated) 84.52%
Federal funds purchased and repurchase agreements $ 2.16 million
Trading liabilities N.A.
Other borrowed funds $ 49.44 million
Subordinated debt N.A.
All other liabilities $ 1.61 million
      Total Liabilities $ 517.49 million
      Shareholders’ Equity $ 66.95 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.66 million
Total Interest Expense $ 1.34 million
Net interest income $ 4.32 million
Provision for loan and lease losses $ 0.09 million
Total non interest income $ 0.57 million
Total non interest expense $ 3.89 million
Pre-tax Net Operating Income $ 0.91 million

Bank Loan Profile?

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

Compared to other banks, Clinton 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 55.23
Multifamily
Mortgages
7.26
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.02
Construction and Development Loans 2.91
Commercial Real Estate 27.95
Commercial and Industrial Loans 4.64
Farm Loans 0.00

Frequently Asked Questions About Clinton Savings Bank

Branches and Savings

Is Clinton Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90181.

Why does Clinton 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 Clinton Savings Bank CD rates not competitive?

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

Is Clinton Savings Bank a commercial bank?

Yes

Where are Clinton Savings Bank locations?

See branch locations nearby.

Is Clinton Savings Bank open on Saturdays?

Is Clinton Savings Bank open on Sundays?

What time does Clinton Savings Bank open?

What time does Clinton Savings Bank close?

Are Clinton Savings Bank ATMs Open 24/7?

Do Clinton Savings Bank ATMs accept cash deposits?

Can Clinton Savings Bank customers use other ATMs?

Do Clinton Savings Bank branches have notaries?

Will Clinton Savings Bank notarize my document?

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

Will the Clinton Savings Bank branch print checks?

Do Clinton Savings Bank checks expire?

Does Clinton Savings Bank require US citizenship to open account?

Can Clinton Savings Bank close my account?

Does Clinton Savings Bank Report to credit bureaus?

Does Clinton Savings Bank Use Equifax?

What is Clinton Savings Bank's ACH Routing Number?

What is Clinton Savings Bank's SWIFT code?

Products

Does Clinton Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Clinton Savings Bank offer personal loans?

Compare personal loan rates here.

Does Clinton Savings Bank offer student loans?

Will Clinton Savings Bank cash a check?

Will Clinton Savings Bank redeem a savings bond?

Does Clinton Savings Bank cash savings bonds?

Will Clinton Savings Bank cash money orders?

Can Clinton Savings Bank issue a money order?

Does Clinton Savings Bank do currency exchange?

Background on The Bank

Who owns Clinton Savings Bank?

How long has Clinton Savings Bank been around?

Can Clinton Savings Bank transfer to other banks?

Does Clinton Savings Bank have quick pay?

Does Clinton Savings Bank accept rolled coins?

Will Clinton Savings Bank accept loose change?

Where is Clinton Savings Bank headquarters?

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