Country Bank for Savings


75 Main St
Ware, MA 01082
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.35% 0.67% →
2-Year CD 0.45% 0.80% →
5-Year CD 0.75% 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

Country Bank for Savings is an FDIC insured institution located in Ware, MA. It was founded in 1850 and has approximately $1.76 billion in assets. Customers can open an account at one of its 16 branches.

FDIC Insured Yes
FDIC Certificate # 23992
Date Established 1850
Assets $ 1,758.25 million
Loans $ 1,134.54 million
Deposits $ 1,377.28 million
Capital $ 266.21 million

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

Deposit Rates - November 28, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.85% $10,000 $14,999 Learn More
18 Mo CD
0.85% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less
Money Market Checking 0.10% $0 $0.00 Learn MoreShow Less

Loan Rates - November 28, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Country Bank for Savings

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 2021

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.967% 3.875%
0.63 points
$2,812 fees
$1,176 Learn More

Featured - Virginia 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
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

Note to Country Bank for Savings
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Country Bank for Savings Locations

Climate Initiatives

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Financial Details

Country Bank for Savings Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Country Bank for Savings. 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
Country Bank for Savings U.S. Bank Average
9.74% 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, Country Bank for Savings had $27,200,000 in non-current loans and $151,000 in owned real estate. To cover these potential losses it had $266,213,000 in equity and $14,505,000 in loans loss reserves. That gives it a Texas Ratio of 9.74%.

Return on Equity
Country Bank for Savings U.S. Bank Average
4.55% 11.29%

Country Bank for Savings has a Return on Equity of 4.55% 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.

Country Bank for Savings U.S. Bank Average
15.14% 11.72%

Country Bank for Savings has a Capitalization of 15.14% 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.

Country Bank for Savings Balance Sheet Analysis

As of June 30, 2021, Country Bank for Savings had assets of $1,758,247,000, loans of $1,134,543,000, and deposits of $1,377,283,000. 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 $ 269.92 million
Interest-bearing balances $ 254.46 million
Total securities $ 313.50 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,134.54 million
Loan loss allowance $ 14.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.15 million
Goodwill and other intangibles $ 1.21 million
All other assets $ 25.12 million
     Total Assets $ 1,492.03 million
Total deposits $ 1,377.28 million
      Interest-bearing deposits $ 1,039.92 million
      Deposits held in domestic offices $ 1,377.28 million
      % insured (estimated) 76.13%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 93.25 million
Subordinated debt N.A.
All other liabilities $ 21.50 million
      Total Liabilities $ 1,492.03 million
      Shareholders’ Equity $ 266.21 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 28.12 million
Total Interest Expense $ 2.89 million
Net interest income $ 25.23 million
Provision for loan and lease losses $ 0.50 million
Total non interest income $ 4.04 million
Total non interest expense $ 21.03 million
Pre-tax Net Operating Income $ 7.74 million

Bank Loan Profile?

The top three loan types in Country Bank for Savings’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Massachusetts, Country Bank for Savings has a significantly higher percent of 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 41.88
Credit Card Loans 0.00
Consumer Auto Loans 0.34
Small Business Loans 4.33
Construction and Development Loans 10.43
Commercial Real Estate 36.82
Commercial and Industrial Loans 4.10
Farm Loans 0.00

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