Dedham Institution for Savings

Headquarters

55 Elm Street
Dedham, MA 02026
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.65% 1.05% →
5-Year CD 0.75% 1.30% →
30-Year Mortgage 3.71% 2.80% →
15-Year Mortgage 3.39% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Dedham Institution for Savings is an FDIC insured institution located in Dedham, MA. It was founded in 1831 and has approximately $1.57 billion in assets. Customers can open an account at one of its 15 branches.

FDIC Insured Yes
FDIC Certificate # 23620
Date Established 1831
Assets $ 1,567.04 million
Loans $ 1,184.37 million
Deposits $ 1,267.78 million
Capital $ 179.70 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.60% $10,000 $14,999 Learn More
Money Market
0.60% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
Special: 9 Mo CD
0.55% $1,000 - Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
Special: 15 Mo CD
0.65% $1,000 - Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
30 Mo CD
0.65% $10,000 $14,999 Learn More
30 Mo CD
0.65% $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
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $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

Fixed IRA Rates APY MIN MAX
Special: 9 Mo FIRA
0.55% $100 - Learn MoreShow Less
Special: 15 Mo FIRA
0.65% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Interest Rewards Checking Reward 1.00% $0 $0.00 Learn MoreShow Less
Free Checking 0.00% $1 $0.00 Learn MoreShow Less
CheckPlus Checking 0.05% $10,000 $10.00 Learn MoreShow Less

Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 5.50% 5.50% $477.53

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

Dedham Institution for Savings 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


Dedham Institution for Savings Locations


Financial Details

Dedham Institution for Savings Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Dedham Institution for Savings. 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
Dedham Institution for Savings U.S. Bank Average
1.34% 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, Dedham Institution for Savings had $2,513,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $179,703,000 in equity and $8,310,000 in loans loss reserves. That gives it a Texas Ratio of 1.34%.

Return on Equity
Dedham Institution for Savings U.S. Bank Average
-6% 7.80%

Dedham Institution for Savings has a Return on Equity of -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
Dedham Institution for Savings U.S. Bank Average
11.47% 12.68%

Dedham Institution for Savings has a Capitalization of 11.47% 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.

Dedham Institution for Savings Balance Sheet Analysis

As of March 31, 2020, Dedham Institution for Savings had assets of $1,567,042,000, loans of $1,184,373,000, and deposits of $1,267,781,000. 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 $ 9.67 million
Interest-bearing balances $ 0.55 million
Total securities $ 319.80 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,184.37 million
Loan loss allowance $ 8.31 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.49 million
All other assets $ 44.69 million
     Total Assets $ 1,387.34 million
LIABILITIES
Total deposits $ 1,267.78 million
      Interest-bearing deposits $ 1,135.67 million
      Deposits held in domestic offices $ 1,267.78 million
      % insured (estimated) 77.39%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 91.77 million
Subordinated debt N.A.
All other liabilities $ 27.79 million
      Total Liabilities $ 1,387.34 million
      Shareholders’ Equity $ 179.70 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 14.73 million
Total Interest Expense $ 2.90 million
Net interest income $ 11.83 million
Provision for loan and lease losses $ 0.66 million
Total non interest income $ 0.75 million
Total non interest expense $ 10.17 million
Pre-tax Net Operating Income $ 1.75 million

Bank Loan Profile?

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

Compared to other banks in Massachusetts, Dedham Institution for Savings has a significantly higher percent of Construction and Development Loans 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 57.19
Multifamily
Mortgages
7.80
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 4.23
Construction and Development Loans 17.16
Commercial Real Estate 14.03
Commercial and Industrial Loans 3.24
Farm Loans 0.00

Frequently Asked Questions About Dedham Institution For Savings

Branches and Savings

Is Dedham Institution For Savings FDIC insured?

Yes. It is covered under FDIC Certificate #23620.

Why does Dedham Institution For Savings pay such low interest on savings accounts?

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

Why are Dedham Institution For Savings CD rates not competitive?

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

Is Dedham Institution For Savings a commercial bank?

Yes

Where are Dedham Institution For Savings locations?

See branch locations nearby.

Is Dedham Institution For Savings open on Saturdays?

Is Dedham Institution For Savings open on Sundays?

What time does Dedham Institution For Savings open?

What time does Dedham Institution For Savings close?

Are Dedham Institution For Savings ATMs Open 24/7?

Do Dedham Institution For Savings ATMs accept cash deposits?

Can Dedham Institution For Savings customers use other ATMs?

Do Dedham Institution For Savings branches have notaries?

Will Dedham Institution For Savings notarize my document?

What address for Dedham Institution For Savings should I put for incoming ACH transfers?

Will the Dedham Institution For Savings branch print checks?

Do Dedham Institution For Savings checks expire?

Does Dedham Institution For Savings require US citizenship to open account?

Can Dedham Institution For Savings close my account?

Does Dedham Institution For Savings Report to credit bureaus?

Does Dedham Institution For Savings Use Equifax?

What is Dedham Institution For Savings's ACH Routing Number?

What is Dedham Institution For Savings's SWIFT code?

Products

Does Dedham Institution For Savings offer mortgages?

Compare mortgage rates here.

Does Dedham Institution For Savings offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Dedham Institution For Savings offer personal loans?

Compare personal loan rates here.

Does Dedham Institution For Savings offer student loans?

Will Dedham Institution For Savings cash a check?

Will Dedham Institution For Savings redeem a savings bond?

Does Dedham Institution For Savings cash savings bonds?

Will Dedham Institution For Savings cash money orders?

Can Dedham Institution For Savings issue a money order?

Does Dedham Institution For Savings do currency exchange?

Background on The Bank

Who owns Dedham Institution For Savings?

How long has Dedham Institution For Savings been around?

Can Dedham Institution For Savings transfer to other banks?

Does Dedham Institution For Savings have quick pay?

Does Dedham Institution For Savings accept rolled coins?

Will Dedham Institution For Savings accept loose change?

Where is Dedham Institution For Savings headquarters?

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