Monson Savings Bank


146 Main St
Monson, MA 01057
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Monson Savings Bank is an FDIC insured institution located in Monson, MA. It was founded in 1872 and has approximately $0.67 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 90245
Date Established 1872
Assets $ 673.70 million
Loans $ 545.37 million
Deposits $ 605.44 million
Capital $ 60.46 million

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

Deposit Rates - July 21, 2024

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
MoneyMaking Checking 1.00% $0 $0.00 Learn MoreShow Less
CashBack Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - July 21, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Monson 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 2024

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Mutual of Omaha Mortgage, Inc.
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6.711% 6.625%
0.63 points
$2,850 fees
$2,049 Learn More
New American Funding, LLC.
NMLS ID: 6606
6.831% 6.740%
0.88 points
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NMLS ID: 1907
7.053% 6.875%
0.88 points
$5,802 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.076% 6.990%
0.88 points
$2,800 fees
$2,127 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to Monson Savings Bank
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Monson Savings Bank Locations around zip code 20146

Climate Policy and Initiatives

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Financial Details

Monson Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Monson Savings Bank. 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
Monson Savings Bank U.S. Bank Average
0.67% 4.29%

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, 2024, Monson Savings Bank had $428,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $60,463,000 in equity and $3,823,000 in loans loss reserves. That gives it a Texas Ratio of 0.67%.

Return on Equity
Monson Savings Bank U.S. Bank Average
7.36% 10.46%

Monson Savings Bank has a Return on Equity of 7.36% versus the BestCashCow average of 10.46%. 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.

Monson Savings Bank U.S. Bank Average
8.97% 10.73%

Monson Savings Bank has a Capitalization of 8.97% versus the BestCashCow average of 10.73. 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.

Monson Savings Bank Balance Sheet Analysis

As of March 31, 2024, Monson Savings Bank had assets of $673,703,000, loans of $545,369,000, and deposits of $605,437,000. 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, 2024
Cash & Balances due from depository institutions $ 22.86 million
Interest-bearing balances $ 17.57 million
Total securities $ 76.68 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 545.37 million
Loan loss allowance $ 3.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.41 million
All other assets $ 22.08 million
     Total Assets $ 613.24 million
Total deposits $ 605.44 million
      Interest-bearing deposits $ 477.76 million
      Deposits held in domestic offices $ 605.44 million
      % insured (estimated) 74.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.97 million
Subordinated debt N.A.
All other liabilities $ 6.17 million
      Total Liabilities $ 613.24 million
      Shareholders’ Equity $ 60.46 million

Summary Income Statement

March 31, 2024
Total Interest Income $ 7.53 million
Total Interest Expense $ 2.87 million
Net interest income $ 4.66 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.03 million
Total non interest expense $ 4.27 million
Pre-tax Net Operating Income $ 3.16 million

Bank Loan Profile?

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

Compared to other banks, Monson 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 37.63
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 4.83
Commercial Real Estate 21.97
Commercial and Industrial Loans 7.08
Farm Loans 0.00

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