Monson Savings Bank

Headquarters

146 Main Street
Monson, MA 01057
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.95% →
1-Year CD 0.45% 1.01% →
2-Year CD 0.50% 0.95% →
5-Year CD N.A. 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

Monson Savings Bank is an FDIC insured institution located in Monson, MA. It was founded in 1872 and has approximately $0.45 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 90245
Date Established 1872
Assets $ 447.16 million
Loans $ 352.48 million
Deposits $ 396.16 million
Capital $ 41.33 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 - October 25, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 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
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $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

Checking Rates APY MIN FEE
MoneyMaking Checking 0.75% $0 $0.00 Learn MoreShow Less
MoneyMaking Checking 0.75% $0 $0.00 Learn MoreShow Less
CashBack Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

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 - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Monson Savings Bank
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Branches

Monson 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:
Seattle,Washington


Monson Savings Bank Locations


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 BestCashCow.com 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
0.39% 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, Monson Savings Bank had $180,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $41,332,000 in equity and $4,471,000 in loans loss reserves. That gives it a Texas Ratio of 0.39%.

Return on Equity
Monson Savings Bank U.S. Bank Average
7.56% 7.80%

Monson Savings Bank has a Return on Equity of 7.56% 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
Monson Savings Bank U.S. Bank Average
9.24% 12.68%

Monson Savings Bank has a Capitalization of 9.24% 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.

Monson Savings Bank Balance Sheet Analysis

As of March 31, 2020, Monson Savings Bank had assets of $447,156,000, loans of $352,483,000, and deposits of $396,159,000. 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 $ 31.87 million
Interest-bearing balances $ 28.91 million
Total securities $ 41.82 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 352.48 million
Loan loss allowance $ 4.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.26 million
All other assets $ 15.59 million
     Total Assets $ 405.82 million
LIABILITIES
Total deposits $ 396.16 million
      Interest-bearing deposits $ 285.21 million
      Deposits held in domestic offices $ 396.16 million
      % insured (estimated) 78.05%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.31 million
Subordinated debt N.A.
All other liabilities $ 4.36 million
      Total Liabilities $ 405.82 million
      Shareholders’ Equity $ 41.33 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.46 million
Total Interest Expense $ 0.94 million
Net interest income $ 3.52 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.59 million
Total non interest expense $ 3.05 million
Pre-tax Net Operating Income $ 1.01 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 Commercial and Industrial Loans.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 44.61
Multifamily
Mortgages
9.67
Credit Card Loans 0.00
Consumer Auto Loans 0.81
Small Business Loans 0.00
Construction and Development Loans 8.53
Commercial Real Estate 25.53
Commercial and Industrial Loans 11.60
Farm Loans 0.00

Frequently Asked Questions About Monson Savings Bank

Branches and Savings

Is Monson Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #90245.

Why does Monson 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 Monson Savings Bank CD rates not competitive?

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

Is Monson Savings Bank a commercial bank?

Yes

Where are Monson Savings Bank locations?

See branch locations nearby.

Is Monson Savings Bank open on Saturdays?

Is Monson Savings Bank open on Sundays?

What time does Monson Savings Bank open?

What time does Monson Savings Bank close?

Are Monson Savings Bank ATMs Open 24/7?

Do Monson Savings Bank ATMs accept cash deposits?

Can Monson Savings Bank customers use other ATMs?

Do Monson Savings Bank branches have notaries?

Will Monson Savings Bank notarize my document?

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

Will the Monson Savings Bank branch print checks?

Do Monson Savings Bank checks expire?

Does Monson Savings Bank require US citizenship to open account?

Can Monson Savings Bank close my account?

Does Monson Savings Bank Report to credit bureaus?

Does Monson Savings Bank Use Equifax?

What is Monson Savings Bank's ACH Routing Number?

What is Monson Savings Bank's SWIFT code?

Products

Does Monson Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Monson Savings Bank offer personal loans?

Compare personal loan rates here.

Does Monson Savings Bank offer student loans?

Will Monson Savings Bank cash a check?

Will Monson Savings Bank redeem a savings bond?

Does Monson Savings Bank cash savings bonds?

Will Monson Savings Bank cash money orders?

Can Monson Savings Bank issue a money order?

Does Monson Savings Bank do currency exchange?

Background on The Bank

Who owns Monson Savings Bank?

How long has Monson Savings Bank been around?

Can Monson Savings Bank transfer to other banks?

Does Monson Savings Bank have quick pay?

Does Monson Savings Bank accept rolled coins?

Will Monson Savings Bank accept loose change?

Where is Monson Savings Bank headquarters?

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