Watertown Savings Bank

60 Main Street
Watertown, MA 02472

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 23298
Date Established 1870
Assets $1.18 billion
Loans $0.60 billion
Deposits $1.05 billion
Capital $0.12 billion

Watertown Savings Bank is an FDIC insured institution located in Watertown, MA. It was founded in 1870 and has approximately $1.18 billion in assets. Customers can open an account at one of its 10 branches.

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

Bank Loan Profile?

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

Compared to other banks in Massachusetts, Watertown Savings Bank has a significantly higher percent of 1-4 Family Residential 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 87.09
Multifamily
Mortgages
1.42
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 3.69
Construction and Development Loans 2.88
Commercial Real Estate 7.89
Commercial and Industrial Loans 0.94
Farm Loans 0.00

Deposit Rates - June 26, 2019

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 $24,999 Learn MoreShow Less
Money Market
0.20% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.10% $1,000 - Learn MoreShow Less
12 Mo CD
0.10% $1,000 - Learn MoreShow Less
18 Mo CD
0.10% $1,000 - Learn MoreShow Less
24 Mo CD
0.10% $1,000 - Learn MoreShow Less
30 Mo CD
0.10% $1,000 - Learn MoreShow Less
36 Mo CD
0.20% $1,000 - Learn MoreShow Less
48 Mo CD
0.20% $1,000 - Learn MoreShow Less
60 Mo CD
0.20% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.10% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.10% $50 $2,499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $50 - Learn MoreShow Less
Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - June 26, 2019

Your Current Location: Washington, WA 98101

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

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

Watertown 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


Watertown Savings Bank Locations


Financial Details

Watertown Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Watertown 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
Watertown Savings Bank U.S. Bank Average
1.13% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, Watertown Savings Bank had $1,439,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $123,489,000 in equity and $3,323,000 in loans loss reserves. That gives it a Texas Ratio of 1.13%.

Return on Equity
Watertown Savings Bank U.S. Bank Average
5.48% 8.80%

Watertown Savings Bank has a Return on Equity of 5.48% versus the BestCashCow average of 8.80%. 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
Watertown Savings Bank U.S. Bank Average
10.43% 12.29%

Watertown Savings Bank has a Capitalization of 10.43% versus the BestCashCow average of 12.29. 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.

Watertown Savings Bank Balance Sheet Analysis

As of December 31, 2018, Watertown Savings Bank had assets of $1,184,318,000, loans of $596,675,000, and deposits of $1,050,601,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.03 billion
Total securities $0.46 billion
Federal funds sold and reverse repurchase $0.02 billion
Net loans and leases $0.60 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.05 billion
     Total Assets $1.06 billion
LIABILITIES
Total deposits $1.05 billion
      Interest-bearing deposits $0.97 billion
      Deposits held in domestic offices $1.05 billion
      % insured (estimated) 87.82%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.06 billion
      Shareholders’ Equity $0.12 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.00 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Watertown Savings Bank

Branches and Savings

Is Watertown Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #23298.

Why does Watertown 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 Watertown Savings Bank CD rates not competitive?

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

Is Watertown Savings Bank a commercial bank?

Yes

Where are Watertown Savings Bank locations?

See branch locations nearby.

Is Watertown Savings Bank open on Saturdays?

Is Watertown Savings Bank open on Sundays?

What time does Watertown Savings Bank open?

What time does Watertown Savings Bank close?

Are Watertown Savings Bank ATMs Open 24/7?

Do Watertown Savings Bank ATMs accept cash deposits?

Can Watertown Savings Bank customers use other ATMs?

Do Watertown Savings Bank branches have notaries?

Will Watertown Savings Bank notarize my document?

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

Will the Watertown Savings Bank branch print checks?

Do Watertown Savings Bank checks expire?

Does Watertown Savings Bank require US citizenship to open account?

Can Watertown Savings Bank close my account?

Does Watertown Savings Bank Report to credit bureaus?

Does Watertown Savings Bank Use Equifax?

What is Watertown Savings Bank's ACH Routing Number?

What is Watertown Savings Bank's SWIFT code?

Products

Does Watertown Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Watertown Savings Bank offer personal loans?

Compare personal loan rates here.

Does Watertown Savings Bank offer student loans?

Will Watertown Savings Bank cash a check?

Will Watertown Savings Bank redeem a savings bond?

Does Watertown Savings Bank cash savings bonds?

Will Watertown Savings Bank cash money orders?

Can Watertown Savings Bank issue a money order?

Does Watertown Savings Bank do currency exchange?

Background on The Bank

Who owns Watertown Savings Bank?

How long has Watertown Savings Bank been around?

Can Watertown Savings Bank transfer to other banks?

Does Watertown Savings Bank have quick pay?

Does Watertown Savings Bank accept rolled coins?

Will Watertown Savings Bank accept loose change?

Where is Watertown Savings Bank headquarters?

Customer Reviews for Watertown Savings Bank


  • Denyse DuBrucq

    January 01, 2016

    I very much prefer banking here. Everyone is so friendly and know who is calling by voice. Your help getting me through this year where I did as much as possible to launch my business, CryoRain Inc., is ever so much appreciated. It should be completed by the end of January and I will get salary finally after 12 years of unpaid effort. We convert emergency management efforts, fire control, and flood control from a water based effort to Nitrogen gas sourced from liquid Nitrogen. That eliminates water damage and electrical arcing from fire recovery and eliminates icing in winter events. It will even enable victories over terrorist without collateral damage if the US Department of Defense would allow a woman's discovery to be used in its endeavors. It is so much quieter than bombing and allows refugees to return to their homes, not to the pile of rubble where they previously lived.

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