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444 Main Street
Athol, MA 01331

Athol Savings Bank is headquartered in Athol and is the 87th largest bank in the state of Massachusetts. It is also the 1,966th largest bank in the nation. It was established in 1867 and as of June of 2014, it had grown to 85 employees at 8 locations. Athol Savings Bank has a A health rating.

Reviews (1)

Just A Number

We have been with this instatution for over 15 years and have noticed that it has turned from a home town bank to another bank where you are now just a number!!  For such a small bank it's not worth sticking around.  We are looking for a new bank.  Thanks.


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Athol Savings Bank had $782,000 in non-current loans and owned real-estate with $51.26 million in equity and loan loss allowances on hand to cover it. This gives Athol Savings Bank a Texas Ratio of 1.53% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Athol Savings Bank decreased dramatically from 2.71% as of June 30, 2013 to 1.53% as of June 30, 2014, resulting in a positive change of 43.72%.This indicates that the balance sheet and financial strength for Athol Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Athol Savings Bank has decreased its total deposits by -$6.94 million, resulting in -2.41% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Athol Savings Bank has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Athol Savings Bank has $335.57 million in assets with $51.26 million in equity, resulting in a capitalization level of 15.27%, which is excellent.

Institution Statistics

FDIC Certificate #90146
Year Established1867
Primary RegulatorFDIC
Assets and Liabilities
Assets$335.57 million
Loans$189.49 million
Deposits$281.03 million
Equity Capital$49.08 million
Loan Loss Allowance$2.17 million
Unbacked Noncurrent Loans$732,000
Real Estate Owned$50,000
Historic Data - June 2013
Assets$336.24 million
Equity Capital$45.50 million
Loan Loss Allowance$2.13 million
Unbacked Noncurrent Loans$732,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.43%
Return on Equity2.98%
Interest Income$5.04 million

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Athol Savings Bank Savings Account Rates

0.50%--Save$um Passbook Savings
0.20%$5k-Business Statement Savings
0.10%--Statement Savings
0.10%--Passbook Savings
0.10%--Club Accounts
0.10%--IRA Statement Savings
0.10%--Business Passbook Savings
0.10%--Transactional Statement Savings

Athol Savings Bank Money Market Rates

0.35%$500k-Tierred Business Money Market
0.20%$2,500-Money Market
0.20%$2,500-Business Money Market

Athol Savings Bank Checking Account Rates

0.30%$2,500-Premium Interest Checking
0.25%--Business Interest Checking
0.10%--Direct Free Interest Checking
0.10%--Fabulous 50 Free Interest Checking

Athol Savings Bank CD Rates

1.50%$250-Save$um CD
1.45%$500-5 Year CD
1.00%$500-3 Year CD
0.79%$500-2 Year CD
0.60%$500-18 Month CD
0.50%$500-15 Month CD
0.40%$500-1 Year CD
0.35%$500-9 Month CD
0.25%$500-6 Month CD
0.15%$500-3 Month CD

Athol Savings Bank IRA Rates

1.45%$500-5 Year IRA
1.00%$500-3 Year IRA
0.79%$500-2 Year IRA
0.60%$500-18 Month IRA
0.50%$500-15 Month IRA
0.40%$500-1 Year IRA
0.35%$500-9 Month IRA
0.25%$500-6 Month IRA

Athol Savings Bank Locations
Winchendon Branch112 Central StreetWinchendon, MA 1475
Athol Branch1499 Main StreetAthol, MA 1331
Gardner Branch196 Timpany BoulevardGardner, MA 1440
Baldwinville Branch22 Elm StreetBaldwinville, MA 1436
Main Street Branch388 Main StreetAthol, MA 1331
Athol Savings Bank444 Main StreetAthol, MA 1331
Ashburnham Branch52 Main StreetAshburnham, MA 1430
Barre Branch560 Summer StreetBarre, MA 1005