Bay State Savings Bank

28 Franklin Street
Worcester, MA 1608
(800) 244-8161
www.baystatesavingsbank.com

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Bay State Savings Bank is headquartered in Worcester and is the 96^th largest bank in the state of Massachusetts. It is also the 2,379^th largest bank in the nation. It was established in 1895 and as of December of 2011, it had grown to 77 employees at 8 locations. Bay State Savings Bank has a 3-star health rating.

Bay State Savings Bank Routing Number: 211371023

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See Rates for: Checking | Savings | Money Market | CD | IRA

Bay State Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.75%	-	-	IOLTA Checking
0.10%	-	-	NOW Checking

Bay State Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.30%	$75k	$250k	Gold Rewards Savings Account
0.15%	-	-	Statement Savings Account
0.15%	-	-	Passbook Savings Account
0.15%	-	-	Basic Savings Account
0.15%	-	-	Smart Saver Account
0.15%	-	-	Holiday Club Account

Bay State Savings Bank Money Market Rates

Apy	Min	Max	Product
0.70%	$250k	-	Commercial Money Market
0.35%	$75k	$250k	eMoney Market Account
0.15%	$25k	$500k	Bay State BankSM Money Market
0.15%	$500	-	Minuteman Money Manager

Bay State Savings Bank CD Rates

Apy	Min	Max	Product
1.75%	$1k	-	60 Month CD
1.25%	$1k	-	48 Month CD
1.10%	$1k	-	36 Month CD
0.85%	$1k	-	24 Month CD
0.70%	$1k	-	18 Month CD
0.60%	$1k	-	12 Month CD
0.60%	$1k	-	24 Month Bump-Up CD Special
0.40%	$1k	-	6 Month CD
0.20%	$5k	-	3 Month CD

Bay State Savings Bank IRA Rates

Apy	Min	Max	Product
1.75%	$500	-	60 Month IRA
1.75%	$500	-	60 Month Roth IRA
1.75%	$500	-	60 Month SEP IRA
1.75%	$500	-	60 Month Educational IRA
1.25%	$500	-	48 Month IRA
1.25%	$500	-	48 Month Roth IRA
1.25%	$500	-	48 Month SEP IRA
1.25%	$500	-	48 Month Educational IRA
1.10%	$500	-	36 Month IRA
1.10%	$500	-	36 Month Roth IRA
1.10%	$500	-	36 Month SEP IRA
1.10%	$500	-	36 Month Educational IRA
0.85%	$500	-	24 Month IRA
0.85%	$500	-	24 Month Roth IRA
0.85%	$500	-	24 Month SEP IRA
0.85%	$500	-	24 Month Educational IRA
0.70%	$500	-	18 Month IRA
0.70%	$500	-	18 Month Roth IRA
0.70%	$500	-	18 Month SEP IRA
0.70%	$500	-	18 Month Educational IRA
0.60%	$500	-	12 Month IRA
0.60%	$500	-	12 Month Roth IRA
0.60%	$500	-	12 Month SEP IRA
0.60%	$500	-	12 Month Educational IRA
0.40%	$500	-	6 Month IRA
0.40%	$500	-	6 Month Roth IRA
0.40%	$500	-	6 Month SEP IRA
0.40%	$500	-	6 Month Educational IRA
0.20%	$500	-	3 Month IRA
0.20%	$500	-	3 Month Roth IRA
0.20%	$500	-	3 Month SEP IRA
0.20%	$500	-	3 Month Educational IRA

Rates updated: 5/23/2012

Data for Q4 2011

Institution Statistics

Bay State Savings Bank
FDIC Certificate #	90311
BankRate Report	View
Year Established	1895
Employees	77
Primary Regulator	FDIC
Assets and Liabilities
Assets	$268.44 million
Loans	$197.59 million
Deposits	$214.29 million
Equity Capital	$27.81 million
Loan Loss Allowance	$2.64 million
Unbacked Noncurrent Loans	$7.17 million
Real Estate Owned	$210,000
Historic Data - December 2010
Assets	$273.60 million
Equity Capital	$26.75 million
Loan Loss Allowance	$2.87 million
Unbacked Noncurrent Loans	$6.32 million
Real Estate Owned	$268,000
Profit Margin - Quarterly
Net Interest Margin	4.03%
Return on Assets	0.37%
Return on Equity	3.63%
Interest Income	$12.32 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bay State Savings Bank had $7.38 million in non-current loans and owned real-estate with $30.45 million in equity and loan loss allowances on hand to cover it. This gives Bay State Savings Bank a Texas Ratio of 24.23% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Bay State Savings Bank held steady from 22.07% as of December 31, 2010 to 24.23% as of December 31, 2011, resulting in a negative change of 9.76%. This indicates that the balance sheet and financial strength for Bay State Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Bay State Savings Bank has decreased its total deposits by -$2.88 million, resulting in -1.33% 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 Bay State Savings Bank has shown is below average.
Capitalization
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. Bay State Savings Bank has $268.44 million in assets with $30.45 million in equity, resulting in a capitalization level of 11.34%, which is above average.

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