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Overview / Commentary
617-484-6700
2 Leonard Street
Belmont, MA 02478

Belmont Savings Bank is headquartered in Belmont and is the 28th largest bank in the state of Massachusetts. It is also the 574th largest bank in the nation. It was established in 1885 and as of March of 2014, it had grown to 124 employees at 6 locations. Belmont Savings Bank's savings rates are 2X the national average, and it boasts a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 March 31, 2014 Belmont Savings Bank had $2.18 million in non-current loans and owned real-estate with $119.61 million in equity and loan loss allowances on hand to cover it. This gives Belmont Savings Bank a Texas Ratio of 1.82% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Belmont Savings Bank decreased dramatically from 4.38% as of March 31, 2013 to 1.82% as of March 31, 2014, resulting in a positive change of 58.44%.This indicates that the balance sheet and financial strength for Belmont Savings Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Belmont Savings Bank has increased its total deposits by $186.87 million, resulting in 28.42% 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 Belmont Savings Bank has shown is excellent.

Capitalization

GRADE:
B+

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. Belmont Savings Bank has $1.17 billion in assets with $119.61 million in equity, resulting in a capitalization level of 10.24%, which is above average.

Institution Statistics

Overall
FDIC Certificate #23901
Year Established1885
Employees124
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.17 billion
Loans$927.59 million
Deposits$844.32 million
Equity Capital$111.26 million
Loan Loss Allowance$8.34 million
Unbacked Noncurrent Loans$2.18 million
Real Estate Owned$0
Historic Data - March 2013
Assets$839.11 million
Equity Capital$87.08 million
Loan Loss Allowance$6.78 million
Unbacked Noncurrent Loans$2.18 million
Real Estate Owned$661,000
Profit Margin - Quarterly
Net Interest Margin2.74%
Return on Assets0.25%
Return on Equity2.55%
Interest Income$8.77 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Belmont Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Belmont Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.15%-$100kPowerBlue Savings w/ PlatinumBlue Checking - Qualifying
1.00%-$100kPlatinumBlue High Rate Savings
1.00%-$200kPlatinum Blue High Yield Business Savings
1.00%$250k$1mBluePrint Relationship Business Savings
0.70%$100k$500kPremium Business Savings
0.55%-$1mSkyBlue Savings
0.45%$1m$10mMunicipal Savings
0.25%$100k$750kPremium Rate Savings
0.25%-$1mPowerBlue Savings w/ PlatinumBlue Checking - Non Qualifying

Belmont Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$25k-Access Plus Money Market Deposit Account
0.05%--Money Market Deposit Account

Belmont Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%$10k$25kBusiness Blue with Interest Checking
0.15%--IOLTA

Belmont Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500$100k5 Year Worry-Free Bump Up PlatinumBlue CD Special w/ Active PlatinumBlue Checking
1.15%$500-5 Year CD
0.75%$500-4 Year CD
0.65%--9 Month Municipal CD
0.55%$500-3 Year CD
0.55%--6 Month Municipal CD
0.45%$500-2 Year CD
0.30%$500-1 1/2 Year CD
0.25%$500-1 Year CD
0.15%$500-6 Month CD
0.10%$500-91 Day CD
0.05%$500-31 Day CD

Belmont Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%--5 Year IRA
0.75%--4 Year IRA
0.55%--3 Year IRA
0.45%--2 Year IRA
0.30%--1 1/2 Year IRA
0.25%--1 Year IRA
0.15%--6 Month IRA
0.10%--91 Day IRA
0.05%--31 Day IRA
Locations


Belmont Savings Bank Locations
Waltham Shaws Branch1070 Lexington StreetWaltham, MA 2452
Belmont Savings Bank2 Leonard StreetBelmont, MA 2478
Trapelo Road Branch277 Trapelo RoadBelmont, MA 2478
Watertown Square Branch53 Mount Auburn StreetWatertown, MA 2472
Cambridge Star Market Branch699 Mt. Auburn StreetCambridge, MA 2138
Belmont Branch78 Trapelo RoadBelmont, MA 2478