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2 Leonard Street
Belmont, MA 02478

Belmont Savings Bank is headquartered in Belmont and is the 27th largest bank in the state of Massachusetts. It is also the 547th largest bank in the nation. It was established in 1885 and as of June of 2014, it had grown to 126 employees at 6 locations. Belmont Savings Bank's savings rates are 2X the national average, and it has a A health rating.

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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 Belmont Savings Bank had $2.24 million in non-current loans and owned real-estate with $121.45 million in equity and loan loss allowances on hand to cover it. This gives Belmont Savings Bank a Texas Ratio of 1.85% 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 Belmont Savings Bank decreased slightly from 2.58% as of June 30, 2013 to 1.85% as of June 30, 2014, resulting in a positive change of 28.45%.This indicates that the balance sheet and financial strength for Belmont Savings Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Belmont Savings Bank has increased its total deposits by $197 million, resulting in 27.68% 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.



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 $1.22 billion in assets with $121.45 million in equity, resulting in a capitalization level of 9.95%, which is above average.

Institution Statistics

FDIC Certificate #23901
Year Established1885
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.22 billion
Loans$987.28 million
Deposits$908.59 million
Equity Capital$112.84 million
Loan Loss Allowance$8.61 million
Unbacked Noncurrent Loans$2.24 million
Real Estate Owned$0
Historic Data - June 2013
Assets$908.51 million
Equity Capital$107.68 million
Loan Loss Allowance$6.86 million
Unbacked Noncurrent Loans$2.24 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.3%
Return on Equity3.09%
Interest Income$18.06 million

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Belmont Savings Bank Savings Account Rates

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%-$10mMunicipal Savings
0.25%$100k$750kPremium Rate Savings
0.25%-$1mPowerBlue Savings w/ PlatinumBlue Checking - Non Qualifying

Belmont Savings Bank Money Market Rates

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

Belmont Savings Bank Checking Account Rates

2.00%$10k$25kBusiness Blue with Interest Checking

Belmont Savings Bank CD Rates

2.00%$500$100k5 Year Worry-Free Bump Up PlatinumBlue CD Special w/ Active PlatinumBlue Checking
1.15%$500-5 Year CD
1.00%$500$50k1 Year PlatinumBlue CD Special w/ Active PlatinumBlue Checking
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

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

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