Country Bank for Savings

75 Main Street
Ware, MA 01082
(413) 967-6221
www.countrybank.com

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Country Bank for Savings is headquartered in Ware and is the 17^st largest bank in the state of Massachusetts. It is also the 460^th largest bank in the nation. It was established in 1850 and as of March of 2012, it had grown to 235 employees at 15 locations. Country Bank for Savings has a 3-star health rating.

Country Bank for Savings Routing Number: 211870980

Competitive CD and IRA Rates at Country Bank for Savings in MA - 1/19/2010

With Massachusetts being in the news today due to the Senate election, I thought this would be a timely post. The Massachusetts bank, Country Bank for Savings has a few competitive CD rates which are ...

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

Country Bank for Savings Checking Account Rates

Apy	Min	Max	Product
0.10%	-	-	Now Account
0.10%	-	-	Business NOW Account

Country Bank for Savings Savings Account Rates

	Apy	Min	Max	Product
	0.25%	-	-	Regular Savings Account

Country Bank for Savings Money Market Rates

Apy	Min	Max	Product
0.40%	$100k	-	Money Market Account
0.40%	$100k	-	Business Money Market Account

Country Bank for Savings CD Rates

Apy	Min	Max	Product
2.00%	$500	-	CD - 5 Year
1.75%	$500	-	CD - 4 Year
1.50%	$500	-	CD - 3 Year
1.25%	$500	-	CD - 24 Month Relationship Certificate
1.00%	$500	-	CD - 15 Month Relationship Certificate
1.00%	$500	-	CD - 2 Year
0.75%	$500	-	CD - 6 Month Relationship Certificate
0.75%	$500	-	CD - 1 Year
0.75%	$500	-	CD - 15 Month
0.50%	$25k	-	CD - 2 Month
0.50%	$25k	-	CD - 3 Month
0.50%	$500	-	CD - 6 Month
0.50%	$500	-	CD - 9 Month
0.50%	$25k	-	30 Day Country Add-Vantage CD

Country Bank for Savings IRA Rates

Apy	Min	Max	Product
2.00%	$500	-	IRA - 5 Year
2.00%	$500	-	Roth IRA - 5 Year
1.75%	$500	-	IRA - 4 Year
1.75%	$500	-	Roth IRA - 4 Year
1.50%	$500	-	IRA - 3 Year
1.50%	$500	-	Roth IRA - 3 Year
1.25%	$500	-	IRA - 24 Month Relationship Certificate
1.25%	$500	-	Roth IRA - 24 Month Relationship Certificate
1.00%	$500	-	IRA - 15 Month Relationship Certificate
1.00%	$500	-	IRA - 2 Year
1.00%	$500	-	Roth IRA - 15 Month Relationship Certificate
1.00%	$500	-	Roth IRA - 2 Year
0.75%	$500	-	IRA - 6 Month Relationship Certificate
0.75%	$500	-	IRA - 1 Year
0.75%	$500	-	IRA - 15 Month
0.75%	$500	-	Roth IRA - 6 Month Relationship Certificate
0.75%	$500	-	Roth IRA - 1 Year
0.75%	$500	-	Roth IRA - 15 Month
0.50%	$25k	-	30 Day Country Add-Vantage IRA
0.50%	$25k	-	IRA - 2 Month
0.50%	$25k	-	IRA - 3 Month
0.50%	$500	-	IRA - 6 Month
0.50%	$500	-	IRA - 9 Month
0.50%	$25k	-	30 Day Country Add-Vantage Roth IRA
0.50%	$25k	-	Roth IRA - 2 Month
0.50%	$25k	-	Roth IRA - 3 Month
0.50%	$500	-	Roth IRA - 6 Month
0.50%	$500	-	Roth IRA - 9 Month

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Country Bank for Savings
FDIC Certificate #	23992
BankRate Report	View
Year Established	1850
Employees	235
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.44 billion
Loans	$849.48 million
Deposits	$966.73 million
Equity Capital	$178.33 million
Loan Loss Allowance	$8.76 million
Unbacked Noncurrent Loans	$27.60 million
Real Estate Owned	$774,000
Historic Data - March 2011
Assets	$1.46 billion
Equity Capital	$163.66 million
Loan Loss Allowance	$7.71 million
Unbacked Noncurrent Loans	$13.14 million
Real Estate Owned	$444,000
Profit Margin - Quarterly
Net Interest Margin	3.5%
Return on Assets	0.49%
Return on Equity	3.97%
Interest Income	$16.09 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 March 31, 2012 Country Bank for Savings had $28.37 million in non-current loans and owned real-estate with $187.09 million in equity and loan loss allowances on hand to cover it. This gives Country Bank for Savings a Texas Ratio of 15.16% 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 Country Bank for Savings increased slightly from 7.93% as of March 31, 2011 to 15.16% as of March 31, 2012, resulting in a negative change of 91.29%. This indicates that the balance sheet and financial strength for Country Bank for Savings has declined slightly in recent periods.
Deposit Growth
In the past year, Country Bank for Savings has decreased its total deposits by -$18.89 million, resulting in -1.92% 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 Country Bank for Savings 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. Country Bank for Savings has $1.44 billion in assets with $187.09 million in equity, resulting in a capitalization level of 12.97%, which is excellent.