Easthampton Savings Bank is headquartered in Easthampton and is the 34th largest bank in the state of Massachusetts. It is also the 666th largest bank in the nation. It was established in 1869 and as of September of 2013, it had grown to 181 employees at 10 locations. Easthampton Savings Bank has a B+ health rating.
In order to bid on a home you must be prequalified for a loan. Most banks will do this for you in a short visit. Some will let you prequalify on-line. Easthampton Savings Bank won't prequalify you at all. They make you go through the entire process of setting up an actual loan which is only good for a short while and may not be what you actually need once a purchase and sale agreement is in place. There interest rates were a bit higher also when I looked into this. I might add that my husband and I have our savings and checking at ESB and have done business with them for years. They have good free checking and even pay you to use your debit card, but if you are looking to be prequalified for a home mortgage, look elsewhere!
Fall 2011, I am buying a home in East Hampton, they had one of the lowest mortgage rates around this summer, so I chose to go with them. Big mistake. They have actually calculated WRONG NUMBERS a few times during the two properties I have worked with them on (the first one ended up falling through). Communication is bad. They have waited until the last minute to tell me some of the things I need to get to them. Then the clincher is that they ended up not finishing on time, so they couldn't give me the mortgage approval by the date on my P&S!! The sellers have started getting nervous, even though I have a credit score in the 800's, and have a ton of down payment money! I should have been the easiest case to process. I have done a mortgage, and also refinancing before and I have NEVER encountered such incompetence. Finally, my real estate agent contacted them and complained. Things are at least moving along now. However, I have emailed and called the new contact person at the bank (a bit higher up in the ranks I am told) and she has not even gotten back to me!!! At a minimum, I am owed an "I'm sorry" for the inconvenience! I am SO unhappy with my interaction with this bank, I will NEVER recommend them ever to anyone.
I have a loan with easthampton savings bank for 3 years now.I had 2 people do loans for me and now i want to get one on my own i cant get it because of my income this is not right i have the same income from my first loan i pay it on time every month,i dont miss a payment at all.I wish i could talk to just one ceo of the bank about this but you know that is not going to happen,My payment are the same no matter what but i need someone to sign for me,so all this hard work was for nothing and banks wounder why they get a bad name.If you want a loan dont go there for one,I made my mistake by going there
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 September 30, 2013 Easthampton Savings Bank had $16.64 million in non-current loans and owned real-estate with $126.83 million in equity and loan loss allowances on hand to cover it. This gives Easthampton Savings Bank a Texas Ratio of 13.12% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Easthampton Savings Bank held steady from 11.21% as of September 30, 2012 to 13.12% as of September 30, 2013, resulting in a negative change of 17.08%. This indicates that the balance sheet and financial strength for Easthampton Savings Bank has held steady in recent periods.
In the past year, Easthampton Savings Bank has increased its total deposits by $19.89 million, resulting in 2.5% 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 Easthampton Savings Bank has shown is above 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. Easthampton Savings Bank has $1 billion in assets with $126.83 million in equity, resulting in a capitalization level of 12.68%, which is excellent.
|FDIC Certificate #||90188|
|Assets and Liabilities|
|Equity Capital||$121.65 million|
|Loan Loss Allowance||$5.18 million|
|Unbacked Noncurrent Loans||$15.38 million|
|Real Estate Owned||$1.26 million|
|Historic Data - September 2012|
|Equity Capital||$123.41 million|
|Loan Loss Allowance||$4.41 million|
|Unbacked Noncurrent Loans||$15.38 million|
|Real Estate Owned||$1.03 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.38%|
|Return on Assets||0.73%|
|Return on Equity||5.87%|
|Interest Income||$26.99 million|
Always verify rates and promotions with the bank or credit union. We are not Easthampton Savings Bank, we are a rate comparison website and can not provide official rates or promotions.
|0.20%||$100k||-||Tiered Money Market Account|
|1.25%||$1k||-||60 Month CD|
|1.10%||$1k||-||48 Month CD|
|0.75%||$1k||-||36 Month CD|
|0.65%||$1k||-||24 Month CD|
|0.50%||$1k||-||9 Month CD|
|0.50%||$1k||-||18 Month CD|
|0.40%||$1k||-||12 Month CD|
|0.25%||$1k||-||7 Day CD|
|0.20%||$1k||-||6 Month CD|
|0.10%||$1k||-||3 Month CD|
|1.25%||$500||-||60 Month IRA|
|1.25%||$500||-||60 Month Roth IRA|
|1.10%||$500||-||48 Month IRA|
|1.10%||$500||-||48 Month Roth IRA|
|0.75%||$500||-||36 Month IRA|
|0.75%||$500||-||36 Month Roth IRA|
|0.65%||$500||-||24 Month IRA|
|0.65%||$500||-||24 Month Roth IRA|
|0.50%||$500||-||9 Month IRA|
|0.50%||$500||-||9 Month Roth IRA|
|0.50%||$500||-||18 Month IRA|
|0.50%||$500||-||18 Month Roth IRA|
|0.40%||$500||-||12 Month IRA|
|0.40%||$500||-||12 Month Roth IRA|
|0.20%||$500||-||6 Month IRA|
|0.20%||$500||-||6 Month Roth IRA|
|Easthampton Savings Bank Locations|
|Southampton Branch||134 College Highway||Southampton, MA 1073|
|Belchertown Branch||175 State Street||Belchertown, MA 1007|
|Locust Street Branch||21 Locust Street||Northampton, MA 1060|
|Easthampton Savings Bank||241 Northampton Street||Easthampton, MA 1027|
|Northampton Branch||297 King Street||Northampton, MA 1060|
|Easthampton Savings Bank||36 Main Street||Easthampton, MA 1027|
|Granby Road Branch||605 Granby Road||South Hadley, MA 1075|
|Hadley Branch||70 East Street||Hadley, MA 1035|
|Agawam Branch||770 Main Street||Agawam, MA 1001|
|Westfield Branch||85 Broad Street||Westfield, MA 1085|