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413-527-4111
36 Main Street
Easthampton, MA 01027

Easthampton Savings Bank is headquartered in Easthampton and is the 34th largest bank in the state of Massachusetts. It is also the 663rd largest bank in the nation. It was established in 1869 and as of December of 2013, it had grown to 189 employees at 10 locations. Easthampton Savings Bank has a A health rating.

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Reviews (3)

Prequalifying For Home Mortgage

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!

Mortgage Lending

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.

Dont Get A Loan From Here

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



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

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, 2013 Easthampton Savings Bank had $13.86 million in non-current loans and owned real-estate with $127.55 million in equity and loan loss allowances on hand to cover it. This gives Easthampton Savings Bank a Texas Ratio of 10.86% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Easthampton Savings Bank decreased slightly from 13.93% as of December 31, 2012 to 10.86% as of December 31, 2013, resulting in a positive change of 22.03%.This indicates that the balance sheet and financial strength for Easthampton Savings Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Easthampton Savings Bank has increased its total deposits by $32.05 million, resulting in 4.02% 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 excellent.

Capitalization

GRADE:
A+

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 $127.55 million in equity, resulting in a capitalization level of 12.73%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #90188
Year Established1869
Employees189
Primary RegulatorFED
Assets and Liabilities
Assets$1.00 billion
Loans$720.59 million
Deposits$829.28 million
Equity Capital$121.75 million
Loan Loss Allowance$5.81 million
Unbacked Noncurrent Loans$12.91 million
Real Estate Owned$942,000
Historic Data - December 2012
Assets$966.42 million
Equity Capital$121.50 million
Loan Loss Allowance$4.56 million
Unbacked Noncurrent Loans$12.91 million
Real Estate Owned$767,000
Profit Margin - Quarterly
Net Interest Margin3.39%
Return on Assets0.69%
Return on Equity5.56%
Interest Income$36.10 million
Rates

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.

Easthampton Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-Passbook Plus
0.05%--Statement Savings
0.05%--Passbook Savings

Easthampton Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Tiered Money Market Account

Easthampton Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Premier Checking

Easthampton Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-60 Month CD
1.00%$1k-48 Month CD
0.70%$1k-36 Month CD
0.60%$1k-24 Month CD
0.50%$1k-9 Month CD
0.40%$1k-18 Month CD
0.35%$1k-12 Month CD
0.20%$1k-7 Day CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD

Easthampton Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month IRA (Traditional,Roth)
1.00%$500-48 Month IRA (Traditional,Roth)
0.70%$500-36 Month IRA (Traditional,Roth)
0.60%$500-24 Month IRA (Traditional,Roth)
0.50%$500-9 Month IRA (Traditional,Roth)
0.40%$500-18 Month IRA (Traditional,Roth)
0.35%$500-12 Month IRA (Traditional,Roth)
0.15%$500-6 Month IRA (Traditional,Roth)
Locations


Easthampton Savings Bank Locations
Southampton Branch134 College HighwaySouthampton, MA 1073
Belchertown Branch175 State StreetBelchertown, MA 1007
Locust Street Branch21 Locust StreetNorthampton, MA 1060
Easthampton Savings Bank241 Northampton StreetEasthampton, MA 1027
Northampton Branch297 King StreetNorthampton, MA 1060
Easthampton Savings Bank36 Main StreetEasthampton, MA 1027
Granby Road Branch605 Granby RoadSouth Hadley, MA 1075
Hadley Branch70 East StreetHadley, MA 1035
Agawam Branch770 Main StreetAgawam, MA 1001
Westfield Branch85 Broad StreetWestfield, MA 1085