Mt. Washington Bank

430 West Broadway
South Boston, MA 02127
(617) 268-0379
www.mtwashingtonbank.com

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Mt. Washington Bank is headquartered in Boston and is the 12^st largest bank in the state of Massachusetts. It is also the 361^st largest bank in the nation. It was established in 1991 and as of September of 2011, it had grown to 374 employees at 22 locations. Mt. Washington Bank has a 3-star health rating.

19-Month CD Special at Mt. Washington Bank in MA - Local Only - 8/1/2010

Mt. Washington Bank is listing a competitive 19-month special CD rate of 2.00% APY. Minimum deposit is $1,000. There's also a special 30-month bump-up CD/IRA special with a $500 minimum. These special ...

17-Month CD Special at Mt. Washington Bank in MA - Local Only - 4/18/2010

Mt. Washington Bank is advertising a very competitive 17-month CD rate of 2.17% APY. Minimum deposit is $500, and a checking account is required. This special doesn't seem to be listed at the bank's ...

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

Mt. Washington Bank Checking Account Rates

Apy	Min	Max	Product
0.15%	$2,500	-	Wall Street Checking
0.10%	$25	-	50+ Free Interest Checking
0.10%	$25	-	VIP Free Interest Checking

Mt. Washington Bank Savings Account Rates

Apy	Min	Max	Product
0.25%	$25	-	Statement Savings
0.25%	$25	-	IRA Savings
0.25%	$25	-	Roth IRA Savings
0.25%	$25	-	CESA Savings
0.10%	$25	-	Passbook Savings

Mt. Washington Bank Money Market Rates

Apy	Min	Max	Product
1.00%	$1m	-	Money Market
1.00%	$1m	-	Business Money Market

Mt. Washington Bank CD Rates

Apy	Min	Max	Product
1.76%	$500	-	5 Year CD
1.50%	$500	-	4 Year CD
1.25%	$500	-	3 Year CD
1.15%	$25	-	30-Month Bump Up CD Special
0.90%	$500	-	2 Year CD
0.70%	$500	-	18 Month CD
0.50%	$500	-	1 Year CD
0.35%	$500	-	6 Month CD

Mt. Washington Bank IRA Rates

Apy	Min	Max	Product
1.76%	$500	-	5 Year IRA
1.76%	$500	-	5 Year Roth IRA
1.76%	$500	-	5 Year CESA
1.25%	$500	-	36 Month IRA
1.25%	$500	-	36 Month Roth IRA
1.25%	$500	-	36 Month CESA
0.90%	$500	-	2 Year IRA
0.90%	$500	-	2 Year Roth IRA
0.90%	$500	-	2 Year CESA
0.70%	$500	-	18 Month IRA
0.70%	$500	-	18 Month Roth IRA
0.70%	$500	-	18 Month CESA
0.50%	$500	-	1 Year IRA
0.50%	$500	-	1 Year Roth IRA
0.50%	$500	-	1 Year CESA
0.35%	$500	-	6 Month IRA
0.35%	$500	-	6 Month Roth IRA
0.35%	$500	-	6 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

East Boston Savings Bank
FDIC Certificate #	33510
BankRate Report	View
Year Established	1991
Employees	374
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.92 billion
Loans	$1.24 billion
Deposits	$1.57 billion
Equity Capital	$178.05 million
Loan Loss Allowance	$12.13 million
Unbacked Noncurrent Loans	$48.79 million
Real Estate Owned	$3.68 million
Historic Data - September 2010
Assets	$1.76 billion
Equity Capital	$168.76 million
Loan Loss Allowance	$11.48 million
Unbacked Noncurrent Loans	$37.31 million
Real Estate Owned	$3.22 million
Profit Margin - Quarterly
Net Interest Margin	3.35%
Return on Assets	0.67%
Return on Equity	7.08%
Interest Income	$59.93 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 September 30, 2011 Mt. Washington Bank had $52.47 million in non-current loans and owned real-estate with $190.18 million in equity and loan loss allowances on hand to cover it. This gives Mt. Washington Bank a Texas Ratio of 27.59% 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 Mt. Washington Bank increased slightly from 22.33% as of September 30, 2010 to 27.59% as of September 30, 2011, resulting in a negative change of 23.56%. This indicates that the balance sheet and financial strength for Mt. Washington Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Mt. Washington Bank has increased its total deposits by $155.72 million, resulting in 10.98% 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 Mt. Washington Bank has shown is excellent.
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. Mt. Washington Bank has $1.92 billion in assets with $190.18 million in equity, resulting in a capitalization level of 9.93%, which is average.