Spencer Savings Bank (MA)

176 Main Street
Spencer, MA 01562
800-547-2885
www.spencersavingsbank.com

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Spencer Savings Bank (MA) is headquartered in Spencer and is the 75^th largest bank in the state of Massachusetts. It is also the 1,743^rd largest bank in the nation. It was established in 1871 and as of March of 2012, it had grown to 86 employees at 5 locations. Spencer Savings Bank (MA) has a 4-star health rating.

Competitive Short-Term CD Rates at Spencer Savings Bank in MA - Local Only - 4/8/2010

Spencer Savings Bank in Massachusetts is offering several competitive CD rates. Its most competitive standard CD rate is 2.00% APY for an 18-month term. Other top rates include a 1.55% APY 6-month CD ...

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

Spencer Savings Bank (MA) Checking Account Rates

Apy	Min	Max	Product
0.15%	$1k	-	SUPER NOW Account
0.10%	-	-	NOW Account
0.10%	$500	-	Bonus Checking
0.10%	-	-	Bonus Gold Checking

Spencer Savings Bank (MA) Savings Account Rates

Apy	Min	Max	Product
0.55%	$350k	-	Hi-Yield MoneyPak
0.35%	$1k	-	MoneyPak Account
0.25%	-	-	Regular Savings

Spencer Savings Bank (MA) Money Market Rates

	Apy	Min	Max	Product
	0.70%	$500k	-	MaxAdvantage Money Market

Spencer Savings Bank (MA) CD Rates

Apy	Min	Max	Product
1.50%	$500	-	3 Year CD
1.00%	$500	-	2 Year CD
0.85%	$500	-	18 Month CD
0.85%	$500	-	13 Month CD Special
0.75%	$500	-	1 Year CD
0.70%	$500	-	9 Month CD Special
0.60%	$500	-	7 Month CD Special
0.55%	$500	-	6 Month CD
0.50%	$500	-	5 Month CD Special
0.35%	$5k	-	91 Day CD

Spencer Savings Bank (MA) IRA Rates

Apy	Min	Max	Product
1.50%	$500	-	3 Year IRA
0.85%	$500	-	18 Month IRA
0.75%	$500	-	1 Year IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

Spencer Savings Bank
FDIC Certificate #	90282
BankRate Report	View
Year Established	1871
Employees	86
Primary Regulator	FDIC
Assets and Liabilities
Assets	$381.06 million
Loans	$283.44 million
Deposits	$300.83 million
Equity Capital	$49.77 million
Loan Loss Allowance	$2.51 million
Unbacked Noncurrent Loans	$4.45 million
Real Estate Owned	$850,000
Historic Data - March 2011
Assets	$387.48 million
Equity Capital	$48.36 million
Loan Loss Allowance	$2.54 million
Unbacked Noncurrent Loans	$8.62 million
Real Estate Owned	$1.48 million
Profit Margin - Quarterly
Net Interest Margin	3.75%
Return on Assets	0.44%
Return on Equity	3.38%
Interest Income	$3.91 million

Institution Health

Overall Score:

4 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 Spencer Savings Bank (MA) had $5.3 million in non-current loans and owned real-estate with $52.28 million in equity and loan loss allowances on hand to cover it. This gives Spencer Savings Bank (MA) a Texas Ratio of 10.14% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Spencer Savings Bank (MA) decreased significantly from 19.85% as of March 31, 2011 to 10.14% as of March 31, 2012, resulting in a positive change of 48.93%.This indicates that the balance sheet and financial strength for Spencer Savings Bank (MA) has improved significantly in recent periods.
Deposit Growth
In the past year, Spencer Savings Bank (MA) has decreased its total deposits by -$16.04 million, resulting in -5.06% 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 Spencer Savings Bank (MA) has shown is poor.
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. Spencer Savings Bank (MA) has $381.06 million in assets with $52.28 million in equity, resulting in a capitalization level of 13.72%, which is excellent.