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15 Scotts Corners Drive
Montgomery, NY 12549

Walden Savings Bank is headquartered in Montgomery and is the 81st largest bank in the state of New York. It is also the 1,523rd largest bank in the nation. It was established in 1872 and as of December of 2013, it had grown to 140 employees at 11 locations. Walden Savings Bank has a C+ health rating.

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Data for Q4 2013

Institution Health


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 December 31, 2013 Walden Savings Bank had $15.57 million in non-current loans and owned real-estate with $43.82 million in equity and loan loss allowances on hand to cover it. This gives Walden Savings Bank a Texas Ratio of 35.53% 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 Walden Savings Bank increased slightly from 20.02% as of December 31, 2012 to 35.53% as of December 31, 2013, resulting in a negative change of 77.49%. This indicates that the balance sheet and financial strength for Walden Savings Bank has declined slightly in recent periods.

Deposit Growth


In the past year, Walden Savings Bank has increased its total deposits by $3.84 million, resulting in 0.99% 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 Walden 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. Walden Savings Bank has $437.74 million in assets with $43.82 million in equity, resulting in a capitalization level of 10.01%, which is above average.

Institution Statistics

FDIC Certificate #15987
Year Established1872
Primary RegulatorOCC
Assets and Liabilities
Assets$437.74 million
Loans$303.68 million
Deposits$392.46 million
Equity Capital$40.15 million
Loan Loss Allowance$3.67 million
Unbacked Noncurrent Loans$14.67 million
Real Estate Owned$900,000
Historic Data - December 2012
Assets$434.26 million
Equity Capital$38.90 million
Loan Loss Allowance$3.79 million
Unbacked Noncurrent Loans$14.67 million
Real Estate Owned$1.29 million
Profit Margin - Quarterly
Net Interest Margin3.73%
Return on Assets0.5%
Return on Equity5.53%
Interest Income$16.06 million

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Walden Savings Bank Savings Account Rates

0.30%$50k-Advantage Savings
0.15%$50-Statement Savings
0.15%$50-Business Statement Savings
0.12%$50-Passbook Savings
0.12%$50-Business Passbook Savings
0.10%--School Savings
0.10%--Holiday Club Accounts
0.10%--Vacation Club Accounts

Walden Savings Bank Money Market Rates

0.25%$50k-Money Market
0.25%$50k-Business Money Market

Walden Savings Bank Checking Account Rates

0.15%$5k-Advantage Checking
0.10%$5k-College Advantage Checking
0.10%$5k-Super Now Checking
0.10%--Club Account Checking
0.10%$5k-Business Super Now Checking

Walden Savings Bank CD Rates

1.45%$1k-60 Month CD
1.45%$1k-Business 60 Month CD
1.25%$1k-48 Month CD
1.25%$1k-Business 48 Month CD
1.05%$1k-36 Month CD
1.05%$1k-Business 36 Month CD
0.75%$1k-30 Month CD
0.75%$1k-Business 30 Month CD
0.70%$1k-24 Month CD
0.70%$1k-Business 24 Month CD
0.60%$1k-18 Month CD
0.60%$1k-Business 18 Month CD
0.50%$1k-12 Month CD
0.50%$1k-Business 12 Month CD
0.30%$1k-182 Day CD
0.30%$1k-Business 182 Day CD
0.20%$1k-91 Day CD
0.20%$1k-Business 91 Day CD

Walden Savings Bank IRA Rates

1.45%$1k-60 Month IRA (Traditional,Roth,CESA)
1.25%$1k-48 Month IRA (Traditional,Roth,CESA)
1.05%$1k-36 Month IRA (Traditional,Roth,CESA)
0.75%$1k-30 Month IRA (Traditional,CESA,Roth)
0.70%$1k-24 Month IRA (Traditional,Roth,CESA)
0.60%$1k-18 Month IRA (Traditional,Roth,CESA)
0.50%$1k-12 Month IRA (Traditional,Roth,CESA)
0.30%$1k-182 Day IRA (Traditional,Roth,CESA)
0.20%$1k-91 Day IRA (Traditional,Roth,CESA)

Walden Savings Bank has 11 locations. Click to view all Walden Savings Bank locations.