Watertown Savings Bank (MA)

60 Main Street
Watertown, MA 2472
www.watertownsavings.com

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Watertown Savings Bank (MA) is headquartered in Watertown and is the 27^th largest bank in the state of Massachusetts. It is also the 621^st largest bank in the nation. It was established in 1870 and as of March of 2012, it had grown to 135 employees at 9 locations. Watertown Savings Bank (MA) has a 5-star health rating.

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

Watertown Savings Bank (MA) Checking Account Rates

Apy	Min	Max	Product
0.10%	$50	-	Pinnacle Checking
0.05%	$50	-	Senior Checking (for ages 65+)
0.05%	$50	-	Plus Checking

Watertown Savings Bank (MA) Savings Account Rates

Apy	Min	Max	Product
0.25%	$2,500	-	Pinnacle Savings (requires a Pinnacle Checking account)
0.20%	$2,500	-	Presidential Savings
0.20%	$2,500	-	IRA Savings
0.20%	$2,500	-	Presidential Business Savings
0.15%	$50	-	Access Savings
0.15%	$50	-	Passbook Savings and Security Deposit Trust Accounts

Watertown Savings Bank (MA) Money Market Rates

Apy	Min	Max	Product
0.20%	$2,500	-	Money Market Accounts
0.20%	$25k	-	Business Money Market

Watertown Savings Bank (MA) CD Rates

Apy	Min	Max	Product
1.50%	$1k	-	Special Long Term Certificate- 45 Month CD
0.75%	$1k	-	Special Medium Term Certificate- 25 Month CD
0.25%	$1k	-	Special Short Term Certificate- 5 Month CD
0.25%	$1k	-	Three Year CD
0.25%	$1k	-	Four Year CD
0.25%	$1k	-	Five Year CD
0.25%	$1k	-	Six Year CD
0.15%	$1k	-	Three Month CD
0.15%	$1k	-	Six Month CD
0.15%	$1k	-	Nine Month CD
0.15%	$1k	-	Eleven Month CD
0.15%	$1k	-	One Year CD
0.15%	$1k	-	Fifteen Month CD
0.15%	$1k	-	Eighteen Month CD
0.15%	$1k	-	Two Year CD
0.15%	$1k	-	Thirty Month CD
0.15%	$50k	-	Three Month Business CD
0.15%	$10k	-	Six Month Business CD
0.15%	$10k	-	One Year Business CD
0.10%	$1k	-	120-Day Money Market CD

Watertown Savings Bank (MA) IRA Rates

Apy	Min	Max	Product
1.50%	$1k	-	Special Long Term Certificate- 45 Month IRA
0.75%	$1k	-	Special Medium Term Certificate- 25 Month IRA
0.25%	$1k	-	Special Short Term Certificate- 5 Month IRA
0.25%	$1k	-	Three Year IRA
0.25%	$1k	-	Four Year IRA
0.25%	$1k	-	Five Year IRA
0.25%	$1k	-	Six Year IRA
0.15%	$1k	-	Six Month IRA
0.15%	$1k	-	Nine Month IRA
0.15%	$1k	-	Eleven Month IRA
0.15%	$1k	-	One Year IRA
0.15%	$1k	-	Fifteen Month IRA
0.15%	$1k	-	Eighteen Month IRA
0.15%	$1k	-	Two Year IRA
0.15%	$1k	-	Thirty Month IRA
0.10%	$1k	-	120-Day Money Market IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Watertown Savings Bank
FDIC Certificate #	23298
BankRate Report	View
Year Established	1870
Employees	135
Primary Regulator	FED
Assets and Liabilities
Assets	$1.07 billion
Loans	$543.66 million
Deposits	$947.23 million
Equity Capital	$98.31 million
Loan Loss Allowance	$3.47 million
Unbacked Noncurrent Loans	$5.52 million
Real Estate Owned	$236,000
Historic Data - March 2011
Assets	$1.03 billion
Equity Capital	$86.13 million
Loan Loss Allowance	$3.49 million
Unbacked Noncurrent Loans	$8.29 million
Profit Margin - Quarterly
Net Interest Margin	3.06%
Return on Assets	0.67%
Return on Equity	7.4%
Interest Income	$9.08 million

Institution Health

Overall Score:

5 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 Watertown Savings Bank (MA) had $5.76 million in non-current loans and owned real-estate with $101.78 million in equity and loan loss allowances on hand to cover it. This gives Watertown Savings Bank (MA) a Texas Ratio of 5.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Watertown Savings Bank (MA) decreased slightly from 9.24% as of March 31, 2011 to 5.66% as of March 31, 2012, resulting in a positive change of 38.80%.This indicates that the balance sheet and financial strength for Watertown Savings Bank (MA) has improved slightly in recent periods.
Deposit Growth
In the past year, Watertown Savings Bank (MA) has increased its total deposits by $19.86 million, resulting in 2.14% 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 Watertown Savings Bank (MA) has shown is above average.
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. Watertown Savings Bank (MA) has $1.07 billion in assets with $101.78 million in equity, resulting in a capitalization level of 9.54%, which is average.

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