Watertown Savings Bank

Watertown Savings Bank is headquartered in Watertown and is the 84^th largest bank in the state of New York. It is also the 1,423^rd largest bank in the nation. It was established in 1894 and as of March of 2012, it had grown to 106 employees at 10 locations. Watertown Savings Bank has a 4-star health rating.

Watertown Savings Bank Routing Number: 221371356

Watertown Savings Bank Savings Account Rates

Watertown Savings Bank Money Market Rates

Watertown Savings Bank CD Rates

Data for Q1 2012

Watertown Savings Bank consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

15990 - Watertown Savings Bank
7274 - WSB Municipal Bank

Institution Statistics Watertown Savings Bank FDIC Certificate # 15990 BankRate Report View Year Established 1894 Employees 106 Primary Regulator FDIC Assets and Liabilities Assets $473.12 million Loans $261.74 million Deposits $406.57 million Equity Capital $63.03 million Loan Loss Allowance $2.72 million Unbacked Noncurrent Loans $10.37 million Real Estate Owned $77,000 Historic Data - March 2011 Assets $437.10 million Equity Capital $57.61 million Loan Loss Allowance $2.03 million Unbacked Noncurrent Loans $9.35 million Real Estate Owned $455,000 Profit Margin - Quarterly Net Interest Margin 3.63% Return on Assets 1.07% Return on Equity 7.96% Interest Income $4.05 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 Watertown Savings Bank had $10.45 million in non-current loans and owned real-estate with $65.76 million in equity and loan loss allowances on hand to cover it. This gives Watertown Savings Bank a Texas Ratio of 15.89% 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 Watertown Savings Bank held steady from 16.56% as of March 31, 2011 to 15.89% as of March 31, 2012, resulting in a positive change of 4.03%.This indicates that the balance sheet and financial strength for Watertown Savings Bank has held steady in recent periods. Deposit Growth In the past year, Watertown Savings Bank has increased its total deposits by $30.14 million, resulting in 8.01% 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 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. Watertown Savings Bank has $473.12 million in assets with $65.76 million in equity, resulting in a capitalization level of 13.90%, which is excellent.

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