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Overview / Commentary
800-371-2361
34 Main Street
Wells River, VT 05081

Wells River Savings Bank is headquartered in Wells River and is the 12st largest bank in the state of Vermont. It is also the 3,607th largest bank in the nation. It was established in 1892 and as of December of 2013, it had grown to 62 employees at 6 locations. Wells River Savings Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Wells River Savings Bank had $2.21 million in non-current loans and owned real-estate with $19.18 million in equity and loan loss allowances on hand to cover it. This gives Wells River Savings Bank a Texas Ratio of 11.51% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Wells River Savings Bank experienced no significant changes from 9.53% as of December 31, 2012 to 11.51% as of December 31, 2013, resulting in a negative change of 20.68%. This indicates that the balance sheet and financial strength for Wells River Savings Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Wells River Savings Bank has increased its total deposits by $7.68 million, resulting in 5.9% 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 Wells River Savings Bank has shown is excellent.

Capitalization

GRADE:
A+

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. Wells River Savings Bank has $157.53 million in assets with $19.18 million in equity, resulting in a capitalization level of 12.18%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #14136
Year Established1892
Employees62
Primary RegulatorFDIC
Assets and Liabilities
Assets$157.53 million
Loans$92.54 million
Deposits$137.74 million
Equity Capital$18.23 million
Loan Loss Allowance$956,000
Unbacked Noncurrent Loans$2.00 million
Real Estate Owned$209,000
Historic Data - December 2012
Assets$149.95 million
Equity Capital$18.43 million
Loan Loss Allowance$926,000
Unbacked Noncurrent Loans$2.00 million
Real Estate Owned$50,000
Profit Margin - Quarterly
Net Interest Margin4.22%
Return on Assets0.53%
Return on Equity4.5%
Interest Income$6.41 million
Rates

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Wells River Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k-Health Savings Accounts
0.15%$100k-Statement Savings
0.15%$100k-Youth Savings
0.15%$100k-Student Savings
0.15%$100k-Automatic Transfer Account
0.05%--Savings Club Account

Wells River Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$100k$250kPremium Money Market
0.15%$25k-Money Market

Wells River Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-NOW Account
0.15%$100k-IOLTA Account
0.15%$100k-IORTA Account

Wells River Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$200-60 Month CD
0.80%$200-60 Month CDARS
0.50%$200-36 Month CD
0.50%$200-36 Month CDARS
0.40%$200-24 Month CD
0.40%$200-24 Month CDARS
0.30%$200-12 Month CD
0.30%$200-12 Month CDARS
0.20%$200-6 Month CD
0.20%$200-6 Month CDARS
0.15%$200-3 Month CD
0.15%$200-3 Month CDARS
0.05%$10k-28 Day CDARS

Wells River Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$200-60 Month IRA (Traditional,Roth,CESA,SEP)
0.50%$200-36 Month IRA (Traditional,Roth,CESA,SEP)
0.40%$200-24 Month IRA (Traditional,Roth,CESA,SEP)
0.30%$200-12 Month IRA (Traditional,Roth,CESA,SEP)
0.20%$200-6 Month IRA (Traditional,Roth,CESA,SEP)
0.15%$200-3 Month IRA (Traditional,Roth,CESA,SEP)
Locations


Wells River Savings Bank Locations
Bradford Branch223 Main StreetBradford, VT 5033
East Thetford Branch3088 Route 5East Thetford, VT 5043
Wells River Savings Bank34 Main StreetWells River, VT 5081
West Side Branch47 Main Street NorthWells River, VT 5081
Newbury Branch4976 Main Street SouthNewbury, VT 5051
Fairlee Branch540 Route 5 N.Fairlee, VT 5045