Bristol County Savings Bank is headquartered in Taunton and is the 20th largest bank in the state of Massachusetts. It is also the 389th largest bank in the nation. It was established in 1846 and as of June of 2020, it had grown to 390 employees at 18 locations. Bristol County Savings Bank has an A+ health rating.
Mixed feelings
I have mixed feelings about my relationship with this bank. I've been a customer for nearly 20 years. In the beginning, I had a positive relationship. I felt like the bank knew me. This wasn't important to gain any special treatment, I just liked feeling I was being looked out for. Over the years, I feel like the bank has focused less on personal relationships. I feel like I don't get any of the benefits I expect from a small local bank. In fact, I only get the drawbacks (not great hours, I am just another customer). I've also noticed that some of their fees are higher than other local banks (i.e. foreign currency exchange). I have actually contemplated changing banks. Furthermore, there phone app leaves a lot to be desired.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23622 |
| Year Established | 1846 |
| Employees | 390 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.14% |
| Return on Equity - YTD | -9.55% |
| Annual Interest Income | $42.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $2.61B$2.25B |
| Loans | Q2 2020vs Q2 2019 | $1.96B$1.78B |
| Deposits | Q2 2020vs Q2 2019 | $2.16B$1.81B |
| Equity Capital | Q2 2020vs Q2 2019 | $290.1MM$297.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $17.3MM$16.2MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $4.8MM$3.9MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $464.00K$0 |
