Bristol County Savings Bank is headquartered in Taunton and is the 18th largest bank in the state of Massachusetts. It is also the 382nd largest bank in the nation. It was established in 1846 and as of June of 2022, it had grown to 330 employees at 18 locations. Bristol County Savings Bank's CD rates are 3X the national average, and it boasts 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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23622 |
| Year Established | 1846 |
| Employees | 330 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.59% |
| Return on Equity - YTD | -4.8% |
| Annual Interest Income | $45.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $2.97B$2.91B |
| Loans | Q2 2022vs Q2 2021 | $2.17B$2.04B |
| Deposits | Q2 2022vs Q2 2021 | $2.56B$2.47B |
| Equity Capital | Q2 2022vs Q2 2021 | $349.4MM$368.6MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $21.5MM$19.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $684.00K$2.6MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
