Overview / Commentary
Dedham Savings is headquartered in Dedham and is the 25th largest bank in the state of Massachusetts. It is also the 546th largest bank in the nation. It was established in 1831 and as of June of 2022, it had grown to 218 employees at 14 locations. Dedham Savings has an A+ health rating.
Reviews (1)
Pretty Good
Posted by: theshield44 | Jan 5, 2015
I opened an account at a branch, and it was very easy. Getting the ATM card took about two weeks, so a bit on the long side. But website & online bill pay is very easy to set up and use.
Best of all, I'll be done with my big bank soon.
Ah...freedom!
Health
A+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23620 |
| Year Established | 1831 |
| Employees | 218 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.05% |
| Return on Equity - YTD | 0.42% |
| Annual Interest Income | $32.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $2.00B$1.83B |
| Loans | Q2 2022vs Q2 2021 | $1.51B$1.33B |
| Deposits | Q2 2022vs Q2 2021 | $1.70B$1.58B |
| Equity Capital | Q2 2022vs Q2 2021 | $209.8MM$206.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $10.5MM$9.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.2MM$1.6MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
