Overview / Commentary
Dedham Savings is headquartered in DEDHAM and is the 24th largest bank in the state of Massachusetts. It is also the 508th largest bank in the nation. It was established in 1831 and as of June of 2023, it had grown to 218 employees at 14 locations. Dedham Savings' savings rates are 10X the national average, and it has a B+ 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
B+
Data as of Q2 2023
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 | 0.7% |
| Return on Equity - YTD | 6.67% |
| Annual Interest Income | $46.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $2.25B$2.00B |
| Loans | Q2 2023vs Q2 2022 | $1.75B$1.51B |
| Deposits | Q2 2023vs Q2 2022 | $1.68B$1.70B |
| Equity Capital | Q2 2023vs Q2 2022 | $234.0MM$209.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $8.4MM$10.5MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $14.6MM$1.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
