The Savings Bank (MA) is headquartered in Wakefield and is the 59th largest bank in the state of Massachusetts. It is also the 1,282nd largest bank in the nation. It was established in 1869 and as of June of 2022, it had grown to 105 employees at 9 locations. The Savings Bank (MA) has an A health rating.
Overall | |
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FDIC Certificate # | 90291 |
Year Established | 1869 |
Employees | 105 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.44% |
Return on Equity - YTD | 4.05% |
Annual Interest Income | $10.4MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $728.5MM$691.6MM |
Loans | Q2 2022vs Q2 2021 | $493.6MM$468.8MM |
Deposits | Q2 2022vs Q2 2021 | $649.9MM$605.5MM |
Equity Capital | Q2 2022vs Q2 2021 | $74.0MM$82.6MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $4.8MM$4.6MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.3MM$1.3MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
Rates for The Savings Bank (MA) are currently being reviewed.
The Savings Bank (MA) Locations | ||
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South Lynnfield Branch | 1105 Summer Street | Lynnfield, MA 01940 |
Methuen Branch | 17 Burnham Road | Methuen, MA 01844 |
The Savings Bank | 357 Main St | Wakefield, MA 01880 |
Colonial Shopping Center Branch | 584 Main Street | Lynnfield, MA 01940 |
Lakeside Branch | 599 North Avenue | Wakefield, MA 01880 |
North Reading Branch | 6 Washington Street | North Reading, MA 01864 |
Andover Branch | 84 Main Street | Andover, MA 01810 |
Main Street Branch | 907 Main Street | Wakefield, MA 01880 |