The Savings Bank (MA) is headquartered in Wakefield and is the 58th largest bank in the state of Massachusetts. It is also the 1,294th largest bank in the nation. It was established in 1869 and as of December of 2021, it had grown to 106 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 | 106 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.53% |
Return on Equity - YTD | 4.46% |
Annual Interest Income | $20.0MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $722.5MM$658.4MM |
Loans | Q4 2021vs Q4 2020 | $470.5MM$466.3MM |
Deposits | Q4 2021vs Q4 2020 | $634.9MM$573.5MM |
Equity Capital | Q4 2021vs Q4 2020 | $83.3MM$81.0MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $4.5MM$4.4MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.6MM$2.0MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
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 |