Winter Hill Bank is headquartered in SOMERVILLE and is the 78th largest bank in the state of Massachusetts. It is also the 1,958th largest bank in the nation. It was established in 1906 and as of September of 2024, it had grown to 55 employees at 3 locations. Winter Hill Bank has a B+ health rating.
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Failing Buinesss
One star is too high. I've been telling my elderly parents to switch banks for years. This place not only looks like an abandoned morgue, but they constantly have "system outages" in which they rudely tell you to drive 45 mins to the only other branch they have that isn't down. The managers are rude not only to you, but their employees as well! The glass may be bullet proof but we can still HEAR you! And to top it all off the last straw is that they where ROBBED in broad daylight, just the other day. How this place stays in business when they offer nothing new since 1960 is beyond me, especially when Citizens is right next door....
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28213 |
| Year Established | 1906 |
| Employees | 55 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.04% |
| Return on Equity - YTD | -0.39% |
| Annual Interest Income | $14.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $440.4MM$434MM |
| Loans | Q3 2024vs Q3 2023 | $318.4MM$311.9MM |
| Deposits | Q3 2024vs Q3 2023 | $301.8MM$347.3MM |
| Equity Capital | Q3 2024vs Q3 2023 | $40.4MM$39.8MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $1.9MM$3.1MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $0$0 |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |