Watertown Savings Bank is an independent mutual savings bank based in Watertown, Massachusetts. The bank was established on April 18, 1870. Watertown Savings Bank has been FDIC insured since January 2, 1981. Watertown Savings Bank is chartered as a FDIC Savings Bank. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). At the close of 2008, the bank had total assets of $1,182,657,000 and total deposits of $1,083,430,000. The bank has approximately145 total employees. To close the year, Watertown Savings Bank had a net loss of -$13,186,000 but a net operating income of $7,389,000.
Watertown Savings Bank most recent performance ratios.
As of December 31, 2008:
Yield on earning assets 5.49%
Cost of funding earning assets 3.00%
Net interest margin 2.50%
Return on assets (ROA) -1.04%
Return on equity (ROE) -15.81%
Noncurrent loans to loans 0.20%
Equity capital to assets 6.85%
Core capital (leverage) ratio 6.58%
Tier 1 risk-based capital ratio 13.55%
Total risk-based capital ratio 14.07%
Watertown Savings Bank products and services:
Watertown Savings Bank personal banking products include free checking, interest bearing checking accounts, senior checking accounts, passbook savings, access savings, certificate of deposit, money market accounts, holiday club accounts and individual retirement accounts, overdraft protection, consumer and auto loans, mortgage loans, card services, and debit cards. Watertown Savings Bank commercial banking products include business checking accounts, business money market accounts, cash management, commercial loans, commercial real estate loans, overdraft protection, interest on lawyer trust account and card services. The bank also offers internet banking and telephone banking as well as non FDIC insured investment services.
Watertown Savings Bank branch bank locations:
60 Main Street
Watertown, MA 02472
(617) 928-9000 or
(800) 207-2525
10 Bigelow Avenue
Watertown, MA 02472
(617) 928-9000
175 Watertown Street
Watertown, MA 02472
(617) 928-9000
45 Church Street
Watertown, MA 02472
(617) 928-9000
321 Arsenal Street
Watertown, MA 02472
(617) 928-9000
739 Main Street
Watertown, MA 02472
(617) 928-9000
30 Church Street
Belmont, MA 02478
(617) 928-9000
6 Lexington Street
(Corner of Lexington Street and Main Street)
Waltham, MA 02452
(617) 928-9000
980 Mass Ave.
Arlington, MA 02476
(617)-928-9000
1075 Waltham Street
Lexington, MA 02421
(617) 928-9000
Watertown Savings Bank web address: www.watertownsavings.com
The post Watertown Savings Bank, MA appeared first on SelectCDRates.com - The Leading Industry Tool to Help You Select and Compare the Best 6 Month, 1 Year, 2 Year, and 5 Year CD Rates, Find rates by individual states, Money Market Account Rates, Savings Account Rates, Money Market Fund Rates, and Tax Exempt Fund Rates.