Watertown Savings Bank in Watertown, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Watertown Savings Bank - Overview

  • General
  • FDIC Certificate #: 23298
    Status: Active
    Federal Reserve ID: 886204
    Date Established: April 18, 1870
    WWW: http://www.watertownsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 11346
    FDIC's unique #: 16331
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 02, 1981
    Last Structure Change Effective Date: June 17, 2011
    Last Structure Change Process Date: June 29, 2011
    Last Data Update: June 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 60 Main Street, Watertown, MA 2472
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Corrections
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $1,063.2 mil
    Equity capital: $95.8 mil
    Deposits held in domestic offices: $947.0 mil
    Return on assets (ROA): 0.80% ($8.5 mil)
    Quarterly return on assets: 0.63% ($6.7 mil)
    Return on Equity (ROE): 9.32% ($8.9 mil)
    Quarterly return on equity: 7.01% ($6.7 mil)
    Net income: $8.4 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.19% ($12,652.7 mil)
    Quarterly Pretax return on assets: 0.93% ($9,888.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 131Total employees (full-time equivalent)
  • $1,063,248Total assets
  • $29,550Cash and due from depository institutions
  • $17,434Interest-bearing balances
  • $423,311Securities
  • $34Federal funds sold & reverse repurchase agreements
  • $547,777Net loans & leases
  • $3,510Loan loss allowance
  • $0Trading account assets
  • $21,767Bank premises and fixed assets
  • $0Other real estate owned
  • $123Goodwill and other intangibles
  • $1,063,248Life insurance assets
  • $40,686All other assets
  • $967,415Total liabilities and capital
  • $946,954Total liabilities
  • $887,868Total deposits
  • $946,954Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $20,461Subordinated debt
  • $95,833All other liabilities
  • $95,833Total equity capital
  • $95,833Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $95,833Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,925Income earned, not collected on loans
  • $0Earning assets
  • $3,101Long-term assets (5+ years)
  • $988,556Average Assets, year-to-date
  • $493,981Average Assets, quarterly
  • $1,046,592Volatile liabilities
  • $1,056,736Insider loans
  • $460,886FHLB advances
  • $1,043,944Loans and leases held for sale
  • $17,713Unused loan commitments
  • $17,713Tier 1 (core) risk-based capital
  • $92,193Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $84,226Restructured Loans and leases
  • $8,933Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,182Total interest income
  • $6,683Total interest expense
  • $32,499Net interest income
  • $400Provision for loan and lease losses
  • $3,412Total noninterest income
  • $0Fiduciary activities
  • $2,039Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,373Additional noninterest income
  • $22,550Total noninterest expense
  • $13,539Salaries and employee benefits
  • $3,714Premises and equipment expense
  • $5,297Additional noninterest expense
  • $12,961Pre-tax net operating income
  • -$472Securities gains (losses)
  • $4,089Applicable income taxes
  • $8,400Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,400Net income attributable to bank
  • $0Net charge-offs
  • $8,400Cash dividends
  • $274Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.03%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 3.34%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.32%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 9.32%Return on equity (ROE)
  • 9.32%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 145.99%Credit loss provision to net charge-offs
  • 48.76%Efficiency ratio
  • 62,794Assets per employee
  • 8.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.64%Loss allowance to noncurrent loans
  • 71.27%Noncurrent assets plus other real estate owned to assets
  • 0.46%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 57.85%Net loans and leases to core deposits
  • 61.22%Equity capital to assets
  • 9.01%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 20.00%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $1,046,592Average earning assets
  • $90,115Average equity
  • $972,962Average loans

List of branches

  • 9 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016331Watertown Savings Bank60 Main Street, Watertown, MA 2472April 18, 1870Full Service Brick and Mortar
    1291524East Watertown Branch10 Bigelow Avenue, Watertown, MA 2472September 10, 1956Full Service Brick and Mortar
    2291525Nonantum Branch175 Watertown Street, Watertown, MA 2472January 17, 1972Full Service Brick and Mortar
    4291527Watertown Square Drive Up Branch45 Church Street, Watertown, MA 2472September 02, 1975Full Service Brick and Mortar
    6256179Warrendale Branch739 Main Street, Watertown, MA 2472April 10, 1995Full Service Brick and Mortar
    7256180Waverly Square Branch30 Church Street, Belmont, MA 2478July 14, 1997Full Service Brick and Mortar
    9361536Waltham Branch6 Lexington Street, Waltham, MA 2451May 14, 2001Full Service Brick and Mortar
    10455973Arlington Branch980 Massachusetts Avenue, Arlington, MA 2476October 12, 2006Full Service Brick and Mortar
    11477929Lexington Branch1075 Waltham Street, Lexington, MA 2421July 02, 2008Full Service Brick and Mortar

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