Bay State Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Bay State Savings Bank is an FDIC-insured savings bank headquartered in Worcester, MA, established in 1895 (FDIC certificate 90311), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $580.3M, up 4.9% from Q2 2025, the 66th largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 11.24% at Q2 2026, above regulatory requirements.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 90311
- Headquarters
- Worcester, MA
- Established
- 1895
- Total assets, Q2 2026
- $580.3M
- Assets vs Q2 2025
- +4.9%
- CET1 ratio, Q2 2026
- 11.24%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 211371023
- Latest call report
- Q2 2026, FFIEC 051 · Bay State Savings Bank call report
- Holding company
- 1895 CORPORATION
- Asset rank in state
- 66th of 89 in Massachusetts
Bay State Savings Bank operates with a thinner capital cushion than most banks of its size. Based in Worcester, Massachusetts, it had $580 million in assets at June 30, 2026, up 4.9% from a year earlier. It holds common equity equal to 11.24% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also spends about 80 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $901,000, 100% above the same quarter a year earlier. Over the same year, loans grew 10.2% and deposits grew 3.9%. Profitability lags: it earns about $0.63 a year on every $100 of assets, about half the median of $1.28 for banks its size.
As of June 30, 2026, Bay State Savings Bank reported a CET1 capital ratio of 11.24%, a return on assets of 0.63%, a nonperforming-loan ratio of 0.47% and a Texas ratio of 4.04%. The figures come from its call report filed with the FFIEC.
Of the 89 banks headquartered in Massachusetts, Bay State Savings Bank is the 66th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 0.9% to $580.3M, loans rose 3.8% and deposits fell 2.0%. 1-4 family residential loans made up 55.7% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 14.0%. Its 7 offices in the FDIC Summary of Deposits are in 4 cities in MA; its Worcester 4 offices book 62% of its branch deposits. Judged on its Q2 2026 call report, Bay State Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 28 Franklin St, Worcester, MA 01608
- County
- Worcester
- Metro Area
- Worcester, MA
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- March 9, 1895
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 84
- Domestic deposits
- $513.7M
- Allowance for credit losses
- $4.3M
- Net charge-offs (YTD)
- $33K
- Average total assets
- $573.0M
- Average total loans
- $479.6M
- Average interest-bearing deposits
- $387.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 20, 1985
- FDIC Cert
- 90311
- Fed RSSD
- 963002
- Website
- baystatesavingsbank.com →
- Parent Holding Company
- 1895 CORPORATION (RSSD 3535455)
- Ultimate Parent
- 1895 MHC (RSSD 3535437)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Bay State Savings Bank's total assets ran between $520.9M (Q4 2023) and $585.4M (Q1 2026), and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$580.3M total assets against $553.4M; $528.2M total liabilities against $504.1M.
$485.4M net loans and leases against $440.0M; $513.7M total deposits against $494.2M.
$43.0M securities against $43.3M; $21.4M cash and balances due against $44.9M.
$7.0M total interest income against $6.3M; $2.4M total interest expense against $2.5M.
$4.6M net interest income against $3.8M.
$400K total noninterest income against $427K; $4.0M total noninterest expense against $3.7M.
$0 provision for credit losses against $0.
$901K net income against $451K.
0.63% return on assets against 0.33%; 3.39% net interest margin against 2.90%.
11.24% CET1 capital ratio against 11.75%; 8.82% tier 1 leverage ratio against 8.80%.
Inside the full Bay State Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Bay State Savings Bank rankings
Its closest position to the top of a national ranking is 1,592 of 4,196, for total assets; its furthest is 3,256 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.08% (Q4 2024) to 0.63% (Q2 2026) and its net interest margin ran from 2.61% (Q3 2024) to 3.39% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.24% | 0.63% | 0.47% | 4.04% | 3.39% |
| Q1 2026 | 11.32% | 0.41% | 0.48% | 4.10% | 3.34% |
| Q4 2025 | 11.34% | 0.56% | 0.38% | 3.25% | 3.14% |
| Q3 2025 | 11.48% | 0.36% | 0.47% | 4.30% | 3.01% |
| Q2 2025 | 11.75% | 0.33% | 0.48% | 4.34% | 2.90% |
| Q1 2025 | 12.91% | 0.26% | 0.47% | 4.17% | 2.84% |
| Q4 2024 | 12.15% | -0.08% | 0.55% | 4.84% | 2.74% |
| Q3 2024 | 12.56% | 0.26% | 0.68% | 5.86% | 2.61% |
Swipe the table sideways to see every column.
Branch Network
View all 7 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bay State Savings Bank (main office) | Worcester , MA | 01608 | $113.0M |
| Holden Branch | Holden , MA | 01520 | $96.4M |
| Burncoat Street Branch | Worcester , MA | 01606 | $85.2M |
| Minuteman Plaza Branch | Auburn , MA | 01501 | $66.6M |
| Mill Street Branch | Worcester , MA | 01602 | $64.4M |
| Grafton Street Branch | Worcester , MA | 01608 | $57.1M |
| Shrewsbury Branch | Shrewsbury , MA | 01545 | $31.0M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC (former OTS))
- June 26, 1991, OCC (former OTS): Supervisory Agreement: Bay State Federal Savings Bank
- Period: Most recent institution action June 26, 1991. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MA, rank 76 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 156 applications, 92 loans originated, $29.7M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $3.2M approved, $802K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bay State Savings Bank
What are Bay State Savings Bank's total assets?
As of the Q2 2026 filing, Bay State Savings Bank reported total assets of $580.3 million in its FFIEC call report.
Where is Bay State Savings Bank headquartered?
It is headquartered in Worcester, MA, United States.
When was Bay State Savings Bank founded?
It was established in 1895, per the FDIC institution directory.
Is Bay State Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #90311). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bay State Savings Bank?
Bay State Savings Bank's primary federal regulator is the FDIC.
What is Bay State Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.24% in its Q2 2026 call report, above regulatory requirements.
How many branches does Bay State Savings Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bay State Savings Bank's Texas Ratio?
Its Texas Ratio is 4.04% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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