The Savings Bank (Wakefield, MA)

The Savings Bank, based in Wakefield, Massachusetts, reported $891 million in assets at June 30, 2026, up 6.5% from a year earlier. It keeps 2.60 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also funds 9.45% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).

Its reported earnings move with the stock market: it holds equity securities whose value runs through net income, and they gained $1.7 million on paper in the quarter, out of $2.0 million of pre-tax income. Return on assets swings accordingly, so it is not compared with peers here. Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.17% of loans from 1.79%. Credit is the area to watch: it carries problem assets equal to 9.2% of the capital and reserves that would absorb them, 3.5 times the median of 2.6% for banks its size.

As of June 30, 2026, The Savings Bank reported a return on assets of 0.74%, a nonperforming-loan ratio of 0.17% and a Texas ratio of 9.18%. The figures come from its call report filed with the FFIEC.