Washington Savings Bank (Lowell, MA)
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Data as of · sourced from FFIEC call reports. How we update
Washington Savings Bank is an FDIC-insured commercial bank headquartered in Lowell, MA, established in 1892 (FDIC certificate 90229), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $302.3M, up 1.7% from Q2 2025, the 78th largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 16.92% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 90229
- Headquarters
- Lowell, MA
- Established
- 1892
- Total assets, Q2 2026
- $302.3M
- Assets vs Q2 2025
- +1.7%
- CET1 ratio, Q2 2026
- 16.92%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 211374004
- Latest call report
- Q2 2026, FFIEC 041 · Washington Savings Bank call report
- Asset rank in state
- 78th of 89 in Massachusetts
Washington Savings Bank spends more to run itself than most banks of its size. It reported $302 million in assets at June 30, 2026, up 1.7% from a year earlier. It earns about $0.29 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 88 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $221,000, 173% above the same quarter a year earlier. Over the same year, loans shrank 0.9% and deposits grew 7.7%. Its margin is thin by comparison: it keeps 2.67 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.95 cents).
As of June 30, 2026, Washington Savings Bank reported a CET1 capital ratio of 16.92%, a return on assets of 0.29%, a nonperforming-loan ratio of 0.29% and a Texas ratio of 2.25%. The figures come from its call report filed with the FFIEC.
Washington Savings Bank ranks as the 78th largest of the 89 banks based in Massachusetts, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.2% to $302.3M, loans fell 0.5% and deposits rose 2.6%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 67.7% of total loans, followed by multifamily loans at 18.8%. The FDIC Summary of Deposits lists 2 offices for it, in Lowell, MA and Dracut, MA; its Lowell office books 57% of its branch deposits. By the capital ratios in its Q2 2026 call report, Washington Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 30 Middlesex St, Lowell, MA 01852
- County
- Middlesex
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 041
- Established
- April 6, 1892
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 41
- Domestic deposits
- $249.3M
- Allowance for credit losses
- $1.5M
- Net charge-offs (YTD)
- $1K
- Average total assets
- $302.5M
- Average total loans
- $237.3M
- Average interest-bearing deposits
- $216.2M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- October 10, 1985
- FDIC Cert
- 90229
- Fed RSSD
- 654300
- Website
- www.washingtonsavings.com →
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
From Q3 2023 to Q2 2026, Washington Savings Bank's total assets ranged from $282.3M (Q3 2023) to $305.9M (Q4 2025), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$302.3M total assets against $297.3M; $273.0M total liabilities against $269.9M.
$235.2M net loans and leases against $237.3M; $249.3M total deposits against $231.5M.
$36.9M securities against $33.4M; $10.8M cash and balances due against $8.4M.
$3.3M total interest income against $3.1M; $1.4M total interest expense against $1.5M.
$1.9M net interest income against $1.7M.
$248K total noninterest income against $222K; $1.9M total noninterest expense against $1.8M.
-$8K provision for credit losses against $10K.
$221K net income against $81K.
0.29% return on assets against 0.11%; 2.67% net interest margin against 2.36%.
16.92% CET1 capital ratio against 16.58%; 9.65% tier 1 leverage ratio against 9.65%.
Inside the full Washington 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.
Washington Savings Bank rankings
Its closest position to the top of a national ranking is 595 of 2,134, for CET1 ratio; its furthest is 3,434 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.03% (Q4 2024) to 0.29% (Q2 2026) and its net interest margin ran from 2.13% (Q3 2024) to 2.67% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.92% | 0.29% | 0.29% | 2.25% | 2.67% |
| Q1 2026 | 16.85% | 0.16% | 0.34% | 2.71% | 2.56% |
| Q4 2025 | 16.57% | 0.29% | 0.32% | 2.59% | 2.60% |
| Q3 2025 | 16.66% | 0.13% | 0.38% | 3.08% | 2.41% |
| Q2 2025 | 16.58% | 0.11% | 0.38% | 3.15% | 2.36% |
| Q1 2025 | 16.66% | 0.03% | 0.33% | 2.74% | 2.28% |
| Q4 2024 | 16.80% | -0.03% | 0.34% | 2.81% | 2.18% |
| Q3 2024 | 17.19% | 0.00% | 0.30% | 2.38% | 2.13% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 |
|---|---|---|---|
| Washington Savings Bank (main office) | Lowell , MA | 01852 | $143.0M |
| Dracut Branch | Dracut , MA | 01826 | $106.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MA, rank 90 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 Washington Savings Bank
What are Washington Savings Bank's total assets?
As of the Q2 2026 filing, Washington Savings Bank reported total assets of $302.3 million in its FFIEC call report.
Where is Washington Savings Bank headquartered?
It is headquartered in Lowell, MA, United States.
When was Washington Savings Bank founded?
It was established in 1892, per the FDIC institution directory.
Is Washington Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #90229). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Washington Savings Bank?
Washington Savings Bank's primary federal regulator is the Federal Reserve.
What is Washington Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.92% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Washington Savings Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Washington Savings Bank's Texas Ratio?
Its Texas Ratio is 2.25% 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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