Watertown Savings Bank (Watertown, NY)
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Data as of · sourced from FFIEC call reports. How we update
Watertown Savings Bank is an FDIC-insured savings bank headquartered in Watertown, NY, established in 1894 (FDIC certificate 15990), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $971.0M, up 4.4% from Q2 2025, the 54th largest of 105 banks headquartered in New York. It reports no CET1 ratio; its Tier 1 leverage ratio was 17.60% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15990
- Headquarters
- Watertown, NY
- Established
- 1894
- Total assets, Q2 2026
- $971.0M
- Assets vs Q2 2025
- +4.4%
- Tier 1 leverage ratio, Q2 2026
- 17.60%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 221371356
- Latest call report
- Q2 2026, FFIEC 051 · Watertown Savings Bank call report
- Asset rank in state
- 54th of 105 in New York
Watertown Savings Bank, based in Watertown, New York, reported $971 million in assets at June 30, 2026, up 4.4% from a year earlier. It pays an average of 0.46% on its deposits and borrowings, a small fraction of the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also funds 17.60% of its assets with Tier 1 capital, higher than about 9 in 10 banks its size (median 10.99%).
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 1.90% of loans, down from 2.51% a year earlier. Net income for the quarter rose 21% from a year earlier, to $4.6 million. One more trend to watch: the non-owner-occupied commercial real estate book ($73 million) is worsening: 8.07% of it is past due or on nonaccrual, up from 6.66% a year earlier.
As of June 30, 2026, Watertown Savings Bank reported a return on assets of 1.92%, a nonperforming-loan ratio of 1.95% and a Texas ratio of 6.57%. The figures come from its call report filed with the FFIEC.
Of the 105 banks headquartered in New York, Watertown Savings Bank is the 54th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.1% to $971.0M, loans rose 1.8% and deposits fell 0.5%. 1-4 family residential loans made up 38.4% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 26.3%. The FDIC Summary of Deposits lists 10 offices for it, in 6 cities in NY; its Watertown 5 offices book 69% of its branch deposits. By the capital ratios in its Q2 2026 call report, Watertown Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 111 Clinton St, Watertown, NY 13601
- County
- Jefferson
- Metro Area
- Watertown-Fort Drum, NY
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1894
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 128
- Domestic deposits
- $784.3M
- Allowance for credit losses
- $7.0M
- Net charge-offs (YTD)
- $385K
- Average total assets
- $960.2M
- Average total loans
- $592.4M
- Average interest-bearing deposits
- $425.6M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- July 1, 1943
- FDIC Cert
- 15990
- Fed RSSD
- 298218
- Website
- www.watersavingsbank.com →
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Watertown Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Watertown Savings Bank's total assets ranged from $895.6M (Q4 2023) to $971.0M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$971.0M total assets against $930.5M; $793.3M total liabilities against $767.1M.
$586.7M net loans and leases against $567.7M; $784.3M total deposits against $759.9M.
$239.8M securities against $222.4M; $67.7M cash and balances due against $65.2M.
$11.5M total interest income against $10.2M; $891K total interest expense against $915K.
$10.6M net interest income against $9.3M.
$1.2M total noninterest income against $1.2M; $5.7M total noninterest expense against $5.3M.
$431K provision for credit losses against $245K.
$4.6M net income against $3.8M.
1.92% return on assets against 1.65%; 4.85% net interest margin against 4.44%.
17.60% tier 1 leverage ratio against 16.84%.
Inside the full Watertown Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatertown Savings Bank rankings
Its closest position to the top of a national ranking is 589 of 3,611, for ROA; its furthest is 1,031 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.28% (Q4 2025) to 1.92% (Q2 2026) and its net interest margin ran from 4.08% (Q3 2024) to 4.85% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.60% | 1.92% | 1.95% | 6.57% | 4.85% |
| Q1 2026 | 16.93% | 1.87% | 1.99% | 6.77% | 4.44% |
| Q4 2025 | 16.98% | 0.28% | 2.13% | 7.54% | 4.70% |
| Q3 2025 | 16.88% | 1.79% | 2.55% | 8.97% | 4.56% |
| Q2 2025 | 16.84% | 1.65% | 2.55% | 9.16% | 4.44% |
| Q1 2025 | 16.48% | 1.69% | 2.49% | 9.14% | 4.18% |
| Q4 2024 | 16.22% | 0.34% | 1.52% | 5.77% | 4.17% |
| Q3 2024 | 15.88% | 1.71% | 1.71% | 6.57% | 4.08% |
Swipe the table sideways to see every column.
Branch Network
View all 10 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 |
|---|---|---|---|
| Watertown Savings Bank (main office) | Watertown , NY | 13601 | $428.3M |
| Adams Branch | Adams , NY | 13605 | $88.8M |
| Clayton James St Branch | Clayton , NY | 13624 | $59.2M |
| Watertown Branch | Watertown , NY | 13601 | $57.3M |
| State Street Branch | Watertown , NY | 13601 | $52.6M |
| Alexandria Bay Branch | Alexandria Bay , NY | 13607 | $46.7M |
| Chaumont Branch | Chaumont , NY | 13622 | $28.8M |
| Sackets Harbor Branch | Sackets Harbor , NY | 13685 | $22.7M |
| Wsb Municipal Bank Branch | Watertown , NY | 13601 | $0 |
| Clinton Street Branch | Watertown , NY | 13601 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 14, 2008 | Structure Change | Acquired Northern New York Bancorp, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in NY, rank 85 of 176 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 6 loans, $953K approved, $159K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Watertown Savings Bank
What are Watertown Savings Bank's total assets?
As of the Q2 2026 filing, Watertown Savings Bank reported total assets of $971.0 million in its FFIEC call report.
Where is Watertown Savings Bank headquartered?
It is headquartered in Watertown, NY, United States.
When was Watertown Savings Bank founded?
It was established in 1894, per the FDIC institution directory.
Is Watertown Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #15990). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Watertown Savings Bank?
Watertown Savings Bank's primary federal regulator is the FDIC.
How many branches does Watertown Savings Bank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Watertown Savings Bank's Texas Ratio?
Its Texas Ratio is 6.57% 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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