Watertown Savings Bank (Watertown, MA)
Also written as WSB
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Data as of · sourced from FFIEC call reports. How we update
Watertown Savings Bank is an FDIC-insured commercial bank headquartered in Watertown, MA, supervised by the Federal Reserve, with $1.44B in total assets at Q2 2026, down 2.5% from Q2 2025, the 37th largest of 89 banks headquartered in Massachusetts. It was established in 1870 and holds FDIC certificate 23298. Its CET1 capital ratio was 28.39% 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
- 23298
- Headquarters
- Watertown, MA
- Established
- 1870
- Total assets, Q2 2026
- $1.44B
- Assets vs Q2 2025
- -2.5%
- CET1 ratio, Q2 2026
- 28.39%
- Domestic offices
- 10 · Watertown Savings Bank branches FDIC institution directory, current count
- Routing number
- 211370176
- Safety and soundness
- Is Watertown Savings Bank safe?
- Latest call report
- Q2 2026, FFIEC 051 · Watertown Savings Bank call report
- Asset rank in state
- 37th of 89 in Massachusetts
Watertown Savings Bank, based in Watertown, Massachusetts, reported $1.4 billion in assets at June 30, 2026, down 2.5% from a year earlier. It pays an average of 1.20% on its deposits and borrowings, lower than about 9 in 10 of the 880 banks with $1 billion to $10 billion in assets (median 2.01%). It also holds common equity equal to 28.39% of its risk-weighted assets, about double the median of 13.50% for banks its size.
Net income for the quarter rose 28% from a year earlier, to $3.1 million. Over the same year, loans grew 5.0% and deposits shrank 3.7%. Profitability lags: it returns 7.5% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.7%).
As of June 30, 2026, Watertown Savings Bank reported a CET1 capital ratio of 28.39%, a return on assets of 0.86%, a nonperforming-loan ratio of 0.17% and a Texas ratio of 1.00%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Watertown Savings Bank is the 37th largest of the 89 banks headquartered in Massachusetts. From Q1 2026 to Q2 2026, its total assets fell 0.4% to $1.44B, loans rose 4.0% and deposits fell 0.6%. 1-4 family residential loans made up 87.3% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 4.1%. Its 10 offices in the FDIC Summary of Deposits are in 5 cities in MA; its Watertown 5 offices book 63% of its branch deposits. Judged on its Q2 2026 call report, Watertown Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 60 Main St, Watertown, MA 02472
- 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
- —
- Call Report form
- FFIEC 051
- Established
- April 18, 1870
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 112
- Domestic deposits
- $1.25B
- Allowance for credit losses
- $1.9M
- Net charge-offs (YTD)
- -$4K
- Average total assets
- $1.45B
- Average total loans
- $641.7M
- Average interest-bearing deposits
- $1.15B
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- January 2, 1981
- FDIC Cert
- 23298
- Fed RSSD
- 886204
- Website
- www.watertownsavings.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
Over the 12 quarters to Q2 2026, Watertown Savings Bank's total assets ran between $1.42B (Q3 2023) and $1.50B (Q1 2025), 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
$1.44B total assets against $1.48B; $1.27B total liabilities against $1.32B.
$657.1M net loans and leases against $625.7M; $1.25B total deposits against $1.30B.
$623.1M securities against $661.1M; $69.9M cash and balances due against $103.4M.
$14.3M total interest income against $14.0M; $3.8M total interest expense against $4.8M.
$10.6M net interest income against $9.2M.
$979K total noninterest income against $866K; $7.5M total noninterest expense against $6.9M.
No provision recorded in the last 12 quarters.
$3.1M net income against $2.4M.
0.86% return on assets against 0.66%; 3.12% net interest margin against 2.62%.
28.39% CET1 capital ratio against 27.88%; 12.03% tier 1 leverage ratio against 11.02%.
Inside the full Watertown 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.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Watertown Savings Bank rankings
Its closest position to the top of a national ranking is 101 of 2,134, for CET1 ratio; its furthest is 2,783 of 3,611, for ROA.
Metric pages for Watertown Savings Bank: CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.38% (Q3 2024) to 0.86% (Q2 2026) and its net interest margin ran from 2.12% (Q3 2024) to 3.12% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 28.39% | 0.86% | 0.17% | 1.00% | 3.12% |
| Q1 2026 | 28.92% | 0.70% | 0.26% | 0.99% | 2.96% |
| Q4 2025 | 28.74% | 0.61% | 0.33% | 1.25% | 2.80% |
| Q3 2025 | 28.30% | 0.64% | 0.28% | 1.09% | 2.66% |
| Q2 2025 | 27.88% | 0.66% | 0.21% | 0.84% | 2.62% |
| Q1 2025 | 27.54% | 0.55% | 0.07% | 0.28% | 2.50% |
| Q4 2024 | 27.33% | 0.42% | 0.08% | 0.33% | 2.29% |
| Q3 2024 | 27.63% | 0.38% | 0.26% | 1.03% | 2.12% |
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 , MA | 02472 | $364.9M |
| Warrendale Branch | Watertown , MA | 02472 | $193.1M |
| East Watertown Branch | Watertown , MA | 02472 | $144.7M |
| Waltham Branch | Waltham , MA | 02452 | $109.6M |
| Market Street Branch | Waltham , MA | 02451 | $108.9M |
| Lexington Branch | Lexington , MA | 02421 | $106.0M |
| Waverly Square Branch | Belmont , MA | 02478 | $94.9M |
| Nonantum Branch | Watertown , MA | 02472 | $64.7M |
| Arlington Branch | Arlington , MA | 02476 | $40.9M |
| Watertown Square Drive Up Branch | Watertown , MA | 02472 | $24.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MA, rank 43 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 Watertown Savings Bank
What are Watertown Savings Bank's total assets?
As of the Q2 2026 filing, Watertown Savings Bank reported total assets of $1.44 billion in its FFIEC call report.
Where is Watertown Savings Bank headquartered?
It is headquartered in Watertown, MA, United States.
When was Watertown Savings Bank founded?
It was established in 1870, per the FDIC institution directory.
Is Watertown Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #23298). 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 Federal Reserve.
What is Watertown Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 28.39% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
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 1.00% 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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