WSB Municipal Bank
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Data as of · sourced from FFIEC call reports. How we update
WSB Municipal Bank is an FDIC-insured commercial bank headquartered in Watertown, NY, established in 1913 (FDIC certificate 7274), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $152.3M, up 1.2% from Q2 2025, the 98th largest of 105 banks headquartered in New York. It reports no CET1 ratio; its Tier 1 leverage ratio was 15.23% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 7274
- Headquarters
- Watertown, NY
- Established
- 1913
- Total assets, Q2 2026
- $152.3M
- Assets vs Q2 2025
- +1.2%
- Tier 1 leverage ratio, Q2 2026
- 15.23%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 021309285
- Latest call report
- Q2 2026, FFIEC 051 · WSB Municipal Bank call report
- Holding company
- WATERTOWN SAVINGS BANK
- Asset rank in state
- 98th of 105 in New York
WSB Municipal Bank is one of the more profitable banks of its size. The Watertown, New York bank had $152 million in assets at June 30, 2026, up 1.2% from a year earlier. It earns about $2.59 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 0.52% on its deposits and borrowings, about a third the median of 1.80% for banks its size.
Earnings jumped: net income for the quarter was $1.0 million, 71% above the same quarter a year earlier. Its margin is thin by comparison: it keeps 3.38 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, WSB Municipal Bank reported a return on assets of 2.59% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, WSB Municipal Bank is the 98th largest of the 105 banks headquartered in New York. Between Q1 2026 and Q2 2026, its total assets fell 3.6% to $152.3M, deposits fell 18.1%. Its one office in the FDIC Summary of Deposits is in Watertown, NY. Judged on its Q2 2026 call report, WSB Municipal 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
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- April 24, 1913
- Former names
- Redwood Bank (2003-2008)
- Domestic offices
- 1 FDIC institution directory, current count
- Domestic deposits
- $98.5M
- Allowance for credit losses
- $0
- Net charge-offs (YTD)
- $0
- Average total assets
- $161.3M
- Average total loans
- $0
- Average interest-bearing deposits
- $63.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 7274
- Fed RSSD
- 858818
- Website
- www.watertownsavingsbank.com →
- Parent Holding Company
- WATERTOWN SAVINGS BANK (RSSD 298218)
Profitability
Q2 annualizedAsset Quality
Capital & 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. As a community bank leverage ratio filer, WSB Municipal Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, WSB Municipal Bank's total assets ran between $147.2M (Q2 2024) and $158.0M (Q1 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
$152.3M total assets against $150.5M; $128.8M total liabilities against $130.4M.
$0 net loans and leases against $0; $98.5M total deposits against $104.7M.
$144.3M securities against $140.8M; $6.5M cash and balances due against $8.7M.
$1.5M total interest income against $996K; $145K total interest expense against $193K.
$1.4M net interest income against $803K.
$0 total noninterest income against $0; $24K total noninterest expense against $26K.
No provision recorded in the last 12 quarters.
$1.0M net income against $613K.
2.59% return on assets against 1.58%; 3.38% net interest margin against 2.09%.
15.23% tier 1 leverage ratio against 13.64%.
Inside the full WSB Municipal Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.80% (Q3 2024) to 2.59% (Q2 2026) and its net interest margin ran from 1.10% (Q3 2024) to 3.38% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.23% | 2.59% | — | 0.00% | 3.38% |
| Q1 2026 | 14.89% | 1.98% | — | 0.00% | 2.62% |
| Q4 2025 | 14.56% | 2.20% | — | 0.00% | 2.64% |
| Q3 2025 | 13.83% | 1.82% | — | 0.00% | 2.41% |
| Q2 2025 | 13.64% | 1.58% | — | 0.00% | 2.09% |
| Q1 2025 | 13.33% | 1.32% | — | 0.00% | 1.77% |
| Q4 2024 | 12.68% | 1.22% | — | 0.00% | 1.50% |
| Q3 2024 | 12.25% | 0.80% | — | 0.00% | 1.10% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 |
|---|---|---|---|
| WSB Municipal Bank (main office) | Watertown , NY | 13601 | $98.5M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 2 against individuals associated with it
- Period: Most recent action December 3, 2001. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in NY, rank 154 of 176 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $183K approved, $92K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2005 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 WSB Municipal Bank
What are WSB Municipal Bank's total assets?
As of the Q2 2026 filing, WSB Municipal Bank reported total assets of $152.3 million in its FFIEC call report.
Where is WSB Municipal Bank headquartered?
It is headquartered in Watertown, NY, United States.
When was WSB Municipal Bank founded?
It was established in 1913, per the FDIC institution directory.
Is WSB Municipal Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #7274). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates WSB Municipal Bank?
WSB Municipal Bank's primary federal regulator is the FDIC.
How many branches does WSB Municipal Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is WSB Municipal Bank's Texas Ratio?
Its Texas Ratio is 0.00% 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.
What was WSB Municipal Bank previously called?
The charter now named WSB Municipal Bank has also operated as Redwood Bank (2003-2008), per FDIC structure-change records.
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