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Profitability · Massachusetts

Most Efficient US Banks (Lowest Efficiency Ratio) in Massachusetts

Ranked among banks headquartered in Massachusetts. Re-ranked 1-97 within the state from the same national ranking population.

#1 US Banks (Lowest Efficiency Ratio): HINGHAM INSTITUTION FOR SAVINGS — 34.96% . The efficiency ratio measures non-interest operating expense against net revenue — a lower ratio means the bank converts more of each revenue dollar into pre-tax income.

Ranked: 97 banks with reported data Showing: Top 97 Source: FFIEC call reports (Q1 2026) What is this metric? See the Most Efficient US … glossary entry Go deeper: What Is the Bank Efficiency Ratio? Formula, Benchmarks, and What Moves It
# Bank HQ Most Efficient US … Total Assets
1 Hingham Institution for Savings Hingham , MA 34.96% $4.55B
2 Northern Bank & Trust Company Woburn , MA 48.94% $3.27B
3 Trunorth Bank Peabody , MA 49.46% $3.27B
4 Rockland Trust Company Rockland , MA 51.36% $24.79B
5 Computershare Trust Company, N.A. Canton , MA 53.24% $1.13B
6 Berkshire Bank Pittsfield , MA 55.70% $12.03B
7 Salem Five Cents Savings Bank Salem , MA 55.94% $8.57B
8 Bankhometown Oxford , MA 56.32% $1.62B
9 Everett Co-operative Bank Everett , MA 56.71% $1.65B
10 Bank of Easton North Easton , MA 57.36% $250.9M
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11 Walpole Co-operative Bank Walpole , MA 58.10% $649.4M
12 Mechanics Cooperative Bank Taunton , MA 58.17% $878.9M
13 Beacon Bank & Trust Boston , MA 58.81% $22.18B
14 Needham Bank Needham , MA 60.49% $7.17B
15 Eastern Bank Boston , MA 60.71% $30.62B
16 Cape Ann Savings Bank Gloucester , MA 60.93% $1.05B
17 Unibank for Savings Whitinsville , MA 60.95% $2.92B
18 Bankesb Easthampton , MA 62.55% $2.01B
19 Onelocal Bank Norwood , MA 63.49% $1.06B
20 Lowell Five Cent Savings Bank, the Tewksbury , MA 64.40% $1.88B
21 Winchester Co-operative Bank Winchester , MA 64.91% $931.7M
22 Harborone Bank Brockton , MA 66.08% $5.63B
23 Avidia Bank Hudson , MA 66.19% $2.80B
24 Monson Savings Bank Monson , MA 67.34% $814.0M
25 Westfield Bank Westfield , MA 67.41% $2.76B
26 Fidelity Co-operative Bank Leominster , MA 67.81% $1.34B
27 Leader Bank, N.A. Arlington , MA 67.93% $5.08B
28 Mountainone Bank North Adams , MA 68.30% $1.07B
29 South Shore Bank South Weymouth , MA 68.75% $2.56B
30 Stoughton Co-operative Bank Stoughton , MA 69.89% $134.2M
31 Watertown Savings Bank Watertown , MA 70.38% $1.44B
32 Florence Bank Florence , MA 70.52% $2.02B
33 Peoplesbank Holyoke , MA 70.69% $4.63B
34 State Street Bank and Trust Company Boston , MA 71.01% $386.55B
35 National Grand Bank of Marblehead Marblehead , MA 71.34% $442.3M
36 Webster Five Cents Savings Bank Webster , MA 71.57% $1.31B
37 Millbury National Bank Millbury , MA 71.94% $140.8M
38 Savers Co-operative Bank Southbridge , MA 72.05% $797.8M
39 Cape Cod Five Cents Savings Bank Hyannis , MA 72.56% $5.46B
40 Middlesex Savings Bank Natick , MA 72.70% $6.15B
41 Country Bank for Savings Ware , MA 72.98% $2.22B
42 Greenfield Co-operative Bank Greenfield , MA 73.10% $858.0M
43 Lee Bank Lee , MA 73.40% $578.5M
44 North Easton Savings Bank South Easton , MA 73.62% $1.83B
45 Institution for Savings in Newburyport and Its Vicinity Newburyport , MA 73.66% $5.41B
46 Winchester Savings Bank Winchester , MA 73.70% $1.05B
47 Dedham Institution for Savings Dedham , MA 73.74% $2.58B
48 Bank of Canton, the Canton , MA 74.78% $792.8M
49 Martha's Vineyard Bank Edgartown , MA 75.89% $1.30B
50 Seamens Bank Provincetown , MA 76.05% $469.3M
51 Stonehambank Stoneham , MA 76.21% $902.8M
52 Mutualone Bank Framingham , MA 76.63% $1.26B
53 Greenfield Savings Bank Greenfield , MA 77.01% $1.49B
54 Adams Community Bank Adams , MA 77.07% $1.03B
55 Main Street Bank Marlborough , MA 77.43% $1.61B
56 Bristol County Savings Bank Taunton , MA 77.43% $3.16B
57 Bankprov Amesbury , MA 77.89% $1.49B
58 Cambridge Savings Bank Cambridge , MA 79.85% $6.91B
59 Cornerstone Bank Spencer , MA 80.30% $2.40B
60 Cape & Coast Bank Yarmouth Port , MA 80.32% $1.67B
61 North Brookfield Savings Bank North Brookfield , MA 80.61% $439.9M
62 Reading Co-operative Bank Reading , MA 81.16% $1.18B
63 Village Bank, the Auburndale , MA 81.28% $2.03B
64 Bay State Savings Bank Worcester , MA 82.90% $585.4M
65 Coastal Heritage Bank Weymouth , MA 83.79% $985.4M
66 Commonwealth Cooperative Bank Hyde Park , MA 84.12% $209.4M
67 Bankgloucester Gloucester , MA 84.37% $384.4M
68 East Cambridge Savings Bank Cambridge , MA 85.57% $1.67B
69 Methuen Co-operative Bank Methuen , MA 85.95% $143.3M
70 Dean Co-operative Bank Franklin , MA 86.03% $493.3M
71 Baycoast Bank Swansea , MA 86.25% $2.89B
72 Milford Federal Bank Milford , MA 86.38% $545.5M
73 Bluestone Bank Raynham , MA 86.62% $1.63B
74 Charles River Bank Medway , MA 87.12% $330.1M
75 Marblehead Bank Marblehead , MA 87.18% $263.0M
76 Canton Co-operative Bank Canton , MA 87.20% $153.8M
77 Haverhill Bank Haverhill , MA 87.45% $638.1M
78 Fall River Five Cents Savings Bank Fall River , MA 87.87% $1.90B
79 Colonial Federal Savings Bank Quincy , MA 87.99% $358.8M
80 Eagle Bank Everett , MA 88.38% $680.2M
81 Pentucket Bank Haverhill , MA 89.39% $1.11B
82 Clinton Savings Bank Clinton , MA 90.04% $728.9M
83 New Valley Bank & Trust Springfield , MA 90.15% $381.1M
84 Newburyport Five Cents Savings Bank Newburyport , MA 91.90% $1.58B
85 Middlesex Federal Savings, F.A. Somerville , MA 92.25% $641.7M
86 Washington Savings Bank Lowell , MA 92.67% $298.7M
87 Cooperative Bank, the Roslindale , MA 94.73% $543.5M
88 Pittsfield Co-operative Bank Pittsfield , MA 95.86% $444.7M
89 Savings Bank, the Wakefield , MA 96.27% $864.0M
90 Winter Hill Bank, FSB Somerville , MA 98.21% $418.7M
91 Rollstone Bank & Trust Fitchburg , MA 99.87% $836.0M
92 Wrentham Co-operative Bank Wrentham , MA 100.42% $195.0M
93 Oneunited Bank Boston , MA 104.04% $609.0M
94 Enterprise Bank and Trust Company Lowell , MA 117.66% $4.95B
95 Wakefield Co-operative Bank Wakefield , MA 124.09% $305.8M
96 Athol Savings Bank Athol , MA 322.34% $677.8M
97 42 North Private Bank Canton , MA 448.91% $176.4M

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All data sourced from the most recent FFIEC call report filings, refreshed each quarter as new filings are processed. This leaderboard excludes banks with total assets under $100,000K to filter out anomalous micro-bank ratios. See /data-updates/ for the current data freshness window.

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