Watertown Savings Bank: how it compares with its peers
Against 44 MA banks with half to twice its assets, Watertown Savings Bank's strongest measure in Q2 2026 is assets per employee ($12.8M vs. a $9.7M peer median). Its weakest relative measure is net interest margin (3.06% vs. 3.04%).
| Measure | Watertown Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.78% | 0.64% | Top third Ahead of 73% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.06% | 3.04% | Middle third Ahead of 52% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 67.51% | 73.30% | Top third Ahead of 75% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.8M | $9.7M | Top third Ahead of 86% of peers |
| Loans to deposits Net loans and leases over total deposits. | 52.48% | 94.05% | Context |
What it means for lending operations
Its efficiency ratio of 67.51% is better than the 73.30% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Greenfield Savings Bank Greenfield, MA · $1.52B
- Martha's Vineyard Bank Edgartown, MA · $1.33B
- Fidelity Co-operative Bank Leominster, MA · $1.31B
- Webster Five Cents Savings Bank Webster, MA · $1.31B
- Newburyport Five Cents Savings Bank Newburyport, MA · $1.57B
Questions about Watertown Savings Bank
How big is Watertown Savings Bank?
Watertown Savings Bank, established in 1870, is headquartered in Watertown, MA. It reported $1.44B in total assets in its Q2 2026 FDIC call report and operates 10 offices.
What is Watertown Savings Bank's return on assets?
0.78% annualized in Q2 2026, against a 0.64% median for 44 MA banks with half to twice its assets, ahead of 73% of them.
What is Watertown Savings Bank's efficiency ratio?
67.51% in Q2 2026: it spent about 68 cents in noninterest expense for each dollar of revenue. The peer median is 73.30%, and lower is better.
Is Watertown Savings Bank growing its loans?
Net loans grew 5.0% over the year to Q2 2026, while deposits shrank 3.7%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Massachusetts bank ranked.