Washington Savings Bank: how it compares with its peers
Against 19 MA banks with half to twice its assets, Washington Savings Bank's strongest measure in Q2 2026 is assets per employee ($7.4M vs. a $7.4M peer median). Its weakest relative measure is net interest margin (2.66% vs. 2.96%).
| Measure | Washington Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.23% | 0.41% | Bottom third Ahead of 32% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.66% | 2.96% | Bottom third Ahead of 26% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 90.15% | 83.68% | Bottom third Ahead of 32% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.4M | $7.4M | Middle third Ahead of 47% of peers |
| Loans to deposits Net loans and leases over total deposits. | 94.35% | 90.18% | Context |
What it means for lending operations
Its efficiency ratio of 90.15% is above the 83.68% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Charles River Bank Medway, MA · $336M
- Marblehead Bank Marblehead, MA · $263M
- Bank of Easton North Easton, MA · $249M
- New Valley Bank & Trust Springfield, MA · $385M
- BankGloucester Gloucester, MA · $387M
- Commonwealth Co-operative Bank Hyde Park, MA · $205M
Questions about Washington Savings Bank
How big is Washington Savings Bank?
Washington Savings Bank, established in 1892, is headquartered in Lowell, MA. It reported $302M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Washington Savings Bank's return on assets?
0.23% annualized in Q2 2026, against a 0.41% median for 19 MA banks with half to twice its assets, ahead of 32% of them.
What is Washington Savings Bank's efficiency ratio?
90.15% in Q2 2026: it spent about 90 cents in noninterest expense for each dollar of revenue. The peer median is 83.68%, and lower is better.
Is Washington Savings Bank growing its loans?
Net loans shrank 0.9% over the year to Q2 2026, while deposits grew 7.7%.
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.