The Savings Bank: how it compares with its peers
Against 44 MA banks with half to twice its assets, The Savings Bank's strongest measure in Q2 2026 is return on assets (0.44% vs. a 0.58% peer median). Its weakest relative measure is efficiency ratio (94.41% vs. 76.61%).
| Measure | The Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.44% | 0.58% | Middle third Ahead of 34% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.64% | 3.05% | Bottom third Ahead of 18% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 94.41% | 76.61% | Bottom third Ahead of 7% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.2M | $9.1M | Bottom third Ahead of 30% of peers |
| Loans to deposits Net loans and leases over total deposits. | 83.58% | 94.18% | Context |
What it means for lending operations
Its efficiency ratio of 94.41% is above the 76.61% 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
- Mechanics Cooperative Bank Taunton, MA · $899M
- Greenfield Co-operative Bank Greenfield, MA · $902M
- StonehamBank, A Co-operative Bank Stoneham, MA · $918M
- Winchester Co-operative Bank Winchester, MA · $947M
- Rollstone Bank & Trust Fitchburg, MA · $816M
- Monson Savings Bank Monson, MA · $806M
Questions about The Savings Bank
How big is The Savings Bank?
The Savings Bank, established in 1869, is headquartered in Wakefield, MA. It reported $891M in total assets in its Q2 2026 FDIC call report and operates 8 offices.
What is The Savings Bank's return on assets?
0.44% annualized in Q2 2026, against a 0.58% median for 44 MA banks with half to twice its assets, ahead of 34% of them.
What is The Savings Bank's efficiency ratio?
94.41% in Q2 2026: it spent about 94 cents in noninterest expense for each dollar of revenue. The peer median is 76.61%, and lower is better.
Is The Savings Bank growing its loans?
Net loans grew 6.6% over the year to Q2 2026, while deposits grew 5.2%.
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.