Bay State Savings Bank: how it compares with its peers
Against 36 MA banks with half to twice its assets, Bay State Savings Bank's strongest measure in Q2 2026 is net interest margin (3.38% vs. a 2.97% peer median). Its weakest relative measure is assets per employee ($6.9M vs. $8.5M).
| Measure | Bay State Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.51% | 0.50% | Middle third Ahead of 53% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.38% | 2.97% | Top third Ahead of 69% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 81.59% | 80.73% | Middle third Ahead of 47% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.9M | $8.5M | Bottom third Ahead of 17% of peers |
| Loans to deposits Net loans and leases over total deposits. | 94.49% | 91.71% | Context |
What it means for lending operations
Its efficiency ratio of 81.59% is above the 80.73% 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
- Lee Bank Lee, MA · $591M
- The Cooperative Bank Roslindale, MA · $548M
- Milford Federal Bank Milford, MA · $545M
- Haverhill Bank Haverhill, MA · $637M
- OneUnited Bank Boston, MA · $638M
- Walpole Co-operative Bank Walpole, MA · $646M
Questions about Bay State Savings Bank
How big is Bay State Savings Bank?
Bay State Savings Bank, established in 1895, is headquartered in Worcester, MA. It reported $580M in total assets in its Q2 2026 FDIC call report and operates 8 offices.
What is Bay State Savings Bank's return on assets?
0.51% annualized in Q2 2026, against a 0.50% median for 36 MA banks with half to twice its assets, ahead of 53% of them.
What is Bay State Savings Bank's efficiency ratio?
81.59% in Q2 2026: it spent about 82 cents in noninterest expense for each dollar of revenue. The peer median is 80.73%, and lower is better.
Is Bay State Savings Bank growing its loans?
Net loans grew 10.3% over the year to Q2 2026, while deposits grew 3.9%.
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.