Watertown Savings Bank (FDIC certificate #23298) is based in Watertown, Massachusetts. Its Q2 2026 call report shows $1.4B in total assets and $1.3B in deposits and 10 offices.
Based on its Q2 2026 filing, Watertown Savings Bank scores 78/100, which we describe as strong. That is higher than 86% of 897 banks with $1 billion – $10 billion. Among 92 banks headquartered in Massachusetts, it ranks 8th. Its strongest component is problem-loan coverage (98/100; 1.0%), and its lowest is earnings (51/100; 0.78%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 5 points (73 → 78), mostly because the capital cushion component improved by 10 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 70 |
| Q3 2024 | 69 |
| Q4 2024 | 72 |
| Q1 2025 | 73 |
| Q2 2025 | 73 |
| Q3 2025 | 73 |
| Q4 2025 | 74 |
| Q1 2026 | 76 |
| Q2 2026 | 78 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.57% |
| Q3 2024 | 10.72% |
| Q4 2024 | 11.16% |
| Q1 2025 | 10.81% |
| Q2 2025 | 11.02% |
| Q3 2025 | 11.24% |
| Q4 2025 | 11.59% |
| Q1 2026 | 11.88% |
| Q2 2026 | 12.03% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.08% |
| Q3 2024 | 0.26% |
| Q4 2024 | 0.08% |
| Q1 2025 | 0.07% |
| Q2 2025 | 0.21% |
| Q3 2025 | 0.28% |
| Q4 2025 | 0.33% |
| Q1 2026 | 0.26% |
| Q2 2026 | 0.17% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.27% |
| Q3 2024 | 0.31% |
| Q4 2024 | 0.33% |
| Q1 2025 | 0.55% |
| Q2 2025 | 0.61% |
| Q3 2025 | 0.62% |
| Q4 2025 | 0.62% |
| Q1 2026 | 0.70% |
| Q2 2026 | 0.78% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 78 | $1.4B | 12.03% | 0.17% | 0.78% | 52.5% |
| Q1 2026 | 76 | $1.4B | 11.88% | 0.26% | 0.70% | 50.1% |
| Q4 2025 | 74 | $1.4B | 11.59% | 0.33% | 0.62% | 50.8% |
| Q3 2025 | 73 | $1.5B | 11.24% | 0.28% | 0.62% | 49.3% |
| Q2 2025 | 73 | $1.5B | 11.02% | 0.21% | 0.61% | 48.1% |
| Q1 2025 | 73 | $1.5B | 10.81% | 0.07% | 0.55% | 47.0% |
| Q4 2024 | 72 | $1.5B | 11.16% | 0.08% | 0.33% | 46.5% |
| Q3 2024 | 69 | $1.5B | 10.72% | 0.26% | 0.31% | 47.2% |
| Q2 2024 | 70 | $1.5B | 10.57% | 0.08% | 0.27% | 47.5% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Massachusetts
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Greenfield Savings BankBank Greenfield, MA | 61 out of 100, Moderate | $1.5B | 10.1% | 0.42% | vs |
| Martha's Vineyard BankBank Edgartown, MA | 69 out of 100, Moderate | $1.3B | 11.8% | 0.09% | vs |
| Fidelity Co-operative BankBank Leominster, MA | 39 out of 100, Low | $1.3B | 9.9% | 4.44% | vs |
| Webster Five Cents Savings BankBank Webster, MA | 70 out of 100, Strong | $1.3B | 12.5% | 0.46% | vs |
| Newburyport Five Cents Savings BankBank Newburyport, MA | 44 out of 100, Below average | $1.6B | 9.8% | 1.66% | vs |
| Bluestone BankBank Raynham, MA | 51 out of 100, Below average | $1.6B | 9.5% | 1.04% | vs |
Deposit insurance
Is my money safe at Watertown Savings Bank?
Yes. Watertown Savings Bank is an FDIC-insured institution (FDIC certificate #23298). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 26.4% of deposits ($330.6M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 12.03%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 28.71% (benchmark: 10%).
10 locations
Branches
Watertown Savings Bank lists 10 offices in 5 cities. Most locations:
- Watertown, MA (5)
- Waltham, MA (2)
- Arlington, MA (1)
- Belmont, MA (1)
- Lexington, MA (1)
Identity & history
Profile
- Legal name
- Watertown Savings Bank
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 23298
- RSSD ID
- 886204
- Primary regulator
- FED
- Established
- April 18, 1870
- Headquarters
- 60 Main St, Watertown, MA 02472
- Website
- www.watertownsavings.com
- Employees
- 112
Quick answers
Watertown Savings Bank: common questions
Is Watertown Savings Bank FDIC insured?
Yes. Watertown Savings Bank is an FDIC-insured institution (FDIC certificate #23298). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Watertown Savings Bank's TellerScore?
78 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Watertown Savings Bank ever failed?
There is no failure record for FDIC certificate #23298 in the FDIC failed bank list.
How many branches does Watertown Savings Bank have?
10 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Watertown
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Cambridge Municipal Employees Federal Credit UnionCredit union Cambridge, MA | 97 out of 100, Very strong | $10.2M | 24.8% | 0.12% | vs |
| Alpha Credit UnionCredit union Boston, MA | 97 out of 100, Very strong | $35.1M | 18.8% | 0.14% | vs |
| Cambridge Firefighters Federal Credit UnionCredit union Cambridge, MA | 92 out of 100, Very strong | $14.2M | 25.8% | 0.27% | vs |
| Somerville Mass Firefighters Federal Credit UnionCredit union Somerville, MA | 92 out of 100, Very strong | $7.4M | 19.6% | 0.00% | vs |
| Watertown Municipal Credit UnionCredit union Watertown, MA | 91 out of 100, Very strong | $9.7M | 36.9% | 0.00% | vs |
| Billerica Municipal Employees Credit UnionCredit union Billerica, MA | 91 out of 100, Very strong | $23.6M | 17.8% | 0.00% | vs |