Bay State Savings Bank
Worcester, MA
IDRSSD: 963002
Total Assets
$571.93M
Latest filing
Total Deposits
$510.45M
Latest filing
Net Interest Margin
3.16%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Bay State Savings Bank
28 Franklin St
Worcester, MA 01608
Full Service - Brick and Mortar
Updated 01/30/2026Established 03/09/1895FDIC Certificate 17900
Branches (6)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Bay State Savings Bank (Main) | 28 Franklin St | Worcester, MA |
| BURNCOAT STREET BRANCH | 374 Burncoat St | Worcester, MA |
| MILL STREET BRANCH | 275 Mill St | Worcester, MA |
| HOLDEN BRANCH | 628 Main St | Holden, MA |
| MINUTEMAN PLAZA BRANCH | 123 Auburn St | Auburn, MA |
| GRAFTON STREET BRANCH | 799 Grafton Streeet | Worcester, MA |
| SHREWSBURY BRANCH | 50 Boston Tpke | Shrewsbury, MA |
Showing 6 of 6
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | State chartered stock savings banks / S&L |
| Primary Regulator | FDIC |
| Established Date | 03/09/1895 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 01608 |
| State and County Number | 25027 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 01 |
| Numeric code | 41 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | Worcester, MA-CT |
Operational Info
| Number of Employees | 79 |
| Domestic Offices | 8 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 07/01/2025 |
| Date of Deposit Insurance | 11/20/1985 |
| Primary Insurance Agency | DIF |
| Website | baystatesavingsbank.com |
| Data Updated | 01/30/2026 |
| CERT | 90311 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $571.93M |
| Total Deposits | $510.45M |
| Total Liabilities | $520.93M |
| Total Equity Capital | $51.01M |
| Net Income | $791.00k |
| Net Loans and Leases | $465.51M |
| Assets Per Employee ($Millions) | $7.53M |
| Bank Premises and Fixed Assets | $5.26M |
| Cash and Balances due from Depository Institutions | $29.83M |
| Deposits Held in Domestic Offices | $510.45M |
Key Performance Ratios
| Return on Assets (ROA) | 0.55% |
| Return on Equity (ROE) | 6.26% |
| Net Interest Margin | 3.16% |
| Efficiency Ratio | 84.81% |
| Tier 1 Risk-Based Capital Ratio | 11.339% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.918% |
| Earning Assets to total Assets | 93.86% |
Income and Expense
| Total Interest Income | $6.86M |
| Total Noninterest Income | $488.00k |
| Total Interest Expense | $2.56M |
| Total Noninterest Expense | $4.05M |
| Net Interest Income | $4.29M |
| Pre-tax Net Operating Income | $726.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $4.13M |
| Federal Funds Sold & Reverse Repurchase Agreement | $3.80M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $6.35M |
| Total Liabilities and Capital | $571.93M |
Securities
| Securities | $44.57M |
| Available-for-sale debt securities | $42.42M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Bay State Savings Bank?
$571.93M as of the latest filing.
How much are Bay State Savings Bank's total deposits?
$510.45M in total deposits.
Where is Bay State Savings Bank located?
Worcester, MA.
What is the Net Interest Margin?
3.16%.
How many domestic offices does it operate?
8.
When was it established?
03/09/1895.
What is the Return on Assets (ROA)?
0.55%.
How much are total loans and leases?
$465.51M (latest filing).
What is the total interest income (latest filing)?
$6.86M.