Bay State Savings Bank
Worcester, MA
IDRSSD: 963002
Total Assets
$581.40M
Latest filing
Total Deposits
$520.79M
Latest filing
Net Interest Margin
2.98%
Profitability
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 11/14/2025Established 03/09/1895FDIC Certificate 17900
Branches (7)
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 |
| AUBURN HIGH SCHOOL BRANCH | 99 Auburn St | Auburn, 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 7 of 7
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 | 82 |
| Domestic Offices | 7 |
| 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 | 11/14/2025 |
| CERT | 90311 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $581.40M |
| Total Deposits | $520.79M |
| Total Liabilities | $531.30M |
| Total Equity Capital | $50.10M |
| Net Income | $496.00k |
| Net Loans and Leases | $453.58M |
| Assets Per Employee ($Millions) | $7.36M |
| Bank Premises and Fixed Assets | $5.48M |
| Cash and Balances due from Depository Institutions | $45.91M |
| Deposits Held in Domestic Offices | $520.79M |
Key Performance Ratios
| Return on Assets (ROA) | 0.35% |
| Return on Equity (ROE) | 3.99% |
| Net Interest Margin | 2.98% |
| Efficiency Ratio | 86.84% |
| Tier 1 Risk-Based Capital Ratio | 11.478% |
| 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 | 8.616% |
| Earning Assets to total Assets | 94.4% |
Income and Expense
| Total Interest Income | $6.55M |
| Total Noninterest Income | $445.00k |
| Total Interest Expense | $2.56M |
| Total Noninterest Expense | $3.85M |
| Net Interest Income | $3.99M |
| Pre-tax Net Operating Income | $584.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $199.00k |
| Other borrowed funds | $3.93M |
| Federal Funds Sold & Reverse Repurchase Agreement | $12.23M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $6.58M |
| Total Liabilities and Capital | $581.40M |
Securities
| Securities | $43.54M |
| Available-for-sale debt securities | $41.73M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| 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?
$581.40M as of the latest filing.
How much are Bay State Savings Bank's total deposits?
$520.79M in total deposits.
Where is Bay State Savings Bank located?
Worcester, MA.
What is the Net Interest Margin?
2.98%.
How many domestic offices does it operate?
7.
When was it established?
03/09/1895.
What is the Return on Assets (ROA)?
0.35%.
How much are total loans and leases?
$453.58M (latest filing).
What is the total interest income (latest filing)?
$6.55M.