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Watertown Savings Bank

Watertown, NY
IDRSSD: 298218
Total Assets
$948.97M
Latest filing
Total Deposits
$773.16M
Latest filing
Net Interest Margin
4.57%
Profitability
0

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 ClassState chartered stock savings banks / S&L
Primary RegulatorFDIC
Established Date01/01/1894
Community BankYes
Ownership TypeMutual
ZIP13601
State and County Number36045
Subchapter S CorporationsNo
Trust PowersN/A
Federal Reserve ID Number02
Numeric code42
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictNew York
Core Based Statistical Area NameWatertown-Fort Drum, NY

Operational Info

Number of Employees121
Domestic Offices10
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date08/31/2022
Date of Deposit Insurance07/01/1943
Primary Insurance AgencyDIF
Websitewww.watersavingsbank.com
Data Updated11/14/2025
CERT15990
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$948.97M
Total Deposits$773.16M
Total Liabilities$780.56M
Total Equity Capital$168.41M
Net Income$4.22M
Net Loans and Leases$570.37M
Assets Per Employee ($Millions)$7.84M
Bank Premises and Fixed Assets$17.84M
Cash and Balances due from Depository Institutions$70.66M
Deposits Held in Domestic Offices$773.16M

Key Performance Ratios

Return on Assets (ROA)1.79%
Return on Equity (ROE)10.17%
Net Interest Margin4.57%
Efficiency Ratio51.43%
Tier 1 Risk-Based Capital Ratio0%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.07%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets17.747%
Earning Assets to total Assets90.85%

Income and Expense

Total Interest Income$10.66M
Total Noninterest Income$1.11M
Total Interest Expense$919.00k
Total Noninterest Expense$5.58M
Net Interest Income$9.74M
Pre-tax Net Operating Income$5.11M
Provision for Credit Losses$157.00k
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$0
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$7.40M
Total Liabilities and Capital$948.97M

Securities

Securities$233.54M
Available-for-sale debt securities$206.51M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$15.38M
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of Watertown Savings Bank?
$948.97M as of the latest filing.
How much are Watertown Savings Bank's total deposits?
$773.16M in total deposits.
Where is Watertown Savings Bank located?
Watertown, NY.
What is the Net Interest Margin?
4.57%.
How many domestic offices does it operate?
10.
When was it established?
01/01/1894.
What is the Return on Assets (ROA)?
1.79%.
How much are total loans and leases?
$570.37M (latest filing).
What is the total interest income (latest filing)?
$10.66M.