Bay State Savings Bank
Worcester, Massachusetts · FDIC Cert #90311
Bay State Savings Bank is an FDIC-insured bank (Certificate #90311) with $550M in total assets and $491M in total deposits as of the Q2 2024 Call Report. Headquartered in Worcester, Massachusetts, the bank maintains a Tier 1 capital ratio of 12.37% (Well-Capitalized) and a nonperforming loan ratio of 0.60%. BankHealthData assigns a composite Health Grade of B (72/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Bay State Savings Bank (FDIC cert 90311) is a community bank — $550M in total assets, $491M in deposits, serving the Worcester, Massachusetts area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 12.37% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 0.60% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is in the normal range: 15.1% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is solid: ROA of 1.36% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is mildly positive across the recent-quarters window. The directional signal is favorable but not dramatic. Bay State Savings Bank carries a composite BankHealth grade of B (72/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Bay State Savings Bank
- Total Assets
- $550M
- Total Deposits
- $491M
- Tier 1 Capital Ratio
- 12.37%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.60%
- Liquidity Ratio
- 15.07%
- Return on Assets
- 1.36%
- Headquarters
- Worcester, Massachusetts
- FDIC Certificate
- #90311
- Health Grade
- B (72/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Bay State Savings Bank holds a Tier 1 capital ratio of 12.37%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Bay State Savings Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Bay State Savings Bank shows strong financial health indicators. With $550M in assets and a Health Score of 72/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Bay State Savings Bank Compares
Bay State Savings Bank’s Health Score of 72 is 4 points above the Massachusetts state average of 68 across 97 FDIC-insured banks. Its 12.37% Tier 1 capital ratio is 1.6 points below the US banking industry average near 14%. The 0.60% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.36% is in line with or above the national ROA benchmark of ~1.1%. Among 1406 similarly-sized banks, the average Health Score is 70, meaning this bank ranks above its size cohort. Site-wide, Bay State Savings Bank is 2 points above the portfolio average of 70.
Frequently Asked Questions
Bay State Savings Bank has a Bank Health Score of B (72/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 12.37%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Bay State Savings Bank's Tier 1 capital ratio of 12.37% and nonperforming loan ratio of 0.60% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Bay State Savings Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #90311). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Bay State Savings Bank holds $550M in total assets and $491M in total deposits. It is headquartered in Worcester, Massachusetts (FDIC Certificate #90311).
Bay State Savings Bank has a Tier 1 capital ratio of 12.37%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.60%, and the return on assets is 1.36%.
Yes. Bay State Savings Bank is FDIC-insured (Certificate #90311). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Bay State Savings Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.