Winchester Savings Bank Institution Profile and Performance

Winchester Savings Bank has a long history dating back to 1852, making it one of the oldest savings banks in the United States.

The bank's institution profile reveals that it was originally chartered as a mutual savings bank, with the primary goal of providing financial services to the local community.

Winchester Savings Bank has a strong presence in the Winchester, Massachusetts area, with a dedicated team of employees working to meet the financial needs of its customers.

The bank's commitment to serving its community has remained unchanged over the years, with a focus on providing personalized service and competitive rates to its customers.

Winchester Savings Bank has been in operation since July 1, 1871.

Their institution profile shows that they are a community bank, directly owned by the community and not by another bank.

The bank has a total of 5 domestic offices, with no foreign offices or US offices.

Winchester Savings Bank is a mutual bank, meaning it is owned by its depositors and not by shareholders.

Here are some key details about the bank's structure:

The bank's primary regulator is the FDIC, and they have a Federal Reserve ID Number of 1.

Winchester Savings Bank has a long history, with the last structure change effective date being November 17, 2024.

Their deposit insurance date is March 14, 1986, and they are insured by the DIF.

Winchester Savings Bank has a significant presence in the financial sector, with total assets valued at $895,055k and a network of 5 domestic offices.

The bank's financial health is reflected in its loan-to-deposit ratio, which stands at 109.40% compared to industry averages typically ranging from 80% to 90%.

Winchester Savings Bank has a strong community focus and local market presence, making it a significant player in the financial sector.

Here's a breakdown of the bank's financial summary:

The bank's financial stability is also reflected in its Tier 1 Risk-Based Capital Ratio, which is 0.00%. This indicates that the bank has a strong capital adequacy and risk management strategy in place.

Winchester Savings Bank's asset size and financial metrics provide valuable insights into its core operations and revenue streams, including Net Loans and Leases of $725,490k and Net Interest Income of $4,010k.

The bank's efficiency ratio is 86.85%, indicating that it has a relatively high non-interest expense compared to its total revenue.

Winchester Savings Bank's net loans and leases to core deposits ratio is not available in the provided data, but its return on assets is -0.21% and return on equity is -2.31%.

Winchester Savings Bank boasts a substantial scale and market presence, with total assets valued at $895,055k.

The bank's financial structure and stability are reflected in its total liabilities of $814,733k and total equity capital of $80,322k.

A closer look at the bank's operational metrics reveals total deposits of $663,157k and net loans and leases at $725k.

The Tier 1 Risk-Based Capital Ratio is a key indicator of the bank's financial stability, and for Winchester Savings Bank, it stands at 0.

The loan-to-deposit ratio is a crucial measure of the bank's financial health, with a ratio of 109.40% compared to industry averages typically ranging from 80% to 90%.

In the world of finance, it's essential to know who's at the helm of a bank. John Carroll is the President and Chief Executive Officer of Winchester Savings Bank. He's the one making key decisions and overseeing the bank's operations.

NAICS stands for North American Industry Classification System, a coding system used by the US government to classify businesses by industry.

The NAICS code is a six-digit code that provides a unique identifier for a specific business.

Winchester Savings Bank, for example, has multiple NAICS codes, including 5221, 522, 522120, 52, and 52212.

These codes are used for statistical purposes and to track economic trends.

The NAICS codes for Winchester Savings Bank are specific to its banking operations.

Having a NAICS code can be useful for businesses to identify their industry classification and to access relevant data and statistics.

NAICS codes are updated periodically to reflect changes in the economy and industry trends.

Winchester Savings Bank's NAICS codes may be used to identify its position within the banking industry.

The SIC code is a way to categorize businesses by their primary activity, and it's often used in financial and regulatory contexts.

Winchester Savings Bank has SIC codes of 60 and 603, which indicate its primary activities.

The SIC code can be useful for understanding the financial and operational characteristics of a business.

For example, a business with a SIC code of 60 is likely to be a commercial bank, which can have implications for its financial reporting and regulatory compliance.

SIC codes can also provide insight into a company's business model and revenue streams.

Winchester Savings Bank's SIC codes suggest that it operates as a commercial bank, which can inform our understanding of its financial health and stability.

Winchester Savings Bank boasts total assets of $895,055k, showcasing its substantial scale and influential market presence.

The bank's financial structure and stability can be seen in its total liabilities of $814,733k and total equity capital of $80,322k.

A closer look at key operational metrics reveals total deposits of $663,157k and net loans and leases at $725k.

The bank's income and expense components are meticulously analyzed, providing valuable insights into its financial performance.

The Tier 1 Risk-Based Capital Ratio is 0, indicating a lack of risk-based capital, and the Return on Assets is -0.21, suggesting a negative return on assets.

This detailed financial overview is designed to enhance your understanding of Winchester Savings Bank's performance and competitive positioning within the financial industry.

Winchester Savings Bank's asset size is approximately $895,055k, reflecting the bank's scale and market presence.

The loan-to-deposit ratio is a crucial measure of the bank's financial health, standing at 109.40% compared to industry averages typically ranging from 80% to 90%.

The bank's annual revenue was $21.5 million in 2025, providing a clear picture of its financial performance.

Winchester Savings Bank is a significant player in the financial sector with a network of 5 domestic offices and a strong community focus.

Winchester Savings Bank offers a range of bank services to meet the diverse needs of its customers.

Their online banking platform is highly secure and accessible 24/7, allowing users to manage their accounts, pay bills, and transfer funds with ease.

You can deposit checks remotely using their mobile banking app, which also provides real-time account updates and alerts.

Their customer service team is available to assist with any questions or concerns you may have, Monday through Friday, 9am to 5pm.

Winchester Savings Bank also offers a comprehensive suite of financial tools and resources, including budgeting and investment advice.

Their bank representatives are knowledgeable and can help you navigate their services and find the best solutions for your financial needs.

Winchester Savings Bank has a long history of community involvement and partnerships. They have partnered with local organizations to support financial education and literacy programs.

Their partnership with the local school district has led to the development of a financial literacy program for students. This program teaches kids about budgeting, saving, and responsible money management.

Winchester Savings Bank has also partnered with the local chamber of commerce to support small business development and growth. They offer financial resources and guidance to help entrepreneurs succeed.

Their commitment to community development has earned them recognition and respect from the community.