This institution is no longer active

Operations ceased on April 1, 2019. CRA examination history below reflects the period it was active.

BELMONT SAVINGS BANK

BELMONT, MA · Supervised by FDIC

Est. 1885FDIC #23,901RSSD: FDIC-23901

Part ofBSB BCORP INC→ View all charters

Satisfactory Same

Current rating · Exam: October 2017

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -1.73%

Is this bank safe?

BELMONT SAVINGS BANK holds a Satisfactory CRA rating (2017), shows financial metrics that merit closer review (ROA -1.73%). Consumers may want to review the details below before banking here.

Institution Profile

FDIC BankFind

Address

2 Leonard Street, BELMONT, MA

County

Middlesex County

Established

January 1, 1885

Total Assets

$3.0B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

October 1, 2017

Exam Type

Large Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 8 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2019Call Report / FDIC

Total Assets

$3.0B

Total Deposits

$2.1B

Net Loans

$2.7B

Net Income

$-13,109K

ROA

-1.73%

Below avg for Community banks. Peer avg: 0.90%

ROE

-26.15%

Risk-Based Capital

11.71%

Below avg for Community banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

ROA-1.73%Peer avg: 0.90%▼ Below avg

Risk-Based Capital11.71%Peer avg: 12.91%▼ Below avg

Mortgage Denial Rate16.06%Peer avg: 10.20%▲ More than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	249	73.9%	16.06%
2020	178	71.35%	21.35%
2019	258	80.23%	12.02%
2018	1,038	85.26%	5.68%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Community bank avg: 10.20% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Oct 2017	Satisfactory	Large Bank
Aug 2014	Satisfactory	Intermediate Small Bank
May 2012	Satisfactory	Intermediate Small Bank

8 previous ratings locked — back to 1991

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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