Watertown Savings Bank, New York

On January 1, 1894, Watertown Savings Bank opened for business in Watertown, New York.  The bank financial services promote thrift, home ownership, small business, employment, and economic needs in the region it serves.  Watertown Savings Bank has been FDIC insured since July 1, 1943.  Watertown Savings Bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank has approximately 111 total employees.  Watertown Savings Bank had total assets of $374,594,000 and total deposits of $322,172,000 at the end of 2008.  For the full year of 2008, the bank had net income of $2,000,000.

Watertown Savings Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.50% 
Cost of funding earning assets 1.93% 
Net interest margin 3.58%
Return on equity (ROE) 4.09%
Return on assets (ROA) 0.58%
Noncurrent loans to loans 1.39%
Equity capital to assets 13.29% 
Core capital (leverage) ratio 9.01% 
Tier 1 risk-based capital ratio 12.01% 
Total risk-based capital ratio 12.59%

Watertown Savings Bank products and services:

Watertown Savings Bank provides a variety of banking products and services in New York.  Its personal banking products include checking accounts, passbook savings, statement savings, money market deposit accounts, Christmas club accounts, certificate of deposit and individual retirement accounts, consumer loans, recreational loans and auto loans, mortgage loans, home equity loans, construction loans, card services, and debit cards; commercial banking products, such as business checking accounts, cash management, commercial loans, and card services.  The bank also offers online banking services and telephone banking.

Watertown Savings Bank branch bank locations:

111 Clinton Street
Watertown, NY 13601
315-788-7100
315-786-3385

1816 State St.
Watertown, NY 13601
315-788-3790
315-788-5444

10729 US Rt. 11
Adams, NY 13605
315-232-4515
315-232-3319

140 Clinton Street
Watertown, NY 13601
315-788-8996
315-788-8891

101 Commerce Park Drive
Watertown, NY 13601
315-788-7152
315-788-5252

100 West Main Street
Sackets Harbor, NY 13685
315-646-4628
315-646-2286

12221 NYS Route 12E
Chaumont, NY 13622
315-649-5090
315-649-2531

352 James Street
Clayton, NY 13624
315-686-1280
315-686-1276

4 Market Street
Alexandria Bay, NY 13607
315-482-2544
315-482-4702

Watertown Savings Bank web address: www.wsbny.com

Tags: bank, certificate of deposit, checking account, money market, savings, Watertown Savings Bank

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