Applications / Mortgage Analytics / Lenders / Massachusetts / Middlesex Savings Bank
Natick, MA · State non-member bank · FDIC · $6.2 billion assets · 1,177 loans in 2025
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1,177
loans originated, 2025
1,455
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Middlesex Savings Bank, a Massachusetts savings bank lending in 11 counties, grew its originations 83% in 2025, faster than almost all similar banks, and doubled its share in Worcester.
Originations rose 83% to 1,177, against a typical 10% at similar lenders (state non-member banks making between half and twice as many loans), higher than more than nine in ten of them. That followed two weaker years, 696 loans in 2023 and 643 in 2024, and brought it back near its 2019 level of 1,230.
Its share in Worcester rose from 0.4% to 0.8%, where it ranks 34 of 451 lenders, and in Barnstable Town from 0.1% to 0.8%, ranking 29 of 369. In Boston-Cambridge-Newton it ranks 28 of 664.
Home improvement made up 31.9% of its loans, home purchase 30.9% and refinancing 25.7%. Every loan was conventional and none was higher-priced (a rate well above the average for similar loans), against 1.6% at peers. 11.6% were jumbo (larger than the conforming limit), against 2.3%.
6.5% of its loans were in low- and moderate-income (LMI) neighbourhoods, against 14.9% at similar lenders, among the lowest of its peers; 21.6% went to LMI borrowers, against 27.3%. Possible reasons are a compact footprint of 11 counties with fewer such neighbourhoods and a larger share of jumbo loans.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Middlesex Savings Bank took 1,455 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 31.9% · Purchase 30.9% · Refinance 25.7% · Other 11.4%
Conventional 100.0% · of 1,177 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 1,173 | 99.7% |
| Rhode Island | 4 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 665 |
| Boston | 266 |
| Worcester | 176 |
| Barnstable Town | 41 |
| Providence-Warwick | 26 |
| Pittsfield | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | VMDPCBOQ43W3PZTYZL93 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 888002 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390183 | 1992–2017 |
Established 5 March 1835. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Middlesex Savings Bank's data.
Middlesex Savings Bank's data
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Middlesex Savings Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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