Applications / Mortgage Analytics / Lenders / Massachusetts / Bay State Savings Bank
Worcester, MA · Savings institution · FDIC · $572 million assets · 92 loans in 2025
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92
loans originated, 2025
156
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bay State Savings Bank, a Worcester savings bank, bounced back in 2025, growing faster than most of its peers after several years of shrinking lending.
Its loans rose from 67 to 92, a jump of 37%. Similar lenders, savings institutions making between half and twice as many loans, grew by 5%, and Bay State was faster than more than eight in ten of them. Yet it made 222 loans in 2020 and 173 in 2018, so it remains well below those years.
Its typical loan rose from $255,000 to $325,000, above the $245,000 at similar lenders. Some 63.0% of its loans were for home purchase, and every one was conventional.
The bank has lent in Worcester since 1992. Its share there rose from 0.2% to 0.3%, ranking it 73 of 451 lenders; Rocket Mortgage and United Wholesale Mortgage lead. In its other markets its shares are small.
It made 29.2% of its loans to low- and moderate-income (LMI) borrowers, against 24.7% at similar lenders. Some 17.8% were in LMI tracts, against 17.6%. Both shares were lower than in 2024.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Bay State Savings Bank took 156 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 63.0% · Refinance 16.3% · Home improvement 13.0% · Other 7.6%
Conventional 100.0% · of 92 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 | 86 | 93.5% |
| Maine | 3 | 3.3% |
| New Hampshire | 2 | 2.2% |
| Connecticut | 1 | 1.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 72 |
| Barnstable Town | 5 |
| Cambridge-Newton-Framingham | 4 |
| Springfield | 4 |
| Portland-South Portland | 3 |
| Amherst Town-Northampton | 1 |
| Boston | 1 |
| Rockingham County-Strafford County | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300V8UCJTLZZT4M32 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 963002 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390311 | 1992–2017 |
Established 9 March 1895. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Bay State Savings Bank's data.
Bay State Savings Bank's data
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Bay State 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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