Applications / Mortgage Analytics / Lenders / Massachusetts / Watertown Savings Bank
Watertown, MA · State member bank · FRS · $1.4 billion assets · 98 loans in 2025
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98
loans originated, 2025
123
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Watertown Savings Bank, a Massachusetts lender, makes some of the biggest loans among its peers, and its lending rose by two-fifths in 2025.
Its typical loan was $570,000, against $175,000 at similar lenders (state member banks making between half and twice as many loans), larger than all but about one in twenty of them. Jumbo loans (larger than the conforming limit) made up 14.0% of its lending, against 1.4% for its peers. Most of its loans, 72.4%, were for home purchase.
It made 98 loans in 2025, up 40% from 70, against 8% at similar lenders and 10% for the whole market. That was faster than more than four in five of its peers. It is still below the 214 loans it made in 2019.
Its share of loans in low- and moderate-income (LMI) neighborhoods fell to 13.3% from 22.9%, below the 18.2% at similar lenders. With fewer than 100 loans, a handful of loans moves that share, and its focus on large purchase loans may also play a part. Its share to LMI borrowers, 24.4%, was a little below its peers' 27.2%, and its share in majority-minority neighborhoods, 5.1%, was close to their 5.6%.
It has lent in Boston-Cambridge-Newton since its first report in 1992 and ranks 134 of 664 lenders there; Citizens Bank leads. Its shares elsewhere, in Barnstable Town, Worcester and Providence-Warwick, are too small to read much into.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Watertown Savings Bank took 123 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 72.4% · Refinance 17.3% · Other 6.1% · Home improvement 4.1%
Conventional 100.0% · of 98 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 | 98 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 88 |
| Boston | 5 |
| Barnstable Town | 3 |
| Providence-Warwick | 1 |
| Worcester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493009IWRQ5BJEI4M92 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 886204 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 323298 | 1992–2010 |
| Respondent ID (the HMDA filer code before 2018) | 2886204 | 2011–2017 |
Established 18 April 1870. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Watertown Savings Bank's data.
Watertown Savings Bank's data
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Watertown 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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