Applications / Mortgage Analytics / Lenders / Massachusetts / The Savings Bank
Wakefield, MA · Savings institution · FDIC · $873 million assets · 146 loans in 2025
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146
loans originated, 2025
184
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Savings Bank, of Wakefield, Massachusetts, makes bigger loans than similar lenders, and a fifth of its lending goes on home improvement.
Its typical loan was $375,000, against $240,000 at similar lenders (savings institutions making between half and twice as many loans), larger than at four in five of them. That lifted its lending to $67.2 million, against $46.9 million at a typical peer, on almost the same number of loans. The typical size swings from year to year, though: it was $235,000 in 2024 and $345,000 in 2020.
Home improvement made up 20.5% of its loans, close to its 21.9% in refinances. Purchases were 49.3%. Every loan was conventional, none government-backed.
Its loans fell 15%, to 146 from 171, while similar lenders grew 6% and the whole market 10%. The count has stayed in a narrow band since 2022, between 146 and 171, so one year's fall says little on its own.
Borrowers on low or moderate incomes (LMI) took 14.9% of its loans, against 24.8% at similar lenders, fewer than at about seven in eight of them. Its larger loans suggest borrowers with higher incomes, which may account for some of that. In poorer neighborhoods it lent about as much as its peers, 16.4% against 17.2%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Savings Bank took 184 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 49.3% · Refinance 21.9% · Home improvement 20.5% · Other 8.2%
Conventional 100.0% · of 146 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 | 138 | 94.5% |
| New Hampshire | 8 | 5.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 116 |
| Boston | 15 |
| Rockingham County-Strafford County | 7 |
| Worcester | 7 |
| Manchester-Nashua | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493006Q43B8FBFUVL12 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 711801 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390291 | 1992–2017 |
Established 26 May 1869. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: The Savings Bank's data.
The Savings Bank's data
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The 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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