Applications / Mortgage Analytics / Lenders / New York / Watertown Savings Bank
Watertown, NY · Savings institution · FDIC · $941 million assets · 158 loans in 2025
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158
loans originated, 2025
195
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Watertown Savings Bank lends in a single county, where it is still the fourth-largest mortgage lender, but its share of that market shrank in 2025.
It ranks 4 of 106 lenders in the Watertown-Fort Drum metro. Its share of the market's dollars fell from 9.8% to 6.5%, and its loans fell 10% while similar lenders (savings institutions making between half and twice as many loans) grew 5%. Its loans have fallen every year since 2020, from 443 to 158. The market is small, at $426.4M in 2025, so a few large loans by rivals could move the shares.
Its typical loan is $155,000, against $242,500 at similar lenders. Manufactured homes make up 7.0% of its loans, a higher share than at almost nine in ten similar lenders, where 0.3% is typical. Home improvement and other purposes account for about a quarter of its lending.
Its typical rate was 6.38%, against 6.50% at similar lenders, lower than at about nine in ten of them. It made no higher-priced loans (those with a rate well above the average for similar loans) in 2025, and every loan was conventional.
Some 18.2% of its borrowers had low or moderate incomes (LMI), against 24.9% at similar lenders, and 9.3% of its loans were in LMI neighborhoods, against 16.9%. It made none in majority-minority neighborhoods. Lending in a single county, it may simply reflect the neighborhoods that county has.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 195 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 56.3% · Refinance 17.7% · Home improvement 14.6% · Other 11.4%
Conventional 100.0% · of 158 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 |
|---|---|---|
| New York | 140 | 88.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Watertown-Fort Drum | 140 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300NVMV4W48B8SC18 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 298218 | 2014–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315990 | 2014–2017 |
Established 1 January 1894. Reported under HMDA 2014-2025.
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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