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Q2 2026 · read from the 30 June 2026 Call Report · United States · Mid-Atlantic · New York, the state note

Watertown Savings Bank

Watertown, New York · $971M in assets · beside the 11 other New York banks between $300M and $1B

The filing

18.3%
Equity / assets
2nd of 12
1.90%
ROA
2nd of 12
49.1%
Efficiency
2nd of 12

Watertown Savings Bank is the second largest of the 12 New York banks nearest its size between $300M and $1B, with $971M in assets at 30 June 2026. Loans are 75.7% of deposits, 4th of 12 against a median of 85.8%, and equity is 18.3% of assets, 2nd of 12. Loans grew +3.5% in the year, 9th of 12, and deposits grew 3.2%; the cohort's median loan growth is +4.8%.

Noncurrent loans are 1.95% of the book, 9th of 12 against a median of 0.80%; 1.87% is 30 to 89 days past due, and the allowance covers them 0.6 times. Net charge-offs are 0.13% of loans, 8th of 12. Commercial real estate is 23.0% of loans, 4th of 12 against a median of 30.2%, and 82% of capital, below the 300% screen, with construction at 21% against the 100% screen.

Return on assets is 1.90%, 2nd of 12 against a median of 0.55%, on an efficiency ratio of 49.1%, 2nd of 12. Five years ago it was 1.04%. The question is which of these lines moves first over the next four quarters, and against which peer.

Return on assetsNY banks $300M to $1B · 30 June 2026 · higher is stronger, listed first
median 0.55% JB Jeff Bank 1.91% WS Watertown Savings Bank 1.90% SB Spring Bank 1.63% TS Tioga State Bank N.A. 1.27% LS Lake Shore Bank 1.12% FN First National Bank of Scotia 0.73% QB Quontic Bank 0.37% GF Geddes Federal Savings & Loan Association 0.31% MB Modern Bank National Association 0.13% BP BTG Pactual Bank N.A. -0.12% CF Community FSB -0.60% CF Carver Federal Savings Bank -0.74%
Loans, year over yearNY banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +4.8% BP BTG Pactual Bank N.A. +67.0% SB Spring Bank +33.8% CF Community FSB +21.8% QB Quontic Bank +7.6% JB Jeff Bank +6.1% TS Tioga State Bank N.A. +5.7% MB Modern Bank National Association +3.8% GF Geddes Federal Savings & Loan Association +3.7% WS Watertown Savings Bank +3.5% FN First National Bank of Scotia +1.2% LS Lake Shore Bank +1.0% CF Carver Federal Savings Bank -8.9%

SBA 7(a), FY2008 to FY2026

Watertown Savings Bank is the 106th largest 7(a) lender into New York of 402, with $21M across 115 loans, 0.1% of everything approved in the state (Manufacturers and Traders Trust Company leads with $1.26B). 5 of its 6 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in New York, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Jefferson, NY$19M1st of 2927.6%-44.3 pts
Onondaga, NY$1M53rd of 900.2%quiet FY2015
Lewis, NY$350K8th of 183.2%quiet FY2012
Oswego, NY$250K22nd of 320.5%quiet FY2021
Saint Lawrence, NY$110K20th of 250.3%quiet FY2016
Cortland, NY$65K19th of 230.2%quiet FY2009
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Retail trade25$6M26.0%0.01%683rd of 2,589
Accommodation & food services23$4M18.2%0.01%927th of 2,596
Health care & social assistance14$3M15.2%0.01%703rd of 2,172
Other services10$2M11.1%0.01%814th of 2,248
Construction11$2M10.0%0.01%899th of 2,063
7(a) lenders into New York, share of approvals since FY2008402 lenders on record; the ten largest and Watertown Savings Bank
Ma Manufacturers and Traders Trust C… 6.5% $1.26B · 10,321 loans N Newbank 6.4% $1.24B · 1,163 loans JC JPMorgan Chase Bank, National Ass… 5.6% $1.09B · 8,716 loans TB TD Bank, National Association 5.5% $1.07B · 8,357 loans LO Live Oak Banking Company 4.0% $774M · 638 loans KN KeyBank National Association 3.7% $717M · 3,387 loans NS Newtek Small Business Finance, In… 2.9% $571M · 760 loans FB Finwise Bank 2.8% $542M · 476 loans Bo Bank of Hope 2.7% $518M · 1,174 loans DC Dime Commercial Bank 2.6% $507M · 575 loans WS Watertown Savings Bank 0.1% $21M · 115 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 6 CBLR filers, Watertown Savings Bank among them; owner-occupied excluded; bold marks a screen met
Watertown Savings BankRankCohort median
Total CRE against capital, the 300% screen82%4th of 12127%
Construction against capital, the 100% screen21%11th of 126%
Construction and land development, share of loans5.8%11th of 121.1%
Non-owner-occupied nonfarm nonresidential, share of loans12.4%7th of 1211.8%
Total CRE, the guidance definition, share of loans23.0%4th of 1230.2%
CRE growth over 36 months, the third prong+7.7%6th of 12+8.5%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
BTG Pactual Bank N.A.$978M-0.1%83.5%0.18%0.28%1.0%97.1%46.8%
Watertown Savings Bank$971M1.9%49.1%1.95%0.13%1.2%75.7%18.3%
Community FSB$827M-0.6%107.2%0.43%0.25%1.0%55.7%10.9%
Quontic Bank$787M0.4%89.3%3.53%0.00%0.2%88.5%11.0%
Lake Shore Bank$736M1.1%65.7%0.25%0.00%0.8%94.0%16.5%
First National Bank of Scotia$719M0.7%74.3%1.50%0.14%1.1%81.8%9.5%
Jeff Bank$686M1.9%50.3%0.37%0.00%1.3%64.7%14.1%
Geddes Federal Savings & Loan Association$686M0.3%78.0%0.44%0.00%0.2%113.4%14.6%
Carver Federal Savings Bank$658M-0.7%115.8%3.46%0.22%1.0%95.0%7.2%
Modern Bank National Association$649M0.1%101.6%5.60%0.00%1.5%101.3%10.4%
Spring Bank$641M1.6%41.2%0.60%0.07%1.2%83.2%13.9%
Tioga State Bank N.A.$625M1.3%66.6%1.00%0.04%1.6%73.1%10.6%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Watertown Savings BankCohort median
20212026Change20212026Change
Loans$504M$594M+18%$476M$502M+5%
Deposits$821M$784M-4%$561M$580M+3%
NPA / loans1.34%1.95%+0.61 pts0.75%0.80%+0.05 pts
Efficiency58.0%49.1%-8.9 pts68.5%76.1%+7.6 pts
ROA1.04%1.90%+0.86 pts0.80%0.55%-0.25 pts

This read was prepared for Watertown Savings Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Watertown Savings Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort NY banks $300M to $1B
Institution www.watersavingsbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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