The bank maintains a stable capital position with an equity-to-assets ratio of 0.11, though $964.5 million in investment securities suggests high interest rate sensitivity.
| Cash & Short Term Investments | 330.92M | 80.51M | 75.2M | 79.15M |
| Cash & Due from Banks | 53.95M | 55.24M | 44.11M | 52.18M |
| Short Term Investments | 44.92M | 25.26M | 31.09M | 26.97M |
| Total Investments | 964.53M | 855.73M | 773.12M | 669.78M |
| Investments Growth % | 55.2% | 10.69% | 15.43% | - |
| Long-Term Investments | 3.49B | 830.47M | 742.03M | 642.81M |
| Accounts Receivables | 3.62M | 3.33M | 3.17M | 2.26M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| PP&E (Net) | 5.71M | 6.42M | 6.98M | 6.1M |
| Other Assets | 28.2M | -830.47M | 25.59M | 19.65M |
| Total Current Assets | 102.5M | 58.14M | 78.37M | 81.41M |
| Total Non-Current Assets | 954.61M | 7.63M | 774.6M | 669.23M |
| Total Assets | 1.06B | 949.38M | 852.97M | 750.63M |
| Asset Growth % | 54.62% | 11.3% | 13.63% | - |
| Return on Assets (ROA) | 0.22% | -0.1% | 0.1% | 0.55% |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Total Debt | 146.88M | 147M | 129.47M | 91.7M |
| Net Debt | 92.93M | 91.76M | 85.36M | 39.52M |
| Long-Term Debt | 146.88M | 147M | 129.47M | 69M |
| Short-Term Debt | 0 | 0 | 0 | 22.7M |
| Other Liabilities | 5.46M | 6.09M | 6.11M | 3.97M |
| Total Current Liabilities | 785.61M | 680.94M | 637.03M | 600.62M |
| Total Non-Current Liabilities | 152.35M | 153.09M | 135.65M | 72.97M |
| Total Liabilities | 937.96M | 834.03M | 772.68M | 673.59M |
| Total Equity | 119.14M | 115.35M | 80.29M | 77.05M |
| Equity Growth % | 183.95% | 43.67% | 4.21% | - |
| Equity / Assets (Capital Ratio) | 11.27% | 12.15% | 9.41% | 10.26% |
| Return on Equity (ROE) | 1.93% | -0.89% | 1% | 5.4% |
| Book Value per Share | 13.28 | 12.47 | 8.50 | 8.16 |
| Tangible BV per Share | 13.28 | 12.47 | 8.50 | 8.16 |
| Common Stock | 93K | 93K | 0 | 0 |
| Additional Paid-in Capital | 39.57M | 39.57M | 0 | 0 |
| Retained Earnings | 83.9M | 80.72M | 0 | 80.3M |
| Accumulated OCI | -1.23M | -1.69M | 80.29M | -3.26M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 |
Geographic and scale concentration
As reported in recent financial statements, Winchester Bancorp has expanded its total assets to $1.1 billion by 2026Q3, reflecting a consistent growth trajectory that appears driven by an aggressive expansion of the investment securities portfolio rather than organic loan book development.
The bank's asset growth is heavily weighted toward securities, which suggests a cautious approach to credit risk but limits the potential for higher-margin interest income. Investors should monitor whether this asset mix can eventually support the overhead costs associated with the bank's current scale.
Based on the quarterly data provided, the bank maintains an equity-to-assets ratio of 0.11 as of 2026Q3, indicating a stable capital position that provides a sufficient buffer against potential volatility in the bank's concentrated Massachusetts-based asset portfolio.
This capital adequacy level appears appropriate for a community bank of this size, though it may imply an under-leveraged balance sheet that weighs on return on equity. The current capital structure suggests management is prioritizing long-term stability over aggressive capital deployment or share buybacks.
According to the latest balance sheet figures, Winchester Bancorp holds $54.0 million in cash and equivalents, a position that, while providing significant liquidity, appears to act as a drag on overall profitability given the bank's current negative operating margin environment.
The persistence of high cash balances suggests that the bank is struggling to find accretive lending opportunities within its hyper-local market. This liquidity profile warrants further investigation into whether management has a clear strategy for deploying these funds into higher-yielding assets.
As indicated by the bank's reported figures, the investment securities portfolio has grown to $964.5 million, representing the vast majority of total assets and exposing the institution to significant interest rate sensitivity that may not be fully captured in current earnings.
The heavy reliance on a large securities portfolio suggests a potential duration mismatch that could impact the economic value of equity if interest rates remain volatile. This concentration in securities rather than loans may be masking the true credit risk profile of the bank's balance sheet.
Quick answers to the most common questions about buying WSBK stock.
As of 2025, Winchester Bancorp, Inc. Common Stock (WSBK) had total assets of $949.4M including $58.1M in current assets.
Winchester Bancorp, Inc. Common Stock (WSBK) carries total debt of $147.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Winchester Bancorp, Inc. Common Stock (WSBK) has total shareholders' equity (book value) of $115.4M ($12.47 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Winchester Bancorp, Inc. Common Stock (WSBK) reported a current ratio of 0.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.