Bay State Savings Bank in city_name, state_name - Detailed Financial Reports, Location

Bay State Savings Bank in Worcester, Massachusetts (MA)
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Bay State Savings Bank routing number info

Bay State Savings Bank - Overview

General
FDIC Certificate #: 90311
Status: Active
Federal Reserve ID: 963002
Bank Holding Company (Regulatory Top Holder): 1895 Mhc (RSSDID: 3535437, Location: Worcester, MA)
Date Established: March 09, 1895
WWW: http://www.baystatesavingsbank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 7995
FDIC's unique #: 17900
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 20, 1985
Last Structure Change Effective Date: August 01, 2011
Last Structure Change Process Date: August 17, 2011
Last Data Update: August 17, 2011
Data Source Date: April 05, 2012
Location
Address: 28 Franklin Street, Worcester, MA 1608
County: Worcester
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Springfield Ma
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Worcester, MA-CT (#9240)
Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Worcester, MA (#49340)
CBSA Metro Statistical Area: Worcester, MA (#49340)
Financial Summary
Total assets: $268.4 mil
Equity capital: $27.8 mil
Deposits held in domestic offices: $214.3 mil
Return on assets (ROA): 0.37% ($1.0 mil)
Quarterly return on assets: 0.44% ($1.2 mil)
Return on Equity (ROE): 3.63% ($1.0 mil)
Quarterly return on equity: 4.22% ($1.2 mil)
Net income: $1.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.44% ($1,181.1 mil)
Quarterly Pretax return on assets: 0.35% ($939.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
77Total employees (full-time equivalent)
$268,439Total assets
$21,961Cash and due from depository institutions
$16,218Interest-bearing balances
$28,941Securities
$2,516Federal funds sold & reverse repurchase agreements
$197,585Net loans & leases
$2,636Loan loss allowance
$0Trading account assets
$4,825Bank premises and fixed assets
$210Other real estate owned
$0Goodwill and other intangibles
$268,439Life insurance assets
$12,401All other assets
$240,629Total liabilities and capital
$214,294Total liabilities
$178,555Total deposits
$214,294Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$23,784Trading liabilities
$0Other borrowed funds
$2,551Subordinated debt
$27,810All other liabilities
$27,810Total equity capital
$27,810Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$26,890Surplus
$920Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,338Income earned, not collected on loans
$172Earning assets
$821Long-term assets (5+ years)
$245,260Average Assets, year-to-date
$102,173Average Assets, quarterly
$269,716Volatile liabilities
$268,045Insider loans
$180,427FHLB advances
$266,986Loans and leases held for sale
$4,432Unused loan commitments
$4,022Tier 1 (core) risk-based capital
$26,890Tier 2 risk-based capital
$410Total risk weighted assets
$0Total unused commitments
$33,855Restructured Loans and leases
$2,855Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$12,321Total interest income
$2,365Total interest expense
$9,956Net interest income
$671Provision for loan and lease losses
$1,275Total noninterest income
$0Fiduciary activities
$624Service charges on deposit accounts
$0Trading account gains & fees
$651Additional noninterest income
$9,882Total noninterest expense
$5,451Salaries and employee benefits
$1,352Premises and equipment expense
$3,079Additional noninterest expense
$678Pre-tax net operating income
$507Securities gains (losses)
$191Applicable income taxes
$994Income before extraordinary items
$0Extraordinary gains - net
$994Net income attributable to bank
$0Net charge-offs
$994Cash dividends
$906Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
0.96%Cost of funding earning assets
4.03%Net interest margin
0.52%Noninterest income to earning assets
4.00%Noninterest expense to earning assets
0.21%Net operating income to assets
0.37%Return on assets (ROA)
0.44%Pretax return on assets
3.63%Return on equity (ROE)
3.63%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
74.06%Credit loss provision to net charge-offs
1.49%Efficiency ratio
87,989Assets per employee
3.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
35.92%Noncurrent assets plus other real estate owned to assets
2.81%Noncurrent loans to loans
3.66%Net loans and leases to deposits
92.20%Net loans and leases to core deposits
95.63%Equity capital to assets
10.36%Core capital (leverage) ratio
10.07%Tier 1 risk-based capital ratio
14.90%Total risk-based capital ratio
Memoranda
$16Average assets
$269,716Average earning assets
$27,388Average equity
$247,147Average loans

List of branches

8 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	17900	Bay State Savings Bank	28 Franklin Street, Worcester, MA 1608	March 09, 1895	Full Service Brick and Mortar
1	291580	Burncoat Street Branch	374-378 Burncoat Street, Worcester, MA 1606	April 30, 1973	Full Service Brick and Mortar
2	291581	Mill Street Branch	275 Mill Street, Worcester, MA 1602	June 23, 1978	Full Service Brick and Mortar
3	291582	Auburn High School Branch	99 Auburn Street, Auburn, MA 1501	September 18, 1989	Full Service Brick and Mortar
4	291583	Holden Branch	628 Main Street, Holden, MA 1520	January 21, 1997	Full Service Brick and Mortar
5	291584	Minuteman Plaza Branch	123 Auburn Street, Auburn, MA 1501	June 15, 1998	Full Service Brick and Mortar
7	423057	Grafton Street Branch	799 Grafton Streeet, Worcester, MA 1608	October 01, 2003	Full Service Brick and Mortar
8	474302	Eastern Avenue Branch	2 Eastern Avenue, Worcester, MA 1608	May 06, 2008	Full Service Brick and Mortar

Bay State Savings Bank in Worcester, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bay State Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Bay State Savings Bank in Worcester, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

Bay State Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Bay State Savings Bank in Worcester, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches