Family Federal Savings, F.A. in city_name, state_name - Detailed Financial Reports, Location

Family Federal Savings, F.A. in Fitchburg, Massachusetts (MA)
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Family Federal Savings, F.A. - Overview

General
FDIC Certificate #: 29962
Status: Active
Federal Reserve ID: 969974
Date Established: January 01, 1877
WWW: http://www.familyfederal.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 4434
FDIC's unique #: 42796
Numeric code: 38
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: December 29, 1952
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 130 Whalon Street, Fitchburg, MA 1420
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): Fitchburg-Leominster, MA (#2600)
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)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $99.6 mil
Equity capital: $10.8 mil
Deposits held in domestic offices: $78.9 mil
Return on assets (ROA): 0.38% ($0.4 mil)
Quarterly return on assets: 0.40% ($0.4 mil)
Return on Equity (ROE): 3.56% ($0.4 mil)
Quarterly return on equity: 3.69% ($0.4 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.61% ($607.5 mil)
Quarterly Pretax return on assets: 0.61% ($607.5 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
20Total employees (full-time equivalent)
$99,595Total assets
$6,742Cash and due from depository institutions
$490Interest-bearing balances
$28,222Securities
$0Federal funds sold & reverse repurchase agreements
$58,467Net loans & leases
$458Loan loss allowance
$0Trading account assets
$1,708Bank premises and fixed assets
$0Other real estate owned
$79Goodwill and other intangibles
$99,595Life insurance assets
$4,377All other assets
$88,828Total liabilities and capital
$78,880Total liabilities
$72,858Total deposits
$78,880Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$9,500Trading liabilities
$0Other borrowed funds
$448Subordinated debt
$10,767All other liabilities
$10,767Total equity capital
$10,767Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$10,767Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,038Income earned, not collected on loans
$0Earning assets
$279Long-term assets (5+ years)
$87,179Average Assets, year-to-date
$0Average Assets, quarterly
$96,230Volatile liabilities
$98,109Insider loans
$42,116FHLB advances
$99,145Loans and leases held for sale
$1,733Unused loan commitments
$0Tier 1 (core) risk-based capital
$10,317Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,427Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,000Total interest income
$1,206Total interest expense
$2,794Net interest income
$177Provision for loan and lease losses
$598Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$598Additional noninterest income
$2,710Total noninterest expense
$1,534Salaries and employee benefits
$517Premises and equipment expense
$659Additional noninterest expense
$505Pre-tax net operating income
$85Securities gains (losses)
$220Applicable income taxes
$370Income before extraordinary items
$0Extraordinary gains - net
$370Net income attributable to bank
$0Net charge-offs
$370Cash dividends
$3Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.67%Yield on earning assets
1.41%Cost of funding earning assets
3.26%Net interest margin
0.70%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.33%Net operating income to assets
0.38%Return on assets (ROA)
0.61%Pretax return on assets
3.56%Return on equity (ROE)
3.56%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
5900.00%Credit loss provision to net charge-offs
227.33%Efficiency ratio
79,894Assets per employee
4.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.78%Loss allowance to noncurrent loans
22.47%Noncurrent assets plus other real estate owned to assets
2.05%Noncurrent loans to loans
3.46%Net loans and leases to deposits
74.12%Net loans and leases to core deposits
76.03%Equity capital to assets
10.81%Core capital (leverage) ratio
10.41%Tier 1 risk-based capital ratio
24.50%Total risk-based capital ratio
Memoranda
$26Average assets
$96,230Average earning assets
$10,397Average equity
$85,675Average loans

List of branches

3 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	42796	Family Federal Savings, F.A.	130 Whalon Street, Fitchburg, MA 1420	January 01, 1877	Full Service Brick and Mortar
1	277996	Great Road Branch	149 Great Road, Stow, MA 1775	January 01, 1877	Full Service Brick and Mortar
3	277997	129 Chestnut Street Branch	129 Chestnut Street, Needham, MA 2492	January 01, 1877	Full Service Brick and Mortar

Family Federal Savings, F.A. in Fitchburg, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Family Federal Savings, F.A. - 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:

Family Federal Savings, F.A. in Fitchburg, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

Family Federal Savings, F.A. - 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:

Family Federal Savings, F.A. in Fitchburg, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches