Great Barrington Savings Bank in Great Barrington, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 1997

Great Barrington Savings Bank in Great Barrington, Massachusetts (MA)
Show street view No street view available for this location

Great Barrington Savings Bank - Overview

General
FDIC Certificate #: 90204
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Berkshire Bank (#23621)
Federal Reserve ID: 660002
Date Established: Febuary 23, 1869
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 8379
FDIC's unique #: 17795
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: July 01, 1985
Last Structure Change Effective Date: May 01, 1997
Last Structure Change Process Date: May 14, 1997
Last Data Update: May 14, 1997
Data Source Date: April 05, 2012
Location
Address: 244 Main Street, Great Barrington, MA 1230
County: Berkshire
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
Core Based Statistical Area (CBSA): Pittsfield, MA (#38340)
CBSA Metro Statistical Area: Pittsfield, MA (#38340)
Financial Summary
Total assets: $284.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$81Total assets
$286,341Cash and due from depository institutions
$6,216Interest-bearing balances
$1Securities
$76,717Federal funds sold & reverse repurchase agreements
$1,116Net loans & leases
$194,741Loan loss allowance
$1,583Trading account assets
$0Bank premises and fixed assets
$4,260Other real estate owned
$300Goodwill and other intangibles
$2,991Life insurance assets
$0All other assets
$0Total liabilities and capital
$286,341Total liabilities
$243,511Total deposits
$226,696Interest-bearing deposits
$215,583Deposits held in domestic offices
226696.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$6,340Trading liabilities
$0Other borrowed funds
$3,523Subordinated debt
$0All other liabilities
$6,952Total equity capital
$6,952Total bank equity capital
$42,830Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$42,830Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,340Income earned, not collected on loans
$1,125Earning assets
$272,575Long-term assets (5+ years)
$94,261Average Assets, year-to-date
$278,073Average Assets, quarterly
$284,635Volatile liabilities
$41,008Insider loans
$10,011FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$13,578Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$32,228Total risk weighted assets
$162,744Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$20,413Total interest expense
$10,176Net interest income
$10,237Provision for loan and lease losses
$240Total noninterest income
$973Fiduciary activities
$346Service charges on deposit accounts
$331Trading account gains & fees
$0Additional noninterest income
$296Total noninterest expense
$7,149Salaries and employee benefits
$4,268Premises and equipment expense
$851Additional noninterest expense
$2,030Pre-tax net operating income
$3,821Securities gains (losses)
$1,360Applicable income taxes
$1,781Income before extraordinary items
$3,400Extraordinary gains - net
$0Net income attributable to bank
$3,400Net charge-offs
$221Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.75%Cost of funding earning assets
3.86%Net interest margin
3.89%Noninterest income to earning assets
0.37%Noninterest expense to earning assets
2.71%Net operating income to assets
0.90%Return on assets (ROA)
1.22%Pretax return on assets
1.86%Return on equity (ROE)
8.60%Retained earnings to average equity (YTD only)
8.60%Net charge-offs to loans
0.11%Credit loss provision to net charge-offs
108.60%Efficiency ratio
63,773Assets per employee
3.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
118.13%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.68%Net loans and leases to deposits
85.90%Net loans and leases to core deposits
100.91%Equity capital to assets
14.96%Core capital (leverage) ratio
11.94%Tier 1 risk-based capital ratio
19.80%Total risk-based capital ratio
Memoranda
$21Average assets
$278,073Average earning assets
$39,513Average equity
$263,497Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Great Barrington Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.