Hoosac Bank in city_name, state_name - Detailed Financial Reports, Location

Hoosac Bank in North Adams, Massachusetts (MA)
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Hoosac Bank routing number info

Hoosac Bank - Overview

General
FDIC Certificate #: 90253
Status: Active
Federal Reserve ID: 97804
Bank Holding Company (Regulatory Top Holder): Mountainone Financial Partners, Mhc (RSSDID: 2634212, Location: North Adams, MA)
Date Established: January 01, 1848
WWW: http://www.hoosacbank.com
Trust Powers Granted: Yes
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 12401
FDIC's unique #: 17843
Numeric code: 41
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: July 19, 1985
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 93 Main Street, North Adams, MA 1247
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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $349.5 mil
Equity capital: $41.6 mil
Deposits held in domestic offices: $225.1 mil
Return on assets (ROA): -0.25% (-$0.9 mil)
Quarterly return on assets: -2.69% (-$9.4 mil)
Return on Equity (ROE): -2.05% (-$0.9 mil)
Quarterly return on equity: -21.90% (-$9.2 mil)
Net income: -$0.9 mil
Quarterly Net income: -$2.3 mil
Pretax return on assets: -0.53% (-$1,852.1 mil)
Quarterly Pretax return on assets: -4.79% (-$16,738.9 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
56Total employees (full-time equivalent)
$349,455Total assets
$9,358Cash and due from depository institutions
$7,567Interest-bearing balances
$104,241Securities
$0Federal funds sold & reverse repurchase agreements
$193,181Net loans & leases
$3,444Loan loss allowance
$0Trading account assets
$7,646Bank premises and fixed assets
$0Other real estate owned
$1,965Goodwill and other intangibles
$349,455Life insurance assets
$33,064All other assets
$307,807Total liabilities and capital
$225,127Total liabilities
$210,090Total deposits
$225,127Interest-bearing deposits
$78Deposits held in domestic offices
20356.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$56,979Trading liabilities
$1,029Other borrowed funds
$4,316Subordinated debt
$41,648All other liabilities
$41,648Total equity capital
$41,648Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$4,227Surplus
$37,421Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,900Income earned, not collected on loans
$75Earning assets
$1,218Long-term assets (5+ years)
$304,989Average Assets, year-to-date
$117,871Average Assets, quarterly
$347,845Volatile liabilities
$346,954Insider loans
$273,126FHLB advances
$338,948Loans and leases held for sale
$12,251Unused loan commitments
$12,251Tier 1 (core) risk-based capital
$34,549Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$34,965Restructured Loans and leases
$4,229Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$12,879Total interest income
$4,167Total interest expense
$8,712Net interest income
$3,975Provision for loan and lease losses
$9,221Total noninterest income
$0Fiduciary activities
$323Service charges on deposit accounts
$0Trading account gains & fees
$8,898Additional noninterest income
$14,848Total noninterest expense
$7,771Salaries and employee benefits
$1,982Premises and equipment expense
$5,095Additional noninterest expense
-$890Pre-tax net operating income
-$963Securities gains (losses)
-$980Applicable income taxes
-$873Income before extraordinary items
$0Extraordinary gains - net
-$873Net income attributable to bank
$0Net charge-offs
-$873Cash dividends
$3,862Sale, conversion, retirement of capital stock, net
$419Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.24%Yield on earning assets
1.37%Cost of funding earning assets
2.87%Net interest margin
3.04%Noninterest income to earning assets
4.89%Noninterest expense to earning assets
-0.07%Net operating income to assets
-0.25%Return on assets (ROA)
-0.53%Pretax return on assets
-2.05%Return on equity (ROE)
-3.03%Retained earnings to average equity (YTD only)
2.03%Net charge-offs to loans
102.93%Credit loss provision to net charge-offs
0.80%Efficiency ratio
82,423Assets per employee
6.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
-48.00%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
88.31%Noncurrent assets plus other real estate owned to assets
1.37%Noncurrent loans to loans
1.98%Net loans and leases to deposits
85.81%Net loans and leases to core deposits
104.15%Equity capital to assets
11.92%Core capital (leverage) ratio
10.19%Tier 1 risk-based capital ratio
12.65%Total risk-based capital ratio
Memoranda
$14Average assets
$347,845Average earning assets
$42,614Average equity
$303,585Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$801Managed Assets
1Number of Accounts
$801Personal trust and agency accounts
$801Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
156Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

2 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	17843	Hoosac Bank	93 Main Street, North Adams, MA 1247	January 01, 1848	Full Service Brick and Mortar
1	291377	Williamstown Branch	296 Main Street, Williamstown, MA 1267	May 04, 1999	Full Service Brick and Mortar

Hoosac Bank in North Adams, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Hoosac Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Hoosac Bank in North Adams, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

Hoosac Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Hoosac Bank in North Adams, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches