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

This bank is inactive as of May 23, 1994

  • Peoples Savings Bank in Worcester, Massachusetts (MA)
  • Show street view No street view available for this location

Peoples Savings Bank - Overview

  • General
  • FDIC Certificate #: 23464
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank of Massachusetts (#19429)
    Federal Reserve ID: 652904
    Date Established: May 15, 1851
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 23 (Interstate: No)
    OTS Docket #: 8370
    FDIC's unique #: 16444
    Numeric code: 41
    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, 1981
    Last Structure Change Effective Date: May 23, 1994
    Last Structure Change Process Date: June 07, 1994
    Last Data Update: June 07, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 Front 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: $853.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $242Total assets
  • $873,887Cash and due from depository institutions
  • $30,017Interest-bearing balances
  • $10,611Securities
  • $361,770Federal funds sold & reverse repurchase agreements
  • $4,000Net loans & leases
  • $455,158Loan loss allowance
  • $5,567Trading account assets
  • $0Bank premises and fixed assets
  • $10,033Other real estate owned
  • $2,118Goodwill and other intangibles
  • $8,485Life insurance assets
  • $2,306All other assets
  • $0Total liabilities and capital
  • $873,887Total liabilities
  • $783,715Total deposits
  • $779,393Interest-bearing deposits
  • $744,256Deposits held in domestic offices
  • 779393.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $4,322Total equity capital
  • $4,322Total bank equity capital
  • $90,172Perpetual preferred stock
  • $0Common stock
  • $330Surplus
  • $38,247Undivided profits
  • Memoranda
  • $51,595Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,908Income earned, not collected on loans
  • $2,195Earning assets
  • $831,539Long-term assets (5+ years)
  • $347,880Average Assets, year-to-date
  • $896,992Average Assets, quarterly
  • $882,308Volatile liabilities
  • $25,203Insider loans
  • $2,132FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $93,648Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $85,084Total risk weighted assets
  • $417,294Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $59,055Total interest expense
  • $22,456Net interest income
  • $36,599Provision for loan and lease losses
  • $1,000Total noninterest income
  • $4,256Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,212Trading account gains & fees
  • $0Additional noninterest income
  • $2,044Total noninterest expense
  • $24,680Salaries and employee benefits
  • $12,143Premises and equipment expense
  • $4,021Additional noninterest expense
  • $8,516Pre-tax net operating income
  • $15,175Securities gains (losses)
  • $3,092Applicable income taxes
  • $7,782Income before extraordinary items
  • $10,485Extraordinary gains - net
  • $0Net income attributable to bank
  • $10,485Net charge-offs
  • $539Cash dividends
  • $4,400Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.92%Cost of funding earning assets
  • 2.63%Net interest margin
  • 4.29%Noninterest income to earning assets
  • 0.50%Noninterest expense to earning assets
  • 2.89%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 2.04%Return on equity (ROE)
  • 12.33%Retained earnings to average equity (YTD only)
  • 7.15%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 185.53%Efficiency ratio
  • 58,911Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.96%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 191.44%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 58.40%Net loans and leases to core deposits
  • 60.35%Equity capital to assets
  • 10.32%Core capital (leverage) ratio
  • 9.62%Tier 1 risk-based capital ratio
  • 20.39%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $896,992Average earning assets
  • $85,049Average equity
  • $853,522Average 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 Peoples 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.
Table of Contents