Saugus Bank and Trust Company in Saugus, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 11, 1994

  • Saugus Bank and Trust Company in Saugus, Massachusetts (MA)
  • Show street view No street view available for this location

Saugus Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 9714
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Eastern Bank (#32773)
    Federal Reserve ID: 498607
    Date Established: June 15, 1928
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 6213
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 11, 1994
    Last Structure Change Process Date: January 17, 1995
    Last Data Update: January 17, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 460-472 Lincoln Avenue, Saugus, MA 1906
    County: Essex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    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): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Peabody, MA (#37764)
  • Financial Summary
  • Total assets: $193.4 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)
  • $90Total assets
  • $199,387Cash and due from depository institutions
  • $7,936Interest-bearing balances
  • $0Securities
  • $40,675Federal funds sold & reverse repurchase agreements
  • $10,300Net loans & leases
  • $130,060Loan loss allowance
  • $4,577Trading account assets
  • $0Bank premises and fixed assets
  • $4,572Other real estate owned
  • $3,362Goodwill and other intangibles
  • $2,482Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $199,387Total liabilities
  • $187,288Total deposits
  • $185,863Interest-bearing deposits
  • $158,694Deposits held in domestic offices
  • 185863.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $450Subordinated debt
  • $0All other liabilities
  • $975Total equity capital
  • $975Total bank equity capital
  • $12,099Perpetual preferred stock
  • $0Common stock
  • $2,548Surplus
  • $2,823Undivided profits
  • Memoranda
  • $6,728Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,464Income earned, not collected on loans
  • $696Earning assets
  • $181,035Long-term assets (5+ years)
  • $39,462Average Assets, year-to-date
  • $199,749Average Assets, quarterly
  • $199,837Volatile liabilities
  • $5,186Insider loans
  • $5,233FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $17,261Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,099Total risk weighted assets
  • $128,391Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $13,617Total interest expense
  • $5,503Net interest income
  • $8,114Provision for loan and lease losses
  • $1,837Total noninterest income
  • $1,420Fiduciary activities
  • $0Service charges on deposit accounts
  • $928Trading account gains & fees
  • $0Additional noninterest income
  • $492Total noninterest expense
  • $6,617Salaries and employee benefits
  • $3,199Premises and equipment expense
  • $530Additional noninterest expense
  • $2,888Pre-tax net operating income
  • $1,080Securities gains (losses)
  • $622Applicable income taxes
  • $655Income before extraordinary items
  • $1,047Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,047Net charge-offs
  • $2,350Cash dividends
  • $0Sale, 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
  • 7.46%Cost of funding earning assets
  • 3.02%Net interest margin
  • 4.45%Noninterest income to earning assets
  • 0.78%Noninterest expense to earning assets
  • 3.63%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 0.85%Return on equity (ROE)
  • 9.21%Retained earnings to average equity (YTD only)
  • 9.21%Net charge-offs to loans
  • 1.75%Credit loss provision to net charge-offs
  • 78.17%Efficiency ratio
  • 69,404Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.40%Loss allowance to noncurrent loans
  • 83.77%Noncurrent assets plus other real estate owned to assets
  • 4.43%Noncurrent loans to loans
  • 4.06%Net loans and leases to deposits
  • 69.98%Net loans and leases to core deposits
  • 71.81%Equity capital to assets
  • 6.07%Core capital (leverage) ratio
  • 6.08%Tier 1 risk-based capital ratio
  • 9.42%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $199,749Average earning assets
  • $11,372Average equity
  • $182,424Average loans

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