Saugusbank, a Co-operative bank in city_name, state_name - Detailed Financial Reports, Location

Saugusbank, a Co-operative bank in Saugus, Massachusetts (MA)
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Saugusbank, a Co-operative bank routing number info

Saugusbank, a Co-operative bank - Overview

General
FDIC Certificate #: 26574
Status: Active
Federal Reserve ID: 158974
Date Established: January 01, 1911
WWW: http://www.saugusbank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 8076
FDIC's unique #: 35275
Numeric code: 42
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: Febuary 27, 1986
Last Structure Change Effective Date: March 30, 2007
Last Structure Change Process Date: March 30, 2007
Last Data Update: March 30, 2007
Data Source Date: April 05, 2012
Location
Address: 489 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: $207.8 mil
Equity capital: $16.5 mil
Deposits held in domestic offices: $169.8 mil
Return on assets (ROA): 0.37% ($0.8 mil)
Quarterly return on assets: 0.42% ($0.9 mil)
Return on Equity (ROE): 4.58% ($0.7 mil)
Quarterly return on equity: 5.24% ($0.8 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.51% ($1,060.0 mil)
Quarterly Pretax return on assets: 0.58% ($1,205.5 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
38Total employees (full-time equivalent)
$207,841Total assets
$25,072Cash and due from depository institutions
$22,964Interest-bearing balances
$48,752Securities
$0Federal funds sold & reverse repurchase agreements
$119,134Net loans & leases
$2,005Loan loss allowance
$0Trading account assets
$3,512Bank premises and fixed assets
$1,068Other real estate owned
$0Goodwill and other intangibles
$207,841Life insurance assets
$10,303All other assets
$191,347Total liabilities and capital
$169,765Total liabilities
$155,315Total deposits
$169,765Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$19,300Trading liabilities
$0Other borrowed funds
$2,282Subordinated debt
$16,494All other liabilities
$16,494Total equity capital
$16,494Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$16,540Surplus
$-46Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,039Income earned, not collected on loans
$0Earning assets
$693Long-term assets (5+ years)
$190,850Average Assets, year-to-date
$46,635Average Assets, quarterly
$201,861Volatile liabilities
$206,949Insider loans
$128,334FHLB advances
$207,010Loans and leases held for sale
$4,187Unused loan commitments
$4,187Tier 1 (core) risk-based capital
$15,926Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$22,602Restructured Loans and leases
$624Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$8,406Total interest income
$2,552Total interest expense
$5,854Net interest income
$241Provision for loan and lease losses
$806Total noninterest income
$0Fiduciary activities
$322Service charges on deposit accounts
$0Trading account gains & fees
$484Additional noninterest income
$5,398Total noninterest expense
$2,950Salaries and employee benefits
$943Premises and equipment expense
$1,505Additional noninterest expense
$1,021Pre-tax net operating income
$14Securities gains (losses)
$292Applicable income taxes
$743Income before extraordinary items
$0Extraordinary gains - net
$743Net income attributable to bank
$0Net charge-offs
$743Cash dividends
$287Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.56%Yield on earning assets
1.38%Cost of funding earning assets
3.18%Net interest margin
0.44%Noninterest income to earning assets
2.93%Noninterest expense to earning assets
0.36%Net operating income to assets
0.37%Return on assets (ROA)
0.51%Pretax return on assets
4.58%Return on equity (ROE)
4.58%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
83.97%Credit loss provision to net charge-offs
4.40%Efficiency ratio
81,051Assets per employee
5.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.66%Loss allowance to noncurrent loans
98.33%Noncurrent assets plus other real estate owned to assets
1.49%Noncurrent loans to loans
1.68%Net loans and leases to deposits
70.18%Net loans and leases to core deposits
72.82%Equity capital to assets
7.94%Core capital (leverage) ratio
7.69%Tier 1 risk-based capital ratio
12.41%Total risk-based capital ratio
Memoranda
$14Average assets
$201,861Average earning assets
$16,207Average equity
$184,271Average loans

List of branches

3 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	35275	Saugusbank, A Co-Operative Bank	489 Lincoln Avenue, Saugus, MA 1906	January 01, 1911	Full Service Brick and Mortar
2	259720	Saugus Branch	One Hamilton Street, Saugus, MA 1906	May 15, 1988	Full Service Brick and Mortar
3	456675	Lynn Fells Parkway Branch	412 Lynn Fells Parkway, Saugus, MA 1906	November 06, 2006	Full Service Brick and Mortar

Saugusbank, a Co-operative bank in Saugus, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Saugusbank, a Co-operative bank - 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:

Saugusbank, a Co-operative bank in Saugus, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

Saugusbank, a Co-operative bank - 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:

Saugusbank, a Co-operative bank in Saugus, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches