Springfield Savings and Loan Association in Springfield, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1994

Springfield Savings and Loan Association in Springfield, Vermont (VT)
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Springfield Savings and Loan Association - Overview

General
FDIC Certificate #: 30378
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Brattleboro Savings and Loan Association (#28837)
Federal Reserve ID: 164676
Date Established: January 01, 1910
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 5253
FDIC's unique #: 43212
Numeric code: 36
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: June 18, 1959
Last Structure Change Effective Date: November 01, 1994
Last Structure Change Process Date: December 05, 1994
Last Data Update: December 05, 1994
Data Source Date: April 05, 2012
Location
Address: 24 Park Street, Springfield, VT 5156
County: Windsor
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
Combined Statistical Area (CSA): Claremont-Lebanon, NH-VT (#180)
Core Based Statistical Area (CBSA): Lebanon, NH-VT (#30100)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $16.4 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)
$8Total assets
$17,388Cash and due from depository institutions
$1,769Interest-bearing balances
$1,614Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$14,656Loan loss allowance
$124Trading account assets
$0Bank premises and fixed assets
$569Other real estate owned
$73Goodwill and other intangibles
$321Life insurance assets
$0All other assets
$0Total liabilities and capital
$17,388Total liabilities
$16,484Total deposits
$16,436Interest-bearing deposits
$16,024Deposits held in domestic offices
16436.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$48Total equity capital
$48Total bank equity capital
$904Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$904Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$108Income earned, not collected on loans
$69Earning assets
$16,270Long-term assets (5+ years)
$0Average Assets, year-to-date
$19,151Average Assets, quarterly
$17,711Volatile liabilities
$405Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$904Total risk weighted assets
$8,444Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,345Total interest expense
$740Net interest income
$605Provision for loan and lease losses
$158Total noninterest income
$33Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$22Total noninterest expense
$593Salaries and employee benefits
$297Premises and equipment expense
$155Additional noninterest expense
$141Pre-tax net operating income
-$113Securities gains (losses)
$0Applicable income taxes
-$18Income before extraordinary items
-$95Extraordinary gains - net
$0Net income attributable to bank
-$95Net charge-offs
$6Cash 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
7.53%Cost of funding earning assets
4.14%Net interest margin
3.38%Noninterest income to earning assets
0.18%Noninterest expense to earning assets
3.32%Net operating income to assets
-0.50%Return on assets (ROA)
-0.50%Pretax return on assets
-0.59%Return on equity (ROE)
-10.10%Retained earnings to average equity (YTD only)
-10.10%Net charge-offs to loans
0.04%Credit loss provision to net charge-offs
2633.33%Efficiency ratio
92,947Assets per employee
2.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
114.81%Noncurrent assets plus other real estate owned to assets
0.86%Noncurrent loans to loans
0.73%Net loans and leases to deposits
89.17%Net loans and leases to core deposits
91.42%Equity capital to assets
5.20%Core capital (leverage) ratio
5.20%Tier 1 risk-based capital ratio
10.71%Total risk-based capital ratio
Memoranda
$12Average assets
$19,151Average earning assets
$940Average equity
$17,873Average loans

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