Waterville Savings and Loan Association in Waterville, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 17, 1995

Waterville Savings and Loan Association in Waterville, Maine (ME)
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Waterville Savings and Loan Association - Overview

General
FDIC Certificate #: 28600
Status: Inactive
Closing history: Corrections
Acquiring institution: Kennebec Savings Bank (#17897)
Federal Reserve ID: 192875
Date Established: January 01, 1887
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 1930
FDIC's unique #: 41434
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: May 22, 1961
Last Structure Change Effective Date: June 17, 1995
Last Structure Change Process Date: July 19, 1995
Last Data Update: July 19, 1995
Data Source Date: April 05, 2012
Location
Address: Corner North & Main Streets, Waterville, ME 4901
County: Kennebec
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Concord
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Core Based Statistical Area (CBSA): Augusta-Waterville, ME (#12300)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $34.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$34,331Cash and due from depository institutions
$887Interest-bearing balances
$121Securities
$7,482Federal funds sold & reverse repurchase agreements
$500Net loans & leases
$24,484Loan loss allowance
$67Trading account assets
$0Bank premises and fixed assets
$225Other real estate owned
$239Goodwill and other intangibles
$514Life insurance assets
$0All other assets
$0Total liabilities and capital
$34,331Total liabilities
$29,704Total deposits
$29,655Interest-bearing deposits
$29,601Deposits held in domestic offices
29655.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$49Total equity capital
$49Total bank equity capital
$4,627Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$4,627Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$278Income earned, not collected on loans
$106Earning assets
$32,587Long-term assets (5+ years)
$0Average Assets, year-to-date
$35,097Average Assets, quarterly
$34,399Volatile liabilities
$3,054Insider loans
$103FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,353Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,627Total risk weighted assets
$14,243Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,338Total interest expense
$1,245Net interest income
$1,093Provision for loan and lease losses
$15Total noninterest income
$69Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$69Total noninterest expense
$656Salaries and employee benefits
$345Premises and equipment expense
$170Additional noninterest expense
$141Pre-tax net operating income
$491Securities gains (losses)
$0Applicable income taxes
$171Income before extraordinary items
$320Extraordinary gains - net
$0Net income attributable to bank
$320Net charge-offs
$1Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.99%Cost of funding earning assets
3.72%Net interest margin
3.27%Noninterest income to earning assets
0.21%Noninterest expense to earning assets
1.96%Net operating income to assets
0.91%Return on assets (ROA)
0.91%Pretax return on assets
1.40%Return on equity (ROE)
7.16%Retained earnings to average equity (YTD only)
7.16%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
1500.00%Efficiency ratio
56,454Assets per employee
4.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.27%Loss allowance to noncurrent loans
24.10%Noncurrent assets plus other real estate owned to assets
1.51%Noncurrent loans to loans
1.13%Net loans and leases to deposits
82.56%Net loans and leases to core deposits
92.04%Equity capital to assets
13.48%Core capital (leverage) ratio
13.48%Tier 1 risk-based capital ratio
32.49%Total risk-based capital ratio
Memoranda
$33Average assets
$35,097Average earning assets
$4,471Average equity
$33,426Average loans

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