FDIC Certificate #: 23299 Status: Active Federal Reserve ID: 774105 Bank Holding Company (Regulatory Top Holder): Mountainone Financial Partners, Mhc (RSSDID: 2634212, Location: North Adams, MA) Date Established: April 06, 1892 WWW:http://www.williamstownsavings.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12136 FDIC's unique #: 16332 Numeric code: 41 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: Mortgage Lending Specialization Date of Deposit Insurance: January 02, 1981 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 795 Main Street, Williamstown, MA 1267 County: Berkshire 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 Core Based Statistical Area (CBSA): Pittsfield, MA (#38340) CBSA Metro Statistical Area: Pittsfield, MA (#38340)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $219.1 mil Equity capital: $15.6 mil Deposits held in domestic offices: $150.1 mil Return on assets (ROA): -0.93% (-$2.0 mil) Quarterly return on assets: -3.77% (-$8.3 mil) Return on Equity (ROE): -12.31% (-$2.0 mil) Quarterly return on equity: -50.23% (-$8.0 mil) Net income: -$2.1 mil Quarterly Net income: -$2.1 mil Pretax return on assets: -1.71% (-$3,747.4 mil) Quarterly Pretax return on assets: -6.74% (-$14,770.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
28Total employees (full-time equivalent)
$219,149Total assets
$10,310Cash and due from depository institutions
$9,273Interest-bearing balances
$58,337Securities
$19,504Federal funds sold & reverse repurchase agreements
$112,562Net loans & leases
$1,279Loan loss allowance
$0Trading account assets
$2,059Bank premises and fixed assets
$700Other real estate owned
$344Goodwill and other intangibles
$219,149Life insurance assets
$15,333All other assets
$203,599Total liabilities and capital
$150,089Total liabilities
$134,298Total deposits
$150,089Interest-bearing deposits
$81Deposits held in domestic offices
991.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$44,851Trading liabilities
$2,000Other borrowed funds
$5,668Subordinated debt
$15,550All other liabilities
$15,550Total equity capital
$15,550Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$0Surplus
$15,050Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,412Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,884Income earned, not collected on loans
$0Earning assets
$599Long-term assets (5+ years)
$199,676Average Assets, year-to-date
$88,876Average Assets, quarterly
$224,739Volatile liabilities
$218,634Insider loans
$152,707FHLB advances
$212,535Loans and leases held for sale
$2,677Unused loan commitments
$2,677Tier 1 (core) risk-based capital
$12,431Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$26,179Restructured Loans and leases
$2,253Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$7,285Total interest income
$2,952Total interest expense
$4,333Net interest income
$2,836Provision for loan and lease losses
$763Total noninterest income
$0Fiduciary activities
$174Service charges on deposit accounts
$0Trading account gains & fees
$589Additional noninterest income
$5,160Total noninterest expense
$1,697Salaries and employee benefits
$409Premises and equipment expense
$3,054Additional noninterest expense
-$2,900Pre-tax net operating income
-$946Securities gains (losses)
-$1,763Applicable income taxes
-$2,083Income before extraordinary items
$0Extraordinary gains - net
-$2,083Net income attributable to bank
$0Net charge-offs
-$2,083Cash dividends
$2,761Sale, conversion, retirement of capital stock, net
$48Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.52%Yield on earning assets
1.43%Cost of funding earning assets
2.10%Net interest margin
0.37%Noninterest income to earning assets
2.50%Noninterest expense to earning assets
-0.66%Net operating income to assets
-0.93%Return on assets (ROA)
-1.71%Pretax return on assets
-12.31%Return on equity (ROE)
-12.59%Retained earnings to average equity (YTD only)
2.37%Net charge-offs to loans
102.72%Credit loss provision to net charge-offs
-0.02%Efficiency ratio
101,256Assets per employee
7.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
-2.30%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
32.93%Noncurrent assets plus other real estate owned to assets
2.29%Noncurrent loans to loans
3.41%Net loans and leases to deposits
75.00%Net loans and leases to core deposits
76.31%Equity capital to assets
7.10%Core capital (leverage) ratio
5.85%Tier 1 risk-based capital ratio
8.14%Total risk-based capital ratio
Memoranda
$10Average assets
$224,739Average earning assets
$16,922Average equity
$206,785Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
16332
Williamstown Savings Bank
795 Main Street, Williamstown, MA 1267
April 06, 1892
Full Service Brick and Mortar
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