Winter Hill Bank, FSB in Somerville, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Winter Hill Bank, FSB in Somerville, Massachusetts (MA)
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Winter Hill Bank, FSB - Overview

  • General
  • FDIC Certificate #: 28213
    Status: Active
    Federal Reserve ID: 822275
    Date Established: January 01, 1906
    WWW: http://www.winterhillbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 1149
    FDIC's unique #: 41047
    Numeric code: 34
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 11, 1937
    Last Structure Change Effective Date: Febuary 16, 2012
    Last Structure Change Process Date: Febuary 16, 2012
    Last Data Update: Febuary 16, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 342 Broadway, Somerville, MA 2145
    County: Middlesex
    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: Cambridge-Newton-Framingham, MA (#15764)
  • Financial Summary
  • Total assets: $256.4 mil
    Equity capital: $25.9 mil
    Deposits held in domestic offices: $222.8 mil
    Return on assets (ROA): 0.13% ($0.3 mil)
    Quarterly return on assets: 0.32% ($0.8 mil)
    Return on Equity (ROE): 1.36% ($0.4 mil)
    Quarterly return on equity: 3.18% ($0.8 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.29% ($743.5 mil)
    Quarterly Pretax return on assets: 0.62% ($1,589.5 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
  • 61Total employees (full-time equivalent)
  • $256,368Total assets
  • $34,202Cash and due from depository institutions
  • $24,064Interest-bearing balances
  • $44,953Securities
  • $3,086Federal funds sold & reverse repurchase agreements
  • $165,401Net loans & leases
  • $2,242Loan loss allowance
  • $0Trading account assets
  • $2,412Bank premises and fixed assets
  • $0Other real estate owned
  • $420Goodwill and other intangibles
  • $256,368Life insurance assets
  • $5,894All other assets
  • $230,512Total liabilities and capital
  • $222,803Total liabilities
  • $211,364Total deposits
  • $222,803Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $2,709Subordinated debt
  • $25,856All other liabilities
  • $25,856Total equity capital
  • $25,856Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $25,856Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $149Income earned, not collected on loans
  • $0Earning assets
  • $859Long-term assets (5+ years)
  • $237,504Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $261,470Volatile liabilities
  • $258,146Insider loans
  • $148,513FHLB advances
  • $255,523Loans and leases held for sale
  • $387Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,018Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,620Restructured Loans and leases
  • $7Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,725Total interest income
  • $2,257Total interest expense
  • $8,468Net interest income
  • $0Provision for loan and lease losses
  • $1,405Total noninterest income
  • $0Fiduciary activities
  • $391Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,014Additional noninterest income
  • $8,877Total noninterest expense
  • $6,256Salaries and employee benefits
  • $1,515Premises and equipment expense
  • $1,106Additional noninterest expense
  • $996Pre-tax net operating income
  • -$241Securities gains (losses)
  • $410Applicable income taxes
  • $345Income before extraordinary items
  • $0Extraordinary gains - net
  • $345Net income attributable to bank
  • $0Net charge-offs
  • $345Cash dividends
  • $208Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.45%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 0.19%Net operating income to assets
  • 0.13%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 1.36%Return on equity (ROE)
  • 1.36%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 4.79%Efficiency ratio
  • 89,912Assets per employee
  • 4.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 1504.70%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 74.24%Net loans and leases to core deposits
  • 75.47%Equity capital to assets
  • 10.09%Core capital (leverage) ratio
  • 9.79%Tier 1 risk-based capital ratio
  • 16.85%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $261,470Average earning assets
  • $25,294Average equity
  • $240,770Average loans

List of branches

  • 4 Massachusetts Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041047Winter Hill Bank, Fsb342 Broadway, Somerville, MA 2145January 01, 1906Full Service Brick and Mortar
    1265565Cutter Avenue Branch5 Cutter Avenue, Somerville, MA 2144January 01, 1906Full Service Brick and Mortar
    2265566265mainstreet Branch271 Main Street, North Reading, MA 1864January 01, 1906Full Service Brick and Mortar
    6428496Broadway Branch691 Broadway, Somerville, MA 2144Febuary 20, 2001Full Service Brick and Mortar

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