Adams Community Bank in Adams, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Adams Community Bank in Adams, Massachusetts (MA)
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Adams Community Bank - Overview

  • General
  • FDIC Certificate #: 90140
    Status: Active
    Federal Reserve ID: 343903
    Date Established: May 01, 1869
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Domestic: 4, Interstate: No)
    OTS Docket #: 12033
    FDIC's unique #: 17735
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 24, 1985
    Last Structure Change Effective Date: Febuary 25, 2012
    Last Structure Change Process Date: March 02, 2012
    Last Data Update: March 02, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 Center Street, Adams, MA 1220
    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
    Metropolitan Statistical Area (MSA): Pittsfield, MA (#6320)
    Core Based Statistical Area (CBSA): Pittsfield, MA (#38340)
    CBSA Metro Statistical Area: Pittsfield, MA (#38340)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $202.3 mil
    Equity capital: $25.8 mil
    Deposits held in domestic offices: $163.5 mil
    Return on assets (ROA): 0.29% ($0.6 mil)
    Quarterly return on assets: 0.11% ($0.2 mil)
    Return on Equity (ROE): 2.24% ($0.6 mil)
    Quarterly return on equity: 0.86% ($0.2 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.47% ($950.9 mil)
    Quarterly Pretax return on assets: 0.21% ($424.9 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
  • 44Total employees (full-time equivalent)
  • $202,323Total assets
  • $15,742Cash and due from depository institutions
  • $6,480Interest-bearing balances
  • $9,060Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $162,099Net loans & leases
  • $1,633Loan loss allowance
  • $0Trading account assets
  • $2,992Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $202,323Life insurance assets
  • $9,430All other assets
  • $176,535Total liabilities and capital
  • $163,543Total liabilities
  • $154,467Total deposits
  • $163,543Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,156Trading liabilities
  • $0Other borrowed funds
  • $2,836Subordinated debt
  • $25,788All other liabilities
  • $25,788Total equity capital
  • $25,788Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $25,788Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,931Income earned, not collected on loans
  • $0Earning assets
  • $487Long-term assets (5+ years)
  • $180,639Average Assets, year-to-date
  • $114,046Average Assets, quarterly
  • $203,005Volatile liabilities
  • $201,741Insider loans
  • $123,634FHLB advances
  • $199,985Loans and leases held for sale
  • $5,049Unused loan commitments
  • $2,525Tier 1 (core) risk-based capital
  • $25,857Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,524Total unused commitments
  • $17,040Restructured Loans and leases
  • $862Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,011Total interest income
  • $2,195Total interest expense
  • $6,816Net interest income
  • $217Provision for loan and lease losses
  • $627Total noninterest income
  • $0Fiduciary activities
  • $324Service charges on deposit accounts
  • $0Trading account gains & fees
  • $303Additional noninterest income
  • $6,279Total noninterest expense
  • $3,465Salaries and employee benefits
  • $722Premises and equipment expense
  • $2,092Additional noninterest expense
  • $947Pre-tax net operating income
  • $3Securities gains (losses)
  • $369Applicable income taxes
  • $581Income before extraordinary items
  • $0Extraordinary gains - net
  • $581Net income attributable to bank
  • $0Net charge-offs
  • $581Cash dividends
  • $138Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 2.24%Return on equity (ROE)
  • 2.24%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 157.25%Credit loss provision to net charge-offs
  • 8.43%Efficiency ratio
  • 84,361Assets per employee
  • 4.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 84.57%Noncurrent assets plus other real estate owned to assets
  • 0.95%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 99.12%Net loans and leases to core deposits
  • 103.30%Equity capital to assets
  • 12.75%Core capital (leverage) ratio
  • 12.93%Tier 1 risk-based capital ratio
  • 20.91%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $203,005Average earning assets
  • $25,910Average equity
  • $184,857Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $770Managed Assets
  • 1Number of Accounts
  • $770Personal trust and agency accounts
  • $770Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 153Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017735Adams Community Bank2 Center Street, Adams, MA 1220May 01, 1869Full Service Brick and Mortar
    1290950Cheshire BranchRichmond Street And State Road, Cheshire, MA 1225May 10, 1971Full Service Brick and Mortar
    2290951Williamstown Branch273 Main Street, Williamstown, MA 1267September 28, 1988Full Service Brick and Mortar
    3468990Lee Branch41 Park Street, Lee, MA 1238October 22, 2007Full Service Brick and Mortar
    435268Park Street Branch93 Park Street, Adams, MA 1220January 01, 1895Full Service Brick and Mortar
    5259711North Adams Branch31 Eagle Street, North Adams, MA 1247October 03, 1974Full Service Brick and Mortar
    6259712Lanesboro Branch545 South Main Street, Lanesboro, MA 1237January 01, 1999Full Service Brick and Mortar

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