Athol Savings Bank in Athol, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Athol Savings Bank - Overview

  • General
  • FDIC Certificate #: 90146
    Status: Active
    Federal Reserve ID: 408307
    Date Established: Febuary 12, 1867
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 14766
    FDIC's unique #: 17741
    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: September 10, 1985
    Last Structure Change Effective Date: March 03, 2008
    Last Structure Change Process Date: March 03, 2008
    Last Data Update: March 03, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 444 Main Street, Athol, MA 1331
    County: Worcester
    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): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Worcester, MA (#49340)
    CBSA Metro Statistical Area: Worcester, MA (#49340)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $327.4 mil
    Equity capital: $43.9 mil
    Deposits held in domestic offices: $277.2 mil
    Return on assets (ROA): 0.57% ($1.9 mil)
    Quarterly return on assets: 0.55% ($1.8 mil)
    Return on Equity (ROE): 4.43% ($1.9 mil)
    Quarterly return on equity: 4.21% ($1.9 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.83% ($2,717.4 mil)
    Quarterly Pretax return on assets: 0.81% ($2,651.9 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
  • 82Total employees (full-time equivalent)
  • $327,398Total assets
  • $14,622Cash and due from depository institutions
  • $9,930Interest-bearing balances
  • $119,194Securities
  • $3,933Federal funds sold & reverse repurchase agreements
  • $173,110Net loans & leases
  • $1,746Loan loss allowance
  • $0Trading account assets
  • $4,102Bank premises and fixed assets
  • $140Other real estate owned
  • $20Goodwill and other intangibles
  • $327,398Life insurance assets
  • $12,277All other assets
  • $283,526Total liabilities and capital
  • $277,217Total liabilities
  • $250,034Total deposits
  • $277,217Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $0Other borrowed funds
  • $2,809Subordinated debt
  • $43,872All other liabilities
  • $43,872Total equity capital
  • $43,872Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $39,686Surplus
  • $4,186Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $964Income earned, not collected on loans
  • $0Earning assets
  • $918Long-term assets (5+ years)
  • $306,167Average Assets, year-to-date
  • $202,500Average Assets, quarterly
  • $328,736Volatile liabilities
  • $332,262Insider loans
  • $165,285FHLB advances
  • $331,364Loans and leases held for sale
  • $8,324Unused loan commitments
  • $8,324Tier 1 (core) risk-based capital
  • $41,563Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,416Restructured Loans and leases
  • $4,327Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,955Total interest income
  • $2,145Total interest expense
  • $9,810Net interest income
  • $315Provision for loan and lease losses
  • $3,287Total noninterest income
  • $0Fiduciary activities
  • $1,990Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,297Additional noninterest income
  • $10,126Total noninterest expense
  • $5,338Salaries and employee benefits
  • $1,247Premises and equipment expense
  • $3,541Additional noninterest expense
  • $2,656Pre-tax net operating income
  • $76Securities gains (losses)
  • $855Applicable income taxes
  • $1,877Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,877Net income attributable to bank
  • $0Net charge-offs
  • $1,877Cash dividends
  • $630Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.90%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 3.20%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 4.43%Return on equity (ROE)
  • 4.43%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 50.00%Credit loss provision to net charge-offs
  • 4.72%Efficiency ratio
  • 77,315Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 181.12%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 62.45%Net loans and leases to core deposits
  • 68.10%Equity capital to assets
  • 13.40%Core capital (leverage) ratio
  • 12.54%Tier 1 risk-based capital ratio
  • 25.15%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $328,736Average earning assets
  • $42,349Average equity
  • $306,176Average loans

List of branches

  • 8 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017741Athol Savings Bank444 Main Street, Athol, MA 1331Febuary 12, 1867Full Service Brick and Mortar
    1290966Athol Branch1499 Main Street, Athol, MA 1331Febuary 07, 1991Full Service Brick and Mortar
    21657Main Street Branch388 Main Street, Athol, MA 1331July 15, 1933Full Service Brick and Mortar
    317896Winchendon Branch112 Central Street, Winchendon, MA 1475March 31, 1854Full Service Brick and Mortar
    4291565Baldwinville Branch22 Elm Street, Baldwinville, MA 1436March 01, 1978Full Service Brick and Mortar
    5291152Ashburnham Branch52 Main Street, Ashburnham, MA 1430September 15, 1972Full Service Brick and Mortar
    6360611Gardner Branch196 Timpany Boulevard, Gardner, MA 1440December 12, 2000Full Service Brick and Mortar
    8366329Barre Branch560 Summer Street, Barre, MA 1005January 21, 2003Full Service Brick and Mortar

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