Barre Savings Bank in Barre, Massachusetts (MA)



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Barre Savings Bank
GeneralFDIC Certificate #: 90148
Status: Active
Federal Reserve ID: 127701
Date Established: May 01, 1869
WWW: http://www.barrebank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 12199
FDIC's unique #: 17743
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: August 27, 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
LocationAddress: 56 Common St, Barre, MA 1005
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
Metropolitan Statistical Area (MSA): Worcester, MA-CT (#9240)
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): Worcester, MA (#49340)
CBSA Metro Statistical Area: Worcester, MA (#49340)
History of ChangesChange in Location
Change in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $144.3 mil
Equity capital: $13.9 mil
Deposits held in domestic offices: $108.5 mil
Return on assets (ROA): 0.38% ($0.5 mil)
Quarterly return on assets: 0.59% ($0.8 mil)
Return on Equity (ROE): 4.11% ($0.6 mil)
Quarterly return on equity: 6.20% ($0.9 mil)
Net income: $0.6 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.47% ($678.4 mil)
Quarterly Pretax return on assets: 0.82% ($1,183.6 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)
Total employees (full-time equivalent)37
Total assets$144,344
Cash and due from depository institutions$4,149
Interest-bearing balances$1,576
Securities$25,519
Federal funds sold & reverse repurchase agreements$1,290
Net loans & leases$103,463
Loan loss allowance $2,503
Trading account assets$0
Bank premises and fixed assets$3,129
Other real estate owned$166
Goodwill and other intangibles$0
All other assets$6,628
Life insurance assets$144,344
Total liabilities and capital$130,470
Total liabilities$108,511
Total deposits$97,720
Interest-bearing deposits$108,511
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$20,500
Other borrowed funds $0
Subordinated debt $1,459
All other liabilities $13,874
Total equity capital$13,874
Total bank equity capital$13,874
Perpetual preferred stock$0
Common stock$0
Surplus$12,635
Undivided profits $1,239
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $5,058
Earning assets $25
Long-term assets (5+ years) $361
Average Assets, year-to-date $131,848
Average Assets, quarterly $86,529
Volatile liabilities $144,590
Insider loans $144,192
FHLB advances $94,996
Loans and leases held for sale $140,578
Unused loan commitments $2,629
Tier 1 (core) risk-based capital $2,629
Tier 2 risk-based capital $12,299
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $16,011
Derivatives$2,327
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,090
Total interest expense $1,433
Net interest income $4,657
Provision for loan and lease losses $120
Total noninterest income $589
Fiduciary activities $0
Service charges on deposit accounts $253
Trading account gains & fees $0
Additional noninterest income $336
Total noninterest expense $4,647
Salaries and employee benefits $2,240
Premises and equipment expense $567
Additional noninterest expense $1,840
Pre-tax net operating income $479
Securities gains (losses) $198
Applicable income taxes $127
Income before extraordinary items $550
Extraordinary gains - net $0
Net income attributable to bank $550
Net charge-offs $0
Cash dividends $550
Sale, conversion, retirement of capital stock, net $768
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.61%
Cost of funding earning assets 1.09%
Net interest margin 3.53%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 3.52%
Net operating income to assets 0.27%
Return on assets (ROA) 0.38%
Pretax return on assets 0.47%
Return on equity (ROE) 4.11%
Retained earnings to average equity (YTD only) 4.11%
Net charge-offs to loans 0.71%
Credit loss provision to net charge-offs 15.63%
Efficiency ratio0.78%
Assets per employee$88,582
Cash dividends to net income (YTD only)3.90%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.36%
Noncurrent assets plus other real estate owned to assets 49.49%
Noncurrent loans to loans 3.62%
Net loans and leases to deposits4.77%
Net loans and leases to core deposits 95.35%
Equity capital to assets 97.42%
Core capital (leverage) ratio 9.61%
Tier 1 risk-based capital ratio 8.75%
Total risk-based capital ratio 12.95%
Memoranda
Average assets$14
Average earning assets$144,590
Average equity $13,385
Average loans $132,017
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3 Massachusetts Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
017743Barre Savings Bank56 Common St, Barre, MA 1005May 01, 1869Full Service Brick and Mortar
1290969Paxton Branch713 Pleasant Street, Paxton, MA 1612June 24, 1991Full Service Brick and Mortar
2290970Princeton Branch206 Worcester Road, Princeton, MA 1541August 21, 1997Full Service Brick and Mortar
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