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

Barre Savings Bank - Overview

  • General
  • FDIC Certificate #: 90148
    Status: Active
    Federal Reserve ID: 127701
    Date Established: May 01, 1869
    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
  • Location
  • Address: 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 Changes
  • Change in Location
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total 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
  • 37Total employees (full-time equivalent)
  • $144,344Total assets
  • $4,149Cash and due from depository institutions
  • $1,576Interest-bearing balances
  • $25,519Securities
  • $1,290Federal funds sold & reverse repurchase agreements
  • $103,463Net loans & leases
  • $2,503Loan loss allowance
  • $0Trading account assets
  • $3,129Bank premises and fixed assets
  • $166Other real estate owned
  • $0Goodwill and other intangibles
  • $144,344Life insurance assets
  • $6,628All other assets
  • $130,470Total liabilities and capital
  • $108,511Total liabilities
  • $97,720Total deposits
  • $108,511Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,500Trading liabilities
  • $0Other borrowed funds
  • $1,459Subordinated debt
  • $13,874All other liabilities
  • $13,874Total equity capital
  • $13,874Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $12,635Surplus
  • $1,239Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,058Income earned, not collected on loans
  • $25Earning assets
  • $361Long-term assets (5+ years)
  • $131,848Average Assets, year-to-date
  • $86,529Average Assets, quarterly
  • $144,590Volatile liabilities
  • $144,192Insider loans
  • $94,996FHLB advances
  • $140,578Loans and leases held for sale
  • $2,629Unused loan commitments
  • $2,629Tier 1 (core) risk-based capital
  • $12,299Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,011Restructured Loans and leases
  • $2,327Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,090Total interest income
  • $1,433Total interest expense
  • $4,657Net interest income
  • $120Provision for loan and lease losses
  • $589Total noninterest income
  • $0Fiduciary activities
  • $253Service charges on deposit accounts
  • $0Trading account gains & fees
  • $336Additional noninterest income
  • $4,647Total noninterest expense
  • $2,240Salaries and employee benefits
  • $567Premises and equipment expense
  • $1,840Additional noninterest expense
  • $479Pre-tax net operating income
  • $198Securities gains (losses)
  • $127Applicable income taxes
  • $550Income before extraordinary items
  • $0Extraordinary gains - net
  • $550Net income attributable to bank
  • $0Net charge-offs
  • $550Cash dividends
  • $768Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 3.52%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 4.11%Return on equity (ROE)
  • 4.11%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 15.63%Credit loss provision to net charge-offs
  • 0.78%Efficiency ratio
  • 88,582Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 49.49%Noncurrent assets plus other real estate owned to assets
  • 3.62%Noncurrent loans to loans
  • 4.77%Net loans and leases to deposits
  • 95.35%Net loans and leases to core deposits
  • 97.42%Equity capital to assets
  • 9.61%Core capital (leverage) ratio
  • 8.75%Tier 1 risk-based capital ratio
  • 12.95%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $144,590Average earning assets
  • $13,385Average equity
  • $132,017Average loans

List of branches

  • 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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