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

Belmont Savings Bank - Overview

  • General
  • FDIC Certificate #: 23901
    Status: Active
    Federal Reserve ID: 348207
    Bank Holding Company (Regulatory Top Holder): Bsb Bancorp Inc. (RSSDID: 3929791, Location: Belmont, MA)
    Date Established: January 01, 1885
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11885
    FDIC's unique #: 16696
    Numeric code: 41
    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: Commercial Lending Specialization
    Date of Deposit Insurance: July 12, 1982
    Last Structure Change Effective Date: October 01, 2009
    Last Structure Change Process Date: December 23, 2009
    Last Data Update: December 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 Leonard Street, Belmont, MA 2478
    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)
  • History of Changes
  • Change in Entity Type
  • Financial Summary
  • Total assets: $668.5 mil
    Equity capital: $84.6 mil
    Deposits held in domestic offices: $472.9 mil
    Return on assets (ROA): 0.29% ($1.9 mil)
    Quarterly return on assets: 0.05% ($0.3 mil)
    Return on Equity (ROE): 3.15% ($2.7 mil)
    Quarterly return on equity: 0.49% ($0.4 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.44% ($2,941.3 mil)
    Quarterly Pretax return on assets: 0.08% ($534.8 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
  • 101Total employees (full-time equivalent)
  • $668,485Total assets
  • $22,795Cash and due from depository institutions
  • $18,723Interest-bearing balances
  • $89,510Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $525,841Net loans & leases
  • $4,776Loan loss allowance
  • $0Trading account assets
  • $2,000Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $668,485Life insurance assets
  • $28,339All other assets
  • $583,923Total liabilities and capital
  • $472,946Total liabilities
  • $417,188Total deposits
  • $472,946Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 2985.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $97,102Trading liabilities
  • $0Other borrowed funds
  • $10,890Subordinated debt
  • $84,562All other liabilities
  • $84,562Total equity capital
  • $84,562Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $84,625Surplus
  • $-64Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $15,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,517Income earned, not collected on loans
  • $0Earning assets
  • $2,185Long-term assets (5+ years)
  • $634,074Average Assets, year-to-date
  • $174,910Average Assets, quarterly
  • $587,288Volatile liabilities
  • $678,561Insider loans
  • $457,506FHLB advances
  • $643,787Loans and leases held for sale
  • $12,420Unused loan commitments
  • $12,420Tier 1 (core) risk-based capital
  • $82,569Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $139,406Restructured Loans and leases
  • $108Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,233Total interest income
  • $5,694Total interest expense
  • $16,539Net interest income
  • $2,285Provision for loan and lease losses
  • $1,691Total noninterest income
  • $0Fiduciary activities
  • $448Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,243Additional noninterest income
  • $16,150Total noninterest expense
  • $10,195Salaries and employee benefits
  • $923Premises and equipment expense
  • $5,032Additional noninterest expense
  • -$205Pre-tax net operating income
  • $2,790Securities gains (losses)
  • $867Applicable income taxes
  • $1,718Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,718Net income attributable to bank
  • $0Net charge-offs
  • $1,718Cash dividends
  • $398Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.03%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.00%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • -0.02%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 3.15%Return on equity (ROE)
  • 3.15%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 574.12%Credit loss provision to net charge-offs
  • 5.23%Efficiency ratio
  • 88,590Assets per employee
  • 6.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 105.73%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.85%Net loans and leases to deposits
  • 111.18%Net loans and leases to core deposits
  • 114.24%Equity capital to assets
  • 12.65%Core capital (leverage) ratio
  • 12.83%Tier 1 risk-based capital ratio
  • 18.05%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $587,288Average earning assets
  • $54,578Average equity
  • $551,491Average loans

List of branches

  • 4 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016696Belmont Savings Bank2 Leonard Street, Belmont, MA 2478January 01, 1885Full Service Brick and Mortar
    1290971Belmont Branch78 Trapelo Road, Belmont, MA 2478January 01, 1885Full Service Brick and Mortar
    2270214Trapelo Road Branch277 Trapelo Road, Belmont, MA 2478January 01, 1916Full Service Brick and Mortar
    4364143Watertown Square Branch53 Mount Auburn Street, Watertown, MA 2472September 10, 2001Full Service Brick and Mortar

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