Biddeford Savings Bank in Biddeford, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

Biddeford Savings Bank - Overview

  • General
  • FDIC Certificate #: 17741
    Status: Active
    Federal Reserve ID: 499501
    Date Established: July 27, 1867
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 10536
    FDIC's unique #: 11697
    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: Commercial Lending Specialization
    Date of Deposit Insurance: April 04, 1957
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 254 Main Street, Biddeford, ME 4005
    County: York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
    Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
    CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $331.7 mil
    Equity capital: $32.8 mil
    Deposits held in domestic offices: $234.8 mil
    Return on assets (ROA): 0.23% ($0.8 mil)
    Quarterly return on assets: 0.26% ($0.9 mil)
    Return on Equity (ROE): 2.29% ($0.8 mil)
    Quarterly return on equity: 2.66% ($0.9 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.27% ($895.7 mil)
    Quarterly Pretax return on assets: 0.29% ($962.1 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
  • 65Total employees (full-time equivalent)
  • $331,747Total assets
  • $8,128Cash and due from depository institutions
  • $2,424Interest-bearing balances
  • $55,945Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $246,539Net loans & leases
  • $1,922Loan loss allowance
  • $27Trading account assets
  • $8,157Bank premises and fixed assets
  • $74Other real estate owned
  • $304Goodwill and other intangibles
  • $331,747Life insurance assets
  • $12,573All other assets
  • $298,972Total liabilities and capital
  • $234,759Total liabilities
  • $221,803Total deposits
  • $234,759Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 2384.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $58,513Trading liabilities
  • $0Other borrowed funds
  • $3,316Subordinated debt
  • $32,775All other liabilities
  • $32,775Total equity capital
  • $32,775Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $32,775Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $597Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,210Income earned, not collected on loans
  • $0Earning assets
  • $914Long-term assets (5+ years)
  • $304,935Average Assets, year-to-date
  • $175,279Average Assets, quarterly
  • $327,295Volatile liabilities
  • $334,846Insider loans
  • $227,255FHLB advances
  • $328,595Loans and leases held for sale
  • $2,022Unused loan commitments
  • $2,022Tier 1 (core) risk-based capital
  • $29,118Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $76,132Restructured Loans and leases
  • $2,103Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,066Total interest income
  • $4,575Total interest expense
  • $9,491Net interest income
  • $1,194Provision for loan and lease losses
  • $829Total noninterest income
  • $0Fiduciary activities
  • $210Service charges on deposit accounts
  • -$151Trading account gains & fees
  • $770Additional noninterest income
  • $8,557Total noninterest expense
  • $4,416Salaries and employee benefits
  • $1,254Premises and equipment expense
  • $2,887Additional noninterest expense
  • $569Pre-tax net operating income
  • $316Securities gains (losses)
  • $139Applicable income taxes
  • $746Income before extraordinary items
  • $0Extraordinary gains - net
  • $746Net income attributable to bank
  • $0Net charge-offs
  • $746Cash dividends
  • $757Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 1.52%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.27%Pretax return on assets
  • 2.29%Return on equity (ROE)
  • 2.29%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 157.73%Credit loss provision to net charge-offs
  • 2.33%Efficiency ratio
  • 82,917Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 45.65%Noncurrent assets plus other real estate owned to assets
  • 1.29%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 105.02%Net loans and leases to core deposits
  • 111.28%Equity capital to assets
  • 9.88%Core capital (leverage) ratio
  • 8.86%Tier 1 risk-based capital ratio
  • 12.81%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $327,295Average earning assets
  • $32,530Average equity
  • $300,400Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $18,558Managed Assets
  • 1Number of Accounts
  • $17,819Personal trust and agency accounts
  • $1,239Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,806Other retirement accounts
  • $1,021Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $12,753Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 36Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $739Other retirement accounts
  • $590Corporate trust and agency accounts
  • $149Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011697Biddeford Savings Bank254 Main Street, Biddeford, ME 4005July 27, 1867Full Service Brick and Mortar
    1242656Alfred Street BranchAlfred Street (Route 111), Biddeford, ME 4005June 09, 1980Full Service Brick and Mortar
    2242657Waterboro Branch846 Main Street, Waterboro, ME 4087March 08, 1995Full Service Brick and Mortar
    3446176Main Street Biddeford Branch234 Main Street, Biddeford, ME 4005November 28, 2005Full Service Brick and Mortar
    4454923Scarborough Branch360 Us Route One, Scarborough, ME 4074September 05, 2006Full Service Brick and Mortar
    5520025Kennebunk Branch65 Portland Road, Kennebunk, ME 4043April 28, 2011Full Service Brick and Mortar

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