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


Bridgewater Savings Bank - Overview

  • General
  • FDIC Certificate #: 90169
    Status: Active
    Federal Reserve ID: 699105
    Bank Holding Company (Regulatory Top Holder): Bridgewater Financial, Mhc (RSSDID: 3134102, Location: Raynham, MA)
    Date Established: March 19, 1872
    WWW: http://www.bridgewatersavings.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 8030
    FDIC's unique #: 17762
    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: June 20, 1985
    Last Structure Change Effective Date: January 01, 2010
    Last Structure Change Process Date: Febuary 03, 2010
    Last Data Update: Febuary 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 756 Orchard Street, Raynham, MA 2767
    County: Bristol
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Brockton, MA (#1200)
    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): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $491.1 mil
    Equity capital: $51.1 mil
    Deposits held in domestic offices: $376.9 mil
    Return on assets (ROA): 0.46% ($2.3 mil)
    Quarterly return on assets: 0.58% ($2.8 mil)
    Return on Equity (ROE): 4.58% ($2.3 mil)
    Quarterly return on equity: 5.57% ($2.8 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.57% ($2,799.2 mil)
    Quarterly Pretax return on assets: 0.80% ($3,928.7 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
  • 102Total employees (full-time equivalent)
  • $491,093Total assets
  • $9,314Cash and due from depository institutions
  • $5,724Interest-bearing balances
  • $165,586Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $283,307Net loans & leases
  • $3,072Loan loss allowance
  • $0Trading account assets
  • $12,657Bank premises and fixed assets
  • $1,112Other real estate owned
  • $1,142Goodwill and other intangibles
  • $491,093Life insurance assets
  • $17,975All other assets
  • $440,038Total liabilities and capital
  • $376,913Total liabilities
  • $340,945Total deposits
  • $376,913Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $54,703Trading liabilities
  • $0Other borrowed funds
  • $8,422Subordinated debt
  • $51,055All other liabilities
  • $51,055Total equity capital
  • $51,055Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $40,316Surplus
  • $10,738Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,317Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,345Income earned, not collected on loans
  • $844Earning assets
  • $2,111Long-term assets (5+ years)
  • $454,617Average Assets, year-to-date
  • $228,673Average Assets, quarterly
  • $489,663Volatile liabilities
  • $488,081Insider loans
  • $277,435FHLB advances
  • $479,144Loans and leases held for sale
  • $3,247Unused loan commitments
  • $3,247Tier 1 (core) risk-based capital
  • $45,410Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $53,468Restructured Loans and leases
  • $9,980Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,912Total interest income
  • $3,889Total interest expense
  • $16,023Net interest income
  • $705Provision for loan and lease losses
  • $3,261Total noninterest income
  • $544Fiduciary activities
  • $1,454Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,263Additional noninterest income
  • $16,145Total noninterest expense
  • $8,072Salaries and employee benefits
  • $2,760Premises and equipment expense
  • $5,313Additional noninterest expense
  • $2,434Pre-tax net operating income
  • $354Securities gains (losses)
  • $535Applicable income taxes
  • $2,253Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,253Net income attributable to bank
  • $0Net charge-offs
  • $2,253Cash dividends
  • $276Sale, conversion, retirement of capital stock, net
  • $356Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 4.58%Return on equity (ROE)
  • 3.85%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 255.43%Credit loss provision to net charge-offs
  • 11.37%Efficiency ratio
  • 83,722Assets per employee
  • 4.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.80%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 91.84%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.17%Net loans and leases to deposits
  • 75.17%Net loans and leases to core deposits
  • 79.98%Equity capital to assets
  • 10.40%Core capital (leverage) ratio
  • 9.48%Tier 1 risk-based capital ratio
  • 16.37%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $489,663Average earning assets
  • $49,213Average equity
  • $451,302Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $49,837Managed Assets
  • 1Number of Accounts
  • $49,196Personal trust and agency accounts
  • $34,691Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $7,327Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $4,641Other fiduciary accounts
  • $2,537Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 221Number of Accounts
  • $0Personal trust and agency accounts
  • $7,327Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $641Other retirement accounts
  • $207Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $405Fiduciary accounts held in foreign offices

List of branches

  • 10 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017762Bridgewater Savings Bank756 Orchard Street, Raynham, MA 2767March 19, 1872Full Service Brick and Mortar
    1291025West Center Street Branch120 West Center Street, West Bridgewater, MA 2379December 15, 1947Full Service Brick and Mortar
    3291027Lakeville Branch6 Main Street, Lakeville, MA 2346July 02, 1990Full Service Brick and Mortar
    4291028Bridgewater Branch1400 Pleasant Street, Bridgewater, MA 2324November 17, 1997Full Service Brick and Mortar
    5334337Bridgewater Center Branch14 Main Street, Bridgewater, MA 2324May 01, 2000Full Service Brick and Mortar
    6440863Taunton Branch2109 Bay Street, Taunton, MA 2780June 06, 2005Full Service Brick and Mortar
    7358088Carver Branch100 Main Street, Carver, MA 2330November 12, 1992Full Service Brick and Mortar
    817778Eastbridgewater Branch29 Bedford Street, East Bridgewater, MA 2333March 08, 1870Full Service Brick and Mortar
    9291093Pembroke BranchMattakeesett And Center Streets, Pembroke, MA 2359May 18, 1959Full Service Brick and Mortar
    10291094Hanson Branch909 High Street, Hanson, MA 2341October 29, 1990Full Service Brick and Mortar

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