Bristol County Savings Bank in Taunton, Massachusetts (MA), RI
Overview, Financial Summary, Detailed Financial Reports, Branches

Bristol County Savings Bank - Overview

  • General
  • FDIC Certificate #: 23622
    Status: Active
    Federal Reserve ID: 13103
    Bank Holding Company (Regulatory Top Holder): Beacon Bancorp (RSSDID: 2388878, Location: Taunton, MA)
    Date Established: March 02, 1846
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: Yes)
    OTS Docket #: 8406
    FDIC's unique #: 16537
    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: January 02, 1982
    Last Structure Change Effective Date: July 31, 2007
    Last Structure Change Process Date: September 11, 2007
    Last Data Update: September 11, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 35 Broadway, Taunton, MA 2780
    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): 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): 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
  • Financial Summary
  • Total assets: $1,338.8 mil
    Equity capital: $176.4 mil
    Deposits held in domestic offices: $1,027.4 mil
    Return on assets (ROA): 0.66% ($8.8 mil)
    Quarterly return on assets: 0.57% ($7.6 mil)
    Return on Equity (ROE): 4.80% ($8.4 mil)
    Quarterly return on equity: 4.24% ($7.5 mil)
    Net income: $8.4 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 0.99% ($13,253.7 mil)
    Quarterly Pretax return on assets: 0.76% ($10,174.6 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
  • 318Total employees (full-time equivalent)
  • $1,338,757Total assets
  • $60,109Cash and due from depository institutions
  • $46,669Interest-bearing balances
  • $277,464Securities
  • $614Federal funds sold & reverse repurchase agreements
  • $934,238Net loans & leases
  • $9,659Loan loss allowance
  • $0Trading account assets
  • $16,974Bank premises and fixed assets
  • $3,327Other real estate owned
  • $11,406Goodwill and other intangibles
  • $1,338,757Life insurance assets
  • $34,625All other assets
  • $1,159,524Total liabilities and capital
  • $1,027,392Total liabilities
  • $992,992Total deposits
  • $1,027,392Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $107,737Trading liabilities
  • $0Other borrowed funds
  • $24,395Subordinated debt
  • $179,233All other liabilities
  • $176,438Total equity capital
  • $176,438Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $34,019Surplus
  • $141,919Undivided profits
  • Memoranda
  • $2,795Noncurrent loans and leases
  • $1,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,442Income earned, not collected on loans
  • $0Earning assets
  • $3,555Long-term assets (5+ years)
  • $1,258,985Average Assets, year-to-date
  • $508,860Average Assets, quarterly
  • $1,281,697Volatile liabilities
  • $1,315,630Insider loans
  • $971,942FHLB advances
  • $1,299,734Loans and leases held for sale
  • $5,263Unused loan commitments
  • $5,263Tier 1 (core) risk-based capital
  • $164,694Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $101,954Restructured Loans and leases
  • $1,917Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $52,968Total interest income
  • $9,425Total interest expense
  • $43,543Net interest income
  • $1,593Provision for loan and lease losses
  • $11,110Total noninterest income
  • $1,504Fiduciary activities
  • $2,048Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,558Additional noninterest income
  • $41,619Total noninterest expense
  • $25,526Salaries and employee benefits
  • $3,507Premises and equipment expense
  • $12,586Additional noninterest expense
  • $11,441Pre-tax net operating income
  • $1,682Securities gains (losses)
  • $4,245Applicable income taxes
  • $8,878Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,431Net income attributable to bank
  • $447Net charge-offs
  • $8,878Cash dividends
  • $1,938Sale, conversion, retirement of capital stock, net
  • $57Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.61%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 4.80%Return on equity (ROE)
  • 4.77%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 82.20%Credit loss provision to net charge-offs
  • 6.73%Efficiency ratio
  • 75,526Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.68%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 84.42%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 90.93%Net loans and leases to core deposits
  • 99.15%Equity capital to assets
  • 13.18%Core capital (leverage) ratio
  • 12.67%Tier 1 risk-based capital ratio
  • 16.94%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $1,281,697Average earning assets
  • $175,734Average equity
  • $1,205,269Average 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
  • $212,041Managed Assets
  • 1Number of Accounts
  • $212,041Personal trust and agency accounts
  • $63,116Employee benefit-defined contribution accounts
  • $8,793Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $30,316Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $83,630Other fiduciary accounts
  • $25,510Fiduciary accounts held in foreign offices
  • $676Non-managed Assets
  • 695Number of Accounts
  • $0Personal trust and agency accounts
  • $29,090Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 12 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016537Bristol County Savings Bank35 Broadway, Taunton, MA 2780March 02, 1846Full Service Brick and Mortar
    1291501Raynham Branch108 North Main Street, Raynham, MA 2767October 02, 1976Full Service Brick and Mortar
    2291502Rehoboth Branch257 Winthrop Street, Rehoboth, MA 2769April 27, 1981Full Service Brick and Mortar
    3256568Raynham Branch942 Broadway (Route 138), Raynham, MA 2767April 05, 1982Full Service Brick and Mortar
    4256569Taunton Branch851 County Street, Taunton, MA 2780September 20, 1988Full Service Brick and Mortar
    5256570Attleboro Branch130 Pleasant Street, Attleboro, MA 2703October 12, 1994Full Service Brick and Mortar
    6256571Attleborough High School Branch100 Rathbun Willard Drive, Attleboro, MA 2703Febuary 14, 1996Full Service Brick and Mortar
    7256572Taunton High School Branch50 Williams Street, Taunton, MA 2780October 09, 1996Full Service Brick and Mortar
    8256573North Attleborough Branch96 Commonwealth Avenue, North Attleboro, MA 2760June 17, 1998Full Service Brick and Mortar
    9334362Franklin Branch365 West Central Street, Franklin, MA 2038May 10, 2000Full Service Brick and Mortar
    11458842Dartmouth Branch502 State Road, Dartmouth, MA 2747January 08, 2007Full Service Brick and Mortar
    13510957New Bedford Branch1307 Ashley Blvd, New Bedford, MA 2745June 07, 2010Full Service Brick and Mortar
  • 1 Rhode Island Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    10359910Amristice Boulevard Branch215 Armistice Boulevard, Pawtucket, RI 2861May 01, 2001Full Service Brick and Mortar

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