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

Cambridge Savings Bank - Overview

  • General
  • FDIC Certificate #: 17870
    Status: Active
    Federal Reserve ID: 758703
    Bank Holding Company (Regulatory Top Holder): Cambridge Financial Group, Inc. (RSSDID: 2687795, Location: Cambridge, MA)
    Date Established: April 02, 1834
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 18 (Domestic: 17, Interstate: No)
    OTS Docket #: 14455
    FDIC's unique #: 11809
    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 02, 1958
    Last Structure Change Effective Date: January 05, 2007
    Last Structure Change Process Date: January 05, 2007
    Last Data Update: January 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1374 Massachusetts Avenue, Cambridge, MA 2138
    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)
  • Financial Summary
  • Total assets: $2,316.4 mil
    Equity capital: $219.2 mil
    Deposits held in domestic offices: $1,902.8 mil
    Return on assets (ROA): 0.70% ($16.2 mil)
    Quarterly return on assets: 0.59% ($13.7 mil)
    Return on Equity (ROE): 7.43% ($16.3 mil)
    Quarterly return on equity: 6.18% ($13.5 mil)
    Net income: $15.7 mil
    Quarterly Net income: $3.4 mil
    Pretax return on assets: 1.00% ($23,163.6 mil)
    Quarterly Pretax return on assets: 0.77% ($17,836.0 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
  • 291Total employees (full-time equivalent)
  • $2,316,360Total assets
  • $94,131Cash and due from depository institutions
  • $54,520Interest-bearing balances
  • $579,039Securities
  • $2,458Federal funds sold & reverse repurchase agreements
  • $1,507,944Net loans & leases
  • $12,500Loan loss allowance
  • $0Trading account assets
  • $16,861Bank premises and fixed assets
  • $4,627Other real estate owned
  • $926Goodwill and other intangibles
  • $2,316,360Life insurance assets
  • $110,374All other assets
  • $2,097,111Total liabilities and capital
  • $1,902,844Total liabilities
  • $1,812,024Total deposits
  • $1,902,844Interest-bearing deposits
  • $68Deposits held in domestic offices
  • 40027.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $130,674Trading liabilities
  • $0Other borrowed funds
  • $23,566Subordinated debt
  • $219,249All other liabilities
  • $219,243Total equity capital
  • $219,243Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $223,135Surplus
  • $-4,392Undivided profits
  • Memoranda
  • $6Noncurrent loans and leases
  • $5,409Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,117Income earned, not collected on loans
  • $0Earning assets
  • $6,895Long-term assets (5+ years)
  • $2,143,961Average Assets, year-to-date
  • $782,310Average Assets, quarterly
  • $2,226,498Volatile liabilities
  • $2,286,371Insider loans
  • $1,564,071FHLB advances
  • $2,260,865Loans and leases held for sale
  • $46,945Unused loan commitments
  • $24,577Tier 1 (core) risk-based capital
  • $221,672Tier 2 risk-based capital
  • $17,648Total risk weighted assets
  • $4,720Total unused commitments
  • $449,834Restructured Loans and leases
  • $32,927Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $85,384Total interest income
  • $19,125Total interest expense
  • $66,259Net interest income
  • $2,610Provision for loan and lease losses
  • $12,089Total noninterest income
  • $2,693Fiduciary activities
  • $1,577Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,819Additional noninterest income
  • $52,622Total noninterest expense
  • $29,729Salaries and employee benefits
  • $6,397Premises and equipment expense
  • $16,496Additional noninterest expense
  • $23,116Pre-tax net operating income
  • -$754Securities gains (losses)
  • $6,683Applicable income taxes
  • $15,679Income before extraordinary items
  • $0Extraordinary gains - net
  • $15,679Net income attributable to bank
  • $0Net charge-offs
  • $15,679Cash dividends
  • $5,328Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 7.43%Return on equity (ROE)
  • 7.43%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 48.99%Credit loss provision to net charge-offs
  • 4.83%Efficiency ratio
  • 67,153Assets per employee
  • 7.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 137.11%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 79.25%Net loans and leases to core deposits
  • 83.67%Equity capital to assets
  • 9.46%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 14.17%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $2,226,498Average earning assets
  • $211,112Average equity
  • $2,072,352Average 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
  • $383,775Managed Assets
  • 1Number of Accounts
  • $380,405Personal trust and agency accounts
  • $82,121Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,688Other retirement accounts
  • $51,627Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $221,751Other fiduciary accounts
  • $16,218Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1099Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,370Other retirement accounts
  • $817Corporate trust and agency accounts
  • $1,814Other fiduciary accounts
  • $267Fiduciary accounts held in foreign offices

List of branches

  • 18 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011809Cambridge Savings Bank1374 Massachusetts Avenue, Cambridge, MA 2138April 02, 1834Full Service Brick and Mortar
    3243046Belmont Branch40 Leonard Street, Belmont, MA 2478September 25, 1974Full Service Brick and Mortar
    4243047Porter Square Shopping Center Branch53 White Street, Cambridge, MA 2140August 05, 1975Full Service Brick and Mortar
    517029Arlington Center Branch626 Massachusetts Avenue, Arlington, MA 2476April 02, 1860Full Service Brick and Mortar
    6290961East Arlington Branch188 Massachusetts Avenue, Arlington, MA 2474January 01, 1860Full Service Brick and Mortar
    7290962Arlington Heights Branch1300 Massachusetts Avenue, Arlington, MA 2476January 01, 1860Full Service Brick and Mortar
    8290963Bedford Branch181 Great Road, Bedford, MA 1730September 07, 1955Full Service Brick and Mortar
    9290964Burlington Branch214 Cambridge Street, Burlington, MA 1803October 22, 1959Full Service Brick and Mortar
    14243049Cambridge Street Branch1378 Cambridge Street, Cambridge, MA 2139December 11, 1995Full Service Brick and Mortar
    15243050Lexington Branch1781 Massachusetts Avenue, Lexington, MA 2420July 01, 1996Full Service Brick and Mortar
    16364962Central Square Branch630-632 Massachusetts Avenue, Cambridge, MA 2139October 22, 2001Full Service Brick and Mortar
    17365920Acton Branch145 Great Road, Acton, MA 1720January 13, 2003Full Service Brick and Mortar
    18423244Newton Centre Branch739 Beacon Street, Newton Center, MA 2459November 03, 2003Full Service Brick and Mortar
    19439888Concord Branch202 Sudbury Road, Concord, MA 1742April 04, 2005Full Service Brick and Mortar
    20462793Watertown Branch54 Arsenal Street, Watertown, MA 2472April 17, 2007Full Service Brick and Mortar
    21493388Https:// Bra1374 Massachusetts Avenue, Cambridge, MA 2138January 01, 2009Full Service Cyber
    22527112Newtonville Branch308 Walnut Street, Newtonville, MA 2460December 05, 2011Full Service Brick and Mortar
    23527932Boston Commercial Loan Office745 Boylston Street, Boston, MA 2116January 17, 2012Limited Service Loan Production

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