Cape Ann Savings Bank in Gloucester, Massachusetts (MA)



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Cape Ann Savings Bank routing number info

Table of contents:
Cape Ann Savings Bank
GeneralFDIC Certificate #: 90203
Status: Active
Federal Reserve ID: 627108
Date Established: April 15, 1846
WWW: http://www.capeannsavings.com
Trust Powers Granted: Yes
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 17794
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: October 22, 1985
Last Structure Change Effective Date: September 29, 2006
Last Structure Change Process Date: September 29, 2006
Last Data Update: September 29, 2006
Data Source Date: April 05, 2012
LocationAddress: 109 Main Street, Gloucester, MA 1930
County: Essex
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: Peabody, MA (#37764)
Financial SummaryTotal assets: $425.4 mil
Equity capital: $98.3 mil
Deposits held in domestic offices: $313.2 mil
Return on assets (ROA): 0.53% ($2.3 mil)
Quarterly return on assets: 0.45% ($1.9 mil)
Return on Equity (ROE): 2.31% ($2.3 mil)
Quarterly return on equity: 1.93% ($1.9 mil)
Net income: $2.2 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.72% ($3,062.6 mil)
Quarterly Pretax return on assets: 0.56% ($2,382.0 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)
Total employees (full-time equivalent)61
Total assets$425,358
Cash and due from depository institutions$47,431
Interest-bearing balances$43,054
Securities$130,124
Federal funds sold & reverse repurchase agreements$5,980
Net loans & leases$220,695
Loan loss allowance $1,977
Trading account assets$0
Bank premises and fixed assets$9,561
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$11,567
Life insurance assets$425,358
Total liabilities and capital$327,074
Total liabilities$313,207
Total deposits$305,835
Interest-bearing deposits$313,207
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $13,867
All other liabilities $98,284
Total equity capital$98,284
Total bank equity capital$98,284
Perpetual preferred stock$0
Common stock$0
Surplus$83,191
Undivided profits $15,093
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $6,668
Earning assets $0
Long-term assets (5+ years) $1,102
Average Assets, year-to-date $399,853
Average Assets, quarterly $81,791
Volatile liabilities $421,263
Insider loans $420,632
FHLB advances $199,121
Loans and leases held for sale $399,254
Unused loan commitments $9,524
Tier 1 (core) risk-based capital $5,566
Tier 2 risk-based capital $83,191
Total risk weighted assets $0
Total unused commitments $3,958
Restructured Loans and leases $24,538
Derivatives$2,397
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,488
Total interest expense $4,020
Net interest income $9,468
Provision for loan and lease losses $10
Total noninterest income $2,435
Fiduciary activities $1,736
Service charges on deposit accounts $70
Trading account gains & fees $0
Additional noninterest income $629
Total noninterest expense $8,831
Salaries and employee benefits $4,946
Premises and equipment expense $894
Additional noninterest expense $2,991
Pre-tax net operating income $3,062
Securities gains (losses) -$27
Applicable income taxes $802
Income before extraordinary items $2,233
Extraordinary gains - net $0
Net income attributable to bank $2,233
Net charge-offs $0
Cash dividends $2,233
Sale, conversion, retirement of capital stock, net $116
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.42%
Cost of funding earning assets 1.02%
Net interest margin 2.40%
Noninterest income to earning assets 0.62%
Noninterest expense to earning assets 2.24%
Net operating income to assets 0.53%
Return on assets (ROA) 0.53%
Pretax return on assets 0.72%
Return on equity (ROE) 2.31%
Retained earnings to average equity (YTD only) 2.31%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 8.62%
Efficiency ratio26.48%
Assets per employee$74,191
Cash dividends to net income (YTD only)6.97%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.89%
Noncurrent assets plus other real estate owned to assets 29.65%
Noncurrent loans to loans 1.57%
Net loans and leases to deposits2.99%
Net loans and leases to core deposits 70.46%
Equity capital to assets 78.76%
Core capital (leverage) ratio 23.11%
Tier 1 risk-based capital ratio 20.84%
Total risk-based capital ratio 41.78%
Memoranda
Average assets$49
Average earning assets$421,263
Average equity $96,666
Average loans $394,798
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$240,628
Number of Accounts1
Personal trust and agency accounts$203,248
Employee benefit-defined contribution accounts$122,078
Employee benefit-defined benefit accounts$542
Other retirement accounts$0
Corporate trust and agency accounts$34,649
Investment management agency accounts$0
Other fiduciary accounts$45,979
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts647
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$34,649
Employee benefit-defined benefit accounts$0
Other retirement accounts$37,380
Corporate trust and agency accounts$25,223
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$1,980
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3 Massachusetts Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
017794Cape Ann Savings Bank109 Main Street, Gloucester, MA 1930April 15, 1846Full Service Brick and Mortar
1291158Manchester Branch17 Beach Street, Manchester, MA 1944November 17, 1965Full Service Brick and Mortar
2291159Gloucester High School BranchLeslie O. Johnson Road, Gloucester, MA 1930September 13, 1990Full Service Brick and Mortar
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