Cape Ann Savings Bank in Gloucester, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cape Ann Savings Bank - Overview

  • General
  • FDIC Certificate #: 90203
    Status: Active
    Federal Reserve ID: 627108
    Date Established: April 15, 1846
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 61Total employees (full-time equivalent)
  • $425,358Total assets
  • $47,431Cash and due from depository institutions
  • $43,054Interest-bearing balances
  • $130,124Securities
  • $5,980Federal funds sold & reverse repurchase agreements
  • $220,695Net loans & leases
  • $1,977Loan loss allowance
  • $0Trading account assets
  • $9,561Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $425,358Life insurance assets
  • $11,567All other assets
  • $327,074Total liabilities and capital
  • $313,207Total liabilities
  • $305,835Total deposits
  • $313,207Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $13,867Subordinated debt
  • $98,284All other liabilities
  • $98,284Total equity capital
  • $98,284Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $83,191Surplus
  • $15,093Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,668Income earned, not collected on loans
  • $0Earning assets
  • $1,102Long-term assets (5+ years)
  • $399,853Average Assets, year-to-date
  • $81,791Average Assets, quarterly
  • $421,263Volatile liabilities
  • $420,632Insider loans
  • $199,121FHLB advances
  • $399,254Loans and leases held for sale
  • $9,524Unused loan commitments
  • $5,566Tier 1 (core) risk-based capital
  • $83,191Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,958Total unused commitments
  • $24,538Restructured Loans and leases
  • $2,397Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,488Total interest income
  • $4,020Total interest expense
  • $9,468Net interest income
  • $10Provision for loan and lease losses
  • $2,435Total noninterest income
  • $1,736Fiduciary activities
  • $70Service charges on deposit accounts
  • $0Trading account gains & fees
  • $629Additional noninterest income
  • $8,831Total noninterest expense
  • $4,946Salaries and employee benefits
  • $894Premises and equipment expense
  • $2,991Additional noninterest expense
  • $3,062Pre-tax net operating income
  • -$27Securities gains (losses)
  • $802Applicable income taxes
  • $2,233Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,233Net income attributable to bank
  • $0Net charge-offs
  • $2,233Cash dividends
  • $116Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.42%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 2.40%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.24%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 2.31%Return on equity (ROE)
  • 2.31%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 8.62%Credit loss provision to net charge-offs
  • 26.48%Efficiency ratio
  • 74,191Assets per employee
  • 6.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 29.65%Noncurrent assets plus other real estate owned to assets
  • 1.57%Noncurrent loans to loans
  • 2.99%Net loans and leases to deposits
  • 70.46%Net loans and leases to core deposits
  • 78.76%Equity capital to assets
  • 23.11%Core capital (leverage) ratio
  • 20.84%Tier 1 risk-based capital ratio
  • 41.78%Total risk-based capital ratio
  • Memoranda
  • $49Average assets
  • $421,263Average earning assets
  • $96,666Average equity
  • $394,798Average 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
  • $240,628Managed Assets
  • 1Number of Accounts
  • $203,248Personal trust and agency accounts
  • $122,078Employee benefit-defined contribution accounts
  • $542Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $34,649Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $45,979Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 647Number of Accounts
  • $0Personal trust and agency accounts
  • $34,649Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $37,380Other retirement accounts
  • $25,223Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,980Fiduciary accounts held in foreign offices

List of branches

  • 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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