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

  • Chicopee Savings Bank in Chicopee, Massachusetts (MA)
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Chicopee Savings Bank - Overview

  • General
  • FDIC Certificate #: 90179
    Status: Active
    Federal Reserve ID: 794608
    Bank Holding Company (Regulatory Top Holder): Chicopee Bancorp, Inc. (RSSDID: 3434633, Location: Chicopee, MA)
    Date Established: March 31, 1854
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 7924
    FDIC's unique #: 17771
    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: December 13, 1985
    Last Structure Change Effective Date: April 03, 2012
    Last Structure Change Process Date: April 03, 2012
    Last Data Update: April 03, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 70 Center Street, Chicopee, MA 1013
    County: Hampden
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $615.4 mil
    Equity capital: $78.4 mil
    Deposits held in domestic offices: $459.7 mil
    Return on assets (ROA): 0.22% ($1.4 mil)
    Quarterly return on assets: 0.33% ($2.0 mil)
    Return on Equity (ROE): 1.72% ($1.3 mil)
    Quarterly return on equity: 2.54% ($2.0 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.21% ($1,292.4 mil)
    Quarterly Pretax return on assets: 0.30% ($1,846.3 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
  • 126Total employees (full-time equivalent)
  • $615,425Total assets
  • $23,686Cash and due from depository institutions
  • $13,671Interest-bearing balances
  • $61,259Securities
  • $50,458Federal funds sold & reverse repurchase agreements
  • $445,149Net loans & leases
  • $4,576Loan loss allowance
  • $0Trading account assets
  • $9,853Bank premises and fixed assets
  • $913Other real estate owned
  • $345Goodwill and other intangibles
  • $615,425Life insurance assets
  • $23,762All other assets
  • $537,036Total liabilities and capital
  • $459,717Total liabilities
  • $390,874Total deposits
  • $459,717Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 12340.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $64,072Trading liabilities
  • $0Other borrowed funds
  • $907Subordinated debt
  • $78,389All other liabilities
  • $78,389Total equity capital
  • $78,389Total bank equity capital
  • $0Perpetual preferred stock
  • $39,467Common stock
  • $38,925Surplus
  • $-3Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,635Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,711Income earned, not collected on loans
  • $0Earning assets
  • $1,526Long-term assets (5+ years)
  • $570,537Average Assets, year-to-date
  • $132,645Average Assets, quarterly
  • $587,411Volatile liabilities
  • $602,332Insider loans
  • $478,640FHLB advances
  • $602,394Loans and leases held for sale
  • $13,427Unused loan commitments
  • $7,006Tier 1 (core) risk-based capital
  • $77,030Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,421Total unused commitments
  • $91,182Restructured Loans and leases
  • $4,905Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,849Total interest income
  • $7,350Total interest expense
  • $17,499Net interest income
  • $841Provision for loan and lease losses
  • $2,639Total noninterest income
  • $0Fiduciary activities
  • $961Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,678Additional noninterest income
  • $18,099Total noninterest expense
  • $10,687Salaries and employee benefits
  • $2,533Premises and equipment expense
  • $4,879Additional noninterest expense
  • $1,198Pre-tax net operating income
  • $12Securities gains (losses)
  • -$107Applicable income taxes
  • $1,317Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,317Net income attributable to bank
  • $0Net charge-offs
  • $1,317Cash dividends
  • $696Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 1.72%Return on equity (ROE)
  • 1.72%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 120.83%Credit loss provision to net charge-offs
  • 2.93%Efficiency ratio
  • 89,875Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 97.13%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 96.83%Net loans and leases to core deposits
  • 112.04%Equity capital to assets
  • 12.74%Core capital (leverage) ratio
  • 12.79%Tier 1 risk-based capital ratio
  • 16.09%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $587,411Average earning assets
  • $76,761Average equity
  • $543,818Average loans

List of branches

  • 8 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017771Chicopee Savings Bank70 Center Street, Chicopee, MA 1013March 31, 1854Full Service Brick and Mortar
    1291063Memorial Drive Branch599 Memorial Drive, Chicopee, MA 1020November 17, 1955Full Service Brick and Mortar
    2291064East Street Branch569 East Street, Chicopee, MA 1020Febuary 21, 1976Full Service Brick and Mortar
    3291065Burnett Road Branch241 Burnett Road, Chicopee, MA 1013May 07, 1990Full Service Brick and Mortar
    4365858Ludlow Branch477 Center Street, Ludlow, MA 1056November 12, 2002Full Service Brick and Mortar
    5437877West Springfield Branch39 Morgan Road, West Springfield, MA 1089Febuary 23, 2005Full Service Brick and Mortar
    6482383South Hadley Branch32 Willimansett Street, South Hadley, MA 1075November 19, 2008Full Service Brick and Mortar
    7486611Ware Branch350 Palmer Road, Ware, MA 1082January 22, 2009Full Service Brick and Mortar

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