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

Clinton Savings Bank - Overview

  • General
  • FDIC Certificate #: 90181
    Status: Active
    Federal Reserve ID: 179700
    Bank Holding Company (Regulatory Top Holder): Clinton Financial Services, Mhc (RSSDID: 3195756, Location: Clinton, MA)
    Date Established: May 15, 1851
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 8340
    FDIC's unique #: 17772
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: November 20, 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: 200 Church Street, Clinton, MA 1510
    County: Worcester
    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): Worcester, MA-CT (#9240)
    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): Worcester, MA (#49340)
    CBSA Metro Statistical Area: Worcester, MA (#49340)
  • Financial Summary
  • Total assets: $479.5 mil
    Equity capital: $51.2 mil
    Deposits held in domestic offices: $362.7 mil
    Return on assets (ROA): 0.53% ($2.5 mil)
    Quarterly return on assets: 0.84% ($4.0 mil)
    Return on Equity (ROE): 5.21% ($2.7 mil)
    Quarterly return on equity: 8.04% ($4.1 mil)
    Net income: $2.6 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.60% ($2,877.1 mil)
    Quarterly Pretax return on assets: 0.72% ($3,452.5 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
  • 102Total employees (full-time equivalent)
  • $479,511Total assets
  • $19,542Cash and due from depository institutions
  • $15,461Interest-bearing balances
  • $104,499Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $323,969Net loans & leases
  • $4,369Loan loss allowance
  • $0Trading account assets
  • $4,926Bank premises and fixed assets
  • $1,446Other real estate owned
  • $939Goodwill and other intangibles
  • $479,511Life insurance assets
  • $24,190All other assets
  • $428,301Total liabilities and capital
  • $362,714Total liabilities
  • $338,009Total deposits
  • $362,714Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 1490.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $61,652Trading liabilities
  • $0Other borrowed funds
  • $2,445Subordinated debt
  • $51,210All other liabilities
  • $51,210Total equity capital
  • $51,210Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $48,782Surplus
  • $2,418Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $9,969Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,311Income earned, not collected on loans
  • $35Earning assets
  • $1,392Long-term assets (5+ years)
  • $443,929Average Assets, year-to-date
  • $263,384Average Assets, quarterly
  • $484,931Volatile liabilities
  • $482,026Insider loans
  • $294,712FHLB advances
  • $479,006Loans and leases held for sale
  • $11,221Unused loan commitments
  • $11,221Tier 1 (core) risk-based capital
  • $49,482Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $40,736Restructured Loans and leases
  • $1,191Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,100Total interest income
  • $5,278Total interest expense
  • $14,822Net interest income
  • $960Provision for loan and lease losses
  • $1,902Total noninterest income
  • $0Fiduciary activities
  • $757Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,145Additional noninterest income
  • $13,666Total noninterest expense
  • $7,444Salaries and employee benefits
  • $1,587Premises and equipment expense
  • $4,635Additional noninterest expense
  • $2,098Pre-tax net operating income
  • $794Securities gains (losses)
  • $309Applicable income taxes
  • $2,583Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,583Net income attributable to bank
  • $0Net charge-offs
  • $2,583Cash dividends
  • $1,182Sale, conversion, retirement of capital stock, net
  • $891Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 5.21%Return on equity (ROE)
  • 3.42%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 81.22%Credit loss provision to net charge-offs
  • 2.59%Efficiency ratio
  • 81,715Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.49%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 22.62%Noncurrent assets plus other real estate owned to assets
  • 4.44%Noncurrent loans to loans
  • 5.88%Net loans and leases to deposits
  • 89.32%Net loans and leases to core deposits
  • 94.45%Equity capital to assets
  • 10.68%Core capital (leverage) ratio
  • 10.33%Tier 1 risk-based capital ratio
  • 16.79%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $484,931Average earning assets
  • $49,545Average equity
  • $448,044Average loans

List of branches

  • 7 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017772Clinton Savings Bank200 Church Street, Clinton, MA 1510May 15, 1851Full Service Brick and Mortar
    1291066Bolton Branch563 Main Street, Bolton, MA 1740April 01, 1981Full Service Brick and Mortar
    2291067Sterling BranchOne Main Street, Sterling, MA 1564May 07, 1979Full Service Brick and Mortar
    3291068Berlin Branch35 Central Street, Berlin, MA 1503May 14, 1984Full Service Brick and Mortar
    5291070Nashoba Regional High School Branch563 Main St., Bolton, MA 1740April 25, 1989Limited Service Facility
    6357490West Boylston Branch231 West Boylston Street, West Boylston, MA 1583August 07, 2000Full Service Brick and Mortar
    7445277Boylston Branch81 D Shrewsbury Street, Boylston, MA 1505October 18, 2005Full Service Brick and Mortar

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