Country Bank for Savings in Ware, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Country Bank for Savings in Ware, Massachusetts (MA)
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Country Bank for Savings - Overview

  • General
  • FDIC Certificate #: 23992
    Status: Active
    Federal Reserve ID: 689209
    Date Established: July 01, 1850
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 5068
    FDIC's unique #: 16732
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: August 16, 1982
    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: 75 Main Street, Ware, MA 1082
    County: Hampshire
    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)
  • Financial Summary
  • Total assets: $1,431.1 mil
    Equity capital: $176.0 mil
    Deposits held in domestic offices: $953.8 mil
    Return on assets (ROA): 0.62% ($8.9 mil)
    Quarterly return on assets: 0.62% ($8.9 mil)
    Return on Equity (ROE): 5.24% ($9.2 mil)
    Quarterly return on equity: 5.05% ($8.9 mil)
    Net income: $8.9 mil
    Quarterly Net income: $2.2 mil
    Pretax return on assets: 0.94% ($13,452.7 mil)
    Quarterly Pretax return on assets: 0.93% ($13,309.6 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
  • 232Total employees (full-time equivalent)
  • $1,431,138Total assets
  • $15,994Cash and due from depository institutions
  • $0Interest-bearing balances
  • $501,229Securities
  • $5,427Federal funds sold & reverse repurchase agreements
  • $852,072Net loans & leases
  • $8,292Loan loss allowance
  • $0Trading account assets
  • $14,102Bank premises and fixed assets
  • $1,018Other real estate owned
  • $1,047Goodwill and other intangibles
  • $1,431,138Life insurance assets
  • $40,249All other assets
  • $1,255,176Total liabilities and capital
  • $953,777Total liabilities
  • $821,438Total deposits
  • $953,777Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 125000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $148,265Trading liabilities
  • $0Other borrowed funds
  • $28,134Subordinated debt
  • $175,962All other liabilities
  • $175,962Total equity capital
  • $175,962Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $173,357Surplus
  • $2,605Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $34,645Income earned, not collected on loans
  • $0Earning assets
  • $6,315Long-term assets (5+ years)
  • $1,358,728Average Assets, year-to-date
  • $1,044,767Average Assets, quarterly
  • $1,443,316Volatile liabilities
  • $1,435,793Insider loans
  • $898,899FHLB advances
  • $1,433,159Loans and leases held for sale
  • $3,637Unused loan commitments
  • $2,635Tier 1 (core) risk-based capital
  • $171,999Tier 2 risk-based capital
  • $1,002Total risk weighted assets
  • $0Total unused commitments
  • $132,452Restructured Loans and leases
  • $957Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $65,886Total interest income
  • $18,138Total interest expense
  • $47,748Net interest income
  • $3,100Provision for loan and lease losses
  • $3,888Total noninterest income
  • $0Fiduciary activities
  • $1,633Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,255Additional noninterest income
  • $37,770Total noninterest expense
  • $20,075Salaries and employee benefits
  • $3,846Premises and equipment expense
  • $13,849Additional noninterest expense
  • $10,766Pre-tax net operating income
  • $2,848Securities gains (losses)
  • $4,720Applicable income taxes
  • $8,894Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,894Net income attributable to bank
  • $0Net charge-offs
  • $8,894Cash dividends
  • $5,781Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 3.48%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 5.24%Return on equity (ROE)
  • 5.24%Retained earnings to average equity (YTD only)
  • 0.67%Net charge-offs to loans
  • 53.62%Credit loss provision to net charge-offs
  • 2.40%Efficiency ratio
  • 73,147Assets per employee
  • 6.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 23.93%Noncurrent assets plus other real estate owned to assets
  • 2.49%Noncurrent loans to loans
  • 4.03%Net loans and leases to deposits
  • 89.34%Net loans and leases to core deposits
  • 100.05%Equity capital to assets
  • 12.30%Core capital (leverage) ratio
  • 12.00%Tier 1 risk-based capital ratio
  • 19.13%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $1,443,316Average earning assets
  • $169,844Average equity
  • $1,370,785Average loans

List of branches

  • 15 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016732Country Bank For Savings75 Main Street, Ware, MA 1082July 01, 1850Full Service Brick and Mortar
    2291521West Brookfield Branch8 West Main Street, West Brookfield, MA 1585March 19, 1977Full Service Brick and Mortar
    3291522West Street Branch155 West Street, Ware, MA 1082July 08, 1975Full Service Brick and Mortar
    417852Palmer Branch485 North Main Street, Palmer, MA 1069January 01, 1870Full Service Brick and Mortar
    5291395Thorndike Branch191 Sykes Street, Palmer, MA 1069June 05, 1976Full Service Brick and Mortar
    6291396Brimfield Branch9 Main Street (South Side), Brimfield, MA 1010June 12, 1976Full Service Brick and Mortar
    7256867North Main Street Branch21 North Main Street, Belchertown, MA 1007December 09, 1988Full Service Brick and Mortar
    8178121084 Main Street Branch1084 Main Street, Leicester, MA 1524April 17, 1869Full Service Brick and Mortar
    9256868Wilbraham Branch2379 Boston Road, Wilbraham, MA 1095December 06, 1997Full Service Brick and Mortar
    10256869Wal Mart Branch Ware352 Palmer Road, Ware, MA 1082April 29, 1999Full Service Retail
    11365015Ludlow Branch425 Center Street, Ludlow, MA 1056January 22, 2002Full Service Retail
    12431452Paxton Branch687 Pleasant Street, Paxton, MA 1612June 10, 2004Full Service Brick and Mortar
    13431453Charlton Branch37 Worcester Road, Charlton, MA 1507April 23, 2004Full Service Brick and Mortar
    14452534Overlook Life Care Community Branch88 Masonic Home Road, Charlton, MA 1507June 12, 2006Full Service Retail
    15461452Walmart Leicester Branch20 Soojian Drive, Suite #2, Leicester, MA 1524March 14, 2007Full Service Retail

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