Dedham Institution for Savings in Dedham, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Dedham Institution for Savings in Dedham, Massachusetts (MA)
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Dedham Institution for Savings - Overview

  • General
  • FDIC Certificate #: 23620
    Status: Active
    Federal Reserve ID: 193809
    Date Established: March 19, 1831
    WWW: http://www.dedhamsavings.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 14280
    FDIC's unique #: 16535
    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: January 02, 1982
    Last Structure Change Effective Date: May 31, 2009
    Last Structure Change Process Date: November 08, 2011
    Last Data Update: November 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 Elm Street, Dedham, MA 2026
    County: Norfolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South 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: Boston-Quincy, MA (#14484)
  • Financial Summary
  • Total assets: $1,085.4 mil
    Equity capital: $106.4 mil
    Deposits held in domestic offices: $938.2 mil
    Return on assets (ROA): 0.54% ($5.9 mil)
    Quarterly return on assets: 0.74% ($8.0 mil)
    Return on Equity (ROE): 5.45% ($5.8 mil)
    Quarterly return on equity: 7.51% ($8.0 mil)
    Net income: $5.8 mil
    Quarterly Net income: $2.0 mil
    Pretax return on assets: 0.74% ($8,031.6 mil)
    Quarterly Pretax return on assets: 0.96% ($10,419.4 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
  • 190Total employees (full-time equivalent)
  • $1,085,354Total assets
  • $65,523Cash and due from depository institutions
  • $50,045Interest-bearing balances
  • $232,848Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $738,331Net loans & leases
  • $5,324Loan loss allowance
  • $0Trading account assets
  • $5,736Bank premises and fixed assets
  • $110Other real estate owned
  • $1,127Goodwill and other intangibles
  • $1,085,354Life insurance assets
  • $41,679All other assets
  • $978,914Total liabilities and capital
  • $938,162Total liabilities
  • $892,099Total deposits
  • $938,162Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $29,778Trading liabilities
  • $0Other borrowed funds
  • $10,974Subordinated debt
  • $106,440All other liabilities
  • $106,440Total equity capital
  • $106,440Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $106,440Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,161Income earned, not collected on loans
  • $35Earning assets
  • $3,596Long-term assets (5+ years)
  • $1,021,224Average Assets, year-to-date
  • $434,739Average Assets, quarterly
  • $1,071,238Volatile liabilities
  • $1,080,047Insider loans
  • $708,746FHLB advances
  • $1,079,230Loans and leases held for sale
  • $20,203Unused loan commitments
  • $10,786Tier 1 (core) risk-based capital
  • $109,153Tier 2 risk-based capital
  • $905Total risk weighted assets
  • $8,512Total unused commitments
  • $116,080Restructured Loans and leases
  • $2,307Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $40,068Total interest income
  • $11,236Total interest expense
  • $28,832Net interest income
  • $795Provision for loan and lease losses
  • $2,813Total noninterest income
  • $0Fiduciary activities
  • $1,596Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,217Additional noninterest income
  • $25,705Total noninterest expense
  • $14,762Salaries and employee benefits
  • $3,059Premises and equipment expense
  • $7,884Additional noninterest expense
  • $5,145Pre-tax net operating income
  • $2,736Securities gains (losses)
  • $2,108Applicable income taxes
  • $5,773Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,773Net income attributable to bank
  • $0Net charge-offs
  • $5,773Cash dividends
  • $1,983Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.01%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 2.89%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 5.45%Return on equity (ROE)
  • 5.45%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 40.09%Credit loss provision to net charge-offs
  • 3.00%Efficiency ratio
  • 81,229Assets per employee
  • 5.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.72%Loss allowance to noncurrent loans
  • 47.70%Noncurrent assets plus other real estate owned to assets
  • 1.04%Noncurrent loans to loans
  • 1.50%Net loans and leases to deposits
  • 78.70%Net loans and leases to core deposits
  • 83.98%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 10.11%Tier 1 risk-based capital ratio
  • 15.40%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,071,238Average earning assets
  • $105,861Average equity
  • $999,076Average loans

List of branches

  • 13 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016535Dedham Institution For Savings55 Elm Street, Dedham, MA 2026March 19, 1831Full Service Brick and Mortar
    2291090Westwood Branch673 High Street, Westwood, MA 2090November 27, 1950Full Service Brick and Mortar
    3291091East Dedham Branch260 Bussey Street, Dedham, MA 2026August 27, 1969Full Service Brick and Mortar
    4291092Dedham Square Branch420 Washington Street, Dedham, MA 2026July 25, 1977Full Service Brick and Mortar
    5256560Loan Production Branch74 Main Street, Medway, MA 2053May 05, 1986Limited Service Loan Production
    7256562Walpole Branch1428 Main Street, Walpole, MA 2081Febuary 15, 1989Full Service Brick and Mortar
    836071Midcounty Norwood Branch185 Central Street, Norwood, MA 2062November 07, 1986Full Service Brick and Mortar
    9256563Del Pond Drive BranchOne Del Pond Drive, Canton, MA 2021March 21, 1994Full Service Brick and Mortar
    10256564New Pond Village Branch180 Main Street, Walpole, MA 2081Febuary 10, 1994Full Service Brick and Mortar
    11358250Sharon Branch45 South Main Street, Sharon, MA 2067October 02, 2000Full Service Brick and Mortar
    12420130Needham Branch1077 Great Plain Avenue, Needham, MA 2492July 21, 2003Full Service Brick and Mortar
    13479306Online Branch55 Elm Street, Dedham, MA 2026November 08, 2007Full Service Cyber
    14493422New Bridge Branch5000 Great Meadow Rd, Dedham, MA 2026June 15, 2009Full Service Brick and Mortar

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