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


East Boston Savings Bank - Overview

  • General
  • FDIC Certificate #: 33510
    Status: Active
    Federal Reserve ID: 1000100
    Bank Holding Company (Regulatory Top Holder): Meridian Financial Services, Inc (RSSDID: 1902651, Location: East Boston, MA)
    Date Established: September 01, 1991
    WWW: http://www.ebsb.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 24 (Domestic: 23, Interstate: No)
    OTS Docket #: 8530
    FDIC's unique #: 47258
    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: September 01, 1991
    Last Structure Change Effective Date: May 02, 2011
    Last Structure Change Process Date: June 07, 2011
    Last Data Update: June 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 Meridian Street, Boston, MA 2128
    County: Suffolk
    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: Boston-Quincy, MA (#14484)
  • Financial Summary
  • Total assets: $1,946.5 mil
    Equity capital: $181.0 mil
    Deposits held in domestic offices: $1,609.3 mil
    Return on assets (ROA): 0.60% ($11.7 mil)
    Quarterly return on assets: 0.42% ($8.2 mil)
    Return on Equity (ROE): 6.42% ($11.6 mil)
    Quarterly return on equity: 4.47% ($8.1 mil)
    Net income: $11.4 mil
    Quarterly Net income: $2.0 mil
    Pretax return on assets: 0.93% ($18,102.3 mil)
    Quarterly Pretax return on assets: 0.62% ($12,068.2 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
  • 385Total employees (full-time equivalent)
  • $1,946,482Total assets
  • $156,622Cash and due from depository institutions
  • $134,867Interest-bearing balances
  • $322,816Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,346,717Net loans & leases
  • $13,053Loan loss allowance
  • $0Trading account assets
  • $36,991Bank premises and fixed assets
  • $3,853Other real estate owned
  • $14,220Goodwill and other intangibles
  • $1,946,482Life insurance assets
  • $65,263All other assets
  • $1,765,520Total liabilities and capital
  • $1,609,327Total liabilities
  • $1,459,927Total deposits
  • $1,609,327Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 16527.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $114,923Trading liabilities
  • $0Other borrowed funds
  • $24,743Subordinated debt
  • $180,962All other liabilities
  • $180,962Total equity capital
  • $180,962Total bank equity capital
  • $0Perpetual preferred stock
  • $561Common stock
  • $49,154Surplus
  • $131,247Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,192Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $53,694Income earned, not collected on loans
  • $37Earning assets
  • $7,197Long-term assets (5+ years)
  • $1,804,400Average Assets, year-to-date
  • $486,478Average Assets, quarterly
  • $1,887,829Volatile liabilities
  • $1,931,266Insider loans
  • $1,562,851FHLB advances
  • $1,908,196Loans and leases held for sale
  • $35,050Unused loan commitments
  • $35,050Tier 1 (core) risk-based capital
  • $162,661Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $303,148Restructured Loans and leases
  • $10,064Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $80,235Total interest income
  • $21,464Total interest expense
  • $58,771Net interest income
  • $3,662Provision for loan and lease losses
  • $9,673Total noninterest income
  • $0Fiduciary activities
  • $3,248Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,425Additional noninterest income
  • $51,697Total noninterest expense
  • $30,427Salaries and employee benefits
  • $6,119Premises and equipment expense
  • $15,151Additional noninterest expense
  • $13,085Pre-tax net operating income
  • $4,464Securities gains (losses)
  • $6,192Applicable income taxes
  • $11,357Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,357Net income attributable to bank
  • $0Net charge-offs
  • $11,357Cash dividends
  • $764Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 6.42%Return on equity (ROE)
  • 6.42%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 479.32%Credit loss provision to net charge-offs
  • 21.92%Efficiency ratio
  • 75,532Assets per employee
  • 5.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 24.31%Noncurrent assets plus other real estate owned to assets
  • 2.96%Noncurrent loans to loans
  • 3.95%Net loans and leases to deposits
  • 83.68%Net loans and leases to core deposits
  • 90.60%Equity capital to assets
  • 9.30%Core capital (leverage) ratio
  • 8.52%Tier 1 risk-based capital ratio
  • 10.41%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,887,829Average earning assets
  • $176,985Average equity
  • $1,746,052Average loans

List of branches

  • 24 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047258East Boston Savings Bank10 Meridian Street, Boston, MA 2128September 01, 1991Full Service Brick and Mortar
    2290989Bennington Street Branch1 Bennington Street, Boston, MA 2128December 16, 1957Full Service Brick and Mortar
    3290990Orient Heights Branch856 Bennington Street, Boston, MA 2128November 05, 1975Full Service Brick and Mortar
    4290991Central Street Branch320 Central Street, Saugus, MA 1906May 05, 1987Full Service Brick and Mortar
    5291310Village Park Branch317 Main Street, Saugus, MA 1906May 21, 1977Full Service Brick and Mortar
    6289691Winthrop Branch15 Bartlett Road, Winthrop, MA 2152August 18, 1993Full Service Brick and Mortar
    7289692Revere Branch575 Broadway, Revere, MA 2151December 11, 1995Full Service Brick and Mortar
    9422496Prospect Street Branch67 Prospect Street, Peabody, MA 1960March 11, 2002Full Service Brick and Mortar
    10431694Melrose Branch108 Main Street, Melrose, MA 2176August 30, 2004Full Service Brick and Mortar
    11457524Everett Branch1755 Revere Beach Parkway, Everett, MA 2149November 27, 2006Full Service Brick and Mortar
    12467332Lynn Branch335 Broadway, Lynn, MA 1903July 23, 2007Full Service Brick and Mortar
    13481553Wakefield Branch381 Main Street, Wakefield, MA 1880October 09, 2008Full Service Brick and Mortar
    14494463Medford Branch410 Riverside Avenue, Medford, MA 2155August 25, 2009Full Service Brick and Mortar
    1535244Mt. Washington Co-Operative Branch430 West Broadway, South Boston, MA 2127January 01, 1893Full Service Brick and Mortar
    16259674South Boston Branch708 East Broadway, South Boston, MA 2127August 01, 1982Full Service Brick and Mortar
    17418997Andrew Square Branch501 South Hampton Street, South Boston, MA 2127August 29, 2002Full Service Brick and Mortar
    18423059Gallivan Boulevard Branch489 Gallivan Boulevard, Dorchester, MA 2124October 01, 2003Full Service Brick and Mortar
    20468135Talbot Avenue Branch305 Talbot Avenue, Dorchester, MA 2124August 13, 2007Full Service Brick and Mortar
    2135395Roxbury-Highland Branch515 Centre Street, Boston, MA 2130January 01, 1889Full Service Brick and Mortar
    22518080Squire Road Branch126 Squire Road, Revere, MA 2151January 24, 2011Full Service Brick and Mortar
    23518081West Roxbury Branch1981-1985 Centre Street, West Roxbury, MA 2132January 10, 2011Full Service Brick and Mortar
    24520803Mt. Washington Bank Branch1134 Washington Street, Boston, MA 2118May 31, 2011Full Service Brick and Mortar
    25526490Danvers Branch10 Elm Street, Danvers, MA 1923October 03, 2011Full Service Brick and Mortar
    26528462Cambridge Branch2172 Massachusetts Avenue, Cambridge, MA 2140Febuary 13, 2012Full Service Brick and Mortar

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