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

East Cambridge Savings Bank - Overview

  • General
  • FDIC Certificate #: 90173
    Status: Active
    Federal Reserve ID: 738303
    Date Established: April 02, 1854
    WWW: http://www.ecsb.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 14622
    FDIC's unique #: 17766
    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: June 18, 1985
    Last Structure Change Effective Date: March 30, 2007
    Last Structure Change Process Date: April 09, 2007
    Last Data Update: April 09, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 292 Cambridge Street, Cambridge, MA 2141
    County: Middlesex
    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: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $803.6 mil
    Equity capital: $83.7 mil
    Deposits held in domestic offices: $690.6 mil
    Return on assets (ROA): 0.53% ($4.3 mil)
    Quarterly return on assets: 0.52% ($4.2 mil)
    Return on Equity (ROE): 5.08% ($4.3 mil)
    Quarterly return on equity: 4.94% ($4.1 mil)
    Net income: $4.3 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.81% ($6,509.1 mil)
    Quarterly Pretax return on assets: 0.80% ($6,428.7 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
  • 147Total employees (full-time equivalent)
  • $803,587Total assets
  • $77,949Cash and due from depository institutions
  • $57,782Interest-bearing balances
  • $184,938Securities
  • $1,980Federal funds sold & reverse repurchase agreements
  • $490,660Net loans & leases
  • $3,828Loan loss allowance
  • $0Trading account assets
  • $14,603Bank premises and fixed assets
  • $192Other real estate owned
  • $304Goodwill and other intangibles
  • $803,587Life insurance assets
  • $32,961All other assets
  • $719,865Total liabilities and capital
  • $690,650Total liabilities
  • $617,128Total deposits
  • $690,650Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,601Trading liabilities
  • $0Other borrowed funds
  • $16,614Subordinated debt
  • $83,722All other liabilities
  • $83,722Total equity capital
  • $83,722Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $85,752Surplus
  • $-2,030Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,565Income earned, not collected on loans
  • $0Earning assets
  • $2,608Long-term assets (5+ years)
  • $735,360Average Assets, year-to-date
  • $368,437Average Assets, quarterly
  • $806,721Volatile liabilities
  • $810,178Insider loans
  • $443,418FHLB advances
  • $804,724Loans and leases held for sale
  • $12,701Unused loan commitments
  • $12,592Tier 1 (core) risk-based capital
  • $84,003Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $109Total unused commitments
  • $45,208Restructured Loans and leases
  • $8,161Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,811Total interest income
  • $6,996Total interest expense
  • $24,815Net interest income
  • $134Provision for loan and lease losses
  • $2,531Total noninterest income
  • $0Fiduciary activities
  • $1,240Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,291Additional noninterest income
  • $21,505Total noninterest expense
  • $12,460Salaries and employee benefits
  • $2,988Premises and equipment expense
  • $6,057Additional noninterest expense
  • $5,707Pre-tax net operating income
  • $790Securities gains (losses)
  • $2,236Applicable income taxes
  • $4,261Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,261Net income attributable to bank
  • $0Net charge-offs
  • $4,261Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 5.08%Return on equity (ROE)
  • 5.08%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 1675.00%Credit loss provision to net charge-offs
  • 730.13%Efficiency ratio
  • 78,388Assets per employee
  • 5.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 107.38%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 71.04%Net loans and leases to core deposits
  • 78.19%Equity capital to assets
  • 10.42%Core capital (leverage) ratio
  • 10.44%Tier 1 risk-based capital ratio
  • 18.94%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $806,721Average earning assets
  • $83,850Average equity
  • $741,052Average loans

List of branches

  • 9 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017766East Cambridge Savings Bank292 Cambridge Street, Cambridge, MA 2141April 02, 1854Full Service Brick and Mortar
    1291049Cambridge Branch1310 Cambridge Street, Cambridge, MA 2139Febuary 28, 1966Full Service Brick and Mortar
    2291050Highland Branch285 Highland Avenue, Somerville, MA 2143August 02, 1976Full Service Brick and Mortar
    4291052Cambridge Branch459 Broadway, Cambridge, MA 2138April 27, 1989Limited Service Mobile
    5291053Belmont Branch395 Trapelo Road, Belmont, MA 2478November 17, 1997Full Service Brick and Mortar
    6363811Wal-Lex Shopping Center Branch860 Lexington Street, Waltham, MA 2452May 13, 2002Full Service Brick and Mortar
    7456676Arlington Branch105 Broadway, Arlington, MA 2474November 11, 2006Full Service Brick and Mortar
    847756Cambridge Branch2067 Massachusetts Avenue, Cambridge, MA 2140May 02, 1984Full Service Brick and Mortar
    9466491Salem Street Office Branch243 Salem Street, Medford, MA 2155Febuary 01, 2007Full Service Brick and Mortar

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