FamilyFirst Bank in Ware, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


FamilyFirst Bank - Overview

  • General
  • FDIC Certificate #: 26594
    Status: Active
    Federal Reserve ID: 57572
    Date Established: January 01, 1920
    WWW: http://www.familyfirstbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 4278
    FDIC's unique #: 35299
    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: March 07, 1986
    Last Structure Change Effective Date: April 01, 2007
    Last Structure Change Process Date: April 02, 2007
    Last Data Update: April 02, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 40 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)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $57.1 mil
    Equity capital: $5.4 mil
    Deposits held in domestic offices: $39.7 mil
    Return on assets (ROA): -0.16% (-$0.1 mil)
    Quarterly return on assets: 0.13% ($0.1 mil)
    Return on Equity (ROE): -1.67% (-$0.1 mil)
    Quarterly return on equity: 1.33% ($0.1 mil)
    Net income: -$0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.35% (-$199.9 mil)
    Quarterly Pretax return on assets: -0.01% (-$5.7 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
  • 18Total employees (full-time equivalent)
  • $57,127Total assets
  • $4,264Cash and due from depository institutions
  • $2,536Interest-bearing balances
  • $12,246Securities
  • $1,232Federal funds sold & reverse repurchase agreements
  • $32,382Net loans & leases
  • $253Loan loss allowance
  • $0Trading account assets
  • $2,372Bank premises and fixed assets
  • $0Other real estate owned
  • $148Goodwill and other intangibles
  • $57,127Life insurance assets
  • $4,483All other assets
  • $51,750Total liabilities and capital
  • $39,674Total liabilities
  • $35,967Total deposits
  • $39,674Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,853Trading liabilities
  • $0Other borrowed funds
  • $1,223Subordinated debt
  • $5,377All other liabilities
  • $5,377Total equity capital
  • $5,377Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $5,217Surplus
  • $160Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $727Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $515Income earned, not collected on loans
  • $0Earning assets
  • $185Long-term assets (5+ years)
  • $48,396Average Assets, year-to-date
  • $29,696Average Assets, quarterly
  • $57,237Volatile liabilities
  • $56,761Insider loans
  • $30,063FHLB advances
  • $55,337Loans and leases held for sale
  • $2,432Unused loan commitments
  • $2,432Tier 1 (core) risk-based capital
  • $4,615Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,817Restructured Loans and leases
  • $982Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,348Total interest income
  • $827Total interest expense
  • $1,521Net interest income
  • $12Provision for loan and lease losses
  • $317Total noninterest income
  • $0Fiduciary activities
  • $73Service charges on deposit accounts
  • $0Trading account gains & fees
  • $244Additional noninterest income
  • $2,055Total noninterest expense
  • $1,118Salaries and employee benefits
  • $321Premises and equipment expense
  • $616Additional noninterest expense
  • -$229Pre-tax net operating income
  • $30Securities gains (losses)
  • -$109Applicable income taxes
  • -$90Income before extraordinary items
  • $0Extraordinary gains - net
  • -$90Net income attributable to bank
  • $0Net charge-offs
  • -$90Cash dividends
  • $26Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 3.13%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 4.22%Noninterest expense to earning assets
  • -0.19%Net operating income to assets
  • -0.16%Return on assets (ROA)
  • -0.35%Pretax return on assets
  • -1.67%Return on equity (ROE)
  • -1.67%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 46.15%Credit loss provision to net charge-offs
  • -8.35%Efficiency ratio
  • 111,806Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.78%Loss allowance to noncurrent loans
  • 49.13%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 1.58%Net loans and leases to deposits
  • 81.62%Net loans and leases to core deposits
  • 84.71%Equity capital to assets
  • 9.41%Core capital (leverage) ratio
  • 8.34%Tier 1 risk-based capital ratio
  • 15.35%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $57,237Average earning assets
  • $5,401Average equity
  • $48,642Average loans

List of branches

  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035299Familyfirst Bank40 Main Street, Ware, MA 1082January 01, 1920Full Service Brick and Mortar
    2259733Three Rivers Branch2060 Main Street, Three Rivers, MA 1080January 28, 1957Full Service Brick and Mortar
    3468447East Brookfield Branch100 West Main Street, East Brookfield, MA 1515October 01, 2007Full Service Brick and Mortar

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