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

  • Georgetown Savings Bank in Georgetown, Massachusetts (MA)
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Georgetown Savings Bank - Overview

  • General
  • FDIC Certificate #: 90202
    Status: Active
    Federal Reserve ID: 904201
    Date Established: May 21, 1868
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 17986
    FDIC's unique #: 17793
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 26, 1985
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 East Main Street, Georgetown, MA 1833
    County: Essex
    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): Lawrence, MA-NH (#4160)
    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: Peabody, MA (#37764)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $199.4 mil
    Equity capital: $19.2 mil
    Deposits held in domestic offices: $152.6 mil
    Return on assets (ROA): 0.51% ($1.0 mil)
    Quarterly return on assets: 0.85% ($1.7 mil)
    Return on Equity (ROE): 5.48% ($1.0 mil)
    Quarterly return on equity: 8.79% ($1.7 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.80% ($1,595.1 mil)
    Quarterly Pretax return on assets: 1.37% ($2,731.6 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
  • 45Total employees (full-time equivalent)
  • $199,386Total assets
  • $11,621Cash and due from depository institutions
  • $8,600Interest-bearing balances
  • $6,497Securities
  • $7,460Federal funds sold & reverse repurchase agreements
  • $161,879Net loans & leases
  • $1,503Loan loss allowance
  • $0Trading account assets
  • $3,882Bank premises and fixed assets
  • $30Other real estate owned
  • $458Goodwill and other intangibles
  • $199,386Life insurance assets
  • $7,559All other assets
  • $180,147Total liabilities and capital
  • $152,586Total liabilities
  • $134,535Total deposits
  • $152,586Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 574.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,464Trading liabilities
  • $0Other borrowed funds
  • $1,523Subordinated debt
  • $19,239All other liabilities
  • $19,239Total equity capital
  • $19,239Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $9,509Surplus
  • $9,730Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,851Income earned, not collected on loans
  • $0Earning assets
  • $627Long-term assets (5+ years)
  • $184,436Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $201,538Volatile liabilities
  • $197,589Insider loans
  • $145,134FHLB advances
  • $199,252Loans and leases held for sale
  • $2,696Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,105Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,564Restructured Loans and leases
  • $4,331Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,702Total interest income
  • $2,468Total interest expense
  • $8,234Net interest income
  • $946Provision for loan and lease losses
  • $992Total noninterest income
  • $0Fiduciary activities
  • $481Service charges on deposit accounts
  • $0Trading account gains & fees
  • $511Additional noninterest income
  • $6,675Total noninterest expense
  • $3,915Salaries and employee benefits
  • $1,030Premises and equipment expense
  • $1,730Additional noninterest expense
  • $1,605Pre-tax net operating income
  • $0Securities gains (losses)
  • $587Applicable income taxes
  • $1,018Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,018Net income attributable to bank
  • $0Net charge-offs
  • $1,018Cash dividends
  • $1,056Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.71%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 4.40%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 5.48%Return on equity (ROE)
  • 5.48%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 89.58%Credit loss provision to net charge-offs
  • 2.42%Efficiency ratio
  • 72,350Assets per employee
  • 4.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 52.72%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 1.74%Net loans and leases to deposits
  • 106.09%Net loans and leases to core deposits
  • 110.64%Equity capital to assets
  • 9.65%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 13.16%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $201,538Average earning assets
  • $18,589Average equity
  • $187,313Average loans

List of branches

  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017793Georgetown Savings Bank2 East Main Street, Georgetown, MA 1833May 21, 1868Full Service Brick and Mortar
    1291157Rowley Branch303 Haverhill Street, Rowley, MA 1969January 04, 1999Full Service Brick and Mortar
    2464403North Andover Branch75 Turnpike Road, North Andover, MA 1845December 05, 2005Full Service Brick and Mortar

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