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

Greenfield Savings Bank - Overview

  • General
  • FDIC Certificate #: 90206
    Status: Active
    Federal Reserve ID: 632607
    Bank Holding Company (Regulatory Top Holder): Gsb, Mhc (RSSDID: 3309889, Location: Greenfield, MA)
    Date Established: March 19, 1869
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 12703
    FDIC's unique #: 17797
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: November 04, 1985
    Last Structure Change Effective Date: October 11, 2006
    Last Structure Change Process Date: October 11, 2006
    Last Data Update: October 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Main Street, Greenfield, MA 1301
    County: Franklin
    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
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • Financial Summary
  • Total assets: $640.0 mil
    Equity capital: $69.2 mil
    Deposits held in domestic offices: $458.2 mil
    Return on assets (ROA): 0.58% ($3.7 mil)
    Quarterly return on assets: 0.65% ($4.2 mil)
    Return on Equity (ROE): 5.48% ($3.8 mil)
    Quarterly return on equity: 5.96% ($4.1 mil)
    Net income: $3.6 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.73% ($4,672.1 mil)
    Quarterly Pretax return on assets: 0.81% ($5,184.1 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
  • 129Total employees (full-time equivalent)
  • $640,007Total assets
  • $25,240Cash and due from depository institutions
  • $19,363Interest-bearing balances
  • $150,293Securities
  • $125Federal funds sold & reverse repurchase agreements
  • $417,993Net loans & leases
  • $5,035Loan loss allowance
  • $0Trading account assets
  • $14,182Bank premises and fixed assets
  • $918Other real estate owned
  • $1,431Goodwill and other intangibles
  • $640,007Life insurance assets
  • $29,825All other assets
  • $570,843Total liabilities and capital
  • $458,180Total liabilities
  • $441,991Total deposits
  • $458,180Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 16989.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $85,286Trading liabilities
  • $0Other borrowed funds
  • $10,388Subordinated debt
  • $69,164All other liabilities
  • $69,164Total equity capital
  • $69,164Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $63,393Surplus
  • $5,761Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,073Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,291Income earned, not collected on loans
  • $0Earning assets
  • $1,995Long-term assets (5+ years)
  • $587,774Average Assets, year-to-date
  • $286,617Average Assets, quarterly
  • $627,305Volatile liabilities
  • $634,024Insider loans
  • $358,514FHLB advances
  • $625,491Loans and leases held for sale
  • $15,662Unused loan commitments
  • $15,662Tier 1 (core) risk-based capital
  • $63,670Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $91,120Restructured Loans and leases
  • $8,580Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,084Total interest income
  • $7,948Total interest expense
  • $18,136Net interest income
  • $900Provision for loan and lease losses
  • $5,159Total noninterest income
  • $1,316Fiduciary activities
  • $1,347Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,496Additional noninterest income
  • $18,414Total noninterest expense
  • $10,137Salaries and employee benefits
  • $2,585Premises and equipment expense
  • $5,692Additional noninterest expense
  • $3,981Pre-tax net operating income
  • $580Securities gains (losses)
  • $912Applicable income taxes
  • $3,649Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,649Net income attributable to bank
  • $0Net charge-offs
  • $3,649Cash dividends
  • $183Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 3.15%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 5.48%Return on equity (ROE)
  • 5.48%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 491.80%Credit loss provision to net charge-offs
  • 26.67%Efficiency ratio
  • 79,047Assets per employee
  • 4.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 152.99%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 91.23%Net loans and leases to core deposits
  • 99.97%Equity capital to assets
  • 10.81%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 17.76%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $627,305Average earning assets
  • $66,631Average equity
  • $576,129Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $162,487Managed Assets
  • 1Number of Accounts
  • $158,212Personal trust and agency accounts
  • $78,960Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $11,466Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $67,786Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 589Number of Accounts
  • $0Personal trust and agency accounts
  • $11,466Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,275Other retirement accounts
  • $3,496Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $779Fiduciary accounts held in foreign offices

List of branches

  • 6 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017797Greenfield Savings Bank400 Main Street, Greenfield, MA 1301March 19, 1869Full Service Brick and Mortar
    1291164Turners Falls Branch282 Avenue A, Turners Falls, MA 1376July 03, 1967Full Service Brick and Mortar
    2291165South Deerfield BranchConway Road And Main Street, South Deerfield, MA 1373March 06, 1972Full Service Brick and Mortar
    3291166Shelburne Falls Branch58 Bridge Street, Shelburne, MA 1370June 06, 1988Full Service Brick and Mortar
    5363114University Drive Branch6 University Drive, Amherst, MA 1002Febuary 20, 2002Full Service Brick and Mortar
    617866Conway BranchParsons Road And Route 116, Conway, MA 1341March 28, 1855Full Service Brick and Mortar

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