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


  • Haverhill Bank in Haverhill, Massachusetts (MA)
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Haverhill Bank - Overview

  • General
  • FDIC Certificate #: 26411
    Status: Active
    Federal Reserve ID: 109574
    Date Established: January 01, 1877
    WWW: http://www.haverhillbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Domestic: 6, Interstate: No)
    OTS Docket #: 4530
    FDIC's unique #: 33028
    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: October 24, 1985
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 20, 2012
    Last Data Update: January 20, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 180 Merrimack Street, Haverhill, MA 1830
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $260.7 mil
    Equity capital: $29.8 mil
    Deposits held in domestic offices: $219.7 mil
    Return on assets (ROA): 0.31% ($0.8 mil)
    Quarterly return on assets: -0.13% (-$0.3 mil)
    Return on Equity (ROE): 2.69% ($0.8 mil)
    Quarterly return on equity: -1.17% (-$0.4 mil)
    Net income: $0.8 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.44% ($1,147.2 mil)
    Quarterly Pretax return on assets: -0.27% (-$704.0 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
  • 65Total employees (full-time equivalent)
  • $260,730Total assets
  • $10,040Cash and due from depository institutions
  • $6,601Interest-bearing balances
  • $41,123Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $191,094Net loans & leases
  • $2,334Loan loss allowance
  • $0Trading account assets
  • $4,950Bank premises and fixed assets
  • $341Other real estate owned
  • $0Goodwill and other intangibles
  • $260,730Life insurance assets
  • $13,182All other assets
  • $230,972Total liabilities and capital
  • $219,684Total liabilities
  • $196,593Total deposits
  • $219,684Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,201Trading liabilities
  • $0Other borrowed funds
  • $2,087Subordinated debt
  • $29,758All other liabilities
  • $29,758Total equity capital
  • $29,758Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $28,431Surplus
  • $1,327Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,599Income earned, not collected on loans
  • $0Earning assets
  • $824Long-term assets (5+ years)
  • $238,818Average Assets, year-to-date
  • $139,517Average Assets, quarterly
  • $254,925Volatile liabilities
  • $259,482Insider loans
  • $150,842FHLB advances
  • $258,500Loans and leases held for sale
  • $7,081Unused loan commitments
  • $7,081Tier 1 (core) risk-based capital
  • $28,476Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,269Restructured Loans and leases
  • $2,331Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,906Total interest income
  • $2,397Total interest expense
  • $8,509Net interest income
  • $180Provision for loan and lease losses
  • $1,504Total noninterest income
  • $0Fiduciary activities
  • $610Service charges on deposit accounts
  • $0Trading account gains & fees
  • $894Additional noninterest income
  • $8,708Total noninterest expense
  • $4,474Salaries and employee benefits
  • $1,086Premises and equipment expense
  • $3,148Additional noninterest expense
  • $1,125Pre-tax net operating income
  • $0Securities gains (losses)
  • $341Applicable income taxes
  • $784Income before extraordinary items
  • $0Extraordinary gains - net
  • $784Net income attributable to bank
  • $0Net charge-offs
  • $784Cash dividends
  • $586Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.67%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.75%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 2.69%Return on equity (ROE)
  • 2.69%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 30.72%Credit loss provision to net charge-offs
  • 2.23%Efficiency ratio
  • 86,967Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 89.80%Noncurrent assets plus other real estate owned to assets
  • 1.13%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 86.99%Net loans and leases to core deposits
  • 101.55%Equity capital to assets
  • 11.41%Core capital (leverage) ratio
  • 11.02%Tier 1 risk-based capital ratio
  • 18.88%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $254,925Average earning assets
  • $29,177Average equity
  • $232,013Average loans

List of branches

  • 7 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033028Haverhill Bank180 Merrimack Street, Haverhill, MA 1830January 01, 1877Full Service Brick and Mortar
    3259376Haverhill Branch163 South Main Street, Haverhill, MA 1835October 11, 1994Full Service Brick and Mortar
    4420129Main Street Haverhill Branch1094 Main Street, Haverhill, MA 1830July 11, 2003Full Service Brick and Mortar
    5100157Northeast Community Bank Branch100 Lafayette Square, Haverhill, MA 1832June 27, 1934Full Service Brick and Mortar
    7494071Haverhill High Office Branch137 Monument Ave., Haverhill, MA 1832December 16, 2008Full Service Brick and Mortar
    8494072Whitter Voc Tech High School Office115 Amesbury Line Road, Haverhill, MA 1830December 16, 2008Full Service Brick and Mortar
    935287West Main Street Branch6 Main Street, Merrimac, MA 1860January 01, 1889Full Service Brick and Mortar

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