Hingham Institution for Savings in Hingham, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Hingham Institution for Savings in Hingham, Massachusetts (MA)
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Hingham Institution for Savings - Overview

  • General
  • FDIC Certificate #: 90211
    Status: Active
    Federal Reserve ID: 673909
    Date Established: April 02, 1834
    WWW: http://www.hinghamsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 8328
    FDIC's unique #: 17802
    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: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1985
    Last Structure Change Effective Date: December 01, 2006
    Last Structure Change Process Date: December 01, 2006
    Last Data Update: December 01, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 Main Street, Hingham, MA 2043
    County: Plymouth
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South 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: Boston-Quincy, MA (#14484)
  • Financial Summary
  • Total assets: $1,127.3 mil
    Equity capital: $82.3 mil
    Deposits held in domestic offices: $790.5 mil
    Return on assets (ROA): 1.13% ($12.7 mil)
    Quarterly return on assets: 1.12% ($12.6 mil)
    Return on Equity (ROE): 15.55% ($12.8 mil)
    Quarterly return on equity: 15.29% ($12.5 mil)
    Net income: $12.1 mil
    Quarterly Net income: $3.1 mil
    Pretax return on assets: 1.91% ($21,531.2 mil)
    Quarterly Pretax return on assets: 1.90% ($21,418.5 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
  • 112Total employees (full-time equivalent)
  • $1,127,290Total assets
  • $128,168Cash and due from depository institutions
  • $119,250Interest-bearing balances
  • $97,766Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $849,790Net loans & leases
  • $7,516Loan loss allowance
  • $0Trading account assets
  • $10,597Bank premises and fixed assets
  • $3,629Other real estate owned
  • $0Goodwill and other intangibles
  • $1,127,290Life insurance assets
  • $36,840All other assets
  • $1,045,025Total liabilities and capital
  • $790,503Total liabilities
  • $726,951Total deposits
  • $790,503Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $248,578Trading liabilities
  • $0Other borrowed funds
  • $5,944Subordinated debt
  • $82,265All other liabilities
  • $82,265Total equity capital
  • $82,265Total bank equity capital
  • $0Perpetual preferred stock
  • $2,126Common stock
  • $10,500Surplus
  • $69,639Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,753Income earned, not collected on loans
  • $0Earning assets
  • $2,858Long-term assets (5+ years)
  • $1,067,306Average Assets, year-to-date
  • $349,463Average Assets, quarterly
  • $1,066,106Volatile liabilities
  • $1,106,498Insider loans
  • $661,291FHLB advances
  • $1,098,142Loans and leases held for sale
  • $14,524Unused loan commitments
  • $14,524Tier 1 (core) risk-based capital
  • $82,030Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $128,770Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $48,444Total interest income
  • $12,618Total interest expense
  • $35,826Net interest income
  • $1,100Provision for loan and lease losses
  • $1,591Total noninterest income
  • $0Fiduciary activities
  • $622Service charges on deposit accounts
  • $0Trading account gains & fees
  • $969Additional noninterest income
  • $15,982Total noninterest expense
  • $8,894Salaries and employee benefits
  • $1,610Premises and equipment expense
  • $5,478Additional noninterest expense
  • $20,335Pre-tax net operating income
  • $0Securities gains (losses)
  • $8,273Applicable income taxes
  • $12,062Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,062Net income attributable to bank
  • $0Net charge-offs
  • $12,062Cash dividends
  • $489Sale, conversion, retirement of capital stock, net
  • $2,656Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 1.58%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 15.55%Return on equity (ROE)
  • 12.12%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 224.95%Credit loss provision to net charge-offs
  • 43.83%Efficiency ratio
  • 42,713Assets per employee
  • 10.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.02%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 111.30%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 0.79%Net loans and leases to deposits
  • 107.50%Net loans and leases to core deposits
  • 120.26%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 7.47%Tier 1 risk-based capital ratio
  • 12.40%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,066,106Average earning assets
  • $77,584Average equity
  • $1,009,578Average loans

List of branches

  • 11 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017802Hingham Institution For Savings55 Main Street, Hingham, MA 2043April 02, 1834Full Service Brick and Mortar
    2291191Nantasket Avenue Branch401 Nantasket Avenue, Hull, MA 2045June 28, 1976Full Service Brick and Mortar
    3291192South Hingham Branch37 Whiting Street, South Hingham, MA 2043April 21, 1977Full Service Brick and Mortar
    4291193Drive-In Branch71 Main Street, Hingham, MA 2043December 01, 1973Limited Service Facility
    5291194North Scituate Branch400 Gannett Road, North Scituate, MA 2066October 02, 1995Full Service Brick and Mortar
    6291195Cohasset Branch13 Elm Street, Cohasset, MA 2025December 11, 1995Full Service Brick and Mortar
    7291196South Weymouth Branch32 Pleasant Street, South Weymouth, MA 2190Febuary 25, 1999Full Service Brick and Mortar
    8432650Linden Ponds Branch300 Linden Ponds Way, Hingham, MA 2043October 18, 2004Full Service Brick and Mortar
    9455425Boston Branch540 Tremont Street, Boston, MA 2116October 02, 2006Full Service Brick and Mortar
    10477933Norwell Branch5 Assinippi Avenue, Hanover, MA 2339June 23, 2008Full Service Brick and Mortar
    11526218Beacon Hill Branch80 Charles Street, Boston, MA 2114October 18, 2011Full Service Brick and Mortar

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