Institution for Savings in Newburyport and Its Vicinity in Newburyport, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Institution for Savings in Newburyport and Its Vicinity in Newburyport, Massachusetts (MA)
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Institution for Savings in Newburyport and Its Vicinity - Overview

  • General
  • FDIC Certificate #: 90250
    Status: Active
    Federal Reserve ID: 272302
    Date Established: January 01, 1820
    WWW: http://www.institutionforsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Domestic: 8, Interstate: No)
    FDIC's unique #: 17840
    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: August 13, 1985
    Last Structure Change Effective Date: July 01, 2007
    Last Structure Change Process Date: July 16, 2007
    Last Data Update: July 16, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 93 State Street, Newburyport, MA 1950
    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): 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: Peabody, MA (#37764)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,303.4 mil
    Equity capital: $168.2 mil
    Deposits held in domestic offices: $1,053.1 mil
    Return on assets (ROA): 1.31% ($17.1 mil)
    Quarterly return on assets: 1.17% ($15.2 mil)
    Return on Equity (ROE): 9.87% ($16.6 mil)
    Quarterly return on equity: 9.10% ($15.3 mil)
    Net income: $16.0 mil
    Quarterly Net income: $3.7 mil
    Pretax return on assets: 1.85% ($24,113.0 mil)
    Quarterly Pretax return on assets: 1.47% ($19,160.1 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
  • 110Total employees (full-time equivalent)
  • $1,303,406Total assets
  • $112,915Cash and due from depository institutions
  • $109,160Interest-bearing balances
  • $339,992Securities
  • $5,592Federal funds sold & reverse repurchase agreements
  • $772,994Net loans & leases
  • $5,144Loan loss allowance
  • $0Trading account assets
  • $19,917Bank premises and fixed assets
  • $446Other real estate owned
  • $0Goodwill and other intangibles
  • $1,303,406Life insurance assets
  • $51,550All other assets
  • $1,135,186Total liabilities and capital
  • $1,053,142Total liabilities
  • $1,012,934Total deposits
  • $1,053,142Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 24940.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $48,594Trading liabilities
  • $0Other borrowed funds
  • $8,510Subordinated debt
  • $168,220All other liabilities
  • $168,220Total equity capital
  • $168,220Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $168,220Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,867Income earned, not collected on loans
  • $0Earning assets
  • $3,857Long-term assets (5+ years)
  • $1,227,738Average Assets, year-to-date
  • $818,378Average Assets, quarterly
  • $1,228,751Volatile liabilities
  • $1,270,835Insider loans
  • $705,393FHLB advances
  • $1,245,215Loans and leases held for sale
  • $37,596Unused loan commitments
  • $37,596Tier 1 (core) risk-based capital
  • $158,386Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $99,190Restructured Loans and leases
  • $5,805Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $46,196Total interest income
  • $15,645Total interest expense
  • $30,551Net interest income
  • $600Provision for loan and lease losses
  • $2,685Total noninterest income
  • $0Fiduciary activities
  • $257Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,428Additional noninterest income
  • $19,025Total noninterest expense
  • $10,210Salaries and employee benefits
  • $2,195Premises and equipment expense
  • $6,620Additional noninterest expense
  • $13,611Pre-tax net operating income
  • $9,075Securities gains (losses)
  • $6,637Applicable income taxes
  • $16,049Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,049Net income attributable to bank
  • $0Net charge-offs
  • $16,049Cash dividends
  • $138Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.97%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 2.62%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 1.63%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 9.87%Return on equity (ROE)
  • 9.87%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 434.78%Credit loss provision to net charge-offs
  • 102.98%Efficiency ratio
  • 57,242Assets per employee
  • 11.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.66%Loss allowance to noncurrent loans
  • 87.68%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 73.40%Net loans and leases to core deposits
  • 83.85%Equity capital to assets
  • 12.91%Core capital (leverage) ratio
  • 12.72%Tier 1 risk-based capital ratio
  • 22.45%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $1,228,751Average earning assets
  • $162,647Average equity
  • $1,163,926Average loans

List of branches

  • 9 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017840Institution For Savings In Newburypo93 State Street, Newburyport, MA 1950January 01, 1820Full Service Brick and Mortar
    1291362Storey Avenue BranchStorey Avenue And Woodmen Way, Newburyport, MA 1950April 23, 1973Full Service Brick and Mortar
    2460995Salisbury Branch7 Bridge Road, Salisbury, MA 1952October 16, 2006Full Service Brick and Mortar
    333100Ipswich Co-Operative Bank Branch2-8 Depot Square, Ipswich, MA 1938January 01, 1913Full Service Brick and Mortar
    4259441Ipswich High School Branch130 High Street, Ipswich, MA 1938November 14, 1990Full Service Brick and Mortar
    5468640Rowley Branch312 Haverhill Street, Rowley, MA 1969October 01, 2007Full Service Brick and Mortar
    7492517Triton Regional High School Branch112 Elm Street, Byfield, MA 1922September 01, 2008Full Service Brick and Mortar
    8522183Powder House Village Branch112 County Road, Ipswich, MA 1938August 01, 2011Full Service Brick and Mortar
    9527933Newburyport High School Branch241 High Street, Newburyport, MA 1950January 23, 2012

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