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

Lee Bank - Overview

  • General
  • FDIC Certificate #: 33645
    Status: Active
    Federal Reserve ID: 790703
    Bank Holding Company (Regulatory Top Holder): Berkshire Financial Services, Inc. (RSSDID: 1985131, Location: Lee, MA)
    Date Established: July 01, 1992
    WWW: http://www.leebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 7811
    FDIC's unique #: 47726
    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, 1992
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 75 Park Street, Lee, MA 1238
    County: Berkshire
    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
    Metropolitan Statistical Area (MSA): Pittsfield, MA (#6320)
    Core Based Statistical Area (CBSA): Pittsfield, MA (#38340)
    CBSA Metro Statistical Area: Pittsfield, MA (#38340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $266.2 mil
    Equity capital: $27.7 mil
    Deposits held in domestic offices: $181.6 mil
    Return on assets (ROA): 0.61% ($1.6 mil)
    Quarterly return on assets: 0.72% ($1.9 mil)
    Return on Equity (ROE): 6.01% ($1.7 mil)
    Quarterly return on equity: 6.96% ($1.9 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.96% ($2,555.6 mil)
    Quarterly Pretax return on assets: 1.09% ($2,901.7 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
  • 60Total employees (full-time equivalent)
  • $266,207Total assets
  • $3,093Cash and due from depository institutions
  • $2,054Interest-bearing balances
  • $26,366Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $217,811Net loans & leases
  • $3,137Loan loss allowance
  • $0Trading account assets
  • $4,199Bank premises and fixed assets
  • $392Other real estate owned
  • $982Goodwill and other intangibles
  • $266,207Life insurance assets
  • $13,364All other assets
  • $238,482Total liabilities and capital
  • $181,565Total liabilities
  • $156,397Total deposits
  • $181,565Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $51,159Trading liabilities
  • $0Other borrowed funds
  • $5,758Subordinated debt
  • $27,725All other liabilities
  • $27,725Total equity capital
  • $27,725Total bank equity capital
  • $0Perpetual preferred stock
  • $1,100Common stock
  • $10,060Surplus
  • $16,565Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,345Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,252Income earned, not collected on loans
  • $0Earning assets
  • $619Long-term assets (5+ years)
  • $246,231Average Assets, year-to-date
  • $15,354Average Assets, quarterly
  • $267,373Volatile liabilities
  • $266,238Insider loans
  • $208,383FHLB advances
  • $265,338Loans and leases held for sale
  • $3,767Unused loan commitments
  • $2,548Tier 1 (core) risk-based capital
  • $28,265Tier 2 risk-based capital
  • $1,219Total risk weighted assets
  • $0Total unused commitments
  • $46,588Restructured Loans and leases
  • $2,430Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,669Total interest income
  • $2,701Total interest expense
  • $8,968Net interest income
  • $788Provision for loan and lease losses
  • $2,391Total noninterest income
  • $0Fiduciary activities
  • $538Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,853Additional noninterest income
  • $8,022Total noninterest expense
  • $4,571Salaries and employee benefits
  • $635Premises and equipment expense
  • $2,816Additional noninterest expense
  • $2,549Pre-tax net operating income
  • $13Securities gains (losses)
  • $936Applicable income taxes
  • $1,626Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,626Net income attributable to bank
  • $0Net charge-offs
  • $1,626Cash dividends
  • $348Sale, conversion, retirement of capital stock, net
  • $363Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.66%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 3.27%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 6.01%Return on equity (ROE)
  • 4.67%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 226.44%Credit loss provision to net charge-offs
  • 9.59%Efficiency ratio
  • 70,622Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.32%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 50.18%Noncurrent assets plus other real estate owned to assets
  • 2.50%Noncurrent loans to loans
  • 2.83%Net loans and leases to deposits
  • 119.96%Net loans and leases to core deposits
  • 124.71%Equity capital to assets
  • 10.41%Core capital (leverage) ratio
  • 10.65%Tier 1 risk-based capital ratio
  • 13.56%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $267,373Average earning assets
  • $27,050Average equity
  • $245,191Average loans

List of branches

  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047726Lee Bank75 Park Street, Lee, MA 1238July 01, 1992Full Service Brick and Mortar
    2291247Stockbridge BranchElm Street, Stockbridge, MA 1262October 15, 1974Full Service Brick and Mortar
    3289829Great Barrington Branch279 Main Street, Great Barrington, MA 1230January 01, 1997Full Service Brick and Mortar

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