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

This bank is inactive as of January 01, 1998

  • Leicester Savings Bank in Leicester, Massachusetts (MA)
  • Show street view No street view available for this location

Leicester Savings Bank - Overview

  • General
  • FDIC Certificate #: 90222
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Country Bank for Savings (#23992)
    Federal Reserve ID: 730606
    Date Established: April 17, 1869
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 9510
    FDIC's unique #: 17812
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 11, 1986
    Last Structure Change Effective Date: January 01, 1998
    Last Structure Change Process Date: January 09, 1998
    Last Data Update: January 09, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1084 Main Street, Leicester, MA 1524
    County: Worcester
    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): Worcester, MA-CT (#9240)
    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): Worcester, MA (#49340)
    CBSA Metro Statistical Area: Worcester, MA (#49340)
  • Financial Summary
  • Total assets: $29.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $29,808Total assets
  • $4,054Cash and due from depository institutions
  • $3,202Interest-bearing balances
  • $5,061Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $19,277Net loans & leases
  • $1,153Loan loss allowance
  • $0Trading account assets
  • $398Bank premises and fixed assets
  • $536Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $482All other assets
  • $29,808Total liabilities and capital
  • $29,761Total liabilities
  • $29,604Total deposits
  • $27,662Interest-bearing deposits
  • $29,604Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $157All other liabilities
  • $47Total equity capital
  • $47Total bank equity capital
  • $47Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $47Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $857Earning assets
  • $0Long-term assets (5+ years)
  • $147Average Assets, year-to-date
  • $27,540Average Assets, quarterly
  • $3,639Volatile liabilities
  • $32,039Insider loans
  • $30,529FHLB advances
  • $3,619Loans and leases held for sale
  • $292Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $405Total unused commitments
  • $0Restructured Loans and leases
  • $15,519Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $2,511Total interest income
  • $1,199Total interest expense
  • $1,312Net interest income
  • $1,308Provision for loan and lease losses
  • $80Total noninterest income
  • $0Fiduciary activities
  • $52Service charges on deposit accounts
  • $0Trading account gains & fees
  • $28Additional noninterest income
  • $1,912Total noninterest expense
  • $595Salaries and employee benefits
  • $259Premises and equipment expense
  • $1,058Additional noninterest expense
  • -$1,828Pre-tax net operating income
  • $0Securities gains (losses)
  • $106Applicable income taxes
  • -$1,934Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,934Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $831Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.47%Yield on earning assets
  • 4.05%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 6.45%Noninterest expense to earning assets
  • -6.04%Net operating income to assets
  • -6.04%Return on assets (ROA)
  • -5.71%Pretax return on assets
  • -160.26%Return on equity (ROE)
  • -160.26%Retained earnings to average equity (YTD only)
  • 3.49%Net charge-offs to loans
  • 157.40%Credit loss provision to net charge-offs
  • -0.63%Efficiency ratio
  • 137,356Assets per employee
  • 1.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.64%Loss allowance to noncurrent loans
  • 134.54%Noncurrent assets plus other real estate owned to assets
  • 4.67%Noncurrent loans to loans
  • 4.19%Net loans and leases to deposits
  • 65.12%Net loans and leases to core deposits
  • 74.19%Equity capital to assets
  • 0.16%Core capital (leverage) ratio
  • 0.15%Tier 1 risk-based capital ratio
  • 0.30%Total risk-based capital ratio
  • Memoranda
  • $1Average assets
  • $32,039Average earning assets
  • $1,207Average equity
  • $29,640Average loans

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