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

This bank is inactive as of October 21, 1994

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

Ludlow Savings Bank - Overview

  • General
  • FDIC Certificate #: 90230
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: ALBANK, FSB (#32106)
    Federal Reserve ID: 840608
    Date Established: Febuary 18, 1888
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Interstate: No)
    OTS Docket #: 8372
    FDIC's unique #: 17820
    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: September 27, 1985
    Last Structure Change Effective Date: October 21, 1994
    Last Structure Change Process Date: December 07, 1994
    Last Data Update: December 07, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 33 Center Street, Ludlow, MA 1056
    County: Hampden
    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): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $222.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $119Total assets
  • $229,311Cash and due from depository institutions
  • $20,587Interest-bearing balances
  • $15,949Securities
  • $24,816Federal funds sold & reverse repurchase agreements
  • $4,060Net loans & leases
  • $160,437Loan loss allowance
  • $9,165Trading account assets
  • $0Bank premises and fixed assets
  • $4,344Other real estate owned
  • $10,254Goodwill and other intangibles
  • $4,813Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $229,311Total liabilities
  • $234,740Total deposits
  • $233,491Interest-bearing deposits
  • $226,905Deposits held in domestic offices
  • 233491.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,249Total equity capital
  • $1,249Total bank equity capital
  • $-5,429Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $3,617Undivided profits
  • Memoranda
  • $-9,046Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,859Income earned, not collected on loans
  • $948Earning assets
  • $205,262Long-term assets (5+ years)
  • $18,284Average Assets, year-to-date
  • $242,858Average Assets, quarterly
  • $236,648Volatile liabilities
  • $6,390Insider loans
  • $1,636FHLB advances
  • $0Loans and leases held for sale
  • $383Unused loan commitments
  • $11,947Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-5,429Total risk weighted assets
  • $159,668Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $16,159Total interest expense
  • $6,867Net interest income
  • $9,292Provision for loan and lease losses
  • $11,438Total noninterest income
  • $2,341Fiduciary activities
  • $0Service charges on deposit accounts
  • $619Trading account gains & fees
  • $0Additional noninterest income
  • $1,722Total noninterest expense
  • $13,176Salaries and employee benefits
  • $3,853Premises and equipment expense
  • $875Additional noninterest expense
  • $8,448Pre-tax net operating income
  • -$12,971Securities gains (losses)
  • -$78Applicable income taxes
  • $375Income before extraordinary items
  • -$13,424Extraordinary gains - net
  • $0Net income attributable to bank
  • -$13,424Net charge-offs
  • $5,935Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.66%Cost of funding earning assets
  • 3.26%Net interest margin
  • 4.41%Noninterest income to earning assets
  • 1.11%Noninterest expense to earning assets
  • 6.25%Net operating income to assets
  • -5.50%Return on assets (ROA)
  • -5.53%Pretax return on assets
  • -5.37%Return on equity (ROE)
  • -232.45%Retained earnings to average equity (YTD only)
  • -232.45%Net charge-offs to loans
  • 3.40%Credit loss provision to net charge-offs
  • 192.72%Efficiency ratio
  • 113,264Assets per employee
  • 1.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.40%Loss allowance to noncurrent loans
  • 103.45%Noncurrent assets plus other real estate owned to assets
  • 6.26%Noncurrent loans to loans
  • 5.22%Net loans and leases to deposits
  • 68.71%Net loans and leases to core deposits
  • 70.65%Equity capital to assets
  • -2.37%Core capital (leverage) ratio
  • -2.17%Tier 1 risk-based capital ratio
  • -3.40%Total risk-based capital ratio
  • Memoranda
  • -$3Average assets
  • $242,858Average earning assets
  • $5,775Average equity
  • $210,841Average loans

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