Machias Savings Bank in Machias, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches


Machias Savings Bank - Overview

  • General
  • FDIC Certificate #: 19531
    Status: Active
    Federal Reserve ID: 137205
    Bank Holding Company (Regulatory Top Holder): Machias Bancorp, Mhc (RSSDID: 2728577, Location: Machias, ME)
    Date Established: March 05, 1869
    WWW: http://www.machiassavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 9576
    FDIC's unique #: 13331
    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: January 01, 1966
    Last Structure Change Effective Date: March 07, 2008
    Last Structure Change Process Date: August 20, 2008
    Last Data Update: August 20, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 4 Center Street, Machias, ME 4654
    County: Washington
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $933.5 mil
    Equity capital: $112.8 mil
    Deposits held in domestic offices: $794.5 mil
    Return on assets (ROA): 0.79% ($7.4 mil)
    Quarterly return on assets: 0.48% ($4.5 mil)
    Return on Equity (ROE): 6.77% ($7.7 mil)
    Quarterly return on equity: 4.00% ($4.5 mil)
    Net income: $7.5 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.15% ($10,735.0 mil)
    Quarterly Pretax return on assets: 0.65% ($6,067.6 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
  • 201Total employees (full-time equivalent)
  • $933,475Total assets
  • $17,390Cash and due from depository institutions
  • $5,215Interest-bearing balances
  • $22,640Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $832,709Net loans & leases
  • $18,759Loan loss allowance
  • $0Trading account assets
  • $19,551Bank premises and fixed assets
  • $10,576Other real estate owned
  • $2,499Goodwill and other intangibles
  • $933,475Life insurance assets
  • $28,110All other assets
  • $820,340Total liabilities and capital
  • $794,530Total liabilities
  • $705,762Total deposits
  • $794,530Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,500Trading liabilities
  • $0Other borrowed funds
  • $9,310Subordinated debt
  • $113,135All other liabilities
  • $112,799Total equity capital
  • $112,799Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $20,000Surplus
  • $92,799Undivided profits
  • Memoranda
  • $336Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,403Income earned, not collected on loans
  • $2,146Earning assets
  • $4,130Long-term assets (5+ years)
  • $860,564Average Assets, year-to-date
  • $257,064Average Assets, quarterly
  • $940,104Volatile liabilities
  • $931,614Insider loans
  • $848,022FHLB advances
  • $927,372Loans and leases held for sale
  • $7,989Unused loan commitments
  • $4,822Tier 1 (core) risk-based capital
  • $110,682Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,167Total unused commitments
  • $154,743Restructured Loans and leases
  • $10,275Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $51,395Total interest income
  • $12,178Total interest expense
  • $39,217Net interest income
  • $5,623Provision for loan and lease losses
  • $6,983Total noninterest income
  • $0Fiduciary activities
  • $1,202Service charges on deposit accounts
  • $32Trading account gains & fees
  • $5,749Additional noninterest income
  • $30,195Total noninterest expense
  • $13,164Salaries and employee benefits
  • $3,615Premises and equipment expense
  • $13,416Additional noninterest expense
  • $10,382Pre-tax net operating income
  • $577Securities gains (losses)
  • $3,339Applicable income taxes
  • $7,620Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,462Net income attributable to bank
  • $158Net charge-offs
  • $7,620Cash dividends
  • $7,963Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.92%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.48%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 6.77%Return on equity (ROE)
  • 6.77%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 70.61%Credit loss provision to net charge-offs
  • 2.01%Efficiency ratio
  • 65,019Assets per employee
  • 4.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.20%Loss allowance to noncurrent loans
  • 130.24%Noncurrent assets plus other real estate owned to assets
  • 2.68%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 104.81%Net loans and leases to core deposits
  • 156.69%Equity capital to assets
  • 12.08%Core capital (leverage) ratio
  • 11.94%Tier 1 risk-based capital ratio
  • 13.05%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $940,104Average earning assets
  • $110,143Average equity
  • $867,573Average loans

List of branches

  • 13 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013331Machias Savings Bank4 Center Street, Machias, ME 4654March 05, 1869Full Service Brick and Mortar
    1248710Calais Branch210 North Street, Calais, ME 4619March 20, 1978Full Service Brick and Mortar
    2248711Columbia Branch357 Us Highway 1, Columbia, ME 4623January 27, 1986Full Service Brick and Mortar
    3248712Baileyville Branch667 Houlton Road, Suite 6, Baileyville, ME 4694November 30, 1987Full Service Brick and Mortar
    4248713Ellsworth Branch93 High Street, Ellsworth, ME 4605March 28, 1988Full Service Brick and Mortar
    5248714Princeton Branch127 Main Street, Princeton, ME 4668June 18, 1990Full Service Brick and Mortar
    7248715Houlton Branch138 North Street, Houlton, ME 4730July 05, 1992Full Service Brick and Mortar
    8228842Bar Harbor Branch96 Cottage Street, Bar Harbor, ME 4609January 17, 1977Full Service Brick and Mortar
    9334434Danforth Branch38 Depot Street, Danforth, ME 4424April 11, 2000Full Service Brick and Mortar
    10362860Lincoln Branch29 Main Street, Lincoln, ME 4457January 14, 2002Full Service Brick and Mortar
    11432906Bangor Branch1126 Hammond Street, Bangor, ME 4401November 01, 2004Full Service Brick and Mortar
    12467930Ellsworth State Street Branch248 State Street, Ellsworth, ME 4605September 05, 2007Full Service Brick and Mortar
    13278299Rockland Branch3 Glen Street, Rockland, ME 4841May 08, 1995Full Service Brick and Mortar

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