Martha's Vineyard Savings Bank in Edgartown, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Martha's Vineyard Savings Bank - Overview

  • General
  • FDIC Certificate #: 90190
    Status: Active
    Federal Reserve ID: 196800
    Date Established: April 15, 1955
    WWW: http://www.mvbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 13953
    FDIC's unique #: 17781
    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: November 04, 1985
    Last Structure Change Effective Date: November 01, 2007
    Last Structure Change Process Date: November 16, 2007
    Last Data Update: November 16, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 78 Main Street, Edgartown, MA 2539
    County: Dukes
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $526.2 mil
    Equity capital: $65.8 mil
    Deposits held in domestic offices: $431.2 mil
    Return on assets (ROA): 0.90% ($4.7 mil)
    Quarterly return on assets: 1.02% ($5.4 mil)
    Return on Equity (ROE): 7.28% ($4.8 mil)
    Quarterly return on equity: 8.37% ($5.5 mil)
    Net income: $4.6 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.49% ($7,839.7 mil)
    Quarterly Pretax return on assets: 1.70% ($8,944.7 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
  • 90Total employees (full-time equivalent)
  • $526,157Total assets
  • $21,747Cash and due from depository institutions
  • $13,179Interest-bearing balances
  • $54,407Securities
  • $27,311Federal funds sold & reverse repurchase agreements
  • $399,282Net loans & leases
  • $3,342Loan loss allowance
  • $0Trading account assets
  • $11,854Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $526,157Life insurance assets
  • $11,556All other assets
  • $460,376Total liabilities and capital
  • $431,170Total liabilities
  • $386,585Total deposits
  • $431,170Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,850Trading liabilities
  • $0Other borrowed funds
  • $3,356Subordinated debt
  • $65,781All other liabilities
  • $65,781Total equity capital
  • $65,781Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $58,894Surplus
  • $6,887Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,249Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,419Income earned, not collected on loans
  • $0Earning assets
  • $1,769Long-term assets (5+ years)
  • $494,179Average Assets, year-to-date
  • $152,787Average Assets, quarterly
  • $514,383Volatile liabilities
  • $531,139Insider loans
  • $325,081FHLB advances
  • $522,310Loans and leases held for sale
  • $2,536Unused loan commitments
  • $2,536Tier 1 (core) risk-based capital
  • $63,530Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $60,306Restructured Loans and leases
  • $8,768Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,177Total interest income
  • $3,442Total interest expense
  • $19,735Net interest income
  • $475Provision for loan and lease losses
  • $3,245Total noninterest income
  • $1,185Fiduciary activities
  • $726Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,334Additional noninterest income
  • $14,864Total noninterest expense
  • $8,943Salaries and employee benefits
  • $1,391Premises and equipment expense
  • $4,530Additional noninterest expense
  • $7,641Pre-tax net operating income
  • $3Securities gains (losses)
  • $3,008Applicable income taxes
  • $4,636Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,636Net income attributable to bank
  • $0Net charge-offs
  • $4,636Cash dividends
  • $84Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 7.28%Return on equity (ROE)
  • 7.28%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 565.48%Credit loss provision to net charge-offs
  • 96.62%Efficiency ratio
  • 64,682Assets per employee
  • 5.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.83%Loss allowance to noncurrent loans
  • 75.63%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 1.10%Net loans and leases to deposits
  • 92.60%Net loans and leases to core deposits
  • 108.23%Equity capital to assets
  • 12.50%Core capital (leverage) ratio
  • 12.16%Tier 1 risk-based capital ratio
  • 19.54%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $514,383Average earning assets
  • $63,672Average equity
  • $482,880Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $156,209Managed Assets
  • 1Number of Accounts
  • $154,851Personal trust and agency accounts
  • $78,480Employee benefit-defined contribution accounts
  • $1,869Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $6,360Corporate trust and agency accounts
  • $22,299Investment management agency accounts
  • $38,556Other fiduciary accounts
  • $7,268Fiduciary accounts held in foreign offices
  • $19Non-managed Assets
  • 326Number of Accounts
  • $0Personal trust and agency accounts
  • $6,275Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,358Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 8 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017781Martha's Vineyard Savings Bank78 Main Street, Edgartown, MA 2539April 15, 1955Full Service Brick and Mortar
    3291101Four Flags Condominium BranchUnit #10, Vineyard Haven Road, Post Office Square, Edgartown, MA 2539July 08, 1998Full Service Brick and Mortar
    4357474Oak Bluffs Branch4 Uncas Avenue, Oak Bluffs, MA 2557July 10, 2000Full Service Brick and Mortar
    5428035Chilmark Branch9 State Road, Chilmark, MA 2535May 03, 2004Full Service Brick and Mortar
    635324Martha's Vineyard Co-Operative Bank11 State Road, Vineyard Haven, MA 2568January 01, 1909Full Service Brick and Mortar
    7259745West Tisbury Branch490 State Road, West Tisbury, MA 2575December 15, 1998Full Service Brick and Mortar
    8420132Oak Bluffs Branch14 Oak Bluffs Avenue, Oak Bluffs, MA 2557July 15, 2003Full Service Brick and Mortar
    9498671Falmouth Branch2 Water Street, Falmouth, MA 2543November 30, 2009Full Service Brick and Mortar

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