Mechanics' Savings Bank in Auburn, Maine (ME)



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Mechanics' Savings Bank routing number info

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Mechanics' Savings Bank
GeneralFDIC Certificate #: 17476
Status: Active
Federal Reserve ID: 548203
Date Established: Febuary 16, 1875
WWW: http://www.mechanicssavings.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 14626
FDIC's unique #: 11461
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: Commercial Lending Specialization
Date of Deposit Insurance: July 28, 1955
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
LocationAddress: 100 Minot Avenue, Auburn, ME 4210
County: Androscoggin
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
Metropolitan Statistical Area (MSA): Lewiston-Auburn, ME (#4240)
Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
Core Based Statistical Area (CBSA): Lewiston-Auburn, ME (#30340)
CBSA Metro Statistical Area: Lewiston-Auburn, ME (#30340)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $334.3 mil
Equity capital: $33.9 mil
Deposits held in domestic offices: $248.3 mil
Return on assets (ROA): 0.53% ($1.8 mil)
Quarterly return on assets: 0.52% ($1.7 mil)
Return on Equity (ROE): 5.10% ($1.7 mil)
Quarterly return on equity: 5.04% ($1.7 mil)
Net income: $1.7 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.79% ($2,641.3 mil)
Quarterly Pretax return on assets: 0.80% ($2,674.8 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)
Total employees (full-time equivalent)75
Total assets$334,344
Cash and due from depository institutions$4,104
Interest-bearing balances$420
Securities$38,335
Federal funds sold & reverse repurchase agreements$413
Net loans & leases$278,221
Loan loss allowance $8,084
Trading account assets$0
Bank premises and fixed assets$4,368
Other real estate owned$835
Goodwill and other intangibles$974
All other assets$7,094
Life insurance assets$334,343
Total liabilities and capital$300,457
Total liabilities$248,320
Total deposits$223,074
Interest-bearing deposits$248,320
Deposits held in domestic offices$96
% insured (estimated)5417.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$43,458
Other borrowed funds $0
Subordinated debt $3,262
All other liabilities $33,886
Total equity capital$33,886
Total bank equity capital$33,886
Perpetual preferred stock$0
Common stock$0
Surplus$5,000
Undivided profits $28,886
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $13,037
Earning assets $0
Long-term assets (5+ years) $808
Average Assets, year-to-date $317,389
Average Assets, quarterly $160,635
Volatile liabilities $318,689
Insider loans $329,508
FHLB advances $242,309
Loans and leases held for sale $316,314
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $33,156
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $35,571
Derivatives$606
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,742
Total interest expense $3,949
Net interest income $12,793
Provision for loan and lease losses $781
Total noninterest income $1,015
Fiduciary activities $0
Service charges on deposit accounts $85
Trading account gains & fees $0
Additional noninterest income $930
Total noninterest expense $10,526
Salaries and employee benefits $5,579
Premises and equipment expense $1,100
Additional noninterest expense $3,847
Pre-tax net operating income $2,501
Securities gains (losses) $23
Applicable income taxes $821
Income before extraordinary items $1,703
Extraordinary gains - net $0
Net income attributable to bank $1,703
Net charge-offs $0
Cash dividends $1,703
Sale, conversion, retirement of capital stock, net $1,540
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.58%
Cost of funding earning assets 1.32%
Net interest margin 4.26%
Noninterest income to earning assets 0.34%
Noninterest expense to earning assets 3.51%
Net operating income to assets 0.53%
Return on assets (ROA) 0.53%
Pretax return on assets 0.79%
Return on equity (ROE) 5.10%
Retained earnings to average equity (YTD only) 5.10%
Net charge-offs to loans 0.55%
Credit loss provision to net charge-offs 50.71%
Efficiency ratio2.13%
Assets per employee$76,231
Cash dividends to net income (YTD only)4.46%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.82%
Noncurrent assets plus other real estate owned to assets 62.01%
Noncurrent loans to loans 4.15%
Net loans and leases to deposits4.55%
Net loans and leases to core deposits 112.04%
Equity capital to assets 134.70%
Core capital (leverage) ratio 10.14%
Tier 1 risk-based capital ratio 10.48%
Total risk-based capital ratio 13.68%
Memoranda
Average assets$15
Average earning assets$318,689
Average equity $33,397
Average loans $299,993
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3 Maine Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011461Mechanics' Savings Bank100 Minot Avenue, Auburn, ME 4210Febuary 16, 1875Full Service Brick and Mortar
2358191664 Main Sreet Branch664 Main Street, Lewiston, ME 4240September 18, 2000Full Service Brick and Mortar
3361144Windham Branch3 Drive-In Lane, Windham, ME 4062November 01, 1999Full Service Brick and Mortar
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