Mechanics' Savings Bank in Auburn, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches


Mechanics' Savings Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 75Total employees (full-time equivalent)
  • $334,344Total assets
  • $4,104Cash and due from depository institutions
  • $420Interest-bearing balances
  • $38,335Securities
  • $413Federal funds sold & reverse repurchase agreements
  • $278,221Net loans & leases
  • $8,084Loan loss allowance
  • $0Trading account assets
  • $4,368Bank premises and fixed assets
  • $835Other real estate owned
  • $974Goodwill and other intangibles
  • $334,343Life insurance assets
  • $7,094All other assets
  • $300,457Total liabilities and capital
  • $248,320Total liabilities
  • $223,074Total deposits
  • $248,320Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 5417.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $43,458Trading liabilities
  • $0Other borrowed funds
  • $3,262Subordinated debt
  • $33,886All other liabilities
  • $33,886Total equity capital
  • $33,886Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $28,886Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,037Income earned, not collected on loans
  • $0Earning assets
  • $808Long-term assets (5+ years)
  • $317,389Average Assets, year-to-date
  • $160,635Average Assets, quarterly
  • $318,689Volatile liabilities
  • $329,508Insider loans
  • $242,309FHLB advances
  • $316,314Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $33,156Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,571Restructured Loans and leases
  • $606Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,742Total interest income
  • $3,949Total interest expense
  • $12,793Net interest income
  • $781Provision for loan and lease losses
  • $1,015Total noninterest income
  • $0Fiduciary activities
  • $85Service charges on deposit accounts
  • $0Trading account gains & fees
  • $930Additional noninterest income
  • $10,526Total noninterest expense
  • $5,579Salaries and employee benefits
  • $1,100Premises and equipment expense
  • $3,847Additional noninterest expense
  • $2,501Pre-tax net operating income
  • $23Securities gains (losses)
  • $821Applicable income taxes
  • $1,703Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,703Net income attributable to bank
  • $0Net charge-offs
  • $1,703Cash dividends
  • $1,540Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 4.26%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 5.10%Return on equity (ROE)
  • 5.10%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 50.71%Credit loss provision to net charge-offs
  • 2.13%Efficiency ratio
  • 76,231Assets per employee
  • 4.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.82%Loss allowance to noncurrent loans
  • 62.01%Noncurrent assets plus other real estate owned to assets
  • 4.15%Noncurrent loans to loans
  • 4.55%Net loans and leases to deposits
  • 112.04%Net loans and leases to core deposits
  • 134.70%Equity capital to assets
  • 10.14%Core capital (leverage) ratio
  • 10.48%Tier 1 risk-based capital ratio
  • 13.68%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $318,689Average earning assets
  • $33,397Average equity
  • $299,993Average loans

List of branches

  • 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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