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

Millbury Savings Bank - Overview

  • General
  • FDIC Certificate #: 21920
    Status: Active
    Federal Reserve ID: 949305
    Date Established: April 10, 1854
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Domestic: 2, Interstate: No)
    OTS Docket #: 12919
    FDIC's unique #: 15189
    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: January 29, 1975
    Last Structure Change Effective Date: March 03, 2008
    Last Structure Change Process Date: March 03, 2008
    Last Data Update: March 03, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 109 Elm Street, Millbury, MA 1527
    County: Worcester
    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): Worcester, MA-CT (#9240)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Worcester, MA (#49340)
    CBSA Metro Statistical Area: Worcester, MA (#49340)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $205.5 mil
    Equity capital: $22.0 mil
    Deposits held in domestic offices: $162.4 mil
    Return on assets (ROA): 0.46% ($0.9 mil)
    Quarterly return on assets: 0.45% ($0.9 mil)
    Return on Equity (ROE): 4.34% ($1.0 mil)
    Quarterly return on equity: 4.26% ($0.9 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.68% ($1,397.4 mil)
    Quarterly Pretax return on assets: 0.68% ($1,397.4 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
  • 36Total employees (full-time equivalent)
  • $205,506Total assets
  • $15,940Cash and due from depository institutions
  • $11,709Interest-bearing balances
  • $52,912Securities
  • $3,786Federal funds sold & reverse repurchase agreements
  • $120,461Net loans & leases
  • $1,035Loan loss allowance
  • $0Trading account assets
  • $8,485Bank premises and fixed assets
  • $240Other real estate owned
  • $0Goodwill and other intangibles
  • $205,506Life insurance assets
  • $3,682All other assets
  • $183,525Total liabilities and capital
  • $162,380Total liabilities
  • $150,807Total deposits
  • $162,380Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,500Trading liabilities
  • $0Other borrowed funds
  • $2,645Subordinated debt
  • $21,981All other liabilities
  • $21,981Total equity capital
  • $21,981Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $21,981Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $808Income earned, not collected on loans
  • $0Earning assets
  • $652Long-term assets (5+ years)
  • $188,868Average Assets, year-to-date
  • $58,134Average Assets, quarterly
  • $204,162Volatile liabilities
  • $205,066Insider loans
  • $117,498FHLB advances
  • $203,277Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,316Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,550Restructured Loans and leases
  • $423Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,412Total interest income
  • $2,319Total interest expense
  • $6,093Net interest income
  • $200Provision for loan and lease losses
  • $429Total noninterest income
  • $0Fiduciary activities
  • $324Service charges on deposit accounts
  • $0Trading account gains & fees
  • $105Additional noninterest income
  • $5,018Total noninterest expense
  • $3,005Salaries and employee benefits
  • $479Premises and equipment expense
  • $1,534Additional noninterest expense
  • $1,304Pre-tax net operating income
  • $94Securities gains (losses)
  • $460Applicable income taxes
  • $938Income before extraordinary items
  • $0Extraordinary gains - net
  • $938Net income attributable to bank
  • $0Net charge-offs
  • $938Cash dividends
  • $123Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 4.34%Return on equity (ROE)
  • 4.34%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 162.60%Credit loss provision to net charge-offs
  • 12.23%Efficiency ratio
  • 76,940Assets per employee
  • 5.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.85%Loss allowance to noncurrent loans
  • 128.09%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 74.18%Net loans and leases to core deposits
  • 79.16%Equity capital to assets
  • 10.70%Core capital (leverage) ratio
  • 10.49%Tier 1 risk-based capital ratio
  • 18.14%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $204,162Average earning assets
  • $21,590Average equity
  • $190,178Average loans

List of branches

  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015189Millbury Savings Bank109 Elm Street, Millbury, MA 1527April 10, 1854Full Service Brick and Mortar
    1253717West BranchRoute 146 And Boria Lane (S.E. Corner), Millbury, MA 1527November 19, 1981Full Service Brick and Mortar
    2527861Worcester Branch1001 Millbury Street, Worcester, MA 1607January 10, 2012Full Service Brick and Mortar

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