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


  • Monson Savings Bank in Monson, Massachusetts (MA)
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Monson Savings Bank - Overview

  • General
  • FDIC Certificate #: 90245
    Status: Active
    Federal Reserve ID: 951102
    Bank Holding Company (Regulatory Top Holder): Monson Financial Services Mhc (RSSDID: 3370508, Location: Monson, MA)
    Date Established: March 27, 1872
    WWW: http://www.monsonsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 8424
    FDIC's unique #: 17835
    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 01, 1985
    Last Structure Change Effective Date: June 30, 2011
    Last Structure Change Process Date: September 07, 2011
    Last Data Update: September 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 146 Main Street, Monson, MA 1057
    County: Hampden
    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): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • Financial Summary
  • Total assets: $246.4 mil
    Equity capital: $22.6 mil
    Deposits held in domestic offices: $206.7 mil
    Return on assets (ROA): 0.66% ($1.6 mil)
    Quarterly return on assets: 0.44% ($1.1 mil)
    Return on Equity (ROE): 7.25% ($1.7 mil)
    Quarterly return on equity: 4.79% ($1.1 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.88% ($2,168.1 mil)
    Quarterly Pretax return on assets: 0.49% ($1,207.2 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
  • 65Total employees (full-time equivalent)
  • $246,373Total assets
  • $26,352Cash and due from depository institutions
  • $22,410Interest-bearing balances
  • $47,577Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $157,833Net loans & leases
  • $2,960Loan loss allowance
  • $0Trading account assets
  • $4,149Bank premises and fixed assets
  • $498Other real estate owned
  • $1,099Goodwill and other intangibles
  • $246,373Life insurance assets
  • $8,865All other assets
  • $223,761Total liabilities and capital
  • $206,710Total liabilities
  • $172,422Total deposits
  • $206,710Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,000Trading liabilities
  • $0Other borrowed funds
  • $1,051Subordinated debt
  • $22,612All other liabilities
  • $22,612Total equity capital
  • $22,612Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $0Surplus
  • $22,611Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,868Income earned, not collected on loans
  • $0Earning assets
  • $650Long-term assets (5+ years)
  • $227,820Average Assets, year-to-date
  • $103,889Average Assets, quarterly
  • $240,296Volatile liabilities
  • $244,312Insider loans
  • $144,896FHLB advances
  • $243,955Loans and leases held for sale
  • $3,455Unused loan commitments
  • $3,455Tier 1 (core) risk-based capital
  • $22,134Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $42,267Restructured Loans and leases
  • $3,333Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,815Total interest income
  • $2,430Total interest expense
  • $7,385Net interest income
  • $651Provision for loan and lease losses
  • $2,554Total noninterest income
  • $0Fiduciary activities
  • $721Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,833Additional noninterest income
  • $7,380Total noninterest expense
  • $3,749Salaries and employee benefits
  • $865Premises and equipment expense
  • $2,766Additional noninterest expense
  • $1,908Pre-tax net operating income
  • $205Securities gains (losses)
  • $528Applicable income taxes
  • $1,585Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,585Net income attributable to bank
  • $0Net charge-offs
  • $1,585Cash dividends
  • $897Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.30%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 7.25%Return on equity (ROE)
  • 7.25%Retained earnings to average equity (YTD only)
  • 0.56%Net charge-offs to loans
  • 72.58%Credit loss provision to net charge-offs
  • 2.85%Efficiency ratio
  • 74,253Assets per employee
  • 3.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 158.46%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 1.16%Net loans and leases to deposits
  • 76.35%Net loans and leases to core deposits
  • 82.63%Equity capital to assets
  • 9.18%Core capital (leverage) ratio
  • 9.07%Tier 1 risk-based capital ratio
  • 15.28%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $240,296Average earning assets
  • $21,849Average equity
  • $224,125Average loans

List of branches

  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017835Monson Savings Bank146 Main Street, Monson, MA 1057March 27, 1872Full Service Brick and Mortar
    1291341Hampden Branch15 Somers Road, Hampden, MA 1036August 07, 1998Full Service Brick and Mortar
    2423238Wilbraham Branch100 Post Office Park, Wilbraham, MA 1095October 27, 2003Full Service Brick and Mortar

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