Mutual Federal Savings Bank of Plymouth County in Whitman, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Mutual Federal Savings Bank of Plymouth County in Whitman, Massachusetts (MA)
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Mutual Federal Savings Bank of Plymouth County - Overview

  • General
  • FDIC Certificate #: 29755
    Status: Active
    Federal Reserve ID: 121679
    Date Established: January 01, 1889
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 4032
    FDIC's unique #: 42589
    Numeric code: 34
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 14, 1936
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 570 Washington St, Whitman, MA 2382
    County: Plymouth
    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
    Metropolitan Statistical Area (MSA): Brockton, MA (#1200)
    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): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Boston-Quincy, MA (#14484)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $369.9 mil
    Equity capital: $34.2 mil
    Deposits held in domestic offices: $260.8 mil
    Return on assets (ROA): 0.33% ($1.2 mil)
    Quarterly return on assets: 0.22% ($0.8 mil)
    Return on Equity (ROE): 3.77% ($1.3 mil)
    Quarterly return on equity: 2.40% ($0.8 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.40% ($1,479.5 mil)
    Quarterly Pretax return on assets: 0.27% ($998.7 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
  • 72Total employees (full-time equivalent)
  • $369,885Total assets
  • $8,319Cash and due from depository institutions
  • $0Interest-bearing balances
  • $114,107Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $217,880Net loans & leases
  • $1,735Loan loss allowance
  • $0Trading account assets
  • $10,654Bank premises and fixed assets
  • $458Other real estate owned
  • $308Goodwill and other intangibles
  • $369,885Life insurance assets
  • $18,159All other assets
  • $335,660Total liabilities and capital
  • $260,811Total liabilities
  • $250,602Total deposits
  • $260,811Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $72,054Trading liabilities
  • $0Other borrowed funds
  • $2,795Subordinated debt
  • $34,225All other liabilities
  • $34,225Total equity capital
  • $34,225Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $34,225Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,264Income earned, not collected on loans
  • $0Earning assets
  • $1,570Long-term assets (5+ years)
  • $331,987Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $376,999Volatile liabilities
  • $377,781Insider loans
  • $208,924FHLB advances
  • $368,202Loans and leases held for sale
  • $7,665Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,542Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,638Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,384Total interest income
  • $4,989Total interest expense
  • $9,395Net interest income
  • $1,119Provision for loan and lease losses
  • $3,765Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,765Additional noninterest income
  • $11,611Total noninterest expense
  • $6,453Salaries and employee benefits
  • $2,646Premises and equipment expense
  • $2,512Additional noninterest expense
  • $430Pre-tax net operating income
  • $1,080Securities gains (losses)
  • $259Applicable income taxes
  • $1,251Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,251Net income attributable to bank
  • $0Net charge-offs
  • $1,251Cash dividends
  • $215Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 2.78%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 3.77%Return on equity (ROE)
  • 3.77%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 520.47%Credit loss provision to net charge-offs
  • 7.20%Efficiency ratio
  • 88,229Assets per employee
  • 5.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 32.96%Noncurrent assets plus other real estate owned to assets
  • 1.55%Noncurrent loans to loans
  • 2.40%Net loans and leases to deposits
  • 83.54%Net loans and leases to core deposits
  • 86.17%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 15.58%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $376,999Average earning assets
  • $33,158Average equity
  • $338,512Average loans

List of branches

  • 9 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042589Mutual Federal Savings Bank Of Plymo570 Washington St, Whitman, MA 2382January 01, 1889Full Service Brick and Mortar
    1277056Liberty Street Branch430 Liberty Street, Hanson, MA 2341January 01, 1889Full Service Brick and Mortar
    3277058Plymouth Street Branch336 Plymouth Street, Halifax, MA 2338January 01, 1889Full Service Brick and Mortar
    100277059Main St Street Branch74 Main Street, Carver, MA 2330January 01, 1889Full Service Brick and Mortar
    102266856West Side Branch777 Belmont Street, Brockton, MA 2301January 01, 1877Full Service Brick and Mortar
    103266857Falmouth Branch668 Main Street, Falmouth, MA 2540January 01, 1877Full Service Brick and Mortar
    104266859East Side Branch656 Crescent Street, Brockton, MA 2302January 01, 1877Full Service Brick and Mortar
    1054954212 Pilgrim Hill Road2 Pilgrim Hill Road, Plymouth, MA 2360December 01, 2008Full Service Brick and Mortar
    106495422Grove Street Branch448 W Grove Street, Middleboro, MA 2346June 01, 2007Full Service Brick and Mortar

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