Mutual Federal Savings Bank of Plymouth County in Whitman, Massachusetts (MA)
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| Mutual Federal Savings Bank of Plymouth County | |
|---|---|
| General | FDIC Certificate #: 29755 Status: Active Federal Reserve ID: 121679 Date Established: January 01, 1889 WWW: http://www.mymutualbank.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 72 |
| Total assets | $369,885 |
| Cash and due from depository institutions | $8,319 |
| Interest-bearing balances | $0 |
| Securities | $114,107 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $217,880 |
| Loan loss allowance | $1,735 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,654 |
| Other real estate owned | $458 |
| Goodwill and other intangibles | $308 |
| All other assets | $18,159 |
| Life insurance assets | $369,885 |
| Total liabilities and capital | $335,660 |
| Total liabilities | $260,811 |
| Total deposits | $250,602 |
| Interest-bearing deposits | $260,811 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $72,054 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,795 |
| All other liabilities | $34,225 |
| Total equity capital | $34,225 |
| Total bank equity capital | $34,225 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $0 |
| Undivided profits | $34,225 |
| 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 | $5,264 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,570 |
| Average Assets, year-to-date | $331,987 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $376,999 |
| Insider loans | $377,781 |
| FHLB advances | $208,924 |
| Loans and leases held for sale | $368,202 |
| Unused loan commitments | $7,665 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $32,542 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $20,638 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $14,384 |
| Total interest expense | $4,989 |
| Net interest income | $9,395 |
| Provision for loan and lease losses | $1,119 |
| Total noninterest income | $3,765 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,765 |
| Total noninterest expense | $11,611 |
| Salaries and employee benefits | $6,453 |
| Premises and equipment expense | $2,646 |
| Additional noninterest expense | $2,512 |
| Pre-tax net operating income | $430 |
| Securities gains (losses) | $1,080 |
| Applicable income taxes | $259 |
| Income before extraordinary items | $1,251 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,251 |
| Net charge-offs | $0 |
| Cash dividends | $1,251 |
| Sale, conversion, retirement of capital stock, net | $215 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.25% |
| Cost of funding earning assets | 1.47% |
| Net interest margin | 2.78% |
| Noninterest income to earning assets | 1.11% |
| Noninterest expense to earning assets | 3.43% |
| Net operating income to assets | 0.09% |
| Return on assets (ROA) | 0.33% |
| Pretax return on assets | 0.40% |
| Return on equity (ROE) | 3.77% |
| Retained earnings to average equity (YTD only) | 3.77% |
| Net charge-offs to loans | 0.10% |
| Credit loss provision to net charge-offs | 520.47% |
| Efficiency ratio | 7.20% |
| Assets per employee | $88,229 |
| Cash dividends to net income (YTD only) | 5.14% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.79% |
| Noncurrent assets plus other real estate owned to assets | 32.96% |
| Noncurrent loans to loans | 1.55% |
| Net loans and leases to deposits | 2.40% |
| Net loans and leases to core deposits | 83.54% |
| Equity capital to assets | 86.17% |
| Core capital (leverage) ratio | 9.25% |
| Tier 1 risk-based capital ratio | 8.84% |
| Total risk-based capital ratio | 15.58% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $376,999 |
| Average equity | $33,158 |
| Average loans | $338,512 |
| 9 Massachusetts Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 42589 | Mutual Federal Savings Bank Of Plymo | 570 Washington St, Whitman, MA 2382 | January 01, 1889 | Full Service Brick and Mortar |  |
| 1 | 277056 | Liberty Street Branch | 430 Liberty Street, Hanson, MA 2341 | January 01, 1889 | Full Service Brick and Mortar |  |
| 3 | 277058 | Plymouth Street Branch | 336 Plymouth Street, Halifax, MA 2338 | January 01, 1889 | Full Service Brick and Mortar | |
| 100 | 277059 | Main St Street Branch | 74 Main Street, Carver, MA 2330 | January 01, 1889 | Full Service Brick and Mortar | |
| 102 | 266856 | West Side Branch | 777 Belmont Street, Brockton, MA 2301 | January 01, 1877 | Full Service Brick and Mortar | |
| 103 | 266857 | Falmouth Branch | 668 Main Street, Falmouth, MA 2540 | January 01, 1877 | Full Service Brick and Mortar | |
| 104 | 266859 | East Side Branch | 656 Crescent Street, Brockton, MA 2302 | January 01, 1877 | Full Service Brick and Mortar | |
| 105 | 495421 | 2 Pilgrim Hill Road | 2 Pilgrim Hill Road, Plymouth, MA 2360 | December 01, 2008 | Full Service Brick and Mortar | |
| 106 | 495422 | Grove Street Branch | 448 W Grove Street, Middleboro, MA 2346 | June 01, 2007 | Full Service Brick and Mortar | |
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