Newburyport Five Cents Savings Bank in Newburyport, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Newburyport Five Cents Savings Bank - Overview

  • General
  • FDIC Certificate #: 90251
    Status: Active
    Federal Reserve ID: 67209
    Bank Holding Company (Regulatory Top Holder): Newburyport Five Cents Bancorp Mhc (RSSDID: 4267472, Location: Newburyport, MA)
    Date Established: April 01, 1854
    WWW: http://www.newburyportbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 8496
    FDIC's unique #: 17841
    Numeric code: 41
    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: January 02, 2012
    Last Structure Change Process Date: Febuary 07, 2012
    Last Data Update: Febuary 07, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 63 State Street, Newburyport, MA 1950
    County: Essex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    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: Peabody, MA (#37764)
  • Financial Summary
  • Total assets: $634.6 mil
    Equity capital: $98.8 mil
    Deposits held in domestic offices: $460.4 mil
    Return on assets (ROA): 0.95% ($6.0 mil)
    Quarterly return on assets: 0.96% ($6.1 mil)
    Return on Equity (ROE): 6.14% ($6.1 mil)
    Quarterly return on equity: 6.23% ($6.2 mil)
    Net income: $6.0 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.44% ($9,137.9 mil)
    Quarterly Pretax return on assets: 1.46% ($9,264.8 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
  • 95Total employees (full-time equivalent)
  • $634,577Total assets
  • $7,474Cash and due from depository institutions
  • $3,394Interest-bearing balances
  • $109,326Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $489,380Net loans & leases
  • $5,065Loan loss allowance
  • $0Trading account assets
  • $11,341Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $634,577Life insurance assets
  • $17,056All other assets
  • $535,777Total liabilities and capital
  • $460,431Total liabilities
  • $427,311Total deposits
  • $460,431Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 1486.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $67,794Trading liabilities
  • $0Other borrowed funds
  • $6,066Subordinated debt
  • $98,800All other liabilities
  • $98,800Total equity capital
  • $98,800Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $98,790Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,796Income earned, not collected on loans
  • $0Earning assets
  • $2,237Long-term assets (5+ years)
  • $602,100Average Assets, year-to-date
  • $256,999Average Assets, quarterly
  • $627,913Volatile liabilities
  • $633,365Insider loans
  • $449,522FHLB advances
  • $624,318Loans and leases held for sale
  • $2,690Unused loan commitments
  • $2,690Tier 1 (core) risk-based capital
  • $96,334Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $58,420Restructured Loans and leases
  • $4,655Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,382Total interest income
  • $8,333Total interest expense
  • $22,049Net interest income
  • $903Provision for loan and lease losses
  • $1,054Total noninterest income
  • $0Fiduciary activities
  • $328Service charges on deposit accounts
  • $0Trading account gains & fees
  • $726Additional noninterest income
  • $14,497Total noninterest expense
  • $8,672Salaries and employee benefits
  • $1,547Premises and equipment expense
  • $4,278Additional noninterest expense
  • $7,703Pre-tax net operating income
  • $1,347Securities gains (losses)
  • $3,099Applicable income taxes
  • $5,951Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,951Net income attributable to bank
  • $0Net charge-offs
  • $5,951Cash dividends
  • $715Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 6.14%Return on equity (ROE)
  • 6.14%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 126.29%Credit loss provision to net charge-offs
  • 12.04%Efficiency ratio
  • 62,749Assets per employee
  • 6.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 105.61%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 0.97%Net loans and leases to deposits
  • 106.29%Net loans and leases to core deposits
  • 133.94%Equity capital to assets
  • 15.57%Core capital (leverage) ratio
  • 15.43%Tier 1 risk-based capital ratio
  • 21.43%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $627,913Average earning assets
  • $96,934Average equity
  • $597,473Average loans

List of branches

  • 7 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017841Newburyport Five Cents Savings Bank63 State Street, Newburyport, MA 1950April 01, 1854Full Service Brick and Mortar
    1291363Salisbury BranchMerrill Street And Route 110, Salisbury, MA 1952September 30, 1971Full Service Brick and Mortar
    2291364Newbury Branch27 High Road, Newbury, MA 1951March 21, 1977Full Service Brick and Mortar
    3291365Newburyport Branch21 Storey Avenue, Newburyport, MA 1950March 09, 1987Full Service Brick and Mortar
    4291366Merrimack Place Branch85 Storey Avenue, Newburyport, MA 1950March 15, 2000Limited Service Mobile
    5465266Amesbury Branch40 Friend Street, Amesbury, MA 1913June 25, 2007Full Service Brick and Mortar
    6476949Amesbury Main Street Branch43 Main Street, Amesbury, MA 1913June 12, 2008Full Service Brick and Mortar

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