North Brookfield Savings Bank in North Brookfield, Massachusetts (MA)



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Table of contents:
North Brookfield Savings Bank
GeneralFDIC Certificate #: 90258
Status: Active
Federal Reserve ID: 528102
Date Established: August 03, 1854
WWW: http://www.banknbsb.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 12044
FDIC's unique #: 17848
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: 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: November 08, 1985
Last Structure Change Effective Date: August 02, 2011
Last Structure Change Process Date: August 31, 2011
Last Data Update: August 31, 2011
Data Source Date: April 05, 2012
LocationAddress: 9 Gilbert Street, North Brookfield, MA 1535
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 ChangesChange in Primary Regulatory Agency
Change in Supervisory Agency
Institution Becomes a Member of FRS (Federal Reserve System)
Financial SummaryTotal assets: $198.6 mil
Equity capital: $26.4 mil
Deposits held in domestic offices: $169.4 mil
Return on assets (ROA): 0.62% ($1.2 mil)
Quarterly return on assets: 0.40% ($0.8 mil)
Return on Equity (ROE): 4.67% ($1.2 mil)
Quarterly return on equity: 2.99% ($0.8 mil)
Net income: $1.2 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.78% ($1,549.3 mil)
Quarterly Pretax return on assets: 0.41% ($814.4 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)
Total employees (full-time equivalent)50
Total assets$198,632
Cash and due from depository institutions$10,756
Interest-bearing balances$6,396
Securities$72,628
Federal funds sold & reverse repurchase agreements$108
Net loans & leases$99,695
Loan loss allowance $993
Trading account assets$0
Bank premises and fixed assets$4,408
Other real estate owned$828
Goodwill and other intangibles$39
All other assets$10,170
Life insurance assets$198,632
Total liabilities and capital$172,183
Total liabilities$169,399
Total deposits$160,631
Interest-bearing deposits$169,399
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,784
All other liabilities $26,449
Total equity capital$26,449
Total bank equity capital$26,449
Perpetual preferred stock$0
Common stock$0
Surplus$27,056
Undivided profits $-607
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 $1,934
Earning assets $0
Long-term assets (5+ years) $780
Average Assets, year-to-date $178,827
Average Assets, quarterly $131,731
Volatile liabilities $195,695
Insider loans $197,858
FHLB advances $90,474
Loans and leases held for sale $197,105
Unused loan commitments $6,190
Tier 1 (core) risk-based capital $6,190
Tier 2 risk-based capital $26,870
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,076
Derivatives$2,129
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,575
Total interest expense $1,443
Net interest income $6,132
Provision for loan and lease losses $347
Total noninterest income $1,445
Fiduciary activities $0
Service charges on deposit accounts $675
Trading account gains & fees $0
Additional noninterest income $770
Total noninterest expense $5,706
Salaries and employee benefits $3,115
Premises and equipment expense $697
Additional noninterest expense $1,894
Pre-tax net operating income $1,524
Securities gains (losses) $0
Applicable income taxes $308
Income before extraordinary items $1,216
Extraordinary gains - net $0
Net income attributable to bank $1,216
Net charge-offs $0
Cash dividends $1,216
Sale, conversion, retirement of capital stock, net $198
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.27%
Cost of funding earning assets 0.81%
Net interest margin 3.45%
Noninterest income to earning assets 0.81%
Noninterest expense to earning assets 3.21%
Net operating income to assets 0.62%
Return on assets (ROA) 0.62%
Pretax return on assets 0.78%
Return on equity (ROE) 4.67%
Retained earnings to average equity (YTD only) 4.67%
Net charge-offs to loans 0.20%
Credit loss provision to net charge-offs 175.25%
Efficiency ratio9.45%
Assets per employee$75,307
Cash dividends to net income (YTD only)3.97%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.99%
Noncurrent assets plus other real estate owned to assets 51.34%
Noncurrent loans to loans 1.39%
Net loans and leases to deposits1.92%
Net loans and leases to core deposits 58.85%
Equity capital to assets 60.30%
Core capital (leverage) ratio 13.32%
Tier 1 risk-based capital ratio 13.63%
Total risk-based capital ratio 29.70%
Memoranda
Average assets$31
Average earning assets$195,695
Average equity $26,046
Average loans $177,540
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4 Massachusetts Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
017848North Brookfield Savings Bank9 Gilbert Street, North Brookfield, MA 1535August 03, 1854Full Service Brick and Mortar
1291388West Brookfield Branch128 West Main Street, West Brookfield, MA 1585June 10, 1989Full Service Brick and Mortar
2357434Palmer Branch1051 Thorndike Street, Palmer, MA 1069October 01, 1999Full Service Brick and Mortar
3428539Belchertown Branch4 Daniel Shays Highway, Belchertown, MA 1007May 25, 2004Full Service Brick and Mortar
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