North Easton Savings Bank in South Easton, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

North Easton Savings Bank - Overview

  • General
  • FDIC Certificate #: 90259
    Status: Active
    Federal Reserve ID: 527600
    Date Established: Febuary 08, 1864
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 10965
    FDIC's unique #: 17849
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: September 06, 1985
    Last Structure Change Effective Date: May 15, 2009
    Last Structure Change Process Date: May 22, 2009
    Last Data Update: May 22, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 Eastman Street, South Easton, MA 2375
    County: Bristol
    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
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $466.2 mil
    Equity capital: $40.8 mil
    Deposits held in domestic offices: $421.0 mil
    Return on assets (ROA): 0.42% ($2.0 mil)
    Quarterly return on assets: 0.36% ($1.7 mil)
    Return on Equity (ROE): 4.96% ($2.0 mil)
    Quarterly return on equity: 4.09% ($1.7 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.47% ($2,191.1 mil)
    Quarterly Pretax return on assets: 0.34% ($1,585.1 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
  • 90Total employees (full-time equivalent)
  • $466,194Total assets
  • $42,741Cash and due from depository institutions
  • $29,946Interest-bearing balances
  • $102,733Securities
  • $2,176Federal funds sold & reverse repurchase agreements
  • $286,761Net loans & leases
  • $1,882Loan loss allowance
  • $0Trading account assets
  • $15,273Bank premises and fixed assets
  • $298Other real estate owned
  • $0Goodwill and other intangibles
  • $466,194Life insurance assets
  • $16,212All other assets
  • $425,431Total liabilities and capital
  • $420,966Total liabilities
  • $362,164Total deposits
  • $420,966Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,465Subordinated debt
  • $40,763All other liabilities
  • $40,763Total equity capital
  • $40,763Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $40,301Surplus
  • $462Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,891Income earned, not collected on loans
  • $0Earning assets
  • $1,204Long-term assets (5+ years)
  • $421,616Average Assets, year-to-date
  • $162,805Average Assets, quarterly
  • $458,809Volatile liabilities
  • $463,564Insider loans
  • $244,879FHLB advances
  • $458,221Loans and leases held for sale
  • $9,676Unused loan commitments
  • $9,676Tier 1 (core) risk-based capital
  • $40,301Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,840Restructured Loans and leases
  • $459Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,971Total interest income
  • $3,795Total interest expense
  • $12,176Net interest income
  • $430Provision for loan and lease losses
  • $3,460Total noninterest income
  • $0Fiduciary activities
  • $1,837Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,623Additional noninterest income
  • $13,126Total noninterest expense
  • $6,669Salaries and employee benefits
  • $2,316Premises and equipment expense
  • $4,141Additional noninterest expense
  • $2,080Pre-tax net operating income
  • $88Securities gains (losses)
  • $221Applicable income taxes
  • $1,947Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,947Net income attributable to bank
  • $0Net charge-offs
  • $1,947Cash dividends
  • $74Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.84%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 2.93%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 4.96%Return on equity (ROE)
  • 4.96%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 581.08%Credit loss provision to net charge-offs
  • 33.92%Efficiency ratio
  • 83,947Assets per employee
  • 5.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.65%Loss allowance to noncurrent loans
  • 31.95%Noncurrent assets plus other real estate owned to assets
  • 1.33%Noncurrent loans to loans
  • 2.04%Net loans and leases to deposits
  • 68.12%Net loans and leases to core deposits
  • 71.49%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 8.80%Tier 1 risk-based capital ratio
  • 16.46%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $458,809Average earning assets
  • $39,230Average equity
  • $415,550Average loans

List of branches

  • 9 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017849North Easton Savings Bank20 Eastman Street, South Easton, MA 2375Febuary 08, 1864Full Service Brick and Mortar
    1291389Norton Branch25 West Main Street, Norton, MA 2766Febuary 03, 1975Full Service Brick and Mortar
    3291391South Easton Branch679 Depot Street, South Easton, MA 2375January 15, 1986Full Service Brick and Mortar
    4291392Mansfield Branch71 Copeland Drive, Mansfield, MA 2048June 13, 1994Full Service Brick and Mortar
    5291393547 Washington Street Branch547 Washington Street, South Easton, MA 2375March 16, 1998Full Service Brick and Mortar
    6358171Mansfield Avenue Branch172 Mansfield Avenue, Norton, MA 2766September 25, 2000Full Service Brick and Mortar
    7423034Roche Bros. Supermarket Branch25 Washington Street, North Easton, MA 2356October 06, 2003Full Service Retail
    8455976North Attleboro Shaws Branch125 Toner Boulevard, North Attleboro, MA 2760October 27, 2006Full Service Retail
    10490691North Easton Branch295 Main Street, North Easton, MA 2356May 15, 2009Full Service Brick and Mortar

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