North Middlesex Savings Bank in Ayer, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


North Middlesex Savings Bank - Overview

  • General
  • FDIC Certificate #: 90147
    Status: Active
    Federal Reserve ID: 317100
    Date Established: March 05, 1885
    WWW: http://www.nmsb.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 8141
    FDIC's unique #: 17742
    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: Commercial Lending Specialization
    Date of Deposit Insurance: September 10, 1985
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 7 Main Street, Ayer, MA 1432
    County: Middlesex
    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: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $329.3 mil
    Equity capital: $27.6 mil
    Deposits held in domestic offices: $268.7 mil
    Return on assets (ROA): 0.11% ($0.4 mil)
    Quarterly return on assets: 0.09% ($0.3 mil)
    Return on Equity (ROE): 1.35% ($0.4 mil)
    Quarterly return on equity: 1.10% ($0.3 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.03% ($98.8 mil)
    Quarterly Pretax return on assets: -0.02% (-$65.9 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
  • 79Total employees (full-time equivalent)
  • $329,317Total assets
  • $15,586Cash and due from depository institutions
  • $9,557Interest-bearing balances
  • $50,215Securities
  • $282Federal funds sold & reverse repurchase agreements
  • $236,592Net loans & leases
  • $3,554Loan loss allowance
  • $0Trading account assets
  • $5,724Bank premises and fixed assets
  • $1,485Other real estate owned
  • $627Goodwill and other intangibles
  • $329,317Life insurance assets
  • $18,806All other assets
  • $301,734Total liabilities and capital
  • $268,710Total liabilities
  • $262,175Total deposits
  • $268,710Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 355.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,658Trading liabilities
  • $0Other borrowed funds
  • $7,011Subordinated debt
  • $27,583All other liabilities
  • $27,583Total equity capital
  • $27,583Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $27,583Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $959Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,607Income earned, not collected on loans
  • $0Earning assets
  • $1,281Long-term assets (5+ years)
  • $296,646Average Assets, year-to-date
  • $136,320Average Assets, quarterly
  • $332,102Volatile liabilities
  • $328,501Insider loans
  • $241,311FHLB advances
  • $323,002Loans and leases held for sale
  • $7,147Unused loan commitments
  • $7,147Tier 1 (core) risk-based capital
  • $26,070Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $48,006Restructured Loans and leases
  • $1,512Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,711Total interest income
  • $3,222Total interest expense
  • $10,489Net interest income
  • $1,786Provision for loan and lease losses
  • $2,002Total noninterest income
  • $0Fiduciary activities
  • $931Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,071Additional noninterest income
  • $10,672Total noninterest expense
  • $5,460Salaries and employee benefits
  • $1,435Premises and equipment expense
  • $3,777Additional noninterest expense
  • $33Pre-tax net operating income
  • $77Securities gains (losses)
  • -$260Applicable income taxes
  • $370Income before extraordinary items
  • $0Extraordinary gains - net
  • $370Net income attributable to bank
  • $0Net charge-offs
  • $370Cash dividends
  • $632Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.11%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 1.35%Return on equity (ROE)
  • 1.35%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 282.59%Credit loss provision to net charge-offs
  • 2.88%Efficiency ratio
  • 85,438Assets per employee
  • 4.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 46.72%Noncurrent assets plus other real estate owned to assets
  • 2.80%Noncurrent loans to loans
  • 3.17%Net loans and leases to deposits
  • 88.05%Net loans and leases to core deposits
  • 94.06%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 10.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $332,102Average earning assets
  • $27,411Average equity
  • $297,753Average loans

List of branches

  • 7 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017742North Middlesex Savings Bank7 Main Street, Ayer, MA 1432March 05, 1885Full Service Brick and Mortar
    1290967Littleton Branch220 Great Road, Littleton, MA 1460November 19, 1986Full Service Brick and Mortar
    2290968Pepperell Branch80 Main Street, Pepperell, MA 1463December 12, 1994Full Service Brick and Mortar
    3360063Devens Branch6 Andrews Parkway, Devens, MA 1434May 17, 2001Full Service Brick and Mortar
    4419339Lunenburg Branch947 Massachusetts Avenue Branch, Lunenburg, MA 1462June 04, 2003Full Service Brick and Mortar
    5432105Shirley Branch95 Front Street, Shirley, MA 1464August 16, 2004Full Service Brick and Mortar
    6450693Groton Branch489 Main Street, Groton, MA 1450March 28, 2006Full Service Brick and Mortar

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