Northfield Savings Bank in Northfield, Vermont (VT)
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| Northfield Savings Bank | |
|---|---|
| General | FDIC Certificate #: 14140 Status: Active Federal Reserve ID: 520003 Bank Holding Company (Regulatory Top Holder): Northfield Mhc (RSSDID: 2934305, Location: Northfield, VT) Date Established: November 21, 1867 WWW: http://www.nsbvt.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 13 (Domestic: 13, Interstate: No) OTS Docket #: 8416 FDIC's unique #: 8830 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: Mortgage Lending Specialization Date of Deposit Insurance: March 31, 1934 Last Structure Change Effective Date: April 25, 2007 Last Structure Change Process Date: April 25, 2007 Last Data Update: April 25, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 33 South Main Street, Northfield, VT 5663 County: Washington 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 Core Based Statistical Area (CBSA): Barre, VT (#12740) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Trust Powers |
| Financial Summary | Total assets: $685.8 mil Equity capital: $86.9 mil Deposits held in domestic offices: $511.0 mil Return on assets (ROA): 0.74% ($5.1 mil) Quarterly return on assets: 0.62% ($4.3 mil) Return on Equity (ROE): 5.87% ($5.1 mil) Quarterly return on equity: 4.90% ($4.3 mil) Net income: $4.9 mil Quarterly Net income: $1.1 mil Pretax return on assets: 0.91% ($6,240.4 mil) Quarterly Pretax return on assets: 0.71% ($4,868.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 142 |
| Total assets | $685,763 |
| Cash and due from depository institutions | $9,406 |
| Interest-bearing balances | $252 |
| Securities | $194,389 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $439,346 |
| Loan loss allowance | $5,713 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,445 |
| Other real estate owned | $334 |
| Goodwill and other intangibles | $0 |
| All other assets | $32,843 |
| Life insurance assets | $685,763 |
| Total liabilities and capital | $598,882 |
| Total liabilities | $511,013 |
| Total deposits | $430,702 |
| Interest-bearing deposits | $511,013 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 35985.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $45,918 |
| Other borrowed funds | $0 |
| Subordinated debt | $5,966 |
| All other liabilities | $86,881 |
| Total equity capital | $86,881 |
| Total bank equity capital | $86,881 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $0 |
| Undivided profits | $86,880 |
| 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 | $3,947 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,935 |
| Average Assets, year-to-date | $633,987 |
| Average Assets, quarterly | $358,091 |
| Volatile liabilities | $665,345 |
| Insider loans | $686,952 |
| FHLB advances | $409,925 |
| Loans and leases held for sale | $682,645 |
| Unused loan commitments | $17,388 |
| Tier 1 (core) risk-based capital | $17,388 |
| Tier 2 risk-based capital | $83,714 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $88,810 |
| Derivatives | $3,704 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $27,051 |
| Total interest expense | $5,795 |
| Net interest income | $21,256 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $3,411 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,085 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,326 |
| Total noninterest expense | $18,726 |
| Salaries and employee benefits | $10,133 |
| Premises and equipment expense | $2,242 |
| Additional noninterest expense | $6,351 |
| Pre-tax net operating income | $5,941 |
| Securities gains (losses) | $138 |
| Applicable income taxes | $1,172 |
| Income before extraordinary items | $4,907 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $4,907 |
| Net charge-offs | $0 |
| Cash dividends | $4,907 |
| Sale, conversion, retirement of capital stock, net | $160 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.40% |
| Cost of funding earning assets | 0.94% |
| Net interest margin | 3.46% |
| Noninterest income to earning assets | 0.55% |
| Noninterest expense to earning assets | 3.05% |
| Net operating income to assets | 0.72% |
| Return on assets (ROA) | 0.74% |
| Pretax return on assets | 0.91% |
| Return on equity (ROE) | 5.87% |
| Retained earnings to average equity (YTD only) | 5.87% |
| Net charge-offs to loans | 0.04% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 37.13% |
| Assets per employee | $75,915 |
| Cash dividends to net income (YTD only) | 4.83% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.28% |
| Noncurrent assets plus other real estate owned to assets | 144.74% |
| Noncurrent loans to loans | 0.62% |
| Net loans and leases to deposits | 0.89% |
| Net loans and leases to core deposits | 85.98% |
| Equity capital to assets | 92.80% |
| Core capital (leverage) ratio | 12.67% |
| Tier 1 risk-based capital ratio | 12.26% |
| Total risk-based capital ratio | 20.42% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $665,345 |
| Average equity | $83,606 |
| Average loans | $614,874 |
| Total Fiduciary and Related Assets (December 31, 2001) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $35 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $35 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $35 |
| 13 Vermont Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 8830 | Northfield Savings Bank | 33 South Main Street, Northfield, VT 5663 | November 21, 1867 | Full Service Brick and Mortar |  |
| 1 | 231023 | Barre Branch | 289 North Main Street, Barre, VT 5641 | November 20, 1972 | Full Service Brick and Mortar |  |
| 2 | 231024 | Waterbury Branch | 29 South Main Street, Waterbury, VT 5676 | September 08, 1975 | Full Service Brick and Mortar | |
| 3 | 231025 | Randolph Branch | 2 North Main Street, Randolph, VT 5060 | November 01, 1978 | Full Service Brick and Mortar | |
| 4 | 231026 | Montpelier Branch | 100 State Street, Montpelier, VT 5602 | May 12, 1980 | Full Service Brick and Mortar | |
| 5 | 231027 | Wall Street Complex Branch | 137 South Main Street, Barre, VT 5641 | October 22, 1986 | Full Service Brick and Mortar | |
| 6 | 231028 | Bethel/Royalton Branch | Rd1 Route 107, Bethel, VT 5032 | November 12, 1996 | Full Service Brick and Mortar | |
| 7 | 231029 | Waitsfield Branch | Mad River Shopping Center, Route 100, Waitsfield, VT 5673 | May 04, 1998 | Full Service Brick and Mortar | |
| 8 | 423092 | Pearl Street Essex Junction Branch | 71 Pearl Street, Essex Junction, VT 5452 | September 01, 2003 | Full Service Brick and Mortar | |
| 9 | 424736 | South Burlington Branch | 1120 Shelburne Road, South Burlington, VT 5403 | December 29, 2003 | Full Service Brick and Mortar | |
| 10 | 428158 | Williston Branch | 60 Wright Avenue, Williston, VT 5495 | May 17, 2004 | Full Service Brick and Mortar | |
| 11 | 441411 | Burlington Branch | 160 College Street, Burlington, VT 5402 | June 27, 2005 | Full Service Brick and Mortar | |
| 12 | 454491 | Williston Road South Burlington Bran | 1143 Williston Road, South Burlington, VT 5403 | August 21, 2006 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.