Northfield Savings Bank in Northfield, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northfield Savings Bank - Overview

  • 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
    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)

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
  • 142Total employees (full-time equivalent)
  • $685,763Total assets
  • $9,406Cash and due from depository institutions
  • $252Interest-bearing balances
  • $194,389Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $439,346Net loans & leases
  • $5,713Loan loss allowance
  • $0Trading account assets
  • $9,445Bank premises and fixed assets
  • $334Other real estate owned
  • $0Goodwill and other intangibles
  • $685,763Life insurance assets
  • $32,843All other assets
  • $598,882Total liabilities and capital
  • $511,013Total liabilities
  • $430,702Total deposits
  • $511,013Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 35985.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $45,918Trading liabilities
  • $0Other borrowed funds
  • $5,966Subordinated debt
  • $86,881All other liabilities
  • $86,881Total equity capital
  • $86,881Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $0Surplus
  • $86,880Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,947Income earned, not collected on loans
  • $0Earning assets
  • $1,935Long-term assets (5+ years)
  • $633,987Average Assets, year-to-date
  • $358,091Average Assets, quarterly
  • $665,345Volatile liabilities
  • $686,952Insider loans
  • $409,925FHLB advances
  • $682,645Loans and leases held for sale
  • $17,388Unused loan commitments
  • $17,388Tier 1 (core) risk-based capital
  • $83,714Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $88,810Restructured Loans and leases
  • $3,704Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,051Total interest income
  • $5,795Total interest expense
  • $21,256Net interest income
  • $0Provision for loan and lease losses
  • $3,411Total noninterest income
  • $0Fiduciary activities
  • $1,085Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,326Additional noninterest income
  • $18,726Total noninterest expense
  • $10,133Salaries and employee benefits
  • $2,242Premises and equipment expense
  • $6,351Additional noninterest expense
  • $5,941Pre-tax net operating income
  • $138Securities gains (losses)
  • $1,172Applicable income taxes
  • $4,907Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,907Net income attributable to bank
  • $0Net charge-offs
  • $4,907Cash dividends
  • $160Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 5.87%Return on equity (ROE)
  • 5.87%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 37.13%Efficiency ratio
  • 75,915Assets per employee
  • 4.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 144.74%Noncurrent assets plus other real estate owned to assets
  • 0.62%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 85.98%Net loans and leases to core deposits
  • 92.80%Equity capital to assets
  • 12.67%Core capital (leverage) ratio
  • 12.26%Tier 1 risk-based capital ratio
  • 20.42%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $665,345Average earning assets
  • $83,606Average equity
  • $614,874Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $35Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $35Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $35Fiduciary accounts held in foreign offices

List of branches

  • 13 Vermont Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08830Northfield Savings Bank33 South Main Street, Northfield, VT 5663November 21, 1867Full Service Brick and Mortar
    1231023Barre Branch289 North Main Street, Barre, VT 5641November 20, 1972Full Service Brick and Mortar
    2231024Waterbury Branch29 South Main Street, Waterbury, VT 5676September 08, 1975Full Service Brick and Mortar
    3231025Randolph Branch2 North Main Street, Randolph, VT 5060November 01, 1978Full Service Brick and Mortar
    4231026Montpelier Branch100 State Street, Montpelier, VT 5602May 12, 1980Full Service Brick and Mortar
    5231027Wall Street Complex Branch137 South Main Street, Barre, VT 5641October 22, 1986Full Service Brick and Mortar
    6231028Bethel/Royalton BranchRd1 Route 107, Bethel, VT 5032November 12, 1996Full Service Brick and Mortar
    7231029Waitsfield BranchMad River Shopping Center, Route 100, Waitsfield, VT 5673May 04, 1998Full Service Brick and Mortar
    8423092Pearl Street Essex Junction Branch71 Pearl Street, Essex Junction, VT 5452September 01, 2003Full Service Brick and Mortar
    9424736South Burlington Branch1120 Shelburne Road, South Burlington, VT 5403December 29, 2003Full Service Brick and Mortar
    10428158Williston Branch60 Wright Avenue, Williston, VT 5495May 17, 2004Full Service Brick and Mortar
    11441411Burlington Branch160 College Street, Burlington, VT 5402June 27, 2005Full Service Brick and Mortar
    12454491Williston Road South Burlington Bran1143 Williston Road, South Burlington, VT 5403August 21, 2006Full Service Brick and Mortar

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