Orange Savings Bank in Orange, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 11, 1998

Orange Savings Bank in Orange, Massachusetts (MA)
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Orange Savings Bank - Overview

General
FDIC Certificate #: 90261
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Family Bank, National Association (#90209)
Federal Reserve ID: 291107
Date Established: January 01, 1871
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 8343
FDIC's unique #: 17851
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: September 06, 1985
Last Structure Change Effective Date: April 11, 1998
Last Structure Change Process Date: April 30, 1998
Last Data Update: April 30, 1998
Data Source Date: April 05, 2012
Location
Address: 30 East Main Street, Orange, MA 1364
County: Franklin
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): Springfield, MA (#44140)
CBSA Metro Statistical Area: Springfield, MA (#44140)
Financial Summary
Total assets: $88.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
23Total employees (full-time equivalent)
$92,829Total assets
$1,274Cash and due from depository institutions
$3Interest-bearing balances
$5,149Securities
$13,119Federal funds sold & reverse repurchase agreements
$68,516Net loans & leases
$642Loan loss allowance
$0Trading account assets
$1,304Bank premises and fixed assets
$205Other real estate owned
$16Goodwill and other intangibles
$0Life insurance assets
$3,246All other assets
$92,829Total liabilities and capital
$83,082Total liabilities
$75,610Total deposits
$71,774Interest-bearing deposits
$75,610Deposits held in domestic offices
0.00%% insured (estimated)
$6,723Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$749All other liabilities
$9,747Total equity capital
$9,747Total bank equity capital
$9,747Perpetual preferred stock
$0Common stock
$10Surplus
$3,236Undivided profits
Memoranda
$6,501Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$863Earning assets
$0Long-term assets (5+ years)
$334Average Assets, year-to-date
$86,787Average Assets, quarterly
$4,295Volatile liabilities
$88,858Insider loans
$91,580FHLB advances
$11,263Loans and leases held for sale
$222Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,923Total unused commitments
$0Restructured Loans and leases
$49,406Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$6,565Total interest income
$2,943Total interest expense
$3,622Net interest income
$120Provision for loan and lease losses
$402Total noninterest income
$0Fiduciary activities
$187Service charges on deposit accounts
$0Trading account gains & fees
$215Additional noninterest income
$2,462Total noninterest expense
$937Salaries and employee benefits
$251Premises and equipment expense
$1,274Additional noninterest expense
$1,442Pre-tax net operating income
$0Securities gains (losses)
$471Applicable income taxes
$971Income before extraordinary items
$0Extraordinary gains - net
$971Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$214Sale, conversion, retirement of capital stock, net
$770Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.96%Yield on earning assets
3.57%Cost of funding earning assets
4.39%Net interest margin
0.49%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
1.09%Net operating income to assets
1.09%Return on assets (ROA)
1.62%Pretax return on assets
10.04%Return on equity (ROE)
2.08%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
56.07%Credit loss provision to net charge-offs
7.30%Efficiency ratio
60,586Assets per employee
4.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
79.30%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
74.39%Noncurrent assets plus other real estate owned to assets
1.15%Noncurrent loans to loans
1.25%Net loans and leases to deposits
90.62%Net loans and leases to core deposits
96.41%Equity capital to assets
10.50%Core capital (leverage) ratio
10.36%Tier 1 risk-based capital ratio
19.69%Total risk-based capital ratio
Memoranda
$21Average assets
$88,858Average earning assets
$9,669Average equity
$82,522Average loans

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