Passumpsic Savings Bank in St. Johnsbury, Vermont (VT), NH
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Passumpsic Savings Bank in St. Johnsbury, Vermont (VT), NH
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Passumpsic Savings Bank - Overview

  • General
  • FDIC Certificate #: 14134
    Status: Active
    Federal Reserve ID: 300009
    Bank Holding Company (Regulatory Top Holder): Passumpsic Bancorp (RSSDID: 2337081, Location: Saint Johnsbury, VT)
    Date Established: Febuary 24, 1853
    WWW: http://www.passumpsicbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 12, Interstate: Yes)
    OTS Docket #: 10324
    FDIC's unique #: 8828
    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: Commercial Lending Specialization
    Date of Deposit Insurance: March 31, 1934
    Last Structure Change Effective Date: July 12, 2008
    Last Structure Change Process Date: July 16, 2008
    Last Data Update: July 16, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 497 Railroad Street, St. Johnsbury, VT 5819
    County: Caledonia
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $571.1 mil
    Equity capital: $59.4 mil
    Deposits held in domestic offices: $460.4 mil
    Return on assets (ROA): -0.22% (-$1.3 mil)
    Quarterly return on assets: -0.15% (-$0.9 mil)
    Return on Equity (ROE): -2.11% (-$1.2 mil)
    Quarterly return on equity: -1.46% (-$0.9 mil)
    Net income: -$1.3 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.49% (-$2,798.3 mil)
    Quarterly Pretax return on assets: -0.41% (-$2,341.5 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
  • 173Total employees (full-time equivalent)
  • $571,091Total assets
  • $25,733Cash and due from depository institutions
  • $16,890Interest-bearing balances
  • $52,781Securities
  • $872Federal funds sold & reverse repurchase agreements
  • $430,594Net loans & leases
  • $6,464Loan loss allowance
  • $0Trading account assets
  • $13,976Bank premises and fixed assets
  • $1,296Other real estate owned
  • $18,283Goodwill and other intangibles
  • $571,091Life insurance assets
  • $27,556All other assets
  • $511,709Total liabilities and capital
  • $460,435Total liabilities
  • $408,592Total deposits
  • $460,435Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 1938.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $39,048Trading liabilities
  • $0Other borrowed funds
  • $10,288Subordinated debt
  • $59,382All other liabilities
  • $59,382Total equity capital
  • $59,382Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $59,382Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $23,233Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,689Income earned, not collected on loans
  • $3,686Earning assets
  • $1,854Long-term assets (5+ years)
  • $501,137Average Assets, year-to-date
  • $222,723Average Assets, quarterly
  • $565,116Volatile liabilities
  • $574,411Insider loans
  • $380,118FHLB advances
  • $576,256Loans and leases held for sale
  • $12,156Unused loan commitments
  • $9,975Tier 1 (core) risk-based capital
  • $42,062Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,181Total unused commitments
  • $36,253Restructured Loans and leases
  • $2,826Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,119Total interest income
  • $5,711Total interest expense
  • $19,408Net interest income
  • $8,550Provision for loan and lease losses
  • $6,269Total noninterest income
  • $756Fiduciary activities
  • $1,030Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,483Additional noninterest income
  • $20,646Total noninterest expense
  • $10,760Salaries and employee benefits
  • $2,758Premises and equipment expense
  • $7,128Additional noninterest expense
  • -$3,519Pre-tax net operating income
  • $740Securities gains (losses)
  • -$1,513Applicable income taxes
  • -$1,266Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,266Net income attributable to bank
  • $0Net charge-offs
  • -$1,266Cash dividends
  • $7,336Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 3.95%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 4.20%Noninterest expense to earning assets
  • -0.31%Net operating income to assets
  • -0.22%Return on assets (ROA)
  • -0.49%Pretax return on assets
  • -2.11%Return on equity (ROE)
  • -2.11%Retained earnings to average equity (YTD only)
  • 1.67%Net charge-offs to loans
  • 116.55%Credit loss provision to net charge-offs
  • 0.69%Efficiency ratio
  • 78,483Assets per employee
  • 3.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 50.94%Noncurrent assets plus other real estate owned to assets
  • 2.45%Noncurrent loans to loans
  • 2.90%Net loans and leases to deposits
  • 93.52%Net loans and leases to core deposits
  • 100.98%Equity capital to assets
  • 10.40%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 11.07%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $565,116Average earning assets
  • $59,903Average equity
  • $491,751Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $110,073Managed Assets
  • 1Number of Accounts
  • $110,073Personal trust and agency accounts
  • $25,209Employee benefit-defined contribution accounts
  • $10,449Employee benefit-defined benefit accounts
  • $79Other retirement accounts
  • $20,343Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $53,993Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 576Number of Accounts
  • $0Personal trust and agency accounts
  • $20,343Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 New Hampshire Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6231018Littleton Loan Production Branch225 West Main Street, Littleton, NH 3561April 10, 1995Limited Service Loan Production
    1174922Passumpsic Bank,fsb/Branch81 Meadow Street, Littleton, NH 3561October 21, 1999Full Service Brick and Mortar
    1311964The Siwooganock Bank Branch117 Main Street, Lancaster, NH 3584August 04, 1887Full Service Brick and Mortar
    14243628Groveton Branch40 State Street, Northumberland, NH 3582September 30, 1985Full Service Brick and Mortar
    17209043Whitefield Branch20 Jefferson Road, Whitefield, NH 3598July 10, 1986Full Service Brick and Mortar
  • 8 Vermont Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08828Passumpsic Savings Bank497 Railroad Street, St. Johnsbury, VT 5819Febuary 24, 1853Full Service Brick and Mortar
    3231015Newport Branch1 Gardner Street, Newport, VT 5855March 23, 1981Full Service Brick and Mortar
    4231016Main Street Branch1236 Main Street, St. Johnsbury, VT 5819Febuary 28, 1983Full Service Brick and Mortar
    5231017Memorial Branch62 Broad Street, Lyndonville, VT 5851September 21, 1988Full Service Brick and Mortar
    84234Danville Branch53 Route 2 West, Danville, VT 5828January 01, 1825Full Service Brick and Mortar
    9231020Operations Center BranchU.S. Route 5, St. Johnsbury, VT 5819August 07, 1996Full Service Brick and Mortar
    10361010Northeast Home Loan, Llc Branch80 Flat Street, Suite 107, Brattleboro, VT 5301September 13, 2000Limited Service Contractual
    12363153Mill Street Branch49 Mill Street, Island Pond, VT 5846Febuary 25, 2002Full Service Brick and Mortar

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