PeoplesBank in Holyoke, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

PeoplesBank - Overview

  • General
  • FDIC Certificate #: 90213
    Status: Active
    Federal Reserve ID: 613400
    Bank Holding Company (Regulatory Top Holder): Peoplesbancorp, Mhc (RSSDID: 3186585, Location: Holyoke, MA)
    Date Established: March 17, 1885
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 18 (Domestic: 18, Interstate: No)
    OTS Docket #: 14281
    FDIC's unique #: 17804
    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: July 01, 1985
    Last Structure Change Effective Date: Febuary 12, 2007
    Last Structure Change Process Date: Febuary 12, 2007
    Last Data Update: Febuary 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 314 High Street, Holyoke, MA 1040
    County: Hampden
    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
    Metropolitan Statistical Area (MSA): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • Financial Summary
  • Total assets: $1,653.1 mil
    Equity capital: $162.1 mil
    Deposits held in domestic offices: $1,224.2 mil
    Return on assets (ROA): 0.70% ($11.6 mil)
    Quarterly return on assets: 0.56% ($9.3 mil)
    Return on Equity (ROE): 7.55% ($12.2 mil)
    Quarterly return on equity: 5.70% ($9.2 mil)
    Net income: $11.5 mil
    Quarterly Net income: $2.3 mil
    Pretax return on assets: 0.95% ($15,704.8 mil)
    Quarterly Pretax return on assets: 0.69% ($11,406.7 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
  • 231Total employees (full-time equivalent)
  • $1,653,140Total assets
  • $46,442Cash and due from depository institutions
  • $29,463Interest-bearing balances
  • $515,090Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $977,396Net loans & leases
  • $10,151Loan loss allowance
  • $0Trading account assets
  • $35,882Bank premises and fixed assets
  • $2,836Other real estate owned
  • $1,589Goodwill and other intangibles
  • $1,653,140Life insurance assets
  • $73,905All other assets
  • $1,491,040Total liabilities and capital
  • $1,224,188Total liabilities
  • $1,095,910Total deposits
  • $1,224,188Interest-bearing deposits
  • $72Deposits held in domestic offices
  • 48635.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $197,833Trading liabilities
  • $0Other borrowed funds
  • $20,384Subordinated debt
  • $162,100All other liabilities
  • $162,100Total equity capital
  • $162,100Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $0Surplus
  • $161,600Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,201Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,671Income earned, not collected on loans
  • $0Earning assets
  • $5,109Long-term assets (5+ years)
  • $1,521,949Average Assets, year-to-date
  • $875,141Average Assets, quarterly
  • $1,637,285Volatile liabilities
  • $1,651,717Insider loans
  • $1,089,303FHLB advances
  • $1,641,502Loans and leases held for sale
  • $36,683Unused loan commitments
  • $30,046Tier 1 (core) risk-based capital
  • $153,403Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,637Total unused commitments
  • $158,307Restructured Loans and leases
  • $14,532Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $66,457Total interest income
  • $20,897Total interest expense
  • $45,560Net interest income
  • $2,590Provision for loan and lease losses
  • $10,527Total noninterest income
  • $0Fiduciary activities
  • $2,935Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,592Additional noninterest income
  • $38,438Total noninterest expense
  • $20,728Salaries and employee benefits
  • $4,839Premises and equipment expense
  • $12,871Additional noninterest expense
  • $15,059Pre-tax net operating income
  • $573Securities gains (losses)
  • $4,092Applicable income taxes
  • $11,540Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,540Net income attributable to bank
  • $0Net charge-offs
  • $11,540Cash dividends
  • $3,383Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.02%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 7.55%Return on equity (ROE)
  • 7.55%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 76.56%Credit loss provision to net charge-offs
  • 5.22%Efficiency ratio
  • 68,533Assets per employee
  • 7.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 217.32%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 79.84%Net loans and leases to core deposits
  • 83.85%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 9.35%Tier 1 risk-based capital ratio
  • 14.08%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,637,285Average earning assets
  • $152,773Average equity
  • $1,506,559Average 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
  • $558Managed Assets
  • 1Number of Accounts
  • $558Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $558Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 89Number 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
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 18 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017804Peoplesbank314 High Street, Holyoke, MA 1040March 17, 1885Full Service Brick and Mortar
    1291208Hampden Street Branch825 Hampden Street, Holyoke, MA 1040August 06, 1966Full Service Brick and Mortar
    2291209South Street Branch596 South Street, Holyoke, MA 1040September 25, 1971Full Service Brick and Mortar
    3291210Chicopee Branch1936 Memorial Drive, Chicopee, MA 1020October 14, 1972Full Service Brick and Mortar
    5291212South Hadley Branch494 Newton Street, South Hadley, MA 1075April 26, 1993Full Service Brick and Mortar
    6291213Williams Place Branch783 Williams Street, Longmeadow, MA 1106November 02, 1998Full Service Brick and Mortar
    7291214South Maple Street5 South Maple Street, Hadley, MA 1035Febuary 16, 2000Full Service Brick and Mortar
    8359928Memorial Drive Branch610 Memorial Drive, Chicopee, MA 1020May 07, 2001Full Service Brick and Mortar
    9366335Amherst Branch56 Amity Street, Amherst, MA 1002December 18, 2002Full Service Brick and Mortar
    10442355East Longmeadow Branch201 North Main Street, East Longmeadow, MA 1028October 04, 2004Full Service Brick and Mortar
    11451218Westfield Branch281 East Main Street, Westfield, MA 1085April 07, 2006Full Service Brick and Mortar
    12454920College Street Branch7 College Street, South Hadley, MA 1075August 28, 2006Full Service Brick and Mortar
    13454922Springfield Branch1900 Wilbraham Road, Springfield, MA 1129August 22, 2006Full Service Brick and Mortar
    14480642Sumner Street Springfield Branch1240 Sumner Avenue, Springfield, MA 1118August 28, 2008Full Service Brick and Mortar
    15501286St. James Avenue Branch1051 St. James Avenue, Springfield, MA 1104January 29, 2010Full Service Brick and Mortar
    16509270Wilbraham Road Branch807 Wilbraham Road, Springfield, MA 1109May 19, 2010Full Service Brick and Mortar
    17509271Tabor Crossing Branch24 Tabor Crossing, Longmeadow, MA 1106May 19, 2010Full Service Brick and Mortar
    18522162West Springfield Branch547 Memorial Avenue, West Springfield, MA 1089July 05, 2011Full Service Brick and Mortar

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