Rollstone Bank & Trust in Fitchburg, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Rollstone Bank & Trust in Fitchburg, Massachusetts (MA)
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Rollstone Bank & Trust - Overview

  • General
  • FDIC Certificate #: 17797
    Status: Active
    Federal Reserve ID: 837608
    Date Established: Febuary 12, 1846
    WWW: http://www.rollstonebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 7794
    FDIC's unique #: 11746
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 29, 1957
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 780 Main Street, Fitchburg, MA 1420
    County: Worcester
    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): Fitchburg-Leominster, MA (#2600)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Worcester, MA (#49340)
    CBSA Metro Statistical Area: Worcester, MA (#49340)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $532.9 mil
    Equity capital: $51.2 mil
    Deposits held in domestic offices: $299.5 mil
    Return on assets (ROA): 0.56% ($3.0 mil)
    Quarterly return on assets: 0.25% ($1.3 mil)
    Return on Equity (ROE): 6.00% ($3.1 mil)
    Quarterly return on equity: 2.64% ($1.3 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.71% ($3,783.9 mil)
    Quarterly Pretax return on assets: 0.23% ($1,225.8 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
  • 107Total employees (full-time equivalent)
  • $532,942Total assets
  • $4,912Cash and due from depository institutions
  • $437Interest-bearing balances
  • $169,960Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $323,868Net loans & leases
  • $4,382Loan loss allowance
  • $0Trading account assets
  • $8,770Bank premises and fixed assets
  • $1,141Other real estate owned
  • $0Goodwill and other intangibles
  • $532,942Life insurance assets
  • $24,291All other assets
  • $481,725Total liabilities and capital
  • $299,452Total liabilities
  • $254,019Total deposits
  • $299,452Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 82283.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $95,940Trading liabilities
  • $0Other borrowed funds
  • $4,050Subordinated debt
  • $51,217All other liabilities
  • $51,217Total equity capital
  • $51,217Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $51,217Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,130Income earned, not collected on loans
  • $0Earning assets
  • $1,839Long-term assets (5+ years)
  • $494,265Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $530,359Volatile liabilities
  • $534,487Insider loans
  • $326,002FHLB advances
  • $531,158Loans and leases held for sale
  • $11,553Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $49,433Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $67,785Restructured Loans and leases
  • $4,645Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,298Total interest income
  • $7,703Total interest expense
  • $14,595Net interest income
  • $1,355Provision for loan and lease losses
  • $2,188Total noninterest income
  • $0Fiduciary activities
  • $705Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,483Additional noninterest income
  • $13,546Total noninterest expense
  • $8,539Salaries and employee benefits
  • $2,171Premises and equipment expense
  • $2,836Additional noninterest expense
  • $1,882Pre-tax net operating income
  • $1,885Securities gains (losses)
  • $796Applicable income taxes
  • $2,971Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,971Net income attributable to bank
  • $0Net charge-offs
  • $2,971Cash dividends
  • $1,356Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 2.97%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 6.00%Return on equity (ROE)
  • 6.00%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 99.93%Credit loss provision to net charge-offs
  • 2.39%Efficiency ratio
  • 80,713Assets per employee
  • 4.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 71.48%Noncurrent assets plus other real estate owned to assets
  • 1.36%Noncurrent loans to loans
  • 1.87%Net loans and leases to deposits
  • 108.15%Net loans and leases to core deposits
  • 132.94%Equity capital to assets
  • 9.61%Core capital (leverage) ratio
  • 9.31%Tier 1 risk-based capital ratio
  • 15.16%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $530,359Average earning assets
  • $49,479Average equity
  • $491,974Average 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
  • $20,363Managed Assets
  • 1Number of Accounts
  • $20,363Personal trust and agency accounts
  • $71Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $2,280Corporate trust and agency accounts
  • $843Investment management agency accounts
  • $10,742Other fiduciary accounts
  • $6,427Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 30Number of Accounts
  • $0Personal trust and agency accounts
  • $2,280Employee 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

  • 7 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011746Rollstone Bank & Trust780 Main Street, Fitchburg, MA 1420Febuary 12, 1846Full Service Brick and Mortar
    1242803Parkhill Plaza Branch519 Electric Avenue, Fitchburg, MA 1420November 21, 1956Full Service Brick and Mortar
    2242804Fitchgate BranchJohn Fitch Highway, Fitchburg, MA 1420March 07, 1962Full Service Brick and Mortar
    4242806Harvard BranchRoute 110 And Old Mill Road, Harvard, MA 1451June 28, 1974Full Service Brick and Mortar
    6242808Townsend Branch225 Main Street, Townsend, MA 1469March 31, 1978Full Service Brick and Mortar
    8242810Leominster BranchMill Street, Leominster, MA 1453March 16, 1995Full Service Brick and Mortar
    9461742Central Street Branch721 Central Street, Leominster, MA 1453October 01, 2003Full Service Brick and Mortar

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