S-Bank in city_name, state_name - Detailed Financial Reports, Location

S-Bank in Weymouth, Massachusetts (MA)
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S-Bank routing number info

S-Bank - Overview

General
FDIC Certificate #: 26575
Status: Active
Federal Reserve ID: 116077
Bank Holding Company (Regulatory Top Holder): South Shore Mutual Holding Company (RSSDID: 3164369, Location: Weymouth, MA)
Date Established: January 01, 1890
WWW: http://www.s-bank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 5361
FDIC's unique #: 35277
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 03, 1986
Last Structure Change Effective Date: August 01, 2009
Last Structure Change Process Date: September 25, 2009
Last Data Update: September 25, 2009
Data Source Date: April 05, 2012
Location
Address: 195 Washington Street, Weymouth, MA 2188
County: Norfolk
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: South Boston
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
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): Boston-Cambridge-Quincy, MA-NH (#14460)
CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
Core Based Statistical Division: Boston-Quincy, MA (#14484)
History of Changes
Name Change
Financial Summary
Total assets: $214.7 mil
Equity capital: $16.6 mil
Deposits held in domestic offices: $183.5 mil
Return on assets (ROA): 0.23% ($0.5 mil)
Quarterly return on assets: 0.16% ($0.3 mil)
Return on Equity (ROE): 3.07% ($0.5 mil)
Quarterly return on equity: 2.12% ($0.4 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.32% ($686.9 mil)
Quarterly Pretax return on assets: 0.23% ($493.7 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
38Total employees (full-time equivalent)
$214,667Total assets
$12,461Cash and due from depository institutions
$11,811Interest-bearing balances
$63,003Securities
$0Federal funds sold & reverse repurchase agreements
$124,965Net loans & leases
$2,009Loan loss allowance
$0Trading account assets
$2,559Bank premises and fixed assets
$1,029Other real estate owned
$0Goodwill and other intangibles
$214,667Life insurance assets
$10,650All other assets
$198,055Total liabilities and capital
$183,476Total liabilities
$163,016Total deposits
$183,476Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$11,100Trading liabilities
$0Other borrowed funds
$3,479Subordinated debt
$16,612All other liabilities
$16,612Total equity capital
$16,612Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$2,950Surplus
$13,162Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,905Income earned, not collected on loans
$0Earning assets
$757Long-term assets (5+ years)
$199,779Average Assets, year-to-date
$118,283Average Assets, quarterly
$216,185Volatile liabilities
$214,078Insider loans
$130,100FHLB advances
$215,986Loans and leases held for sale
$3,986Unused loan commitments
$2,493Tier 1 (core) risk-based capital
$16,330Tier 2 risk-based capital
$127Total risk weighted assets
$1,366Total unused commitments
$15,952Restructured Loans and leases
$498Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,243Total interest income
$2,231Total interest expense
$7,012Net interest income
$470Provision for loan and lease losses
$419Total noninterest income
$0Fiduciary activities
$197Service charges on deposit accounts
$0Trading account gains & fees
$222Additional noninterest income
$6,400Total noninterest expense
$3,448Salaries and employee benefits
$658Premises and equipment expense
$2,294Additional noninterest expense
$561Pre-tax net operating income
$128Securities gains (losses)
$194Applicable income taxes
$495Income before extraordinary items
$0Extraordinary gains - net
$495Net income attributable to bank
$0Net charge-offs
$495Cash dividends
$136Sale, conversion, retirement of capital stock, net
$99Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.60%Yield on earning assets
1.11%Cost of funding earning assets
3.49%Net interest margin
0.21%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
0.19%Net operating income to assets
0.23%Return on assets (ROA)
0.32%Pretax return on assets
3.07%Return on equity (ROE)
2.45%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
345.59%Credit loss provision to net charge-offs
7.58%Efficiency ratio
86,126Assets per employee
5.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.00%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
34.02%Noncurrent assets plus other real estate owned to assets
3.23%Noncurrent loans to loans
4.65%Net loans and leases to deposits
68.11%Net loans and leases to core deposits
70.72%Equity capital to assets
7.74%Core capital (leverage) ratio
7.56%Tier 1 risk-based capital ratio
12.55%Total risk-based capital ratio
Memoranda
$14Average assets
$216,185Average earning assets
$16,150Average equity
$201,077Average loans

List of branches

4 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	35277	S-Bank	195 Washington Street, Weymouth, MA 2188	January 01, 1890	Full Service Brick and Mortar
1	35394	East Bridgewater Branch	6 Central Street, East Bridgewater, MA 2333	January 01, 1913	Full Service Brick and Mortar
2	358202	Quincy Branch	30 Franklin Street, Quincy, MA 2169	May 15, 2000	Full Service Brick and Mortar
3	505907	Hanover Branch	1165 Washington Street, Hanover, MA 2339	Febuary 11, 2010	Full Service Brick and Mortar

S-Bank in Weymouth, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

S-Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

S-Bank in Weymouth, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

S-Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

S-Bank in Weymouth, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches