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

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
  • NoIDNameAddressEstablishedService TypeMap
    035277S-Bank195 Washington Street, Weymouth, MA 2188January 01, 1890Full Service Brick and Mortar
    135394East Bridgewater Branch6 Central Street, East Bridgewater, MA 2333January 01, 1913Full Service Brick and Mortar
    2358202Quincy Branch30 Franklin Street, Quincy, MA 2169May 15, 2000Full Service Brick and Mortar
    3505907Hanover Branch1165 Washington Street, Hanover, MA 2339Febuary 11, 2010Full Service Brick and Mortar

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