Saco & Biddeford Savings Institution in Saco, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

Saco & Biddeford Savings Institution - Overview

  • General
  • FDIC Certificate #: 17743
    Status: Active
    Federal Reserve ID: 339607
    Date Established: Febuary 21, 1827
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 10992
    FDIC's unique #: 11699
    Numeric code: 42
    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: April 04, 1957
    Last Structure Change Effective Date: Febuary 26, 2009
    Last Structure Change Process Date: March 09, 2009
    Last Data Update: March 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 252 Main Street, Saco, ME 4072
    County: York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
    Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
    CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
  • Financial Summary
  • Total assets: $759.8 mil
    Equity capital: $71.1 mil
    Deposits held in domestic offices: $521.1 mil
    Return on assets (ROA): 0.54% ($4.1 mil)
    Quarterly return on assets: 0.64% ($4.9 mil)
    Return on Equity (ROE): 5.74% ($4.1 mil)
    Quarterly return on equity: 6.69% ($4.7 mil)
    Net income: $4.1 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.75% ($5,698.9 mil)
    Quarterly Pretax return on assets: 0.88% ($6,686.7 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
  • 169Total employees (full-time equivalent)
  • $759,848Total assets
  • $17,781Cash and due from depository institutions
  • $11,452Interest-bearing balances
  • $101,798Securities
  • $1,108Federal funds sold & reverse repurchase agreements
  • $595,337Net loans & leases
  • $4,449Loan loss allowance
  • $0Trading account assets
  • $16,117Bank premises and fixed assets
  • $2,474Other real estate owned
  • $0Goodwill and other intangibles
  • $759,848Life insurance assets
  • $25,233All other assets
  • $688,743Total liabilities and capital
  • $521,116Total liabilities
  • $479,283Total deposits
  • $521,116Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 5863.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $154,430Trading liabilities
  • $0Other borrowed funds
  • $7,334Subordinated debt
  • $71,105All other liabilities
  • $71,105Total equity capital
  • $71,105Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $9,000Surplus
  • $62,105Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $494Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,949Income earned, not collected on loans
  • $513Earning assets
  • $2,143Long-term assets (5+ years)
  • $709,695Average Assets, year-to-date
  • $434,963Average Assets, quarterly
  • $754,668Volatile liabilities
  • $756,612Insider loans
  • $468,011FHLB advances
  • $753,176Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $74,157Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $36,200Restructured Loans and leases
  • $562Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $34,791Total interest income
  • $12,574Total interest expense
  • $22,217Net interest income
  • $1,808Provision for loan and lease losses
  • $1,750Total noninterest income
  • $0Fiduciary activities
  • $470Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,280Additional noninterest income
  • $17,664Total noninterest expense
  • $10,894Salaries and employee benefits
  • $2,340Premises and equipment expense
  • $4,430Additional noninterest expense
  • $4,495Pre-tax net operating income
  • $1,155Securities gains (losses)
  • $1,560Applicable income taxes
  • $4,090Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,090Net income attributable to bank
  • $0Net charge-offs
  • $4,090Cash dividends
  • $1,044Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.51%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 5.74%Return on equity (ROE)
  • 5.74%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 173.18%Credit loss provision to net charge-offs
  • 6.04%Efficiency ratio
  • 73,701Assets per employee
  • 4.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.74%Loss allowance to noncurrent loans
  • 37.23%Noncurrent assets plus other real estate owned to assets
  • 1.90%Noncurrent loans to loans
  • 1.99%Net loans and leases to deposits
  • 114.24%Net loans and leases to core deposits
  • 126.44%Equity capital to assets
  • 9.36%Core capital (leverage) ratio
  • 9.85%Tier 1 risk-based capital ratio
  • 15.85%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $754,668Average earning assets
  • $71,196Average equity
  • $704,111Average loans

List of branches

  • 6 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011699Saco & Biddeford Savings Institution252 Main Street, Saco, ME 4072Febuary 21, 1827Full Service Brick and Mortar
    1242663Old Orchard Beach Branch2 Portland Avenue, Old Orchard Beach, ME 4064November 26, 1951Full Service Brick and Mortar
    2242664Scarborough Branch41 Gorham Road, Scarborough, ME 4074March 06, 1995Full Service Brick and Mortar
    3242665South Portland Branch601 Broadway, South Portland, ME 4106March 06, 2000Full Service Brick and Mortar
    4456674Biddeford BranchBiddeford Crossing Shopping Center, Biddeford, ME 4005November 20, 2006Full Service Brick and Mortar
    5486612Westbrook BranchHannaford Drive, Westbrook, ME 4092January 20, 2009Full Service Brick and Mortar

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