Sanford Institution for Savings in Sanford, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sanford Institution for Savings - Overview

  • General
  • FDIC Certificate #: 17115
    Status: Active
    Federal Reserve ID: 111205
    Bank Holding Company (Regulatory Top Holder): Sis Bancorp, Mhc (RSSDID: 3815054, Location: Sanford, ME)
    Date Established: November 01, 1933
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 7706
    FDIC's unique #: 11158
    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: May 27, 1952
    Last Structure Change Effective Date: January 30, 2009
    Last Structure Change Process Date: January 06, 2010
    Last Data Update: January 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 900 Main Street, Sanford, ME 4073
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Change in Entity Type
  • Financial Summary
  • Total assets: $433.1 mil
    Equity capital: $42.3 mil
    Deposits held in domestic offices: $320.0 mil
    Return on assets (ROA): 0.65% ($2.8 mil)
    Quarterly return on assets: 0.40% ($1.7 mil)
    Return on Equity (ROE): 6.62% ($2.8 mil)
    Quarterly return on equity: 4.08% ($1.7 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.93% ($4,027.9 mil)
    Quarterly Pretax return on assets: 0.49% ($2,122.2 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
  • 111Total employees (full-time equivalent)
  • $433,106Total assets
  • $18,557Cash and due from depository institutions
  • $16,346Interest-bearing balances
  • $46,426Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $333,522Net loans & leases
  • $3,730Loan loss allowance
  • $0Trading account assets
  • $10,334Bank premises and fixed assets
  • $50Other real estate owned
  • $536Goodwill and other intangibles
  • $433,105Life insurance assets
  • $23,681All other assets
  • $390,844Total liabilities and capital
  • $319,991Total liabilities
  • $295,480Total deposits
  • $319,991Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 2716.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $60,658Trading liabilities
  • $0Other borrowed funds
  • $7,479Subordinated debt
  • $42,261All other liabilities
  • $42,261Total equity capital
  • $42,261Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $42,261Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $20,776Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,293Income earned, not collected on loans
  • $124Earning assets
  • $1,718Long-term assets (5+ years)
  • $396,294Average Assets, year-to-date
  • $222,082Average Assets, quarterly
  • $428,782Volatile liabilities
  • $433,953Insider loans
  • $347,482FHLB advances
  • $437,641Loans and leases held for sale
  • $9,894Unused loan commitments
  • $3,180Tier 1 (core) risk-based capital
  • $44,383Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,714Total unused commitments
  • $63,260Restructured Loans and leases
  • $1,933Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,512Total interest income
  • $5,333Total interest expense
  • $14,179Net interest income
  • $529Provision for loan and lease losses
  • $2,893Total noninterest income
  • $0Fiduciary activities
  • $910Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,983Additional noninterest income
  • $13,650Total noninterest expense
  • $8,002Salaries and employee benefits
  • $1,044Premises and equipment expense
  • $4,604Additional noninterest expense
  • $2,893Pre-tax net operating income
  • $1,113Securities gains (losses)
  • $1,213Applicable income taxes
  • $2,793Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,793Net income attributable to bank
  • $0Net charge-offs
  • $2,793Cash dividends
  • $1,067Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 3.61%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 3.48%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 6.62%Return on equity (ROE)
  • 6.62%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 49.58%Credit loss provision to net charge-offs
  • 3.21%Efficiency ratio
  • 79,955Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 113.27%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 0.98%Net loans and leases to deposits
  • 104.23%Net loans and leases to core deposits
  • 113.01%Equity capital to assets
  • 9.76%Core capital (leverage) ratio
  • 10.14%Tier 1 risk-based capital ratio
  • 12.77%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $428,782Average earning assets
  • $42,180Average equity
  • $392,639Average loans

List of branches

  • 8 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011158Sanford Institution For Savings900 Main Street, Sanford, ME 4073November 01, 1933Full Service Brick and Mortar
    1240586Springvale Branch484 Main Street, Springvale, ME 4083October 20, 1980Full Service Brick and Mortar
    3240588Sanford Branch1449 Main Street, Sanford, ME 4073August 14, 1995Full Service Brick and Mortar
    4224440Limerick Branch31 Main Street, Limerick, ME 4048December 11, 1933Full Service Brick and Mortar
    5224449Buxton Branch254 Long Plains Road, Buxton, ME 4093December 11, 1933Full Service Brick and Mortar
    6358960York Branch408 U.S. Route 1, York, ME 3909October 04, 2000Full Service Retail
    7359867Waterboro BranchShop 'n' Save Store, Route 202 And 5, Waterboro, ME 4087October 04, 2000Full Service Retail
    8433486Wells Branch1149 Post Road, Wells, ME 4090December 08, 2004Full Service Brick and Mortar

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