Saugusbank, a Co-operative bank in Saugus, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Saugusbank, a Co-operative bank in Saugus, Massachusetts (MA)
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Saugusbank, a Co-operative bank - Overview

  • General
  • FDIC Certificate #: 26574
    Status: Active
    Federal Reserve ID: 158974
    Date Established: January 01, 1911
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 8076
    FDIC's unique #: 35275
    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: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 27, 1986
    Last Structure Change Effective Date: March 30, 2007
    Last Structure Change Process Date: March 30, 2007
    Last Data Update: March 30, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 489 Lincoln Avenue, Saugus, MA 1906
    County: Essex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North 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: Peabody, MA (#37764)
  • Financial Summary
  • Total assets: $207.8 mil
    Equity capital: $16.5 mil
    Deposits held in domestic offices: $169.8 mil
    Return on assets (ROA): 0.37% ($0.8 mil)
    Quarterly return on assets: 0.42% ($0.9 mil)
    Return on Equity (ROE): 4.58% ($0.7 mil)
    Quarterly return on equity: 5.24% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.51% ($1,060.0 mil)
    Quarterly Pretax return on assets: 0.58% ($1,205.5 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)
  • $207,841Total assets
  • $25,072Cash and due from depository institutions
  • $22,964Interest-bearing balances
  • $48,752Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $119,134Net loans & leases
  • $2,005Loan loss allowance
  • $0Trading account assets
  • $3,512Bank premises and fixed assets
  • $1,068Other real estate owned
  • $0Goodwill and other intangibles
  • $207,841Life insurance assets
  • $10,303All other assets
  • $191,347Total liabilities and capital
  • $169,765Total liabilities
  • $155,315Total deposits
  • $169,765Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,300Trading liabilities
  • $0Other borrowed funds
  • $2,282Subordinated debt
  • $16,494All other liabilities
  • $16,494Total equity capital
  • $16,494Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $16,540Surplus
  • $-46Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,039Income earned, not collected on loans
  • $0Earning assets
  • $693Long-term assets (5+ years)
  • $190,850Average Assets, year-to-date
  • $46,635Average Assets, quarterly
  • $201,861Volatile liabilities
  • $206,949Insider loans
  • $128,334FHLB advances
  • $207,010Loans and leases held for sale
  • $4,187Unused loan commitments
  • $4,187Tier 1 (core) risk-based capital
  • $15,926Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,602Restructured Loans and leases
  • $624Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,406Total interest income
  • $2,552Total interest expense
  • $5,854Net interest income
  • $241Provision for loan and lease losses
  • $806Total noninterest income
  • $0Fiduciary activities
  • $322Service charges on deposit accounts
  • $0Trading account gains & fees
  • $484Additional noninterest income
  • $5,398Total noninterest expense
  • $2,950Salaries and employee benefits
  • $943Premises and equipment expense
  • $1,505Additional noninterest expense
  • $1,021Pre-tax net operating income
  • $14Securities gains (losses)
  • $292Applicable income taxes
  • $743Income before extraordinary items
  • $0Extraordinary gains - net
  • $743Net income attributable to bank
  • $0Net charge-offs
  • $743Cash dividends
  • $287Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 3.18%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.51%Pretax return on assets
  • 4.58%Return on equity (ROE)
  • 4.58%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 83.97%Credit loss provision to net charge-offs
  • 4.40%Efficiency ratio
  • 81,051Assets per employee
  • 5.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 98.33%Noncurrent assets plus other real estate owned to assets
  • 1.49%Noncurrent loans to loans
  • 1.68%Net loans and leases to deposits
  • 70.18%Net loans and leases to core deposits
  • 72.82%Equity capital to assets
  • 7.94%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 12.41%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $201,861Average earning assets
  • $16,207Average equity
  • $184,271Average loans

List of branches

  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035275Saugusbank, A Co-Operative Bank489 Lincoln Avenue, Saugus, MA 1906January 01, 1911Full Service Brick and Mortar
    2259720Saugus BranchOne Hamilton Street, Saugus, MA 1906May 15, 1988Full Service Brick and Mortar
    3456675Lynn Fells Parkway Branch412 Lynn Fells Parkway, Saugus, MA 1906November 06, 2006Full Service Brick and Mortar

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