Savers Co-operative Bank in Southbridge, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Savers Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26455
    Status: Active
    Federal Reserve ID: 1002373
    Date Established: January 01, 1910
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 3996
    FDIC's unique #: 33103
    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: November 26, 1985
    Last Structure Change Effective Date: January 31, 2011
    Last Structure Change Process Date: August 19, 2011
    Last Data Update: August 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 270 Main Street, Southbridge, MA 1550
    County: Worcester
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Worcester, MA-CT (#9240)
    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): Worcester, MA (#49340)
    CBSA Metro Statistical Area: Worcester, MA (#49340)
  • Financial Summary
  • Total assets: $414.6 mil
    Equity capital: $44.1 mil
    Deposits held in domestic offices: $307.9 mil
    Return on assets (ROA): 0.50% ($2.1 mil)
    Quarterly return on assets: 0.45% ($1.9 mil)
    Return on Equity (ROE): 4.72% ($2.1 mil)
    Quarterly return on equity: 4.24% ($1.9 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.66% ($2,736.3 mil)
    Quarterly Pretax return on assets: 0.57% ($2,363.1 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
  • 92Total employees (full-time equivalent)
  • $414,587Total assets
  • $10,794Cash and due from depository institutions
  • $633Interest-bearing balances
  • $79,758Securities
  • $9,350Federal funds sold & reverse repurchase agreements
  • $285,846Net loans & leases
  • $2,375Loan loss allowance
  • $0Trading account assets
  • $11,824Bank premises and fixed assets
  • $187Other real estate owned
  • $106Goodwill and other intangibles
  • $414,587Life insurance assets
  • $16,722All other assets
  • $370,490Total liabilities and capital
  • $307,902Total liabilities
  • $280,051Total deposits
  • $307,902Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $59,650Trading liabilities
  • $0Other borrowed funds
  • $2,938Subordinated debt
  • $44,097All other liabilities
  • $44,097Total equity capital
  • $44,097Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $6,010Surplus
  • $38,087Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,091Income earned, not collected on loans
  • $0Earning assets
  • $1,099Long-term assets (5+ years)
  • $375,587Average Assets, year-to-date
  • $193,185Average Assets, quarterly
  • $407,795Volatile liabilities
  • $412,883Insider loans
  • $246,981FHLB advances
  • $408,505Loans and leases held for sale
  • $8,709Unused loan commitments
  • $2,927Tier 1 (core) risk-based capital
  • $44,139Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,782Total unused commitments
  • $31,781Restructured Loans and leases
  • $1,798Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,507Total interest income
  • $4,690Total interest expense
  • $11,817Net interest income
  • $333Provision for loan and lease losses
  • $2,482Total noninterest income
  • $0Fiduciary activities
  • $781Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,701Additional noninterest income
  • $11,284Total noninterest expense
  • $6,292Salaries and employee benefits
  • $1,388Premises and equipment expense
  • $3,604Additional noninterest expense
  • $2,682Pre-tax net operating income
  • $7Securities gains (losses)
  • $653Applicable income taxes
  • $2,036Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,036Net income attributable to bank
  • $0Net charge-offs
  • $2,036Cash dividends
  • $416Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 4.72%Return on equity (ROE)
  • 4.72%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 80.05%Credit loss provision to net charge-offs
  • 7.25%Efficiency ratio
  • 78,915Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 46.65%Noncurrent assets plus other real estate owned to assets
  • 1.27%Noncurrent loans to loans
  • 1.77%Net loans and leases to deposits
  • 92.84%Net loans and leases to core deposits
  • 97.32%Equity capital to assets
  • 10.64%Core capital (leverage) ratio
  • 10.81%Tier 1 risk-based capital ratio
  • 17.87%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $407,795Average earning assets
  • $43,118Average equity
  • $369,071Average loans

List of branches

  • 6 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033103Savers Co-Operative Bank270 Main Street, Southbridge, MA 1550January 01, 1910Full Service Brick and Mortar
    2259445Auburn Branch42 Auburn Street, Auburn, MA 1501May 01, 1958Full Service Brick and Mortar
    3259446Uxbridge Branch6 North Main Street, Uxbridge, MA 1569June 01, 1975Full Service Brick and Mortar
    4259447Grafton Branch96 Worcester Street, Grafton, MA 1519May 01, 1976Full Service Brick and Mortar
    5259448Charlton Branch90 Worcester Road, Charlton, MA 1507October 01, 1987Full Service Brick and Mortar
    7259450Sturbridge Branch55 Main Street, Sturbridge, MA 1566January 01, 1996Full Service Brick and Mortar

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