Scituate Federal Savings Bank in Scituate, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Scituate Federal Savings Bank in Scituate, Massachusetts (MA)
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Scituate Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30424
    Status: Active
    Federal Reserve ID: 453370
    Date Established: January 01, 1928
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 5316
    FDIC's unique #: 43258
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: March 07, 1955
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 72 Front Street, Scituate, MA 2066
    County: Plymouth
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $261.5 mil
    Equity capital: $21.4 mil
    Deposits held in domestic offices: $218.7 mil
    Return on assets (ROA): 0.55% ($1.4 mil)
    Quarterly return on assets: 0.79% ($2.1 mil)
    Return on Equity (ROE): 7.03% ($1.5 mil)
    Quarterly return on equity: 9.69% ($2.0 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.75% ($1,960.9 mil)
    Quarterly Pretax return on assets: 1.22% ($3,189.7 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
  • 47Total employees (full-time equivalent)
  • $261,452Total assets
  • $13,230Cash and due from depository institutions
  • $11,356Interest-bearing balances
  • $63,975Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $164,881Net loans & leases
  • $1,722Loan loss allowance
  • $0Trading account assets
  • $5,215Bank premises and fixed assets
  • $2,919Other real estate owned
  • $161Goodwill and other intangibles
  • $261,452Life insurance assets
  • $11,071All other assets
  • $240,014Total liabilities and capital
  • $218,693Total liabilities
  • $207,362Total deposits
  • $218,693Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,000Trading liabilities
  • $0Other borrowed funds
  • $2,321Subordinated debt
  • $21,438All other liabilities
  • $21,438Total equity capital
  • $21,438Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $21,438Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,776Income earned, not collected on loans
  • $0Earning assets
  • $910Long-term assets (5+ years)
  • $240,212Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $262,304Volatile liabilities
  • $261,253Insider loans
  • $136,993FHLB advances
  • $261,452Loans and leases held for sale
  • $3,706Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,438Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,315Restructured Loans and leases
  • $1,334Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,236Total interest income
  • $2,953Total interest expense
  • $8,283Net interest income
  • $251Provision for loan and lease losses
  • $1,069Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,069Additional noninterest income
  • $7,123Total noninterest expense
  • $3,989Salaries and employee benefits
  • $1,610Premises and equipment expense
  • $1,524Additional noninterest expense
  • $1,978Pre-tax net operating income
  • $0Securities gains (losses)
  • $529Applicable income taxes
  • $1,449Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,449Net income attributable to bank
  • $0Net charge-offs
  • $1,449Cash dividends
  • $690Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.43%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 7.03%Return on equity (ROE)
  • 7.03%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 36.38%Credit loss provision to net charge-offs
  • 3.23%Efficiency ratio
  • 76,166Assets per employee
  • 5.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 96.96%Noncurrent assets plus other real estate owned to assets
  • 1.80%Noncurrent loans to loans
  • 1.07%Net loans and leases to deposits
  • 75.39%Net loans and leases to core deposits
  • 79.11%Equity capital to assets
  • 8.20%Core capital (leverage) ratio
  • 8.20%Tier 1 risk-based capital ratio
  • 15.65%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $262,304Average earning assets
  • $20,618Average equity
  • $241,761Average loans

List of branches

  • 5 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043258Scituate Federal Savings Bank72 Front Street, Scituate, MA 2066January 01, 1928Full Service Brick and Mortar
    1280372Marshfield Branch560 Plain Street, Maarshfield, MA 2050June 30, 1996Full Service Brick and Mortar
    2450668Green Harbor Branch259 Dyke Road, Marshfield, MA 2050July 01, 2000Full Service Brick and Mortar
    3450672Norwell Branch1 River Street, Norwell, MA 2061June 01, 2000Full Service Brick and Mortar
    4495983Hingham BranchOne Derby Street, Hingham, MA 2043July 29, 2006Full Service Brick and Mortar

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