South Weymouth Savings Bank in South Weymouth, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1997

  • South Weymouth Savings Bank in South Weymouth, Massachusetts (MA)
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South Weymouth Savings Bank - Overview

  • General
  • FDIC Certificate #: 90280
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: South Shore Savings Bank (#90303)
    Federal Reserve ID: 148201
    Date Established: March 06, 1868
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 7977
    FDIC's unique #: 17870
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 23, 1985
    Last Structure Change Effective Date: October 01, 1997
    Last Structure Change Process Date: October 02, 1997
    Last Data Update: October 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 88 Pleasant Street, South Weymouth, MA 2190
    County: Norfolk
    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
    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)
  • Financial Summary
  • Total assets: $286.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $78Total assets
  • $285,001Cash and due from depository institutions
  • $6,521Interest-bearing balances
  • $514Securities
  • $76,304Federal funds sold & reverse repurchase agreements
  • $5,953Net loans & leases
  • $187,243Loan loss allowance
  • $1,594Trading account assets
  • $0Bank premises and fixed assets
  • $1,453Other real estate owned
  • $146Goodwill and other intangibles
  • $7,381Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $285,001Total liabilities
  • $257,173Total deposits
  • $253,968Interest-bearing deposits
  • $244,332Deposits held in domestic offices
  • 253968.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,247Subordinated debt
  • $0All other liabilities
  • $1,958Total equity capital
  • $1,958Total bank equity capital
  • $27,828Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $27,828Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,690Income earned, not collected on loans
  • $882Earning assets
  • $270,014Long-term assets (5+ years)
  • $55,157Average Assets, year-to-date
  • $276,534Average Assets, quarterly
  • $283,407Volatile liabilities
  • $29,692Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $18,976Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $26,777Total risk weighted assets
  • $151,533Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $19,430Total interest expense
  • $10,392Net interest income
  • $9,038Provision for loan and lease losses
  • $200Total noninterest income
  • $645Fiduciary activities
  • $0Service charges on deposit accounts
  • $449Trading account gains & fees
  • $0Additional noninterest income
  • $196Total noninterest expense
  • $6,336Salaries and employee benefits
  • $3,839Premises and equipment expense
  • $721Additional noninterest expense
  • $1,776Pre-tax net operating income
  • $3,147Securities gains (losses)
  • $844Applicable income taxes
  • $1,697Income before extraordinary items
  • $2,294Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,294Net charge-offs
  • $1Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.39%Cost of funding earning assets
  • 3.95%Net interest margin
  • 3.44%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 2.41%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 1.44%Return on equity (ROE)
  • 8.60%Retained earnings to average equity (YTD only)
  • 8.60%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 20000.00%Efficiency ratio
  • 65,434Assets per employee
  • 3.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.84%Loss allowance to noncurrent loans
  • 94.32%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 73.73%Net loans and leases to core deposits
  • 83.48%Equity capital to assets
  • 9.76%Core capital (leverage) ratio
  • 9.36%Tier 1 risk-based capital ratio
  • 17.67%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $276,534Average earning assets
  • $26,687Average equity
  • $262,803Average loans

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