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

Southbridge Savings Bank - Overview

  • General
  • FDIC Certificate #: 23524
    Status: Active
    Federal Reserve ID: 627407
    Bank Holding Company (Regulatory Top Holder): Green Valley Bancorp, Mhc (RSSDID: 3723216, Location: Southbridge, MA)
    Date Established: April 20, 1848
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 14520
    FDIC's unique #: 16477
    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: September 08, 1981
    Last Structure Change Effective Date: October 07, 2008
    Last Structure Change Process Date: October 14, 2008
    Last Data Update: October 14, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 253 Main Street # 257, 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)
  • History of Changes
  • Corrections
    Change in Location
    Change in Entity Type
  • Financial Summary
  • Total assets: $419.3 mil
    Equity capital: $41.3 mil
    Deposits held in domestic offices: $329.4 mil
    Return on assets (ROA): 0.51% ($2.1 mil)
    Quarterly return on assets: 0.50% ($2.1 mil)
    Return on Equity (ROE): 5.39% ($2.2 mil)
    Quarterly return on equity: 5.23% ($2.1 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.66% ($2,767.7 mil)
    Quarterly Pretax return on assets: 0.62% ($2,599.9 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)
  • $419,344Total assets
  • $10,653Cash and due from depository institutions
  • $1,355Interest-bearing balances
  • $24,008Securities
  • $13,920Federal funds sold & reverse repurchase agreements
  • $335,489Net loans & leases
  • $3,359Loan loss allowance
  • $0Trading account assets
  • $9,872Bank premises and fixed assets
  • $1,538Other real estate owned
  • $0Goodwill and other intangibles
  • $419,344Life insurance assets
  • $23,864All other assets
  • $378,008Total liabilities and capital
  • $329,416Total liabilities
  • $299,207Total deposits
  • $329,416Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $44,214Trading liabilities
  • $0Other borrowed funds
  • $4,378Subordinated debt
  • $41,336All other liabilities
  • $41,336Total equity capital
  • $41,336Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $41,336Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,942Income earned, not collected on loans
  • $0Earning assets
  • $1,219Long-term assets (5+ years)
  • $374,772Average Assets, year-to-date
  • $164,613Average Assets, quarterly
  • $418,486Volatile liabilities
  • $422,821Insider loans
  • $284,942FHLB advances
  • $417,967Loans and leases held for sale
  • $11,608Unused loan commitments
  • $11,608Tier 1 (core) risk-based capital
  • $40,720Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $40,108Restructured Loans and leases
  • $2,316Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,680Total interest income
  • $4,195Total interest expense
  • $15,485Net interest income
  • $1,605Provision for loan and lease losses
  • $4,140Total noninterest income
  • $0Fiduciary activities
  • $2,709Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,431Additional noninterest income
  • $15,502Total noninterest expense
  • $7,159Salaries and employee benefits
  • $1,952Premises and equipment expense
  • $6,391Additional noninterest expense
  • $2,518Pre-tax net operating income
  • $254Securities gains (losses)
  • $623Applicable income taxes
  • $2,149Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,149Net income attributable to bank
  • $0Net charge-offs
  • $2,149Cash dividends
  • $1,004Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 4.13%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 4.14%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 5.39%Return on equity (ROE)
  • 5.39%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 159.86%Credit loss provision to net charge-offs
  • 4.11%Efficiency ratio
  • 78,991Assets per employee
  • 3.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 67.97%Noncurrent assets plus other real estate owned to assets
  • 1.55%Noncurrent loans to loans
  • 1.46%Net loans and leases to deposits
  • 101.84%Net loans and leases to core deposits
  • 106.10%Equity capital to assets
  • 9.86%Core capital (leverage) ratio
  • 9.74%Tier 1 risk-based capital ratio
  • 14.29%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $418,486Average earning assets
  • $39,893Average equity
  • $374,605Average loans

List of branches

  • 9 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016477Southbridge Savings Bank253 Main Street # 257, Southbridge, MA 1550April 20, 1848Full Service Brick and Mortar
    1291460Sturbridge Branch200 Charlton Road, Sturbridge, MA 1566October 18, 1972Full Service Brick and Mortar
    2291461Charlton Branch63 Main Street, Charlton, MA 1507Febuary 23, 1976Full Service Brick and Mortar
    3256415Southbridge Plaza Branch495 East Main Street, Southbridge, MA 1550June 01, 1987Full Service Retail
    4256416Spencer Big Y Branch70 West Main Street, Spencer, MA 1562June 01, 1996Full Service Retail
    5256417West Boylston Street Branch70 West Boylston Street, Worcester, MA 1606July 22, 1998Full Service Brick and Mortar
    6256418Webster Branch86 Worcester Road, Webster, MA 1570October 16, 1998Full Service Brick and Mortar
    10419162Holden Branch1073 Main Street, Holden, MA 1520June 04, 2003Full Service Brick and Mortar
    13469975North Oxford Branch64 Leicester Street, North Oxford, MA 1537December 17, 2007Full Service Brick and Mortar

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