Spencer Savings Bank in Spencer, Massachusetts (MA)



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Spencer Savings Bank routing number info

Table of contents:
Spencer Savings Bank
GeneralFDIC Certificate #: 90282
Status: Active
Federal Reserve ID: 447100
Bank Holding Company (Regulatory Top Holder): Spencer Mhc (RSSDID: 3547010, Location: Spencer, MA)
Date Established: April 05, 1871
WWW: http://www.spencersavingsbank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 7953
FDIC's unique #: 17872
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: July 08, 1985
Last Structure Change Effective Date: March 03, 2008
Last Structure Change Process Date: March 03, 2008
Last Data Update: March 03, 2008
Data Source Date: April 05, 2012
LocationAddress: 176 Main Street, Spencer, MA 1562
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 ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $375.2 mil
Equity capital: $49.3 mil
Deposits held in domestic offices: $295.7 mil
Return on assets (ROA): 0.33% ($1.2 mil)
Quarterly return on assets: 0.24% ($0.9 mil)
Return on Equity (ROE): 2.62% ($1.3 mil)
Quarterly return on equity: 1.82% ($0.9 mil)
Net income: $1.3 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.39% ($1,463.4 mil)
Quarterly Pretax return on assets: 0.32% ($1,200.7 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)
Total employees (full-time equivalent)88
Total assets$375,219
Cash and due from depository institutions$27,480
Interest-bearing balances$21,464
Securities$48,121
Federal funds sold & reverse repurchase agreements$54
Net loans & leases$274,583
Loan loss allowance $2,372
Trading account assets$0
Bank premises and fixed assets$3,897
Other real estate owned$932
Goodwill and other intangibles$0
All other assets$20,152
Life insurance assets$375,219
Total liabilities and capital$325,944
Total liabilities$295,694
Total deposits$285,848
Interest-bearing deposits$295,694
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$26,000
Other borrowed funds $0
Subordinated debt $4,250
All other liabilities $49,275
Total equity capital$49,275
Total bank equity capital$49,275
Perpetual preferred stock$0
Common stock$0
Surplus$49,008
Undivided profits $267
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $10,855
Income earned, not collected on loans $4,644
Earning assets $81
Long-term assets (5+ years) $1,300
Average Assets, year-to-date $344,222
Average Assets, quarterly $135,162
Volatile liabilities $381,510
Insider loans $374,532
FHLB advances $242,213
Loans and leases held for sale $370,257
Unused loan commitments $10,454
Tier 1 (core) risk-based capital $10,454
Tier 2 risk-based capital $49,008
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,096
Derivatives$1,643
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,946
Total interest expense $3,191
Net interest income $12,755
Provision for loan and lease losses $1,845
Total noninterest income $2,643
Fiduciary activities $0
Service charges on deposit accounts $860
Trading account gains & fees $0
Additional noninterest income $1,783
Total noninterest expense $12,060
Salaries and employee benefits $6,618
Premises and equipment expense $986
Additional noninterest expense $4,456
Pre-tax net operating income $1,493
Securities gains (losses) -$11
Applicable income taxes $210
Income before extraordinary items $1,272
Extraordinary gains - net $0
Net income attributable to bank $1,272
Net charge-offs $0
Cash dividends $1,272
Sale, conversion, retirement of capital stock, net $2,115
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.56%
Cost of funding earning assets 0.91%
Net interest margin 3.65%
Noninterest income to earning assets 0.76%
Noninterest expense to earning assets 3.45%
Net operating income to assets 0.34%
Return on assets (ROA) 0.33%
Pretax return on assets 0.39%
Return on equity (ROE) 2.62%
Retained earnings to average equity (YTD only) 2.62%
Net charge-offs to loans 0.80%
Credit loss provision to net charge-offs 87.23%
Efficiency ratio1.58%
Assets per employee$78,322
Cash dividends to net income (YTD only)4.26%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.86%
Noncurrent assets plus other real estate owned to assets 51.08%
Noncurrent loans to loans 1.49%
Net loans and leases to deposits1.68%
Net loans and leases to core deposits 92.86%
Equity capital to assets 100.23%
Core capital (leverage) ratio 13.13%
Tier 1 risk-based capital ratio 13.24%
Total risk-based capital ratio 20.23%
Memoranda
Average assets$21
Average earning assets$381,510
Average equity $48,571
Average loans $349,438
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5 Massachusetts Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
017872Spencer Savings Bank176 Main Street, Spencer, MA 1562April 05, 1871Full Service Brick and Mortar
117884Warren Branch968 Main St., Warren, MA 1083January 01, 1882Full Service Brick and Mortar
2291473Fair Plaza BranchFair Shopping Center, Route 9, Spencer, MA 1562March 06, 1982Full Service Brick and Mortar
3291474Rutland Branch93 Main St., Rutland, MA 1543Febuary 19, 1985Full Service Brick and Mortar
4357321Leiceister Branch121 South Main Street, Rochdale, MA 1542November 13, 1999Full Service Brick and Mortar
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