Springfield Institution for Savings in Springfield, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1999

  • Springfield Institution for Savings in Springfield, Massachusetts (MA)
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Springfield Institution for Savings - Overview

  • General
  • FDIC Certificate #: 23297
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Family Bank, National Association (#90209)
    Federal Reserve ID: 636007
    Date Established: June 16, 1827
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 26 (Interstate: No)
    OTS Docket #: 6845
    FDIC's unique #: 16330
    Numeric code: 41
    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: January 02, 1981
    Last Structure Change Effective Date: January 01, 1999
    Last Structure Change Process Date: May 07, 1999
    Last Data Update: May 07, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1441 Main Street, Springfield, MA 1101
    County: Hampden
    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): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • Financial Summary
  • Total assets: $1,647.1 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 476Total employees (full-time equivalent)
  • $1,647,102Total assets
  • $42,190Cash and due from depository institutions
  • $0Interest-bearing balances
  • $828,065Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $719,719Net loans & leases
  • $19,524Loan loss allowance
  • $0Trading account assets
  • $29,085Bank premises and fixed assets
  • $285Other real estate owned
  • $815Goodwill and other intangibles
  • $0Life insurance assets
  • $26,943All other assets
  • $1,647,102Total liabilities and capital
  • $1,533,742Total liabilities
  • $1,167,526Total deposits
  • $986,789Interest-bearing deposits
  • $1,167,526Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $150,677Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $192,208Other borrowed funds
  • $0Subordinated debt
  • $23,331All other liabilities
  • $113,360Total equity capital
  • $113,360Total bank equity capital
  • $113,360Perpetual preferred stock
  • $0Common stock
  • $5,723Surplus
  • $37,335Undivided profits
  • Memoranda
  • $70,302Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,728Earning assets
  • $234Long-term assets (5+ years)
  • $4,154Average Assets, year-to-date
  • $1,547,784Average Assets, quarterly
  • $331,089Volatile liabilities
  • $1,554,371Insider loans
  • $1,622,973FHLB advances
  • $239,622Loans and leases held for sale
  • $676Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,298Total risk weighted assets
  • $288,602Total unused commitments
  • $0Restructured Loans and leases
  • $1,029,230Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $105,279Total interest income
  • $53,619Total interest expense
  • $51,660Net interest income
  • $504Provision for loan and lease losses
  • $15,966Total noninterest income
  • $0Fiduciary activities
  • $7,706Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,260Additional noninterest income
  • $46,833Total noninterest expense
  • $24,497Salaries and employee benefits
  • $6,527Premises and equipment expense
  • $15,809Additional noninterest expense
  • $20,289Pre-tax net operating income
  • $86Securities gains (losses)
  • $9,611Applicable income taxes
  • $10,764Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,764Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$463Sale, conversion, retirement of capital stock, net
  • $3,817Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.22%Yield on earning assets
  • 3.68%Cost of funding earning assets
  • 3.54%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 3.21%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 9.72%Return on equity (ROE)
  • 6.27%Retained earnings to average equity (YTD only)
  • -0.06%Net charge-offs to loans
  • -108.86%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,897Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.46%Loss allowance to loans
  • 2.64%Loss allowance to noncurrent loans
  • 1129.86%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.23%Net loans and leases to deposits
  • 61.64%Net loans and leases to core deposits
  • 66.73%Equity capital to assets
  • 6.88%Core capital (leverage) ratio
  • 7.01%Tier 1 risk-based capital ratio
  • 11.14%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,554,371Average earning assets
  • $110,746Average equity
  • $1,457,733Average loans

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