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

Stoneham Savings Bank - Overview

  • General
  • FDIC Certificate #: 90286
    Status: Active
    Federal Reserve ID: 5005
    Date Established: March 28, 1855
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 8422
    FDIC's unique #: 17876
    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: November 08, 1985
    Last Structure Change Effective Date: Febuary 01, 2012
    Last Structure Change Process Date: Febuary 03, 2012
    Last Data Update: Febuary 03, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 359 Main Street, Stoneham, MA 2180
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North 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: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Change in Entity Type
  • Financial Summary
  • Total assets: $330.8 mil
    Equity capital: $15.6 mil
    Deposits held in domestic offices: $257.7 mil
    Return on assets (ROA): -1.70% (-$5.6 mil)
    Quarterly return on assets: -5.41% (-$17.9 mil)
    Return on Equity (ROE): -29.14% (-$4.7 mil)
    Quarterly return on equity: -101.46% (-$16.2 mil)
    Net income: -$6.0 mil
    Quarterly Net income: -$4.5 mil
    Pretax return on assets: -1.79% (-$5,921.9 mil)
    Quarterly Pretax return on assets: -5.41% (-$17,897.9 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
  • 96Total employees (full-time equivalent)
  • $330,830Total assets
  • $29,047Cash and due from depository institutions
  • $25,938Interest-bearing balances
  • $71,974Securities
  • $1,202Federal funds sold & reverse repurchase agreements
  • $200,341Net loans & leases
  • $1,593Loan loss allowance
  • $0Trading account assets
  • $6,589Bank premises and fixed assets
  • $2,649Other real estate owned
  • $3,207Goodwill and other intangibles
  • $330,830Life insurance assets
  • $15,821All other assets
  • $315,215Total liabilities and capital
  • $257,680Total liabilities
  • $225,384Total deposits
  • $257,680Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $52,948Trading liabilities
  • $0Other borrowed funds
  • $4,587Subordinated debt
  • $15,615All other liabilities
  • $15,615Total equity capital
  • $15,615Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $19,921Surplus
  • $-4,306Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $13,081Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,329Income earned, not collected on loans
  • $0Earning assets
  • $1,067Long-term assets (5+ years)
  • $299,455Average Assets, year-to-date
  • $142,701Average Assets, quarterly
  • $353,393Volatile liabilities
  • $333,712Insider loans
  • $189,752FHLB advances
  • $326,288Loans and leases held for sale
  • $7,914Unused loan commitments
  • $7,914Tier 1 (core) risk-based capital
  • $8,798Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,307Restructured Loans and leases
  • $212Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,779Total interest income
  • $4,716Total interest expense
  • $10,063Net interest income
  • $3,486Provision for loan and lease losses
  • $1,385Total noninterest income
  • $0Fiduciary activities
  • $291Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,094Additional noninterest income
  • $14,712Total noninterest expense
  • $6,984Salaries and employee benefits
  • $1,931Premises and equipment expense
  • $5,797Additional noninterest expense
  • -$6,750Pre-tax net operating income
  • $416Securities gains (losses)
  • -$342Applicable income taxes
  • -$5,992Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,992Net income attributable to bank
  • $0Net charge-offs
  • -$5,992Cash dividends
  • $3,721Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 3.19%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 4.66%Noninterest expense to earning assets
  • -1.81%Net operating income to assets
  • -1.70%Return on assets (ROA)
  • -1.79%Pretax return on assets
  • -29.14%Return on equity (ROE)
  • -29.14%Retained earnings to average equity (YTD only)
  • 1.68%Net charge-offs to loans
  • 93.68%Credit loss provision to net charge-offs
  • -0.88%Efficiency ratio
  • 127,385Assets per employee
  • 3.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 29.89%Noncurrent assets plus other real estate owned to assets
  • 2.41%Noncurrent loans to loans
  • 2.64%Net loans and leases to deposits
  • 77.75%Net loans and leases to core deposits
  • 81.72%Equity capital to assets
  • 4.72%Core capital (leverage) ratio
  • 2.70%Tier 1 risk-based capital ratio
  • 4.64%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $353,393Average earning assets
  • $20,562Average equity
  • $315,617Average loans

List of branches

  • 6 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017876Stoneham Savings Bank359 Main Street, Stoneham, MA 2180March 28, 1855Full Service Brick and Mortar
    1291498Stoneham Branch88 Main Street, Stoneham, MA 2180April 01, 1976Full Service Brick and Mortar
    3291500North Andover Branch601 Chickering Road, North Andover, MA 1845December 15, 1997Full Service Brick and Mortar
    4334361Burlington Branch36 Cambridge Street, Burlington, MA 1803May 10, 2000Full Service Brick and Mortar
    5359606Main Street Branch2171 Main Street, Tewksbury, MA 1876March 23, 2001Full Service Brick and Mortar
    6428640Malden Branch443 Charles Street, Malden, MA 2148June 03, 2004Full Service Brick and Mortar

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