The Lowell Five Cent Savings Bank in Lowell, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Lowell Five Cent Savings Bank in Lowell, Massachusetts (MA)
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The Lowell Five Cent Savings Bank - Overview

  • General
  • FDIC Certificate #: 90227
    Status: Active
    Federal Reserve ID: 923707
    Bank Holding Company (Regulatory Top Holder): Lowell Five Bancorp Mhc (RSSDID: 4268349, Location: Lowell, MA)
    Date Established: April 12, 1854
    WWW: http://www.lowellfive.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    FDIC's unique #: 17817
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 1985
    Last Structure Change Effective Date: September 01, 2011
    Last Structure Change Process Date: September 19, 2011
    Last Data Update: September 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 34 John Street, Lowell, MA 1852
    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): Lowell, MA-NH (#4560)
    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: $738.4 mil
    Equity capital: $106.3 mil
    Deposits held in domestic offices: $601.2 mil
    Return on assets (ROA): 0.55% ($4.1 mil)
    Quarterly return on assets: 0.59% ($4.4 mil)
    Return on Equity (ROE): 3.89% ($4.1 mil)
    Quarterly return on equity: 4.11% ($4.4 mil)
    Net income: $4.0 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.81% ($5,980.6 mil)
    Quarterly Pretax return on assets: 0.80% ($5,906.8 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
  • 179Total employees (full-time equivalent)
  • $738,351Total assets
  • $28,570Cash and due from depository institutions
  • $22,487Interest-bearing balances
  • $234,392Securities
  • $410Federal funds sold & reverse repurchase agreements
  • $418,090Net loans & leases
  • $3,476Loan loss allowance
  • $0Trading account assets
  • $18,998Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $738,351Life insurance assets
  • $37,891All other assets
  • $632,021Total liabilities and capital
  • $601,244Total liabilities
  • $581,550Total deposits
  • $601,244Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $5,777Subordinated debt
  • $106,330All other liabilities
  • $106,330Total equity capital
  • $106,330Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $103,121Surplus
  • $3,208Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,841Income earned, not collected on loans
  • $0Earning assets
  • $2,252Long-term assets (5+ years)
  • $675,379Average Assets, year-to-date
  • $362,928Average Assets, quarterly
  • $724,285Volatile liabilities
  • $735,220Insider loans
  • $459,398FHLB advances
  • $730,705Loans and leases held for sale
  • $28,779Unused loan commitments
  • $17,837Tier 1 (core) risk-based capital
  • $103,122Tier 2 risk-based capital
  • $6,707Total risk weighted assets
  • $4,235Total unused commitments
  • $47,684Restructured Loans and leases
  • $1,282Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,158Total interest income
  • $5,026Total interest expense
  • $22,132Net interest income
  • $750Provision for loan and lease losses
  • $5,221Total noninterest income
  • $0Fiduciary activities
  • $2,484Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,737Additional noninterest income
  • $21,847Total noninterest expense
  • $13,287Salaries and employee benefits
  • $2,984Premises and equipment expense
  • $5,576Additional noninterest expense
  • $4,756Pre-tax net operating income
  • $1,094Securities gains (losses)
  • $1,845Applicable income taxes
  • $4,005Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,005Net income attributable to bank
  • $0Net charge-offs
  • $4,005Cash dividends
  • $1,660Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.16%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 3.89%Return on equity (ROE)
  • 3.89%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 45.18%Credit loss provision to net charge-offs
  • 3.32%Efficiency ratio
  • 79,871Assets per employee
  • 4.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 59.51%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 1.39%Net loans and leases to deposits
  • 69.54%Net loans and leases to core deposits
  • 74.21%Equity capital to assets
  • 14.40%Core capital (leverage) ratio
  • 14.11%Tier 1 risk-based capital ratio
  • 22.45%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $724,285Average earning assets
  • $103,019Average equity
  • $652,215Average loans

List of branches

  • 13 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017817The Lowell Five Cent Savings Bank34 John Street, Lowell, MA 1852April 12, 1854Full Service Brick and Mortar
    1291264Billerica Branch700 Boston Road, Billerica, MA 1821November 05, 1956Full Service Brick and Mortar
    2291265Chelmsford Branch23 Fletcher Street, Chelmsford, MA 1824July 27, 1955Full Service Brick and Mortar
    3291266North Chelmsford Branch20 Groton Road, North Chelmsford, MA 1863September 05, 1958Full Service Brick and Mortar
    5291268Tewksbury Branch1775 Main Street, Tewksbury, MA 1876August 15, 1959Full Service Brick and Mortar
    6291269Dracut Branch2021 Lakeview Avenue, Dracut, MA 1826September 06, 1974Full Service Brick and Mortar
    7291270Wilmington Branch270 Main Street, Wilmington, MA 1887August 01, 1978Full Service Brick and Mortar
    8291271Wood Street Branch13 Wood Street, Lowell, MA 1851September 01, 1978Full Service Brick and Mortar
    9291272Westford Branch499 Groton Road, Westford, MA 1886Febuary 01, 1988Full Service Brick and Mortar
    10291273Vocational Technical School BranchRoute 113 Pawtucket Boulevard, Tyngsboro, MA 1879May 01, 1990Limited Service Mobile
    11366328Pepperell Branch65 Groton Street, Pepperell, MA 1463January 13, 2003Full Service Brick and Mortar
    12442253Stadium Plaza Branch10 Main Street, Tewksbury, MA 1876December 01, 2004Full Service Brick and Mortar
    14481911Haverhill Branch750 Main Street, Haverhill, MA 1830September 12, 2008Full Service Brick and Mortar

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