Webster Five Cents Savings Bank in Webster, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Webster Five Cents Savings Bank - Overview

  • General
  • FDIC Certificate #: 90297
    Status: Active
    Federal Reserve ID: 765505
    Bank Holding Company (Regulatory Top Holder): Webfive Mhc (RSSDID: 3803033, Location: Webster, MA)
    Date Established: March 15, 1868
    WWW: http://www.web5.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 11895
    FDIC's unique #: 17886
    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: August 02, 1985
    Last Structure Change Effective Date: March 01, 2009
    Last Structure Change Process Date: May 20, 2009
    Last Data Update: May 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 136 Thompson Road, Webster, MA 1570
    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
  • Change in Entity Type
  • Financial Summary
  • Total assets: $558.9 mil
    Equity capital: $68.7 mil
    Deposits held in domestic offices: $465.4 mil
    Return on assets (ROA): 0.61% ($3.4 mil)
    Quarterly return on assets: 0.82% ($4.6 mil)
    Return on Equity (ROE): 5.02% ($3.5 mil)
    Quarterly return on equity: 6.76% ($4.7 mil)
    Net income: $3.4 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.55% ($3,073.8 mil)
    Quarterly Pretax return on assets: 0.92% ($5,141.6 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
  • 136Total employees (full-time equivalent)
  • $558,872Total assets
  • $14,684Cash and due from depository institutions
  • $5,295Interest-bearing balances
  • $172,272Securities
  • $133Federal funds sold & reverse repurchase agreements
  • $331,290Net loans & leases
  • $3,969Loan loss allowance
  • $0Trading account assets
  • $11,642Bank premises and fixed assets
  • $797Other real estate owned
  • $0Goodwill and other intangibles
  • $558,872Life insurance assets
  • $28,054All other assets
  • $490,208Total liabilities and capital
  • $465,415Total liabilities
  • $395,983Total deposits
  • $465,415Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,500Trading liabilities
  • $0Other borrowed funds
  • $8,293Subordinated debt
  • $68,664All other liabilities
  • $68,664Total equity capital
  • $68,664Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $0Surplus
  • $68,654Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $394Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,989Income earned, not collected on loans
  • $68Earning assets
  • $1,997Long-term assets (5+ years)
  • $508,990Average Assets, year-to-date
  • $198,873Average Assets, quarterly
  • $556,618Volatile liabilities
  • $561,188Insider loans
  • $381,325FHLB advances
  • $557,591Loans and leases held for sale
  • $11,036Unused loan commitments
  • $11,036Tier 1 (core) risk-based capital
  • $65,175Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $57,003Restructured Loans and leases
  • $505Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,438Total interest income
  • $4,340Total interest expense
  • $21,098Net interest income
  • $3,937Provision for loan and lease losses
  • $5,030Total noninterest income
  • $0Fiduciary activities
  • $1,864Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,166Additional noninterest income
  • $19,768Total noninterest expense
  • $10,968Salaries and employee benefits
  • $2,256Premises and equipment expense
  • $6,544Additional noninterest expense
  • $2,423Pre-tax net operating income
  • $650Securities gains (losses)
  • -$306Applicable income taxes
  • $3,379Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,379Net income attributable to bank
  • $0Net charge-offs
  • $3,379Cash dividends
  • $4,428Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 5.02%Return on equity (ROE)
  • 5.02%Retained earnings to average equity (YTD only)
  • 1.26%Net charge-offs to loans
  • 88.91%Credit loss provision to net charge-offs
  • 1.44%Efficiency ratio
  • 75,658Assets per employee
  • 4.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 39.73%Noncurrent assets plus other real estate owned to assets
  • 1.93%Noncurrent loans to loans
  • 2.98%Net loans and leases to deposits
  • 71.18%Net loans and leases to core deposits
  • 80.92%Equity capital to assets
  • 12.29%Core capital (leverage) ratio
  • 11.69%Tier 1 risk-based capital ratio
  • 17.09%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $556,618Average earning assets
  • $67,278Average equity
  • $508,721Average loans

List of branches

  • 8 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017886Webster Five Cents Savings Bank136 Thompson Road, Webster, MA 1570March 15, 1868Full Service Brick and Mortar
    1291529Oxford Branch343 Main Street, Oxford, MA 1540November 29, 1961Full Service Brick and Mortar
    2291530Dudley Branch208 West Main Street, Dudley, MA 1571May 07, 1973Full Service Brick and Mortar
    4291532Auburn Branch400 Southbridge Street, Auburn, MA 1501October 31, 1994Full Service Brick and Mortar
    5291533Worcester Branch266 Chandler Street, Worcester, MA 1602April 15, 1996Full Service Brick and Mortar
    6357488Grafton Street Branch349 Grafton Street, Worcester, MA 1604August 07, 2000Full Service Brick and Mortar
    7359032Commercial Street Branch200 Commercial Street, Worcester, MA 1608January 04, 2000Full Service Brick and Mortar
    8451217Shrewsbury Branch261 Grafton Street, Shrewsbury, MA 1545Febuary 14, 2006Full Service Brick and Mortar

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