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


Wellesley Bank - Overview

  • General
  • FDIC Certificate #: 26605
    Status: Active
    Federal Reserve ID: 278078
    Date Established: January 01, 1911
    WWW: http://www.wellesleybank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12405
    FDIC's unique #: 35326
    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: March 27, 1986
    Last Structure Change Effective Date: January 25, 2012
    Last Structure Change Process Date: January 31, 2012
    Last Data Update: January 31, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 40 Central Street, Wellesley, MA 2482
    County: Norfolk
    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: Boston-Quincy, MA (#14484)
  • History of Changes
  • Change in Entity Type
  • Financial Summary
  • Total assets: $303.2 mil
    Equity capital: $22.7 mil
    Deposits held in domestic offices: $264.9 mil
    Return on assets (ROA): 0.73% ($2.2 mil)
    Quarterly return on assets: 0.72% ($2.2 mil)
    Return on Equity (ROE): 9.32% ($2.1 mil)
    Quarterly return on equity: 9.27% ($2.1 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.15% ($3,486.3 mil)
    Quarterly Pretax return on assets: 1.14% ($3,456.0 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
  • 32Total employees (full-time equivalent)
  • $303,159Total assets
  • $33,624Cash and due from depository institutions
  • $32,892Interest-bearing balances
  • $36,089Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $221,888Net loans & leases
  • $3,395Loan loss allowance
  • $0Trading account assets
  • $1,168Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $303,159Life insurance assets
  • $10,390All other assets
  • $280,427Total liabilities and capital
  • $264,923Total liabilities
  • $217,072Total deposits
  • $264,923Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 7059.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,500Trading liabilities
  • $0Other borrowed funds
  • $945Subordinated debt
  • $22,732All other liabilities
  • $22,732Total equity capital
  • $22,732Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $17,992Surplus
  • $4,740Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,841Income earned, not collected on loans
  • $0Earning assets
  • $911Long-term assets (5+ years)
  • $290,869Average Assets, year-to-date
  • $56,912Average Assets, quarterly
  • $274,191Volatile liabilities
  • $288,762Insider loans
  • $207,458FHLB advances
  • $283,124Loans and leases held for sale
  • $4,208Unused loan commitments
  • $4,208Tier 1 (core) risk-based capital
  • $22,104Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $40,918Restructured Loans and leases
  • $4,012Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,991Total interest income
  • $2,709Total interest expense
  • $10,282Net interest income
  • $900Provision for loan and lease losses
  • $516Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • $474Additional noninterest income
  • $6,770Total noninterest expense
  • $4,240Salaries and employee benefits
  • $855Premises and equipment expense
  • $1,675Additional noninterest expense
  • $3,128Pre-tax net operating income
  • $18Securities gains (losses)
  • $1,140Applicable income taxes
  • $2,006Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,006Net income attributable to bank
  • $0Net charge-offs
  • $2,006Cash dividends
  • $195Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 9.32%Return on equity (ROE)
  • 9.32%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 461.54%Credit loss provision to net charge-offs
  • 20.66%Efficiency ratio
  • 62,697Assets per employee
  • 9.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 49.63%Noncurrent assets plus other real estate owned to assets
  • 2.26%Noncurrent loans to loans
  • 3.04%Net loans and leases to deposits
  • 83.76%Net loans and leases to core deposits
  • 97.40%Equity capital to assets
  • 7.50%Core capital (leverage) ratio
  • 7.81%Tier 1 risk-based capital ratio
  • 10.65%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $274,191Average earning assets
  • $21,518Average equity
  • $262,749Average loans

List of branches

  • 2 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035326Wellesley Bank40 Central Street, Wellesley, MA 2482January 01, 1911Full Service Brick and Mortar
    1364343Linden Street Branch195-197 Linden Street, Wellesley, MA 2482May 28, 2002Full Service Brick and Mortar

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