Wells River Savings Bank in Wells River, Vermont (VT)



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Wells River Savings Bank routing number info

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Wells River Savings Bank
GeneralFDIC Certificate #: 14136
Status: Active
Federal Reserve ID: 303701
Date Established: January 01, 1892
WWW: http://www.wellsriversavings.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 12132
FDIC's unique #: 8829
Numeric code: 42
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: March 31, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 34 Main Street, Wells River, VT 5081
County: Orange
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
Combined Statistical Area (CSA): Claremont-Lebanon, NH-VT (#180)
Core Based Statistical Area (CBSA): Lebanon, NH-VT (#30100)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $154.7 mil
Equity capital: $17.4 mil
Deposits held in domestic offices: $135.5 mil
Return on assets (ROA): 0.32% ($0.5 mil)
Quarterly return on assets: 0.42% ($0.7 mil)
Return on Equity (ROE): 2.94% ($0.5 mil)
Quarterly return on equity: 3.88% ($0.7 mil)
Net income: $0.5 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.37% ($572.2 mil)
Quarterly Pretax return on assets: 0.43% ($665.0 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)
Total employees (full-time equivalent)60
Total assets$154,659
Cash and due from depository institutions$7,997
Interest-bearing balances$5,459
Securities$32,428
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$101,762
Loan loss allowance $918
Trading account assets$0
Bank premises and fixed assets$5,382
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$7,090
Life insurance assets$154,659
Total liabilities and capital$137,295
Total liabilities$135,474
Total deposits$115,925
Interest-bearing deposits$135,474
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$500
Other borrowed funds $0
Subordinated debt $1,321
All other liabilities $17,364
Total equity capital$17,364
Total bank equity capital$17,364
Perpetual preferred stock$0
Common stock$0
Surplus$1,358
Undivided profits $16,006
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,794
Earning assets $205
Long-term assets (5+ years) $569
Average Assets, year-to-date $139,649
Average Assets, quarterly $69,457
Volatile liabilities $156,593
Insider loans $158,518
FHLB advances $93,947
Loans and leases held for sale $158,538
Unused loan commitments $2,259
Tier 1 (core) risk-based capital $2,259
Tier 2 risk-based capital $17,309
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,363
Derivatives$795
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,560
Total interest expense $1,368
Net interest income $6,192
Provision for loan and lease losses $480
Total noninterest income $992
Fiduciary activities $0
Service charges on deposit accounts $422
Trading account gains & fees $0
Additional noninterest income $570
Total noninterest expense $6,143
Salaries and employee benefits $3,319
Premises and equipment expense $865
Additional noninterest expense $1,959
Pre-tax net operating income $561
Securities gains (losses) $20
Applicable income taxes $77
Income before extraordinary items $504
Extraordinary gains - net $0
Net income attributable to bank $504
Net charge-offs $0
Cash dividends $504
Sale, conversion, retirement of capital stock, net $472
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.40%
Cost of funding earning assets 0.98%
Net interest margin 4.42%
Noninterest income to earning assets 0.71%
Noninterest expense to earning assets 4.39%
Net operating income to assets 0.31%
Return on assets (ROA) 0.32%
Pretax return on assets 0.37%
Return on equity (ROE) 2.94%
Retained earnings to average equity (YTD only) 2.94%
Net charge-offs to loans 0.45%
Credit loss provision to net charge-offs 101.69%
Efficiency ratio2.21%
Assets per employee$85,509
Cash dividends to net income (YTD only)2.58%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.89%
Noncurrent assets plus other real estate owned to assets 51.17%
Noncurrent loans to loans 1.16%
Net loans and leases to deposits1.75%
Net loans and leases to core deposits 75.12%
Equity capital to assets 80.24%
Core capital (leverage) ratio 11.23%
Tier 1 risk-based capital ratio 10.92%
Total risk-based capital ratio 18.42%
Memoranda
Average assets$19
Average earning assets$156,593
Average equity $17,162
Average loans $140,046
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6 Vermont Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08829Wells River Savings Bank34 Main Street, Wells River, VT 5081January 01, 1892Full Service Brick and Mortar
1231021Bradford BranchMain Street, Bradford, VT 5033April 18, 1988Full Service Brick and Mortar
2231022West Side Branch47 Main Street North, Wells River, VT 5081March 01, 1993Full Service Brick and Mortar
3357589Fairlee Branch540 Route 5 N., Fairlee, VT 5045July 01, 1999Full Service Brick and Mortar
4467434Newbury Branch4976 Main Street South, Newbury, VT 5051December 05, 2006Full Service Brick and Mortar
5479129East Thetford Branch3088 Route 5, East Thetford, VT 5043Febuary 25, 2008Full Service Brick and Mortar
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