Wells River Savings Bank in Wells River, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Wells River Savings Bank in Wells River, Vermont (VT)
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Wells River Savings Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 60Total employees (full-time equivalent)
  • $154,659Total assets
  • $7,997Cash and due from depository institutions
  • $5,459Interest-bearing balances
  • $32,428Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $101,762Net loans & leases
  • $918Loan loss allowance
  • $0Trading account assets
  • $5,382Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $154,659Life insurance assets
  • $7,090All other assets
  • $137,295Total liabilities and capital
  • $135,474Total liabilities
  • $115,925Total deposits
  • $135,474Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $500Trading liabilities
  • $0Other borrowed funds
  • $1,321Subordinated debt
  • $17,364All other liabilities
  • $17,364Total equity capital
  • $17,364Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $1,358Surplus
  • $16,006Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,794Income earned, not collected on loans
  • $205Earning assets
  • $569Long-term assets (5+ years)
  • $139,649Average Assets, year-to-date
  • $69,457Average Assets, quarterly
  • $156,593Volatile liabilities
  • $158,518Insider loans
  • $93,947FHLB advances
  • $158,538Loans and leases held for sale
  • $2,259Unused loan commitments
  • $2,259Tier 1 (core) risk-based capital
  • $17,309Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,363Restructured Loans and leases
  • $795Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,560Total interest income
  • $1,368Total interest expense
  • $6,192Net interest income
  • $480Provision for loan and lease losses
  • $992Total noninterest income
  • $0Fiduciary activities
  • $422Service charges on deposit accounts
  • $0Trading account gains & fees
  • $570Additional noninterest income
  • $6,143Total noninterest expense
  • $3,319Salaries and employee benefits
  • $865Premises and equipment expense
  • $1,959Additional noninterest expense
  • $561Pre-tax net operating income
  • $20Securities gains (losses)
  • $77Applicable income taxes
  • $504Income before extraordinary items
  • $0Extraordinary gains - net
  • $504Net income attributable to bank
  • $0Net charge-offs
  • $504Cash dividends
  • $472Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.40%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 4.39%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 2.94%Return on equity (ROE)
  • 2.94%Retained earnings to average equity (YTD only)
  • 0.45%Net charge-offs to loans
  • 101.69%Credit loss provision to net charge-offs
  • 2.21%Efficiency ratio
  • 85,509Assets per employee
  • 2.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 51.17%Noncurrent assets plus other real estate owned to assets
  • 1.16%Noncurrent loans to loans
  • 1.75%Net loans and leases to deposits
  • 75.12%Net loans and leases to core deposits
  • 80.24%Equity capital to assets
  • 11.23%Core capital (leverage) ratio
  • 10.92%Tier 1 risk-based capital ratio
  • 18.42%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $156,593Average earning assets
  • $17,162Average equity
  • $140,046Average loans

List of branches

  • 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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