Wells River Savings Bank in city_name, state_name - Detailed Financial Reports, Location

Wells River Savings Bank in Wells River, Vermont (VT)
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Wells River Savings Bank routing number info

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

No	ID	Name	Address	Established	Service Type
0	8829	Wells River Savings Bank	34 Main Street, Wells River, VT 5081	January 01, 1892	Full Service Brick and Mortar
1	231021	Bradford Branch	Main Street, Bradford, VT 5033	April 18, 1988	Full Service Brick and Mortar
2	231022	West Side Branch	47 Main Street North, Wells River, VT 5081	March 01, 1993	Full Service Brick and Mortar
3	357589	Fairlee Branch	540 Route 5 N., Fairlee, VT 5045	July 01, 1999	Full Service Brick and Mortar
4	467434	Newbury Branch	4976 Main Street South, Newbury, VT 5051	December 05, 2006	Full Service Brick and Mortar
5	479129	East Thetford Branch	3088 Route 5, East Thetford, VT 5043	Febuary 25, 2008	Full Service Brick and Mortar

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

Wells River Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Wells River Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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