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

Weymouth Bank - Overview

  • General
  • FDIC Certificate #: 26591
    Status: Active
    Federal Reserve ID: 115575
    Bank Holding Company (Regulatory Top Holder): Wessagussett Mutual Holding Company (RSSDID: 3398315, Location: Weymouth, MA)
    Date Established: January 01, 1889
    WWW: http://www.weymouthbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 8348
    FDIC's unique #: 35296
    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: Commercial Lending Specialization
    Date of Deposit Insurance: March 11, 1986
    Last Structure Change Effective Date: October 31, 2006
    Last Structure Change Process Date: October 31, 2006
    Last Data Update: October 31, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 744 Broad Street, East Weymouth, MA 2189
    County: Norfolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South 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)
  • Financial Summary
  • Total assets: $207.4 mil
    Equity capital: $16.4 mil
    Deposits held in domestic offices: $185.0 mil
    Return on assets (ROA): 0.35% ($0.7 mil)
    Quarterly return on assets: 0.15% ($0.3 mil)
    Return on Equity (ROE): 4.34% ($0.7 mil)
    Quarterly return on equity: 1.88% ($0.3 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.52% ($1,078.4 mil)
    Quarterly Pretax return on assets: 0.01% ($20.7 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
  • 37Total employees (full-time equivalent)
  • $207,393Total assets
  • $18,651Cash and due from depository institutions
  • $15,404Interest-bearing balances
  • $47,189Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $130,740Net loans & leases
  • $1,349Loan loss allowance
  • $0Trading account assets
  • $4,091Bank premises and fixed assets
  • $400Other real estate owned
  • $65Goodwill and other intangibles
  • $207,393Life insurance assets
  • $6,257All other assets
  • $191,005Total liabilities and capital
  • $184,993Total liabilities
  • $168,788Total deposits
  • $184,993Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 90.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,500Trading liabilities
  • $0Other borrowed funds
  • $422Subordinated debt
  • $16,388All other liabilities
  • $16,388Total equity capital
  • $16,388Total bank equity capital
  • $0Perpetual preferred stock
  • $125Common stock
  • $15,394Surplus
  • $869Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,639Income earned, not collected on loans
  • $0Earning assets
  • $605Long-term assets (5+ years)
  • $193,333Average Assets, year-to-date
  • $68,890Average Assets, quarterly
  • $200,911Volatile liabilities
  • $204,545Insider loans
  • $119,013FHLB advances
  • $200,729Loans and leases held for sale
  • $2,922Unused loan commitments
  • $2,922Tier 1 (core) risk-based capital
  • $16,217Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,772Restructured Loans and leases
  • $1,940Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,139Total interest income
  • $1,805Total interest expense
  • $6,334Net interest income
  • $660Provision for loan and lease losses
  • $797Total noninterest income
  • $0Fiduciary activities
  • $303Service charges on deposit accounts
  • $0Trading account gains & fees
  • $494Additional noninterest income
  • $5,436Total noninterest expense
  • $2,982Salaries and employee benefits
  • $691Premises and equipment expense
  • $1,763Additional noninterest expense
  • $1,035Pre-tax net operating income
  • $0Securities gains (losses)
  • $337Applicable income taxes
  • $698Income before extraordinary items
  • $0Extraordinary gains - net
  • $698Net income attributable to bank
  • $0Net charge-offs
  • $698Cash dividends
  • $669Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.36%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 4.34%Return on equity (ROE)
  • 4.34%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 98.65%Credit loss provision to net charge-offs
  • 2.53%Efficiency ratio
  • 76,231Assets per employee
  • 5.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 51.12%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 2.00%Net loans and leases to deposits
  • 70.67%Net loans and leases to core deposits
  • 78.64%Equity capital to assets
  • 7.90%Core capital (leverage) ratio
  • 8.08%Tier 1 risk-based capital ratio
  • 13.63%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $200,911Average earning assets
  • $16,089Average equity
  • $188,247Average loans

List of branches

  • 4 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035296Weymouth Bank744 Broad Street, East Weymouth, MA 2189January 01, 1889Full Service Brick and Mortar
    4259731Drive-Up Branch741 Broad Street, East Weymouth, MA 2189August 30, 1993Limited Service Facility
    5259732South Weymouth Branch51 Columbian Street, South Weymouth, MA 2190August 30, 1993Full Service Brick and Mortar
    6419000Kingston Branch83 Summer Street, Kingston, MA 2364August 12, 2002Full Service Brick and Mortar

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