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


  • Williamstown Savings Bank in Williamstown, Massachusetts (MA)
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Williamstown Savings Bank - Overview

  • General
  • FDIC Certificate #: 23299
    Status: Active
    Federal Reserve ID: 774105
    Bank Holding Company (Regulatory Top Holder): Mountainone Financial Partners, Mhc (RSSDID: 2634212, Location: North Adams, MA)
    Date Established: April 06, 1892
    WWW: http://www.williamstownsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 12136
    FDIC's unique #: 16332
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 02, 1981
    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: 795 Main Street, Williamstown, MA 1267
    County: Berkshire
    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
    Core Based Statistical Area (CBSA): Pittsfield, MA (#38340)
    CBSA Metro Statistical Area: Pittsfield, MA (#38340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $219.1 mil
    Equity capital: $15.6 mil
    Deposits held in domestic offices: $150.1 mil
    Return on assets (ROA): -0.93% (-$2.0 mil)
    Quarterly return on assets: -3.77% (-$8.3 mil)
    Return on Equity (ROE): -12.31% (-$2.0 mil)
    Quarterly return on equity: -50.23% (-$8.0 mil)
    Net income: -$2.1 mil
    Quarterly Net income: -$2.1 mil
    Pretax return on assets: -1.71% (-$3,747.4 mil)
    Quarterly Pretax return on assets: -6.74% (-$14,770.6 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
  • 28Total employees (full-time equivalent)
  • $219,149Total assets
  • $10,310Cash and due from depository institutions
  • $9,273Interest-bearing balances
  • $58,337Securities
  • $19,504Federal funds sold & reverse repurchase agreements
  • $112,562Net loans & leases
  • $1,279Loan loss allowance
  • $0Trading account assets
  • $2,059Bank premises and fixed assets
  • $700Other real estate owned
  • $344Goodwill and other intangibles
  • $219,149Life insurance assets
  • $15,333All other assets
  • $203,599Total liabilities and capital
  • $150,089Total liabilities
  • $134,298Total deposits
  • $150,089Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 991.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $44,851Trading liabilities
  • $2,000Other borrowed funds
  • $5,668Subordinated debt
  • $15,550All other liabilities
  • $15,550Total equity capital
  • $15,550Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $0Surplus
  • $15,050Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,412Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,884Income earned, not collected on loans
  • $0Earning assets
  • $599Long-term assets (5+ years)
  • $199,676Average Assets, year-to-date
  • $88,876Average Assets, quarterly
  • $224,739Volatile liabilities
  • $218,634Insider loans
  • $152,707FHLB advances
  • $212,535Loans and leases held for sale
  • $2,677Unused loan commitments
  • $2,677Tier 1 (core) risk-based capital
  • $12,431Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,179Restructured Loans and leases
  • $2,253Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,285Total interest income
  • $2,952Total interest expense
  • $4,333Net interest income
  • $2,836Provision for loan and lease losses
  • $763Total noninterest income
  • $0Fiduciary activities
  • $174Service charges on deposit accounts
  • $0Trading account gains & fees
  • $589Additional noninterest income
  • $5,160Total noninterest expense
  • $1,697Salaries and employee benefits
  • $409Premises and equipment expense
  • $3,054Additional noninterest expense
  • -$2,900Pre-tax net operating income
  • -$946Securities gains (losses)
  • -$1,763Applicable income taxes
  • -$2,083Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,083Net income attributable to bank
  • $0Net charge-offs
  • -$2,083Cash dividends
  • $2,761Sale, conversion, retirement of capital stock, net
  • $48Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.52%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 2.10%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 2.50%Noninterest expense to earning assets
  • -0.66%Net operating income to assets
  • -0.93%Return on assets (ROA)
  • -1.71%Pretax return on assets
  • -12.31%Return on equity (ROE)
  • -12.59%Retained earnings to average equity (YTD only)
  • 2.37%Net charge-offs to loans
  • 102.72%Credit loss provision to net charge-offs
  • -0.02%Efficiency ratio
  • 101,256Assets per employee
  • 7.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -2.30%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 32.93%Noncurrent assets plus other real estate owned to assets
  • 2.29%Noncurrent loans to loans
  • 3.41%Net loans and leases to deposits
  • 75.00%Net loans and leases to core deposits
  • 76.31%Equity capital to assets
  • 7.10%Core capital (leverage) ratio
  • 5.85%Tier 1 risk-based capital ratio
  • 8.14%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $224,739Average earning assets
  • $16,922Average equity
  • $206,785Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016332Williamstown Savings Bank795 Main Street, Williamstown, MA 1267April 06, 1892Full Service Brick and Mortar

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