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


  • Williamstown Savings Bank in Williamstown, Massachusetts (MA)
  • Show street view No street view available for this location

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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Williamstown Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents