Winchester Savings Bank in Winchester, Massachusetts (MA)
| Winchester Savings Bank | |
|---|---|
| General | FDIC Certificate #: 90308 Status: Active Federal Reserve ID: 899008 Date Established: July 01, 1871 WWW: http://www.winchestersavings.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) OTS Docket #: 7682 FDIC's unique #: 17897 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 14, 1986 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: 661 Main Street, Winchester, MA 1890 County: Middlesex Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: North 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: Cambridge-Newton-Framingham, MA (#15764) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $532.6 mil Equity capital: $56.7 mil Deposits held in domestic offices: $439.8 mil Return on assets (ROA): 0.36% ($1.9 mil) Quarterly return on assets: 0.36% ($1.9 mil) Return on Equity (ROE): 3.52% ($2.0 mil) Quarterly return on equity: 3.37% ($1.9 mil) Net income: $1.9 mil Quarterly Net income: $0.5 mil Pretax return on assets: 0.54% ($2,875.8 mil) Quarterly Pretax return on assets: 0.55% ($2,929.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 92 |
| Total assets | $532,552 |
| Cash and due from depository institutions | $49,442 |
| Interest-bearing balances | $43,764 |
| Securities | $146,810 |
| Federal funds sold & reverse repurchase agreements | $12,053 |
| Net loans & leases | $307,637 |
| Loan loss allowance | $3,718 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,775 |
| Other real estate owned | $154 |
| Goodwill and other intangibles | $51 |
| All other assets | $9,630 |
| Life insurance assets | $532,552 |
| Total liabilities and capital | $475,824 |
| Total liabilities | $439,797 |
| Total deposits | $417,988 |
| Interest-bearing deposits | $439,797 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $32,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,527 |
| All other liabilities | $56,728 |
| Total equity capital | $56,728 |
| Total bank equity capital | $56,728 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $55,027 |
| Undivided profits | $1,701 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,298 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,543 |
| Average Assets, year-to-date | $510,264 |
| Average Assets, quarterly | $170,222 |
| Volatile liabilities | $533,547 |
| Insider loans | $534,858 |
| FHLB advances | $276,999 |
| Loans and leases held for sale | $526,711 |
| Unused loan commitments | $571 |
| Tier 1 (core) risk-based capital | $571 |
| Tier 2 risk-based capital | $56,967 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $50,639 |
| Derivatives | $1,707 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $19,170 |
| Total interest expense | $5,502 |
| Net interest income | $13,668 |
| Provision for loan and lease losses | $50 |
| Total noninterest income | $611 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $250 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $361 |
| Total noninterest expense | $11,440 |
| Salaries and employee benefits | $7,489 |
| Premises and equipment expense | $1,254 |
| Additional noninterest expense | $2,697 |
| Pre-tax net operating income | $2,789 |
| Securities gains (losses) | $115 |
| Applicable income taxes | $959 |
| Income before extraordinary items | $1,945 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,945 |
| Net charge-offs | $0 |
| Cash dividends | $1,945 |
| Sale, conversion, retirement of capital stock, net | $107 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.76% |
| Cost of funding earning assets | 1.08% |
| Net interest margin | 2.68% |
| Noninterest income to earning assets | 0.12% |
| Noninterest expense to earning assets | 2.24% |
| Net operating income to assets | 0.35% |
| Return on assets (ROA) | 0.36% |
| Pretax return on assets | 0.54% |
| Return on equity (ROE) | 3.52% |
| Retained earnings to average equity (YTD only) | 3.52% |
| Net charge-offs to loans | 0.03% |
| Credit loss provision to net charge-offs | 46.73% |
| Efficiency ratio | 26.53% |
| Assets per employee | $80,118 |
| Cash dividends to net income (YTD only) | 5.79% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.19% |
| Noncurrent assets plus other real estate owned to assets | 112.73% |
| Noncurrent loans to loans | 0.65% |
| Net loans and leases to deposits | 1.06% |
| Net loans and leases to core deposits | 69.95% |
| Equity capital to assets | 73.67% |
| Core capital (leverage) ratio | 10.65% |
| Tier 1 risk-based capital ratio | 10.82% |
| Total risk-based capital ratio | 20.57% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $533,547 |
| Average equity | $55,266 |
| Average loans | $509,592 |
| 4 Massachusetts Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 17897 | Winchester Savings Bank | 661 Main Street, Winchester, MA 1890 | July 01, 1871 | Full Service Brick and Mortar |  |
| 2 | 291568 | Woburn Branch | 344 Cambridge Road, Woburn, MA 1801 | March 04, 1980 | Full Service Brick and Mortar |  |
| 5 | 362298 | Hammond Square Branch | 573 Main Street, Woburn, MA 1801 | October 22, 2001 | Full Service Brick and Mortar | |
| 6 | 487513 | Arlington Branch | 188 Medford Street, Arlington, MA 2474 | Febuary 17, 2009 | Full Service Brick and Mortar | |
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