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


Winchester Savings Bank - Overview

  • 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)

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
  • 92Total employees (full-time equivalent)
  • $532,552Total assets
  • $49,442Cash and due from depository institutions
  • $43,764Interest-bearing balances
  • $146,810Securities
  • $12,053Federal funds sold & reverse repurchase agreements
  • $307,637Net loans & leases
  • $3,718Loan loss allowance
  • $0Trading account assets
  • $6,775Bank premises and fixed assets
  • $154Other real estate owned
  • $51Goodwill and other intangibles
  • $532,552Life insurance assets
  • $9,630All other assets
  • $475,824Total liabilities and capital
  • $439,797Total liabilities
  • $417,988Total deposits
  • $439,797Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $32,500Trading liabilities
  • $0Other borrowed funds
  • $3,527Subordinated debt
  • $56,728All other liabilities
  • $56,728Total equity capital
  • $56,728Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $55,027Surplus
  • $1,701Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,298Income earned, not collected on loans
  • $0Earning assets
  • $1,543Long-term assets (5+ years)
  • $510,264Average Assets, year-to-date
  • $170,222Average Assets, quarterly
  • $533,547Volatile liabilities
  • $534,858Insider loans
  • $276,999FHLB advances
  • $526,711Loans and leases held for sale
  • $571Unused loan commitments
  • $571Tier 1 (core) risk-based capital
  • $56,967Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $50,639Restructured Loans and leases
  • $1,707Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,170Total interest income
  • $5,502Total interest expense
  • $13,668Net interest income
  • $50Provision for loan and lease losses
  • $611Total noninterest income
  • $0Fiduciary activities
  • $250Service charges on deposit accounts
  • $0Trading account gains & fees
  • $361Additional noninterest income
  • $11,440Total noninterest expense
  • $7,489Salaries and employee benefits
  • $1,254Premises and equipment expense
  • $2,697Additional noninterest expense
  • $2,789Pre-tax net operating income
  • $115Securities gains (losses)
  • $959Applicable income taxes
  • $1,945Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,945Net income attributable to bank
  • $0Net charge-offs
  • $1,945Cash dividends
  • $107Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.76%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 2.68%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 2.24%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 3.52%Return on equity (ROE)
  • 3.52%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 46.73%Credit loss provision to net charge-offs
  • 26.53%Efficiency ratio
  • 80,118Assets per employee
  • 5.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 112.73%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 1.06%Net loans and leases to deposits
  • 69.95%Net loans and leases to core deposits
  • 73.67%Equity capital to assets
  • 10.65%Core capital (leverage) ratio
  • 10.82%Tier 1 risk-based capital ratio
  • 20.57%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $533,547Average earning assets
  • $55,266Average equity
  • $509,592Average loans

List of branches

  • 4 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017897Winchester Savings Bank661 Main Street, Winchester, MA 1890July 01, 1871Full Service Brick and Mortar
    2291568Woburn Branch344 Cambridge Road, Woburn, MA 1801March 04, 1980Full Service Brick and Mortar
    5362298Hammond Square Branch573 Main Street, Woburn, MA 1801October 22, 2001Full Service Brick and Mortar
    6487513Arlington Branch188 Medford Street, Arlington, MA 2474Febuary 17, 2009Full Service Brick and Mortar

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