Winter Hill Bank, FSB in Somerville, Massachusetts (MA)
Table of contents:
| Winter Hill Bank, FSB | |
|---|---|
| General | FDIC Certificate #: 28213 Status: Active Federal Reserve ID: 822275 Date Established: January 01, 1906 WWW: http://www.winterhillbank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 4 (Domestic: 4, Interstate: No) OTS Docket #: 1149 FDIC's unique #: 41047 Numeric code: 34 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: June 11, 1937 Last Structure Change Effective Date: Febuary 16, 2012 Last Structure Change Process Date: Febuary 16, 2012 Last Data Update: Febuary 16, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 342 Broadway, Somerville, MA 2145 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) |
| Financial Summary | Total assets: $256.4 mil Equity capital: $25.9 mil Deposits held in domestic offices: $222.8 mil Return on assets (ROA): 0.13% ($0.3 mil) Quarterly return on assets: 0.32% ($0.8 mil) Return on Equity (ROE): 1.36% ($0.4 mil) Quarterly return on equity: 3.18% ($0.8 mil) Net income: $0.3 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.29% ($743.5 mil) Quarterly Pretax return on assets: 0.62% ($1,589.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 61 |
| Total assets | $256,368 |
| Cash and due from depository institutions | $34,202 |
| Interest-bearing balances | $24,064 |
| Securities | $44,953 |
| Federal funds sold & reverse repurchase agreements | $3,086 |
| Net loans & leases | $165,401 |
| Loan loss allowance | $2,242 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,412 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $420 |
| All other assets | $5,894 |
| Life insurance assets | $256,368 |
| Total liabilities and capital | $230,512 |
| Total liabilities | $222,803 |
| Total deposits | $211,364 |
| Interest-bearing deposits | $222,803 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $5,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,709 |
| All other liabilities | $25,856 |
| Total equity capital | $25,856 |
| Total bank equity capital | $25,856 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $0 |
| Undivided profits | $25,856 |
| 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 | $149 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $859 |
| Average Assets, year-to-date | $237,504 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $261,470 |
| Insider loans | $258,146 |
| FHLB advances | $148,513 |
| Loans and leases held for sale | $255,523 |
| Unused loan commitments | $387 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $25,018 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $16,620 |
| Derivatives | $7 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $10,725 |
| Total interest expense | $2,257 |
| Net interest income | $8,468 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $1,405 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $391 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,014 |
| Total noninterest expense | $8,877 |
| Salaries and employee benefits | $6,256 |
| Premises and equipment expense | $1,515 |
| Additional noninterest expense | $1,106 |
| Pre-tax net operating income | $996 |
| Securities gains (losses) | -$241 |
| Applicable income taxes | $410 |
| Income before extraordinary items | $345 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $345 |
| Net charge-offs | $0 |
| Cash dividends | $345 |
| Sale, conversion, retirement of capital stock, net | $208 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.45% |
| Cost of funding earning assets | 0.94% |
| Net interest margin | 3.52% |
| Noninterest income to earning assets | 0.58% |
| Noninterest expense to earning assets | 3.69% |
| Net operating income to assets | 0.19% |
| Return on assets (ROA) | 0.13% |
| Pretax return on assets | 0.29% |
| Return on equity (ROE) | 1.36% |
| Retained earnings to average equity (YTD only) | 1.36% |
| Net charge-offs to loans | 0.13% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 4.79% |
| Assets per employee | $89,912 |
| Cash dividends to net income (YTD only) | 4.20% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.34% |
| Noncurrent assets plus other real estate owned to assets | 1504.70% |
| Noncurrent loans to loans | 0.06% |
| Net loans and leases to deposits | 0.09% |
| Net loans and leases to core deposits | 74.24% |
| Equity capital to assets | 75.47% |
| Core capital (leverage) ratio | 10.09% |
| Tier 1 risk-based capital ratio | 9.79% |
| Total risk-based capital ratio | 16.85% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $261,470 |
| Average equity | $25,294 |
| Average loans | $240,770 |
| 4 Massachusetts Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 41047 | Winter Hill Bank, Fsb | 342 Broadway, Somerville, MA 2145 | January 01, 1906 | Full Service Brick and Mortar |  |
| 1 | 265565 | Cutter Avenue Branch | 5 Cutter Avenue, Somerville, MA 2144 | January 01, 1906 | Full Service Brick and Mortar |  |
| 2 | 265566 | 265mainstreet Branch | 271 Main Street, North Reading, MA 1864 | January 01, 1906 | Full Service Brick and Mortar | |
| 6 | 428496 | Broadway Branch | 691 Broadway, Somerville, MA 2144 | Febuary 20, 2001 | Full Service Brick and Mortar | |
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