Vitals
  • Total Assets
    2.6B 2.7 %
  • Total Deposits
    2.1B 3.9 %
  • Total Net Loans
    1.9B 13.3 %
  • Net Income
    737000.0000 -92.5 %
  • Book Value
    235.5M 1.5 %
  • Book Value x2
    471.1M 1.5 %
  • Book Value x3
    706.6M 1.5 %
ROAA

.053

ROAE

.627

Efficiency Ratio

89.173

Net Interest Margin

3.712

Balance Sheet Highlights
Financial Highlights Danversbank All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets 2,583,385 496,341
Total Net Loans 1,852,749 323,327
Total Deposits 2,078,925 395,033
Total Equity 235,543 52,553
Profitability
Net Income 737 1,307
Return on Average Assets .053 .442
Return on Average Equity .627 4.284
Net Interest Margin 3.712 3.364
Efficiency Ratio 89.173 79.861
Noninterest Income/Revenue 8.701 11.549
Balance Sheet Ratios
Loan-to-Deposit 89.121 82.408
Securities/Assets .078 .199
Total Equity/Total Assets .091 .106
Tangible Equity/Tangible Assets .079 .104
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 204,834 50,023
Tier 2 Capital 18,493 3,751
Total Capital 223,327 53,787
Total Risk Weighted Assets 1,914,432 315,298
Leverage Ratio 7.68 9.845
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 10.7 15.725
Total Capital Ratio 11.67 16.902

Timeline for Danversbank

People's United Bank, National Association

Danversbank was acquired by People's United Bank, National Association 12 years

View Profile Jul 01 2011

The Beverly National Bank

Acquisition: Danversbank acquired a new subsidiary, The Beverly National Bank, 14 years

View Profile Feb 13 2010

Beverly National Security Corporation

Beverly National Security Corporation became a new subsidiary organization for Danversbank.

View Profile Feb 13 2010

Five Conant Street Investment Corporation

Five Conant Street Investment Corporation became a new subsidiary organization for Danversbank.

View Profile Apr 16 2008

Bankmalden, A Co-Operative Bank

Acquisition: Danversbank acquired a new subsidiary, Bankmalden, A Co-Operative Bank, 17 years

View Profile Feb 24 2007

Want to see more?

Complete timeline for Danversbank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
People's United Bank, National Association Buyer 40,278,972 Discontinued 7/1/2011
The Beverly National Bank Seller 535,381 Pooling of Interests Discontinued 2/13/2010
Bankmalden, A Co-Operative Bank Seller 46,548 Acquisition Discontinued 2/24/2007
Revere Federal Savings And Loan Association Seller 149,764 Acquisition Discontinued 9/27/2001
Relationships Role Relationship Start Relationship End
Danvers Bancorp, Inc. Parent 11/18/1998 6/30/2011
Conant Investment Corp. Subsidary 6/30/2007 6/30/2011
Beverly National Security Corporation Subsidary 2/13/2010 6/30/2011
One Conant Capital Llc Subsidary 5/16/2006 6/30/2011
Five Conant Street Investment Corporation Subsidary 4/16/2008 6/30/2011
Danvers Square Investment Corp. Subsidary 6/30/2007 7/31/2008
Danvers Square Investment Corp. Subsidary 4/18/2003 6/29/2007
Conant Investment Corp. Subsidary 12/18/2002 6/29/2007
Telvest Corporation Subsidary 2/23/2007 4/30/2007
Partnership Processing Corp. Subsidary 5/9/2000 3/15/2007
Danvers Ventures, Inc. Subsidary 11/18/1998 12/31/2003
Rfs Investment Corporation Subsidary 9/27/2001 11/2/2001
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