Spencer Savings Bank
Spencer, MA — State Savings Bank
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Vitals
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Total Assets562.8M 9.9 %
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Total Deposits422.5M -1.2 %
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Total Net Loans490.5M 18.6 %
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Net Income2.7M 24.2 %
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Book Value58.4M 2.2 %
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Book Value x2116.8M 2.2 %
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Book Value x3175.1M 2.2 %
Balance Sheet Highlights
| Financial Highlights | Spencer Savings Bank | All Insured Savings Banks in Massachusetts |
| Balance Sheet $(000) | ||
| Total Assets | 562,806 | 761,274 |
| Total Net Loans | 490,453 | 592,852 |
| Total Deposits | 422,510 | 596,855 |
| Total Equity | 58,378 | 82,059 |
| Profitability | ||
| Net Income | 2,747 | 4,648 |
| Return on Average Assets | .501 | .538 |
| Return on Average Equity | 4.756 | 4.944 |
| Net Interest Margin | 3.257 | 3.143 |
| Efficiency Ratio | 76.114 | 77.098 |
| Noninterest Income/Revenue | 8.292 | 14.538 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 116.081 | 95.714 |
| Securities/Assets | .045 | .124 |
| Total Equity/Total Assets | .104 | .108 |
| Tangible Equity/Tangible Assets | .104 | .106 |
| Capital Adequacy | ||
| Tier 1 Common Capital | 59,737 | 80,540 |
| Tier 1 Capital | 59,737 | 80,580 |
| Tier 2 Capital | 3,822 | 5,839 |
| Total Capital | 63,559 | 86,408 |
| Total Risk Weighted Assets | 410,465 | 559,688 |
| Leverage Ratio | 10.64 | 10.827 |
| Common Equity Tier 1 Capital Ratio | 14.55 | 15.478 |
| Tier 1 Capital Ratio | 14.55 | 15.53 |
| Total Capital Ratio | 15.48 | 16.563 |
Timeline for Spencer Savings Bank
Ssb Community Bancorp Inc.
Ssb Community Bancorp Inc. became a new parent organization for Spencer Savings Bank.
View Profile May 01 2007
Spensabank, Inc.
Spensabank, Inc. became a new subsidiary organization for Spencer Savings Bank.
View Profile May 01 2007
Spencer Savings Investment Services
Spencer Savings Investment Services became a new subsidiary organization for Spencer Savings Bank.
View Profile May 01 2007
Warren Branch
Acquisition: Spencer Savings Bank acquired a new subsidiary, Warren Branch , 45 years
View Profile Oct 31 1978
Spencer Savings Bank
Spencer Savings Bank was established 153 years ago and is currently headquartered in Spencer, MA.
Apr 05 1871| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Warren Branch | Seller | Discontinued | 10/31/1978 |
| Relationships | Role | Relationship Start | Relationship End |
| Ssb Community Bancorp Inc. | Parent | 5/1/2007 | |
| Spensabank, Inc. | Subsidary | 5/1/2007 | |
| Spencer Savings Investment Services | Subsidary | 5/1/2007 |
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