Westborough Savings Bank
Westborough, MA — Domestic Branch of a Domestic Bank
Acquired Aug 2007
Vitals
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Total Assets297.1M -0.7 %
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Total Deposits213.1M -0.5 %
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Total Net Loans205.4M -2.0 %
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Net Income
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Book Value27.0M -3.2 %
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Book Value x254.0M -3.2 %
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Book Value x381.0M -3.2 %
Balance Sheet Highlights
| Financial Highlights | Westborough Savings Bank | All Insured Savings Banks in Massachusetts |
| Balance Sheet $(000) | ||
| Total Assets | 297,124 | 380,538 |
| Total Net Loans | 205,383 | 250,680 |
| Total Deposits | 213,132 | 286,158 |
| Total Equity | 26,998 | 40,526 |
| Profitability | ||
| Net Income | — | 1,219 |
| Return on Average Assets | — | .492 |
| Return on Average Equity | — | 4.634 |
| Net Interest Margin | 2.519 | 2.962 |
| Efficiency Ratio | 115.151 | 82.132 |
| Noninterest Income/Revenue | 4.795 | 7.837 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 96.364 | 88.418 |
| Securities/Assets | .206 | .319 |
| Total Equity/Total Assets | .091 | .106 |
| Tangible Equity/Tangible Assets | .089 | .067 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 26,999 | 39,309 |
| Tier 2 Capital | 866 | 2,756 |
| Total Capital | 27,865 | 42,369 |
| Total Risk Weighted Assets | 170,993 | 242,931 |
| Leverage Ratio | 9.14 | 10.289 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 15.79 | 16.716 |
| Total Capital Ratio | 16.3 | 17.815 |
Timeline for Westborough Savings Bank
Westborough Financial Services, Inc.
Westborough Financial Services, Inc. became a new parent organization for Westborough Savings Bank.
View Profile Feb 15 2000
Eli Whitney Security Corporation
Eli Whitney Security Corporation became a new subsidiary organization for Westborough Savings Bank.
View Profile Feb 15 2000
Hundredth Corporation, The
Hundredth Corporation, The became a new subsidiary organization for Westborough Savings Bank.
View Profile Feb 15 2000
One Hundredth Security Corporation
One Hundredth Security Corporation became a new subsidiary organization for Westborough Savings Bank.
View Profile Feb 15 2000
Want to see more?
Complete timeline for Westborough Savings Bank is available.
View Complete Timeline| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Avidia Bank | Buyer | 1,342,643 | Acquisition | Discontinued | 8/25/2007 |
| Relationships | Role | Relationship Start | Relationship End |
| Westborough Financial Services, Inc. | Parent | 2/15/2000 | 8/24/2007 |
| Eli Whitney Security Corporation | Subsidary | 2/15/2000 | 8/24/2007 |
| Hundredth Corporation, The | Subsidary | 2/15/2000 | 8/24/2007 |
| One Hundredth Security Corporation | Subsidary | 2/15/2000 | 9/30/2002 |
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