Southbridge Savings Bank

Southbridge Savings Bank is headquartered in Southbridge and is the 65^th largest bank in the state of Massachusetts. It is also the 1,547^th largest bank in the nation. It was established in 1848 and as of September of 2011, it had grown to 114 employees at 9 locations. Southbridge Savings Bank's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Southbridge Savings Bank Routing Number: 211371735

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Data for Q3 2011

Institution Statistics Southbridge Savings Bank FDIC Certificate # 23524 BankRate Report View Year Established 1848 Employees 114 Primary Regulator FDIC Assets and Liabilities Assets $426.30 million Loans $344.43 million Deposits $328.71 million Equity Capital $40.24 million Loan Loss Allowance $3.02 million Unbacked Noncurrent Loans $4.45 million Real Estate Owned $1.83 million Historic Data - September 2010 Assets $428.89 million Equity Capital $37.54 million Loan Loss Allowance $2.57 million Unbacked Noncurrent Loans $4.80 million Real Estate Owned $2.28 million Profit Margin - Quarterly Net Interest Margin 4.14% Return on Assets 0.52% Return on Equity 5.45% Interest Income $14.85 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Southbridge Savings Bank had $6.29 million in non-current loans and owned real-estate with $43.26 million in equity and loan loss allowances on hand to cover it. This gives Southbridge Savings Bank a Texas Ratio of 14.54% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Southbridge Savings Bank decreased slightly from 17.63% as of September 30, 2010 to 14.54% as of September 30, 2011, resulting in a positive change of 17.56%.This indicates that the balance sheet and financial strength for Southbridge Savings Bank has improved slightly in recent periods. Deposit Growth In the past year, Southbridge Savings Bank has decreased its total deposits by -$5.86 million, resulting in -1.75% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Southbridge Savings Bank has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Southbridge Savings Bank has $426.3 million in assets with $43.26 million in equity, resulting in a capitalization level of 10.15%, which is above average.

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