ESB reports more than $973 million in assets

Date: 11/2/2012

EASTHAMPTON — Easthampton Savings Bank had its quarterly Director's meeting on Oct. 17. President and CEO, William S. Hogan Jr., reported that the bank's total assets surpassed $973 million at the end of the third quarter.

Bozena C. Dabek, senior vice president and CFO, reported the bank's assets, were up more than $36 million from a year ago, an increase of almost 4 percent.

"Easthampton Savings Bank continues to be one of the best capitalized banks in the area, with a capital ratio over 12 percent," she added.

In a report from Denise V. Laizer, senior vice president and chief lending officer, she noted, "over the past year, total loans increased 7 percent or more than $47 million, and an increase of $9 million over the last quarter."

Total loans now stand at over $682 million.

Thomas W. Brown, senior vice president, Retail Banking, noted that the bank's deposit growth was almost $39 million or 5 percent from a year ago. Deposits were up almost $6 million for the quarter.

"Total deposits are now $793 million." Brown added.

Hogan said, "This past quarter has been another successful one. We achieve this level of success with a team of employees that put community, customers and the institution at the top of their list. We look forward to completing the year on an up note with strong performance."