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1831 Bancorp Inc Financials, FR Y-9SP Data and Filings

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Former Bank Holding Company Massachusetts RSSD 5164998 FRS Est. 2018

Part of: Charlesbridge, MHC

1831 Bancorp Inc was a bank holding company based in Massachusetts that last reported $2.33B in total consolidated assets as of December 31, 2023, on the consolidated assets memorandum line of its FR Y-9SP, a parent-company-only report. It last reported owning 2 banks that file a call report, the largest being Dedham Institution for Savings ($2.33B in assets as of December 31, 2023).

Holding companies with less than $3 billion in assets file the semiannual FR Y-9SP rather than the quarterly FR Y-9C. The FR Y-9SP reports the parent company on its own, apart from one consolidated assets line, so deposits, loans, capital ratios and quarterly earnings sit in the bank's call report: see Dedham Institution for Savings.

Key Financials FR Y-9SP, as of December 31, 2023; semiannual filer, next report as of June 30, 2024

Total consolidated assets
$2.33B
Total assets, parent only
$245.1M
Total equity, parent only
$245.1M
Net income, parent only (full year 2023)
$14.9M

Parent-only ratios, FR Y-9SP

Double leverage
1.00x
Return on equity, parent only (six months, annualized)
5.95%
Dividend payout, year to date
0.00%

Source: FR Y-9SP for December 31, 2023. Total consolidated assets covers the company and every subsidiary (Memoranda item 1, BHSP8519). The parent-only lines count the holding company itself, which carries its banks as an investment, and its net income is year to date. The form is filed semiannually, as of June 30 and December 31, so in March and September these are the last filed values. Parent-only ratios are not comparable with the consolidated FR Y-9C ratios of larger holding companies. Bank-level figures in the tables below come from each bank's own call report.

Bank Subsidiaries 2 banks held directly or through another holding company

Bank Charter State Total assets, Q4 2023 call report Share of bank assets Held through
Dedham Institution for Savings State Savings Bank MA $2.33B 51.9% Held directly
South Shore Bank State Member Bank MA $2.16B 48.1% Held directly

Questions About 1831 Bancorp Inc

What are 1831 Bancorp Inc's total assets?

1831 Bancorp Inc last reported $2.33B in total consolidated assets as of December 31, 2023, the figure it entered on the consolidated assets memorandum line of its FR Y-9SP filing with the Federal Reserve. The FR Y-9SP is a parent-company-only report that carries no consolidated balance sheet, and holding companies with less than $3 billion in assets file it semiannually instead of the quarterly FR Y-9C.

How many banks does 1831 Bancorp Inc own?

1831 Bancorp Inc last reported owning 2 banks that file a call report: Dedham Institution for Savings and South Shore Bank.

Who owns Dedham Institution for Savings?

Dedham Institution for Savings is owned by 1831 Bancorp Inc. The bank reported $2.33B in total assets on its call report for December 31, 2023.

Where can I find 1831 Bancorp Inc's FR Y-9SP?

1831 Bancorp Inc files the FR Y-9SP with the Federal Reserve every six months, as of June 30 and December 31. The reports are public on the FFIEC National Information Center under RSSD ID 5164998. This page summarizes the FR Y-9SP for Q4 2023.

Filing Details fiscal year and SEC registration

Fiscal year end
December 31
Ticker
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SEC CIK
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SEC filings
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Organization Map select + to expand a subsidiary's own holdings

Holding company Reporting bank Nonbank subsidiary

Direct Subsidiaries 2 active direct subsidiaries

Entity Type State Total Assets Share of bank subsidiary assets
Dedham Institution for Savings · 193809 State Savings Bank MA $2.64B 51.1%
South Shore Bank · 772008 State Member Bank MA $2.53B 48.9%

Share of bank subsidiary assets divides each bank's total assets by the combined assets of the bank subsidiaries listed. Nonbank subsidiaries are not counted.

Regulator records: FFIEC NIC profile (RSSD 5164998)