13-2462 HIS Cov_Layout 1 3/19/13 11:35 AM Page 1
HULL
401 Nantasket Avenue
Hull, MA 02045
NANTUCKET
35 Main Street
Nantucket MA 02554
Coming in Summer 2013
NORWELL/HANOVER
5 Assinippi Avenue
Hanover, MA 02339
SCITUATE
400 Gannett Road
North Scituate, MA 02066
SOUTH WEYMOUTH
32 Pleasant Street
South Weymouth, MA 02190
BRANCH OFFICES
BOSTON
BEACON HILL
80 Charles Street
Boston, MA 02114
SOUTH END
540 Tremont Street
Boston, MA 02116
COHASSET
13 Elm Street
Cohasset, MA 02025
HINGHAM
Main Office
55 Main Street
Hingham, MA 02043
Loan Center
49 Main Street
Hingham, MA 02043
Drive-Up
71 Main Street
Hingham, MA 02043
SOUTH HINGHAM
37 Whiting Street
Hingham, MA 02043
LINDEN PONDS
300 Linden Ponds Way
Hingham, MA 02043
(serving Linden Ponds residents
and employees)
HINGHAM
INSTITUTION FOR
SAVINGS
ESTABLISHED 1834
55 Main Street, Hingham, MA 02043
Tel: 781-749-2200 Fax: 781-740-4889
www.hinghamsavings.com
Member FDIC/Member DIF
Equal Housing Lender
2012 ANNUAL REPORT
A TRADITION OF VALUE
— A FUTURE OF SERVICE
“Simple Banking - Honest Value – Happy Customers”. For 179 years, we have
provided straight-forward banking products delivered in a professional manner
with particular attention to the individual needs of our customers. This focus has
produced a vibrant and growing institution. We believe that our past will shape our
future. While remaining faithful to our traditions, we are focused on constantly
improving our customer experience, expanding into new markets, and delivering a
superior return to our shareholders.
We are fortunate to be an integral part of the history of Hingham and the South
Shore. In recent years, we have expanded our market area with the opening of new
branches in the South End and Beacon Hill neighborhoods of Boston. We have been
warmly welcomed in these neighborhoods. In addition to continuing our expansion
in the city, we are also eagerly anticipating the summer opening of a branch on
Nantucket’s historic Main Street. For many years we have provided loans to Island
residents and businesses, and we look forward to expanding our services there.
This past year, we redesigned and enhanced our online banking site for both
personal and business banking. We are proud of the site’s improved customer
interface and capabilities. We continue to evaluate new products and services for
our customers, while retaining the simplicity that is the hallmark of the Bank. This
simplicity allows us to act quickly and flexibly to support our customer’s personal
and business needs.
Our customers are a reflection of who we are at Hingham Savings. From business
banking to personal banking, we are committed to those we serve. The following
pages highlight several of our important customer relationships:
(cid:0) Nantucket Looms has been a key player in the revitalization effort that
gave Nantucket its cachet and contributes to its reputation as a unique
vacation destination.
(cid:0) Sing Ming Chan has applied his furniture and crafts knowledge to the
creation of beautiful buildings and a highly successful real estate business.
(cid:0) Land Rover continues to deliver industry-leading vehicles that have
delighted automobile enthusiasts since 1948.
(cid:0) Real estate developer John Woodin’s talent for project management has
allowed him to expand his business from distressed rehabs to a spectacular
multimillion dollar condominium development in Hingham.
(cid:0) The Gegler family has smoothly transitioned from the suburbs to the city.
FINANCIAL HIGHLIGHTS
13.3
12.1
10.2
1.30
1.25
1.19
1.09
1.04
8.0
6.3
08
09
10
11
12
08
09
10
11
12
Net Income
($ in millions)
Dividends Declared
($ per share)
1,205.9
1,127.3
1,017.8
925.6
806.2
869.9
949.7
787.6
730.0
631.1
525.3
849.8
792.9
718.2
647.3
08
09
10
11
12
08
09
10
11
12
08
09
10
11
12
Assets
($ in millions)
Deposits
($ in millions)
Loans, net
($ in millions)
FROM THE PRESIDENT
This past year, we continued to demonstrate the extraordinary results that can be
achieved by combining a focused strategy with efficient execution. We achieved
record earnings of $13.3 million or $6.25 per share (basic and diluted). This
represents a 10% increase over the previous year’s record earnings.
We realized a return on average equity of 15.05%, and our return on average assets
increased to 1.15%. On a regional and national basis, these are some of the
strongest earnings metrics in our industry.
Our consistent growth pattern of recent years continued with a 10% increase in total deposits, a 12% increase in total
loans and a 7% increase in total assets.
Asset quality continued to strengthen from already impressive levels. At December 31, 2012, non-performing assets
totaled a mere 0.28% of total assets; down from 0.92% of total assets at the prior year end. Our strong credit culture
and intense Board involvement have served us well during these past years of economic turmoil.
Our company-wide efforts at cost control continue to contribute to our financial strength. With an efficiency ratio of
41.54%, we have been able to achieve impressive rates of growth while also maintaining one of the leanest of expense
ratios. For the 18th consecutive year, we increased cash dividends declared per share.
These financial results; the impressive growth; the strong asset quality; the tight expense control and the industry
leading earnings performance, are all the product of an experienced, talented and committed group of banking
professionals. From our Board committees to our front line staff, there is a unanimity of purpose.
We seek to provide our customers simple and effective banking services that meet their needs and are delivered in a
straight-forward and efficient fashion. This allows us to provide extremely competitive rates and services to our
customers and strong returns to our shareholders.
This past year, we continued to enhance our deposit offerings with improvements to our retail and business online
banking products. We also implemented a remote deposit capture capability, electronic bank statements and other
incremental upgrades. These improvements and the success of our newest branch office on Beacon Hill contributed to
our steady growth.
We are an independent community bank with a proud and storied history. Our success of this past year confirms our
belief in the future of this 179 year-old institution. We are committed to the constant evolution that is necessary while
remaining true to our fundamentally conservative traditions.
I am grateful to our customers, shareholders, staff and directors for their support this past year, and I look forward to
our continued success in 2013.
Very truly yours,
Robert H. Gaughen, Jr.
President & CEO
NANTUCKET LOOMS
N antucket Looms is known around the world for its production hand weavings and one-of-a-
kind textiles. The shop was incorporated in 1968 by Andy Oates and Bill Euler, who had also
managed the restoration upholstery and drapes for the Jared Coffin House. A long line of
distinguished commissions followed for clients including I.M. Pei, Chanel, and the National Gallery of
Art. Since 1993, Nantucket Looms has been privately owned by Elizabeth Winship. Over the last decade,
she has successfully expanded on the rich offerings of this studio.
After hearing positive recommendations from other commercial mortgage customers on Nantucket,
Elizabeth was referred to Hingham Savings by one of Nantucket’s real estate brokers. She was interested
in purchasing a property for her store and weaving operations. In 2009, she purchased a property on
Main Street at a very attractive price. She credits the fast response of Loan Officer Shawn Sullivan and
our streamlined loan process for being able to take full advantage of a wonderful opportunity. We are
proud to have Elizabeth as a home mortgage customer as well.
We are a portfolio lender and our flexible approach to financing sets us apart. For us, it is a privilege to
visit with and learn about the businesses of our customers. We also appreciate that timing is very
important to our business customers. As a locally managed bank, we are able to make fast, informed
decisions on loan requests. Our loan process is designed to close commercial real estate loans for our
customers smoothly and without delay.
Hingham Savings will be opening a branch on Main Street this summer, just a few doors down from
Nantucket Looms. Our Branch Manager & Loan Officer is longtime Nantucket resident Sara Congdon.
Shown here with Elizabeth Winship, Sara is looking forward to talking with island merchants and
residents about how Hingham Savings will best serve their deposit and financing needs.
successful working relationships. Our loan officers are an experienced group of
professionals, each of whom has been with the Bank for many years. They can
speak with confidence about our credit standards and expectations. Our
customers know that the partner they worked with on prior projects will be
there for their next loan.
SING MING CHAN
S ing Ming Chan is a local business owner with retail stores in the
Boston area. He characterizes his real estate endeavors as a hobby,
but his investments have been enormously successful. Mr. Chan
specializes in renovating multifamily apartment buildings and high-end
condominium conversions. His family background in furniture making brings
an appreciation of quality craftsmanship. This recently completed multifamily
on East Broadway in South Boston features many fine details, including a
wooden spiral staircase, and custom dentil moldings on the exterior
entryways. Mr. Chan understands the changing market in South Boston and
these quality touches will surely be appreciated.
Mr. Chan came to Hingham Savings by referral from a family member who had
worked with Vice President Shawn Sullivan on a commercial proposal. Since
2009, we have financed five separate properties for Mr. Chan in South Boston,
all of which have been beautifully restored. Shawn and Mr. Chan have a strong
partnership based on a rare combination of mutual respect and trust – the
kind that only comes from a conscious effort to know our customers and build
LAND ROVER
T im Porelle has operated his successful Land Rover dealerships in
Hanover and Hyannis for the past thirteen years. Whether you are
reading one of the many glowing customer testimonials on the
Land Rover website or attending an off-road experience, the message is
consistent: these dealerships live up to the “Land Rover Way” with an ever-
evolving product line, knowledgeable personnel, and a loyal customer
community.
Relationships are important to Tim. He prefers to do his banking with a
community bank. Our Norwell/Hanover branch is located directly across the
street from the dealership. Tim stopped by to meet with Assistant Vice
President & Branch Manager Denise Quirk last year. It was evident to him that
we share his core business values, and he has been banking with us ever
since. He appreciates the individual service that Denise provides on every
aspect of his business banking.
Even as we have invested in new technologies to support our customers, we
recognize that our true distinction is found in the manner in which we deliver
these services. Our relationship with Tim testifies to our commitment.
DERBY BROOK TOWN HOMES
John Woodin of Realty Assets, Inc. has a 25-year history of development
success in the Boston area. His most recent project in South Hingham is
his most ambitious: Derby Brook is a 20-unit, condominium townhouse
development. Currently in the second phase of development, the 2,000
square-foot townhome-style condos are upscale and traditional in style,
featuring high-end amenities, a private road and wooded surroundings. The
project also includes a percentage of affordable units. The response to the
development has been overwhelmingly positive, and John anticipates
building out the entire Derby Brook development by the end of this year,
selling out at 15% higher than projections.
John was referred to Hingham Savings by another Hingham customer in
2001, and he has partnered with us ever since. He especially enjoys working
with Assistant Vice President & Loan Officer Janice Spiess. As General
Contractor, he manages every aspect of his projects, and he appreciates our
accessibility. His phone calls are answered promptly, and we are always
available for a meeting or to provide the assistance that will keep his
construction projects running smoothly. Janice’s thorough understanding of
the construction process and our streamlined, no red-tape policy keep his
projects on track and on budget.
We are a locally managed bank. Our officers live and work in the communities
we serve. We understand the importance of fast, knowledgeable service,
especially when working with time-sensitive home purchases. Our loan
decisions are made locally, and our officers personally see each loan through
the entire process. We work with our customers to find the best possible fit for
their mortgage financing needs and ensure that their loan transaction with us
is a best-in-class experience. Long after the closing, our customer relationships
continue; every mortgage is serviced in-house, which means you will always
reach a real person at Hingham Savings whenever you call us about your loan.
GEGLER RESIDENCE
G ene and Mary Gegler raised their young family in Hingham. When
their children began attending high school in the Boston area, they
decided to move to the city. For three years, they rented while
exploring various neighborhoods, allowing them to decide just where they
wanted to live. Last year, they attended an open house and fell in love with a
garden condominium deep in the heart of the South End.
As community members, the Gegler's were already familiar with Hingham
Savings. On a referral from one of our Directors, they called on Tony Tierno,
Assistant Vice President & South End Branch Manager, for their mortgage
financing. As it turned out, Tony already knew the property that the Geglers
were interested in purchasing. Not only were the condominium developers,
David Goldman and Dennis Kanin, longtime customers of the Bank, but the
finish work on the unit had also been done by another one of our commercial
customers, Kennedy Design Build. It was a match that was meant to be. The
Gegler’s new mortgage was processed smoothly and without delay, and they
are happily settled in their new home. They are impressed with our high level
of service and Gene often comments on how easy the Bank made the whole
process for them.
SENIOR OFFICERS
Robert A. Bogart
Vice President
& Treasurer
Peter R. Smollett
Vice President
Commercial Lending
Shawn T. Sullivan
Vice President
Commercial Lending
William M. Donovan Jr.
Vice President
Administration
Robert H. Gaughen, Jr.
President
& Chief Executive Officer
William G. Bowers, Jr.
Vice President
Commercial Lending
Alexander L. Boyd
Vice President
Commercial Lending
Michael J. Sinclair
Vice President
Retail Lending
Patrick R. Gaughen
Vice President
Chief Strategy
& Corporate Development
Thomas I. Chew
Vice President
Branch Operations
BOARD OF DIRECTORS
Howard M. Berger, Esq.
Michael J. Desmond
Marion J. Fahey
Ronald D. Falcione
Kevin W. Gaughen, Esq.
Patrick R. Gaughen
Robert H. Gaughen, Jr., Esq.
Julio R. Hernando, Esq.
Brian T. Kenner, Esq.
Robert A. Lane, Esq.
Scott L. Moser
Stacey M. Page
Robert K. Sheridan
Edward L. Sparda
Donald M. Tardiff M.D.
Geoffrey C. Wilkinson, Sr.
Jacqueline M. Youngworth
FINANCIAL HIGHLIGHTS
Selected Financial Data
The following information does not purport to be complete and is qualified in its entirety by the more detailed information
contained in the Bank’s Annual Report on Form 10-K.
Total assets … … … … … … … … …
Securities available for sale… … … …
Loans:
Residential loans … … … … … … …
Commercial mortgage … … … … …
Construction … … … … … … … …
Other … … … … … … … … … … …
Allowance for loan losses … … … …
Deposits … … … … … … … … … …
Federal Home Loan Bank advances…
Stockholders’ equity … … … … … …
2012
2011
2010
2009
2008
(In Thousands)
At December 31,
$ 1,205,884
102,866
$ 1,127,276
96,689
$ 1,017,845
95,071
$ 925,560
96,374
$ 806,193
87,380
457,217
438,037
60,390
869
7,999
869,886
234,355
92,799
408,607
404,343
42,269
1,090
7,516
787,573
247,471
82,265
385,525
383,361
29,065
958
6,905
729,960
207,580
72,736
350,433
348,700
23,228
833
5,737
631,087
222,636
65,293
299,866
317,162
33,315
799
4,530
525,334
214,994
59,825
2012
2011
Years Ended December 31,
2009
2010
2008
(Dollars in Thousands, Except Per Share Amounts)
Income Statement Data:
Total interest and dividend income ……………
Total interest expense……………………………
Net interest income ……………………
Provision for loan losses ……………………
Other income ……………………………………
Operating expenses ..…………………………
Income before income taxes …………….
Income tax provision .…………………………
Net income ………………………………
Earnings per common share:
Basic………………………………………………
Diluted……………………………………………
Financial Ratios:
Return on average assets………………………
Return on average equity………………………
Average equity to average assets………………
Interest rate spread…………………………….
Net yield on average earning assets……………
Dividend payout ratio (basic) …………………
Efficiency ratio……………………………………
Cash dividends declared per common share ……
Book value per common share …………………
$
$
$
$
$
48,831 $
10,937
37,894
725
1,666
16,434
22,401
9,111
13,290
48,444 $
12,618
35,826
1,100
1,700
16,091
20,335
8,273
$ 12,062
$
46,825 $
15,098
31,727
1,300
1,627
14,978
17,076
6,848
10,228
$
44,798 $
17,599
27,199
1,700
2,008
14,371
13,136
5,091
8,045
$
6.25 $
5.68 $
4.81 $
3.79
$
6.25 $
5.67 $
4.81 $
3.79
$
43,309
21,980
21,329
805
1,664
12,123
10,065
3,780
6,285
2.96
2.96
1.15 %
15.05
7.62
3.25
3.38
20.80
41.54
$
1.30
43.65 $
1.14 %
15.34
7.44
3.36
3.50
22.01
42.88
1.25
$
38.70 $
1.05 %
14.67
7.14
3.20
3.37
24.74
44.91
1.19
$
34.24 $
0.93 %
0.81 %
12.78
7.26
3.11
3.30
28.76
49.20
1.09
30.74
$
$
11.08
7.33
2.52
2.86
35.14
52.72
1.04
28.20
COMPARATIVE STOCK PERFORMANCE GRAPH
The chart which appears below sets forth the percentage change,
on an annual basis, in the cumulative total return on the Bank’s
Common Stock since December 31, 2007 through December 31,
2012. For comparative purposes, changes in the cumulative total
return on the three indices of publicly traded stocks (the
“Indices”) are also set forth on the chart.
The NASDAQ Composite Index reflects the total return of a
group of stocks in a cross section of industries. Many of these
stocks have substantially larger market capitalizations than the
Bank. The SNL Bank and Thrift Index tracks a national group of
publicly traded bank and thrift institutions.
The final Index, SNL New England Thrift Index, tracks a peer
group of all publicly traded thrift institutions located in New
England. SNL Securities is a research and publishing firm spe-
cializing in the collection and dissemination of data on the bank-
ing, thrift, and financial services industries.
The chart begins with an equal base value of $100 for the Bank’s
stock and for each of the Indices on December 31, 2007 and
reflects year-end closing prices and dividends paid thereafter by
the Bank and by the companies which comprise the Indices. The
chart assumes full reinvestment of such dividends.
Information about the Indices has been obtained from sources
believed to be reliable, but neither the accuracy nor the complete-
ness of such information is guaranteed by the Bank.
Index
Hingham Institution for Savings
NASDAQ Composite
SNL New England Thrift
SNL Bank and Thrift
Period Ending
12/31/07
100.00
100.00
100.00
100.00
12/31/08
87.69
60.02
105.24
57.51
12/31/09
111.43
87.24
100.14
56.74
12/31/10
167.02
103.08
102.64
63.34
12/31/11
184.07
102.26
101.63
49.25
12/31/12
246.63
120.42
107.91
66.14
TOTAL RETURN PERFORMANCE
Hingham Institution for Savings
NASDAQ Composite
SNL New England Thrift
SNL Bank and Thrift
300 —
250 —
200 —
150 —
100 —
50 —
0 —
12/31/07
12/31/08
12/31/09
12/31/10
12/31/11
12/31/12
CONSOLIDATED BALANCE SHEETS
ASSETS
December 31,
2012
2011
(In Thousands)
Cash and due from banks …………………………………………………………….
Short-term investments ………………………………………………………………
Cash and cash equivalents ……………………………………………………….
$
Certificates of deposit…………………………………………………………………
Securities available for sale, at fair value ……………………………………………
Federal Home Loan Bank stock, at cost …………………………………………….
Loans, net of allowance for loan losses
of $7,999,000 in 2012 and $7,516,000 in 2011 ………………………………….
Foreclosed assets ……………………………………………………………………
Bank-owned life insurance …………………………………………………………
Premises and equipment, net …………………………………………………………
Accrued interest receivable …………………………………………………………
Prepaid FDIC assessment …………………………………………………………….
Deferred income tax asset, net ………………………………………………………
Other assets …………………………………………………………………………
Total assets ………………………………………………………………………
7,961
79,373
87,334
13,737
102,866
14,105
949,662
471
14,945
14,180
2,667
1,364
2,556
1,997
$ 1,205,884
$
8,918
107,422
116,340
13,405
96,689
13,373
849,776
3,629
14,524
10,597
2,858
1,871
2,704
1,510
$ 1,127,276
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits ………………………………………………………………………………
Federal Home Loan Bank advances …………………………………………………
Mortgage payable ……………………………………………………………………
Mortgagors’ escrow accounts ………………………………………………………
Accrued interest payable …………………………………………………………….
Other liabilities……………………………………………………………………….
Total liabilities …………………………………………………………………...
$
869,886
234,355
1,065
3,231
478
4,070
1,113,085
$
787,573
247,471
1,107
2,517
475
5,868
1,045,011
Stockholders’ equity:
Preferred stock, $1.00 par value,
2,500,000 shares authorized, none issued ….…………………………………
Common stock, $1.00 par value, 5,000,000 shares
authorized; 2,125,750 shares issued and
outstanding at December 31, 2012 and
December 31, 2011 ……………………………………………………………
Additional paid-in capital ………………………………………………………
Undivided profits ………………………………………………………………
Accumulated other comprehensive income ……………………………………
Total stockholders’ equity …………………………………………………
Total liabilities and stockholders’ equity ………………………………………
—
—
2,126
10,519
79,930
224
92,799
$ 1,205,884
2,126
10,500
69,404
235
82,265
$ 1,127,276
CONSOLIDATED STATEMENTS OF NET INCOME
Interest and dividend income:
Loans ………………………………………………………………………
Debt securities ……………………………………………………………
Equity securities……………………………………………………………
Short-term investments and certificates of deposit ………………………
Total interest and dividend income ……………………………………
Interest expense:
Deposits……………………………………………………………………
Federal Home Loan Bank advances ………………………………………
Mortgage payable …………………………………………………………
Total interest expense …………………………………………………
Net interest income ……………………………………………………………
Provision for loan losses ………………………………………………………
Net interest income, after provision for loan losses …………………………
Other income:
Customer service fees on deposits…………………………………………
Increase in Bank-owned life insurance……………………………………
Miscellaneous ……………………………………………………………
Total other income ……………………………………………………
Operating expenses:
Salaries and employee benefits ……………………………………………
Data processing ……………………………………………………………
Occupancy and equipment ………………………………………………
Deposit insurance …………………………………………………………
Foreclosure…………………………………………………………………
Marketing …………………………………………………………………
Other general and administrative …………………………………………
Total operating expenses………………………………………………
Income before income taxes …………………………………………………
Income tax provision …………………………………………………………
Net income ………………………………………………………………
Earnings per common share:
Basic ………………………………………………………………………
Diluted ……………………………………………………………………
Years Ended December 31,
2012
2010
2011
(In Thousands, Except Per Share Amounts)
$
$
$
$
47,753
526
198
354
48,831
5,858
5,014
65
10,937
37,894
725
37,169
1,008
421
237
1,666
9,643
884
1,709
611
336
654
2,597
16,434
22,401
9,111
13,290
6.25
6.25
$
$
$
$
47,191
749
153
351
48,444
6,751
5,799
68
12,618
35,826
1,100
34,726
987
450
263
1,700
8,894
883
1,528
701
1,038
650
2,397
16,091
20,335
8,273
12,062
5.68
5.67
$
$
$
$
44,878
1,418
106
423
46,825
8,125
6,903
70
15,098
31,727
1,300
30,427
893
459
275
1,627
8,371
853
1,280
1,074
726
501
2,173
14,978
17,076
6,848
10,228
4.81
4.81
STOCKHOLDER INFORMATION
(cid:1)
Hingham Institution for Savings
55 Main Street
Hingham, MA 02043
(781) 749-2200
President and Chief
Executive Officer
Robert H. Gaughen, Jr.
Investor Inquiries
William M. Donovan, Jr.
Vice President –Administration
TransferAgent and Registrar
Computershare
250 Royall St.
Canton, MA 02021
(800) 288-9541
Online Registered Shareholder Access
www.computershare.com/investor
Stockholder Inquiries
Computershare
For Hingham Institution for Savings
P.O. Box 358015
Pittsburgh, PA 15252-8015
(800) 288-9541
Independent Registered Public Accounting Firm
Wolf & Company, P.C.
99 High Street
Boston, MA 02110
Special Counsel
WilmerHale
60 State Street
Boston, MA 02109
(cid:1)
Data
Stock
Hingham Institution for Savings’ common shares are listed and
traded on The NASDAQ Stock Market under the symbol HIFS.
As of December 31, 2012, there were approximately 352
stockholders of record, holding 731,079 outstanding shares of
common stock. These shares do not include the number of
persons who hold their shares in nominee or street name through
various brokerage firms.
The following table presents the quarterly high and low bid
prices for the Bank’s common stock reported by NASDAQ.
2012
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
2011
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
High
Low
$ 56.94
61.40
66.99
82.34
$ 51.51
53.00
57.50
50.00
$ 47.90
53.79
57.74
59.55
$ 42.80
44.77
45.75
46.15
The closing sale price of the Bank’s common stock at December
31, 2012 was $62.60 per share.
Form 10-K and Proxy Statement
A copy of the Bank’s Annual Report on Form 10-K and Proxy
Statement for the fiscal year ended December 31, 2012, as filed
with the Federal Deposit Insurance Corporation, may be
obtained without charge by any stockholder of the Bank upon
written request addressed to the Investor Relations Department.
Additionally, the Bank’s Annual Report on Form 10-K and the
at
are
Proxy
www.hinghamsavings.com
electronically
Statement
available
13-2462 HIS Cov_Layout 1 3/19/13 11:35 AM Page 1
HULL
401 Nantasket Avenue
Hull, MA 02045
NANTUCKET
35 Main Street
Nantucket MA 02554
Coming in Summer 2013
NORWELL/HANOVER
5 Assinippi Avenue
Hanover, MA 02339
SCITUATE
400 Gannett Road
North Scituate, MA 02066
SOUTH WEYMOUTH
32 Pleasant Street
South Weymouth, MA 02190
BRANCH OFFICES
BOSTON
BEACON HILL
80 Charles Street
Boston, MA 02114
SOUTH END
540 Tremont Street
Boston, MA 02116
COHASSET
13 Elm Street
Cohasset, MA 02025
HINGHAM
Main Office
55 Main Street
Hingham, MA 02043
Loan Center
49 Main Street
Hingham, MA 02043
Drive-Up
71 Main Street
Hingham, MA 02043
SOUTH HINGHAM
37 Whiting Street
Hingham, MA 02043
LINDEN PONDS
300 Linden Ponds Way
Hingham, MA 02043
(serving Linden Ponds residents
and employees)
HINGHAM
INSTITUTION FOR
SAVINGS
ESTABLISHED 1834
55 Main Street, Hingham, MA 02043
Tel: 781-749-2200 Fax: 781-740-4889
www.hinghamsavings.com
Member FDIC/Member DIF
Equal Housing Lender
2012 ANNUAL REPORT