March 2025
Impact Survey
The Mass Bankers Industry Impact Survey is critical to helping us effectively tell our story about the good work and positive impact you have on your customers, clients and communities.
To better tell that story, we hope you will take 10 to 15 minutes to complete the following survey. Please forward this to appropriate person on your leadership team to complete.
All responses, including bank-specific information, will be communicated in the aggregate and individual responses will remain confidential.
SURVEY LINK
List of questions:
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Bank Name?
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Total Charitable Contributions for FY 2024
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Contributions, grants, matching gifts to 501c(3) orgs?
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Volunteer hours provided by employees during 2024?
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Employee Information (include employees of subsidiaries and related entities).
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Number of employees in Massachusetts at 12/31/24?
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Taxable compensation paid to MA employees in FY24?
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MA employees withholding taxes in FY24?
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Dollars spent in 2024 (or latest completed fiscal year) for:
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Operating expenses (non personnel related costs) in MA?
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Capital expenditures in Massachusetts?
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Small Business Loans (defined as $1 million or less; include SBA)
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i. Closed loans ($) FY 2024?
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ii. Closed loans (#) FY 2024?
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Small business loan portfolio as of FYE 2024?
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Green/Renewable Energy Projects
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Number of projects financed FY2024?
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Dollar amount of projects FY2024?
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Total 1-4 family residential loans originated in MA in 2024 (originated for portfolio and…
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Dollar amount of loans?
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Number of loans?
View the March survey results (click each question to reveal the responses)
How is the bonus calculated at your organization?
On actual earnings throughout the year: 40.63% (13)
On base pay as of the end of the year: 37.50% (12)
Other (please specify): 21.88% (7)
- Based on performance % of base pay
- On how well the bank did for the year and then based on employee's performance
- Chosen by Bank President, not given to officers
- Profit sharing plan based on base pay earnings, eligibility requires employment as of 10/01
- Exempt - base, Non-Exempt - W-2 earnings
- Both methods used; majority based on year-end base pay, small group on actual earnings
- Discretionary
If the bonus is calculated on base pay as of the end of the year, how is it pro-rated for employees who did not work the full year?
Pro-rated based on the number of months worked: 46.15% (12)
Pro-rated based on the number of days worked: 23.08% (6)
No pro-rating; full bonus is awarded regardless of tenure: 3.85% (1)
Not applicable (we do not use base pay for bonus calculation): 15.38% (4)
Other: 11.54% (3)
- Both plans are pro-rated based on hire date
- Pro-rated based on year-to-date earnings
- Officers calculated by days worked, non-officer incentives rounded to quarterly proration
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