FDIC Certificate #: 26549 Status: Active Federal Reserve ID: 117672 Date Established: January 01, 1888 WWW:http://www.theabingtonbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 35239 Numeric code: 15 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: Febuary 12, 1986 Last Structure Change Effective Date: October 21, 2008 Last Structure Change Process Date: January 28, 2009 Last Data Update: January 28, 2009 Data Source Date: April 05, 2012
Location
Address: 6 Harrison Avenue, Abington, MA 2351 County: Plymouth Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: South Boston Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Brockton, MA (#1200) Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7) Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460) CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460) Core Based Statistical Division: Boston-Quincy, MA (#14484)
History of Changes
Change in Primary Regulatory Agency
Change in Supervisory Agency
Institution Becomes a Member of FRS (Federal Reserve System)
Financial Summary
Total assets: $101.0 mil Equity capital: $9.4 mil Deposits held in domestic offices: $83.8 mil Return on assets (ROA): 0.44% ($0.4 mil) Quarterly return on assets: 0.76% ($0.8 mil) Return on Equity (ROE): 4.74% ($0.4 mil) Quarterly return on equity: 8.28% ($0.7 mil) Net income: $0.4 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.71% ($717.4 mil) Quarterly Pretax return on assets: 1.25% ($1,263.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
21Total employees (full-time equivalent)
$101,038Total assets
$3,506Cash and due from depository institutions
$1,196Interest-bearing balances
$18,904Securities
$1,298Federal funds sold & reverse repurchase agreements
$73,836Net loans & leases
$658Loan loss allowance
$0Trading account assets
$1,107Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$101,038Life insurance assets
$2,387All other assets
$91,652Total liabilities and capital
$83,835Total liabilities
$74,690Total deposits
$83,835Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,700Trading liabilities
$0Other borrowed funds
$1,117Subordinated debt
$9,386All other liabilities
$9,386Total equity capital
$9,386Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$9,066Surplus
$320Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$917Income earned, not collected on loans
$0Earning assets
$300Long-term assets (5+ years)
$95,234Average Assets, year-to-date
$39,346Average Assets, quarterly
$97,708Volatile liabilities
$100,608Insider loans
$60,367FHLB advances
$99,883Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$9,066Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$652Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,263Total interest income
$826Total interest expense
$3,437Net interest income
$88Provision for loan and lease losses
$529Total noninterest income
$0Fiduciary activities
$241Service charges on deposit accounts
$0Trading account gains & fees
$288Additional noninterest income
$3,207Total noninterest expense
$1,793Salaries and employee benefits
$293Premises and equipment expense
$1,121Additional noninterest expense
$671Pre-tax net operating income
$27Securities gains (losses)
$271Applicable income taxes
$427Income before extraordinary items
$0Extraordinary gains - net
$427Net income attributable to bank
$0Net charge-offs
$427Cash dividends
$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.65%Yield on earning assets
0.90%Cost of funding earning assets
3.75%Net interest margin
0.58%Noninterest income to earning assets
3.50%Noninterest expense to earning assets
0.42%Net operating income to assets
0.44%Return on assets (ROA)
0.71%Pretax return on assets
4.74%Return on equity (ROE)
4.74%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
4400.00%Credit loss provision to net charge-offs
379.50%Efficiency ratio
80,862Assets per employee
4.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.88%Loss allowance to noncurrent loans
71.76%Noncurrent assets plus other real estate owned to assets
0.91%Noncurrent loans to loans
1.23%Net loans and leases to deposits
88.07%Net loans and leases to core deposits
90.29%Equity capital to assets
9.29%Core capital (leverage) ratio
9.08%Tier 1 risk-based capital ratio
15.02%Total risk-based capital ratio
Memoranda
$16Average assets
$97,708Average earning assets
$9,001Average equity
$91,690Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
35239
Abington Bank
6 Harrison Avenue, Abington, MA 2351
January 01, 1888
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Abington Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: