FDIC Certificate #: 27293 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Hometown Bank, A Cooperative Bank (#26523) Federal Reserve ID: 152673 Date Established: January 01, 1889 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 4452 FDIC's unique #: 39440 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 07, 1988 Last Structure Change Effective Date: April 01, 2011 Last Structure Change Process Date: April 11, 2011 Last Data Update: April 11, 2011 Data Source Date: April 05, 2012
Location
Address: 90 Exchange Street, Athol, MA 1331 County: Worcester Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Springfield Ma Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Worcester, MA (#49340) CBSA Metro Statistical Area: Worcester, MA (#49340)
Financial Summary
Total assets: $81.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
19Total employees (full-time equivalent)
$85,364Total assets
$5,008Cash and due from depository institutions
$4,171Interest-bearing balances
$1,382Securities
$0Federal funds sold & reverse repurchase agreements
$72,548Net loans & leases
$1,990Loan loss allowance
$0Trading account assets
$1,170Bank premises and fixed assets
$1,549Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,707All other assets
$85,364Total liabilities and capital
$77,211Total liabilities
$68,214Total deposits
$66,883Interest-bearing deposits
$68,214Deposits held in domestic offices
94.77%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,750Other borrowed funds
$0Subordinated debt
$247All other liabilities
$8,153Total equity capital
$8,153Total bank equity capital
$8,153Perpetual preferred stock
$0Common stock
$0Surplus
$8,137Undivided profits
Memoranda
$16Noncurrent loans and leases
$2,145Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,198Earning assets
$0Long-term assets (5+ years)
$295Average Assets, year-to-date
$78,101Average Assets, quarterly
$29,354Volatile liabilities
$90,553Insider loans
$87,273FHLB advances
$20,913Loans and leases held for sale
$298Unused loan commitments
$8,750Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,145Total unused commitments
$2,050Restructured Loans and leases
$849Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$4,439Total interest income
$1,409Total interest expense
$3,030Net interest income
$1,193Provision for loan and lease losses
-$138Total noninterest income
$0Fiduciary activities
$77Service charges on deposit accounts
$0Trading account gains & fees
-$215Additional noninterest income
$3,505Total noninterest expense
$1,121Salaries and employee benefits
$359Premises and equipment expense
$2,025Additional noninterest expense
-$1,806Pre-tax net operating income
$190Securities gains (losses)
-$327Applicable income taxes
-$1,289Income before extraordinary items
$0Extraordinary gains - net
-$1,289Net income attributable to bank
$0Net charge-offs
-$1,289Cash dividends
$1,017Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.28%Yield on earning assets
1.67%Cost of funding earning assets
3.60%Net interest margin
-0.16%Noninterest income to earning assets
4.17%Noninterest expense to earning assets
-1.59%Net operating income to assets
-1.42%Return on assets (ROA)
-1.78%Pretax return on assets
-14.69%Return on equity (ROE)
-14.69%Retained earnings to average equity (YTD only)
1.27%Net charge-offs to loans
117.31%Credit loss provision to net charge-offs
-0.60%Efficiency ratio
121,196Assets per employee
4.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.67%Loss allowance to noncurrent loans
21.64%Noncurrent assets plus other real estate owned to assets
12.62%Noncurrent loans to loans
12.34%Net loans and leases to deposits
106.35%Net loans and leases to core deposits
141.42%Equity capital to assets
9.55%Core capital (leverage) ratio
8.07%Tier 1 risk-based capital ratio
10.52%Total risk-based capital ratio
Memoranda
$12Average assets
$90,553Average earning assets
$8,777Average equity
$84,136Average loans
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