FDIC Certificate #: 26617 Status: Active Federal Reserve ID: 178271 Date Established: January 01, 1914 WWW:http://www.avoncoopbank.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 #: 35341 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: April 03, 1986 Last Structure Change Effective Date: September 16, 2008 Last Structure Change Process Date: October 28, 2008 Last Data Update: October 28, 2008 Data Source Date: April 05, 2012
Location
Address: 1 East Main Street, Avon, MA 2322 County: Norfolk 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: $67.9 mil Equity capital: $8.6 mil Deposits held in domestic offices: $58.8 mil Return on assets (ROA): 0.37% ($0.3 mil) Quarterly return on assets: 0.37% ($0.3 mil) Return on Equity (ROE): 2.95% ($0.3 mil) Quarterly return on equity: 2.91% ($0.3 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.41% ($278.3 mil) Quarterly Pretax return on assets: 0.40% ($271.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$67,868Total assets
$4,688Cash and due from depository institutions
$3,369Interest-bearing balances
$20,965Securities
$170Federal funds sold & reverse repurchase agreements
$38,852Net loans & leases
$203Loan loss allowance
$0Trading account assets
$1,551Bank premises and fixed assets
$0Other real estate owned
$69Goodwill and other intangibles
$67,868Life insurance assets
$1,573All other assets
$59,286Total liabilities and capital
$58,847Total liabilities
$56,338Total deposits
$58,847Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$439Subordinated debt
$8,582All other liabilities
$8,582Total equity capital
$8,582Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$8,185Surplus
$397Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$869Income earned, not collected on loans
$0Earning assets
$250Long-term assets (5+ years)
$63,356Average Assets, year-to-date
$24,086Average Assets, quarterly
$66,481Volatile liabilities
$67,281Insider loans
$28,034FHLB advances
$67,285Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,185Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,794Restructured Loans and leases
$522Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,684Total interest income
$690Total interest expense
$1,994Net interest income
$5Provision for loan and lease losses
$214Total noninterest income
$0Fiduciary activities
$5Service charges on deposit accounts
$0Trading account gains & fees
$209Additional noninterest income
$1,987Total noninterest expense
$1,012Salaries and employee benefits
$227Premises and equipment expense
$748Additional noninterest expense
$216Pre-tax net operating income
$56Securities gains (losses)
$25Applicable income taxes
$247Income before extraordinary items
$0Extraordinary gains - net
$247Net income attributable to bank
$0Net charge-offs
$247Cash dividends
$89Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.32%Yield on earning assets
1.11%Cost of funding earning assets
3.21%Net interest margin
0.34%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
0.29%Net operating income to assets
0.37%Return on assets (ROA)
0.41%Pretax return on assets
2.95%Return on equity (ROE)
2.95%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
5.62%Credit loss provision to net charge-offs
2.48%Efficiency ratio
89,991Assets per employee
5.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.52%Loss allowance to noncurrent loans
23.36%Noncurrent assets plus other real estate owned to assets
1.28%Noncurrent loans to loans
2.23%Net loans and leases to deposits
66.02%Net loans and leases to core deposits
70.76%Equity capital to assets
12.65%Core capital (leverage) ratio
12.16%Tier 1 risk-based capital ratio
29.20%Total risk-based capital ratio
Memoranda
$30Average assets
$66,481Average earning assets
$8,382Average equity
$62,085Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
35341
Avon Co-Operative Bank
1 East Main Street, Avon, MA 2322
January 01, 1914
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 Avon Co-operative 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: