Baldwinville Co-operative Bank in Baldwinville, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1994

Baldwinville Co-operative Bank in Baldwinville, Massachusetts (MA)
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Baldwinville Co-operative Bank - Overview

General
FDIC Certificate #: 26509
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colonial Co-operative Bank (#26556)
Federal Reserve ID: 1001871
Date Established: January 01, 1889
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 33211
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: January 22, 1986
Last Structure Change Effective Date: November 01, 1994
Last Structure Change Process Date: December 05, 1994
Last Data Update: December 05, 1994
Data Source Date: April 05, 2012
Location
Address: 5 Central Street, Baldwinville, MA 1436
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: $3.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$3Total assets
$3,928Cash and due from depository institutions
$233Interest-bearing balances
$0Securities
$530Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$3,128Loan loss allowance
$80Trading account assets
$0Bank premises and fixed assets
$9Other real estate owned
$0Goodwill and other intangibles
$28Life insurance assets
$0All other assets
$0Total liabilities and capital
$3,928Total liabilities
$3,082Total deposits
$3,015Interest-bearing deposits
$3,015Deposits held in domestic offices
3015.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$67Total equity capital
$67Total bank equity capital
$846Perpetual preferred stock
$0Common stock
$0Surplus
$846Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$22Earning assets
$3,658Long-term assets (5+ years)
$1,459Average Assets, year-to-date
$4,053Average Assets, quarterly
$3,972Volatile liabilities
$0Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$846Total risk weighted assets
$2,092Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$336Total interest expense
$103Net interest income
$233Provision for loan and lease losses
$47Total noninterest income
$6Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$6Total noninterest expense
$131Salaries and employee benefits
$72Premises and equipment expense
$9Additional noninterest expense
$50Pre-tax net operating income
$61Securities gains (losses)
$0Applicable income taxes
$7Income before extraordinary items
$54Extraordinary gains - net
$0Net income attributable to bank
$54Net charge-offs
$9Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.03%Cost of funding earning assets
2.77%Net interest margin
6.26%Noninterest income to earning assets
0.16%Noninterest expense to earning assets
3.52%Net operating income to assets
1.33%Return on assets (ROA)
1.33%Pretax return on assets
1.51%Return on equity (ROE)
6.64%Retained earnings to average equity (YTD only)
6.64%Net charge-offs to loans
0.28%Credit loss provision to net charge-offs
522.22%Efficiency ratio
54,812Assets per employee
1.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.49%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
103.75%Net loans and leases to core deposits
103.75%Equity capital to assets
21.54%Core capital (leverage) ratio
21.39%Tier 1 risk-based capital ratio
40.43%Total risk-based capital ratio
Memoranda
$42Average assets
$4,053Average earning assets
$813Average equity
$3,723Average loans

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