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

This bank is inactive as of September 20, 1999

  • Bank of Easthampton, A Co-operative Bank in Easthampton, Massachusetts (MA)
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Bank of Easthampton, A Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26618
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Florence Savings Bank (#23293)
    Federal Reserve ID: 999775
    Date Established: January 01, 1900
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 5937
    FDIC's unique #: 35342
    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: April 03, 1986
    Last Structure Change Effective Date: September 20, 1999
    Last Structure Change Process Date: September 28, 1999
    Last Data Update: September 28, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 5 Main Street, Easthampton, MA 1027
    County: Hampshire
    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
    Metropolitan Statistical Area (MSA): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • Financial Summary
  • Total assets: $11.2 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $10,957Total assets
  • $1,228Cash and due from depository institutions
  • $863Interest-bearing balances
  • $841Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $8,351Net loans & leases
  • $50Loan loss allowance
  • $0Trading account assets
  • $463Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $74All other assets
  • $10,957Total liabilities and capital
  • $9,956Total liabilities
  • $9,877Total deposits
  • $9,209Interest-bearing deposits
  • $9,877Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $79All other liabilities
  • $1,001Total equity capital
  • $1,001Total bank equity capital
  • $1,001Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,003Undivided profits
  • Memoranda
  • $-2Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $170Earning assets
  • $0Long-term assets (5+ years)
  • $38Average Assets, year-to-date
  • $10,055Average Assets, quarterly
  • $2,788Volatile liabilities
  • $10,226Insider loans
  • $10,726FHLB advances
  • $461Loans and leases held for sale
  • $119Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $314Total unused commitments
  • $0Restructured Loans and leases
  • $6,695Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $760Total interest income
  • $317Total interest expense
  • $443Net interest income
  • $2Provision for loan and lease losses
  • $74Total noninterest income
  • $0Fiduciary activities
  • $51Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23Additional noninterest income
  • $373Total noninterest expense
  • $187Salaries and employee benefits
  • $54Premises and equipment expense
  • $132Additional noninterest expense
  • $142Pre-tax net operating income
  • $0Securities gains (losses)
  • $42Applicable income taxes
  • $100Income before extraordinary items
  • $0Extraordinary gains - net
  • $100Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.25%Yield on earning assets
  • 3.44%Cost of funding earning assets
  • 4.81%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 10.55%Return on equity (ROE)
  • 10.55%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 200.00%Credit loss provision to net charge-offs
  • 144.00%Efficiency ratio
  • 72,147Assets per employee
  • 1.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.60%Loss allowance to noncurrent loans
  • 29.41%Noncurrent assets plus other real estate owned to assets
  • 1.55%Noncurrent loans to loans
  • 2.02%Net loans and leases to deposits
  • 84.55%Net loans and leases to core deposits
  • 88.69%Equity capital to assets
  • 9.14%Core capital (leverage) ratio
  • 9.30%Tier 1 risk-based capital ratio
  • 14.86%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $10,226Average earning assets
  • $948Average equity
  • $9,217Average loans

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