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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