Bank of Fall River, a Co-operative Bank - Overview
General
FDIC Certificate #: 26551 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BayCoast Bank (#90196) Federal Reserve ID: 121576 Date Established: January 01, 1888 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) OTS Docket #: 13445 FDIC's unique #: 35241 Numeric code: 15 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 05, 1986 Last Structure Change Effective Date: January 01, 2011 Last Structure Change Process Date: January 21, 2011 Last Data Update: January 21, 2011 Data Source Date: April 05, 2012
Location
Address: 30 Bedford Street, Fall River, MA 2720 County: Bristol 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): Providence-Fall River-Warwick, RI-MA (#6480) Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300) CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
Financial Summary
Total assets: $163.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
47Total employees (full-time equivalent)
$163,908Total assets
$17,524Cash and due from depository institutions
$16,513Interest-bearing balances
$39,686Securities
$0Federal funds sold & reverse repurchase agreements
$102,317Net loans & leases
$1,862Loan loss allowance
$0Trading account assets
$1,063Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,318All other assets
$163,908Total liabilities and capital
$150,845Total liabilities
$143,007Total deposits
$128,028Interest-bearing deposits
$143,007Deposits held in domestic offices
90.47%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$838All other liabilities
$13,063Total equity capital
$13,063Total bank equity capital
$13,063Perpetual preferred stock
$0Common stock
$0Surplus
$12,860Undivided profits
Memoranda
$203Noncurrent loans and leases
$6,325Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,032Earning assets
$0Long-term assets (5+ years)
$488Average Assets, year-to-date
$158,516Average Assets, quarterly
$63,860Volatile liabilities
$162,054Insider loans
$164,248FHLB advances
$27,732Loans and leases held for sale
$0Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,325Total unused commitments
$280Restructured Loans and leases
$1,144Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$7,714Total interest income
$2,090Total interest expense
$5,624Net interest income
$0Provision for loan and lease losses
$598Total noninterest income
$0Fiduciary activities
$460Service charges on deposit accounts
$0Trading account gains & fees
$138Additional noninterest income
$5,921Total noninterest expense
$3,874Salaries and employee benefits
$332Premises and equipment expense
$1,715Additional noninterest expense
$301Pre-tax net operating income
-$38Securities gains (losses)
$63Applicable income taxes
$200Income before extraordinary items
$0Extraordinary gains - net
$200Net income attributable to bank
$0Net charge-offs
$200Cash dividends
$46Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.94%Yield on earning assets
1.34%Cost of funding earning assets
3.60%Net interest margin
0.38%Noninterest income to earning assets
3.80%Noninterest expense to earning assets
0.14%Net operating income to assets
0.12%Return on assets (ROA)
0.16%Pretax return on assets
1.54%Return on equity (ROE)
1.54%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
6.54%Efficiency ratio
95,162Assets per employee
3.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
46.18%Noncurrent assets plus other real estate owned to assets
2.46%Noncurrent loans to loans
3.87%Net loans and leases to deposits
71.55%Net loans and leases to core deposits
88.76%Equity capital to assets
7.97%Core capital (leverage) ratio
7.64%Tier 1 risk-based capital ratio
14.17%Total risk-based capital ratio
Memoranda
$15Average assets
$162,054Average earning assets
$13,006Average equity
$156,012Average loans
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