Bay State Federal Savings Bank in Brookline, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 2003

  • Bay State Federal Savings Bank in Brookline, Massachusetts (MA)
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Bay State Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29712
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Compass Bank for Savings (#23291)
    Federal Reserve ID: 348476
    Date Established: January 01, 1920
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3934
    FDIC's unique #: 42546
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 04, 1936
    Last Structure Change Effective Date: May 31, 2003
    Last Structure Change Process Date: June 12, 2003
    Last Data Update: June 12, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 1299 Beacon St, Brookline, MA 2146
    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): Boston, MA-NH (#1120)
    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)
  • Financial Summary
  • Total assets: $578.8 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, 2002)

  • Dollar figures in thousands
  • 100Total employees (full-time equivalent)
  • $591,303Total assets
  • $10,952Cash and due from depository institutions
  • $1,597Interest-bearing balances
  • $26,382Securities
  • $12,481Federal funds sold & reverse repurchase agreements
  • $507,010Net loans & leases
  • $4,802Loan loss allowance
  • $1,818Trading account assets
  • $3,180Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $29,480All other assets
  • $591,303Total liabilities and capital
  • $541,341Total liabilities
  • $371,051Total deposits
  • $343,362Interest-bearing deposits
  • $371,051Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $159,803Other borrowed funds
  • $0Subordinated debt
  • $8,487All other liabilities
  • $49,962Total equity capital
  • $49,962Total bank equity capital
  • $49,962Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $26,168Undivided profits
  • Memoranda
  • $23,793Noncurrent loans and leases
  • $47,968Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $361Earning assets
  • $0Long-term assets (5+ years)
  • $3,028Average Assets, year-to-date
  • $549,288Average Assets, quarterly
  • $0Volatile liabilities
  • $546,438Insider loans
  • $574,613FHLB advances
  • $323,447Loans and leases held for sale
  • $8,032Unused loan commitments
  • $159,803Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $47,968Total unused commitments
  • $0Restructured Loans and leases
  • $5,623Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $37,721Total interest income
  • $14,528Total interest expense
  • $23,193Net interest income
  • $300Provision for loan and lease losses
  • $1,536Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • -$182Trading account gains & fees
  • $1,718Additional noninterest income
  • $12,513Total noninterest expense
  • $8,256Salaries and employee benefits
  • $2,182Premises and equipment expense
  • $2,075Additional noninterest expense
  • $11,916Pre-tax net operating income
  • $567Securities gains (losses)
  • $5,042Applicable income taxes
  • $7,441Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,441Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$68Sale, conversion, retirement of capital stock, net
  • $3,250Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.45%Yield on earning assets
  • 2.87%Cost of funding earning assets
  • 4.58%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 2.47%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 2.28%Pretax return on assets
  • 16.42%Return on equity (ROE)
  • 9.25%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -441.18%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 50,601Assets per employee
  • 5.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.68%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 1330.19%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 136.64%Net loans and leases to core deposits
  • 242.12%Equity capital to assets
  • 8.45%Core capital (leverage) ratio
  • 8.24%Tier 1 risk-based capital ratio
  • 10.83%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $546,438Average earning assets
  • $45,310Average equity
  • $506,591Average loans

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