BayBank NH, National Association in Burlington, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 23, 1997

  • BayBank NH, National Association in Burlington, Massachusetts (MA)
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BayBank NH, National Association - Overview

  • General
  • FDIC Certificate #: 20011
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: BayBank, National Association (#23564)
    Federal Reserve ID: 149404
    Date Established: August 15, 1969
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 22 (Interstate: No)
    OTS Docket #: 9062
    FDIC's unique #: 13743
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: August 15, 1969
    Last Structure Change Effective Date: May 23, 1997
    Last Structure Change Process Date: June 24, 1997
    Last Data Update: June 24, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 7 New England Executive Park, Burlington, MA 1803
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    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: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Merger - Without Assistance
    Change NONGEOFLDOFF from Default
    Change in Location
  • Financial Summary
  • Total assets: $775.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $170Total assets
  • $798,929Cash and due from depository institutions
  • $76,641Interest-bearing balances
  • $304Securities
  • $76,184Federal funds sold & reverse repurchase agreements
  • $19,900Net loans & leases
  • $559,534Loan loss allowance
  • $7,982Trading account assets
  • $0Bank premises and fixed assets
  • $14,741Other real estate owned
  • $1,170Goodwill and other intangibles
  • $6,883Life insurance assets
  • $43,876All other assets
  • $0Total liabilities and capital
  • $798,929Total liabilities
  • $678,827Total deposits
  • $633,142Interest-bearing deposits
  • $563,540Deposits held in domestic offices
  • 633142.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $2,014Trading liabilities
  • $0Other borrowed funds
  • $26,480Subordinated debt
  • $0All other liabilities
  • $17,191Total equity capital
  • $17,191Total bank equity capital
  • $120,102Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $108,946Undivided profits
  • Memoranda
  • $8,656Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,984Income earned, not collected on loans
  • $3,046Earning assets
  • $655,922Long-term assets (5+ years)
  • $52,087Average Assets, year-to-date
  • $797,255Average Assets, quarterly
  • $796,641Volatile liabilities
  • $39,663Insider loans
  • $25FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $81,741Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $75,817Total risk weighted assets
  • $420,432Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $55,197Total interest expense
  • $24,357Net interest income
  • $30,840Provision for loan and lease losses
  • $2,642Total noninterest income
  • $4,587Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,483Trading account gains & fees
  • $0Additional noninterest income
  • $2,104Total noninterest expense
  • $20,982Salaries and employee benefits
  • $7,568Premises and equipment expense
  • $2,904Additional noninterest expense
  • $10,510Pre-tax net operating income
  • $11,803Securities gains (losses)
  • $120Applicable income taxes
  • $191Income before extraordinary items
  • $11,732Extraordinary gains - net
  • $0Net income attributable to bank
  • $11,732Net charge-offs
  • $4,747Cash dividends
  • $1,875Sale, conversion, retirement of capital stock, net
  • $359Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.00%Cost of funding earning assets
  • 3.53%Net interest margin
  • 4.47%Noninterest income to earning assets
  • 0.67%Noninterest expense to earning assets
  • 3.04%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 1.50%Return on equity (ROE)
  • 10.42%Retained earnings to average equity (YTD only)
  • 8.76%Net charge-offs to loans
  • 0.85%Credit loss provision to net charge-offs
  • 55.66%Efficiency ratio
  • 48,522Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.98%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 44.38%Noncurrent assets plus other real estate owned to assets
  • 2.40%Noncurrent loans to loans
  • 3.17%Net loans and leases to deposits
  • 88.37%Net loans and leases to core deposits
  • 91.26%Equity capital to assets
  • 15.03%Core capital (leverage) ratio
  • 10.15%Tier 1 risk-based capital ratio
  • 18.03%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $797,255Average earning assets
  • $112,572Average equity
  • $689,757Average loans

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