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

This bank is inactive as of May 23, 1997

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

  • General
  • FDIC Certificate #: 23564
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Fleet National Bank (#2558)
    Federal Reserve ID: 170109
    Date Established: January 01, 1894
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 58 (Interstate: No)
    OTS Docket #: 11796
    FDIC's unique #: 12
    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: October 10, 1981
    Last Structure Change Effective Date: May 23, 1997
    Last Structure Change Process Date: June 24, 1997
    Last Data Update: March 15, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 175 Federal Street, Boston, MA 2110
    County: Suffolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North 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)
  • History of Changes
  • Merger - Without Assistance
    Participated in Absorption/Consolidation/Merger
    Corrections
  • Financial Summary
  • Total assets: $11,158.0 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)
  • $4,656Total assets
  • $11,430,769Cash and due from depository institutions
  • $1,066,563Interest-bearing balances
  • $0Securities
  • $1,553,694Federal funds sold & reverse repurchase agreements
  • $704,700Net loans & leases
  • $7,547,845Loan loss allowance
  • $121,134Trading account assets
  • $30,673Bank premises and fixed assets
  • $194,471Other real estate owned
  • $9,353Goodwill and other intangibles
  • $318,896Life insurance assets
  • $4,574All other assets
  • $0Total liabilities and capital
  • $11,430,769Total liabilities
  • $10,609,234Total deposits
  • $9,488,718Interest-bearing deposits
  • $7,148,819Deposits held in domestic offices
  • 9488718.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $640,908Trading liabilities
  • $0Other borrowed funds
  • $135,472Subordinated debt
  • $0All other liabilities
  • $344,136Total equity capital
  • $344,136Total bank equity capital
  • $821,535Perpetual preferred stock
  • $0Common stock
  • $50,000Surplus
  • $405,254Undivided profits
  • Memoranda
  • $366,281Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $81,696Income earned, not collected on loans
  • $32,492Earning assets
  • $9,836,912Long-term assets (5+ years)
  • $842,944Average Assets, year-to-date
  • $11,110,141Average Assets, quarterly
  • $11,424,990Volatile liabilities
  • $980,834Insider loans
  • $1,405FHLB advances
  • $0Loans and leases held for sale
  • $2,569Unused loan commitments
  • $3,429,700Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $810,350Total risk weighted assets
  • $7,010,210Total unused commitments
  • $0Restructured Loans and leases
  • $22,950Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $755,917Total interest expense
  • $262,198Net interest income
  • $493,719Provision for loan and lease losses
  • $22,180Total noninterest income
  • $262,584Fiduciary activities
  • $15,236Service charges on deposit accounts
  • $77,279Trading account gains & fees
  • $4,180Additional noninterest income
  • $165,889Total noninterest expense
  • $555,621Salaries and employee benefits
  • $231,381Premises and equipment expense
  • $84,649Additional noninterest expense
  • $239,591Pre-tax net operating income
  • $178,502Securities gains (losses)
  • $1,722Applicable income taxes
  • $65,819Income before extraordinary items
  • $114,405Extraordinary gains - net
  • $0Net income attributable to bank
  • $114,405Net charge-offs
  • $44,647Cash dividends
  • $25,000Sale, conversion, retirement of capital stock, net
  • $6,163Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.82%Cost of funding earning assets
  • 2.71%Net interest margin
  • 5.11%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • 5.75%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 1.62%Return on equity (ROE)
  • 14.91%Retained earnings to average equity (YTD only)
  • 11.65%Net charge-offs to loans
  • 0.61%Credit loss provision to net charge-offs
  • 49.68%Efficiency ratio
  • 73,311Assets per employee
  • 2.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.85%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 148.27%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 1.07%Net loans and leases to deposits
  • 79.55%Net loans and leases to core deposits
  • 81.31%Equity capital to assets
  • 7.19%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 11.56%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $11,110,141Average earning assets
  • $767,360Average equity
  • $9,664,193Average loans

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