BayCoast Bank in Fall River, Massachusetts (MA), RI
Overview, Financial Summary, Detailed Financial Reports, Branches


  • BayCoast Bank in Fall River, Massachusetts (MA), RI
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BayCoast Bank routing number info

BayCoast Bank - Overview

  • General
  • FDIC Certificate #: 90196
    Status: Active
    Federal Reserve ID: 771609
    Bank Holding Company (Regulatory Top Holder): Narragansett Financial Corp (RSSDID: 2623430, Location: Fall River, MA)
    Date Established: November 15, 1851
    WWW: http://www.citizensunionbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: Yes)
    OTS Docket #: 13133
    FDIC's unique #: 17787
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 18, 1985
    Last Structure Change Effective Date: January 30, 2012
    Last Structure Change Process Date: Febuary 03, 2012
    Last Data Update: Febuary 03, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 Bedford Street, Fall River, MA 2721
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $909.2 mil
    Equity capital: $79.8 mil
    Deposits held in domestic offices: $730.3 mil
    Return on assets (ROA): 0.45% ($4.1 mil)
    Quarterly return on assets: 0.57% ($5.2 mil)
    Return on Equity (ROE): 5.30% ($4.2 mil)
    Quarterly return on equity: 6.61% ($5.3 mil)
    Net income: $3.9 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 0.63% ($5,727.7 mil)
    Quarterly Pretax return on assets: 0.67% ($6,091.3 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, 2011)

  • Dollar figures in thousands
  • 262Total employees (full-time equivalent)
  • $909,153Total assets
  • $11,938Cash and due from depository institutions
  • $1Interest-bearing balances
  • $188,650Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $640,746Net loans & leases
  • $5,188Loan loss allowance
  • $0Trading account assets
  • $23,990Bank premises and fixed assets
  • $865Other real estate owned
  • $7,936Goodwill and other intangibles
  • $909,153Life insurance assets
  • $35,028All other assets
  • $829,316Total liabilities and capital
  • $730,265Total liabilities
  • $654,096Total deposits
  • $730,265Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $84,375Trading liabilities
  • $0Other borrowed funds
  • $14,676Subordinated debt
  • $79,837All other liabilities
  • $79,837Total equity capital
  • $79,837Total bank equity capital
  • $0Perpetual preferred stock
  • $543Common stock
  • $37,673Surplus
  • $41,621Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $7,529Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,913Income earned, not collected on loans
  • $0Earning assets
  • $3,172Long-term assets (5+ years)
  • $829,397Average Assets, year-to-date
  • $291,900Average Assets, quarterly
  • $863,397Volatile liabilities
  • $905,643Insider loans
  • $694,116FHLB advances
  • $892,147Loans and leases held for sale
  • $13,493Unused loan commitments
  • $13,493Tier 1 (core) risk-based capital
  • $75,332Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $82,083Restructured Loans and leases
  • $1,607Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $37,827Total interest income
  • $7,688Total interest expense
  • $30,139Net interest income
  • $950Provision for loan and lease losses
  • $11,097Total noninterest income
  • $2,321Fiduciary activities
  • $1,434Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,342Additional noninterest income
  • $35,832Total noninterest expense
  • $20,332Salaries and employee benefits
  • $3,626Premises and equipment expense
  • $11,874Additional noninterest expense
  • $4,454Pre-tax net operating income
  • $985Securities gains (losses)
  • $1,564Applicable income taxes
  • $3,875Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,875Net income attributable to bank
  • $0Net charge-offs
  • $3,875Cash dividends
  • $446Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 3.79%Net interest margin
  • 1.40%Noninterest income to earning assets
  • 4.51%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 5.30%Return on equity (ROE)
  • 5.30%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 213.00%Credit loss provision to net charge-offs
  • 12.12%Efficiency ratio
  • 86,109Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 65.56%Noncurrent assets plus other real estate owned to assets
  • 0.97%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 87.74%Net loans and leases to core deposits
  • 94.29%Equity capital to assets
  • 8.78%Core capital (leverage) ratio
  • 8.44%Tier 1 risk-based capital ratio
  • 10.85%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $863,397Average earning assets
  • $73,104Average equity
  • $794,639Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $323,279Managed Assets
  • 1Number of Accounts
  • $319,435Personal trust and agency accounts
  • $85,845Employee benefit-defined contribution accounts
  • $15,778Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $47,492Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $139,971Other fiduciary accounts
  • $30,349Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 628Number of Accounts
  • $0Personal trust and agency accounts
  • $47,492Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,844Other retirement accounts
  • $5Corporate trust and agency accounts
  • $3,648Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 13 Massachusetts Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    017787Baycoast Bank30 Bedford Street, Fall River, MA 2721November 15, 1851Full Service Brick and Mortar
    1291122Troy Street Branch81 Troy Street, Fall River, MA 2721July 08, 1974Full Service Brick and Mortar
    2291123Swansea Branch554 Wilbur Avenue, Swansea, MA 2777Febuary 10, 1975Full Service Brick and Mortar
    317784Union Branch20 South Main Street, Fall River, MA 2722January 01, 1851Limited Service Loan Production
    4291109Stafford Road Branch335 Stafford Road, Fall River, MA 2721April 22, 1974Full Service Brick and Mortar
    5291110Somerset BranchRoute 6 And Brayton Point Road, Somerset, MA 2725May 17, 1976Full Service Brick and Mortar
    6291111Robeson Street Branch490 Robeson Street, Fall River, MA 2720Febuary 15, 1977Full Service Brick and Mortar
    8291125Seekonk Branch174 Taunton Avenue, Seekonk, MA 2771July 13, 1998Full Service Brick and Mortar
    9433033New Bedford Branch95 William Street, New Bedford, MA 2740November 15, 2004Full Service Brick and Mortar
    11512580Ashley Boulevard Branch1000 Ashley Boulevard, New Bedford, MA 2745September 01, 2010Full Service Brick and Mortar
    13259671North Dighton Branch438 Spring Street, North Dighton, MA 2764January 01, 1976Full Service Brick and Mortar
    14259672Pleasant Street Branch1485 Pleasant Street, Fall River, MA 2722April 10, 1995Full Service Brick and Mortar
    15259673Fairhaven Branch75 Alden Road, Fairhaven, MA 2719January 27, 1997Full Service Brick and Mortar
  • 1 Rhode Island Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    10440535Tiverton Ri Branch1 Crandall Road, Tiverton, RI 2878May 26, 2005Full Service Brick and Mortar

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