FDIC Certificate #: 90200 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Rockland Trust Company (#9712) Federal Reserve ID: 842004 Date Established: Febuary 20, 1871 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 11 (Interstate: No) OTS Docket #: 8451 FDIC's unique #: 17791 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 25, 1986 Last Structure Change Effective Date: May 09, 2009 Last Structure Change Process Date: May 20, 2009 Last Data Update: May 20, 2009 Data Source Date: April 05, 2012
Location
Address: 58 Main Street, Franklin, MA 2038 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: $998.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
157Total employees (full-time equivalent)
$997,806Total assets
$16,031Cash and due from depository institutions
$1,139Interest-bearing balances
$193,579Securities
$2,623Federal funds sold & reverse repurchase agreements
$688,829Net loans & leases
$7,929Loan loss allowance
$0Trading account assets
$4,836Bank premises and fixed assets
$0Other real estate owned
$36,020Goodwill and other intangibles
$11,235Life insurance assets
$55,888All other assets
$997,806Total liabilities and capital
$896,390Total liabilities
$657,807Total deposits
$545,394Interest-bearing deposits
$657,807Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$228,636Other borrowed funds
$0Subordinated debt
$9,947All other liabilities
$101,416Total equity capital
$101,416Total bank equity capital
$101,416Perpetual preferred stock
$0Common stock
$500Surplus
$63,575Undivided profits
Memoranda
$37,341Noncurrent loans and leases
$103,563Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,026Earning assets
$0Long-term assets (5+ years)
$3,667Average Assets, year-to-date
$886,170Average Assets, quarterly
$369,355Volatile liabilities
$961,656Insider loans
$989,288FHLB advances
$168,844Loans and leases held for sale
$1,191Unused loan commitments
$223,546Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$103,563Total unused commitments
$1,180Restructured Loans and leases
$8,070Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$49,651Total interest income
$22,458Total interest expense
$27,193Net interest income
$2,298Provision for loan and lease losses
$5,082Total noninterest income
$0Fiduciary activities
$1,650Service charges on deposit accounts
$0Trading account gains & fees
$3,432Additional noninterest income
$24,681Total noninterest expense
$13,421Salaries and employee benefits
$3,304Premises and equipment expense
$7,956Additional noninterest expense
$5,296Pre-tax net operating income
$0Securities gains (losses)
$1,829Applicable income taxes
$3,467Income before extraordinary items
$0Extraordinary gains - net
$3,467Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$158Sale, conversion, retirement of capital stock, net
$4,840Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.88%Yield on earning assets
2.66%Cost of funding earning assets
3.22%Net interest margin
0.60%Noninterest income to earning assets
2.92%Noninterest expense to earning assets
0.36%Net operating income to assets
0.36%Return on assets (ROA)
0.55%Pretax return on assets
3.48%Return on equity (ROE)
-1.38%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
1454.43%Credit loss provision to net charge-offs
48.06%Efficiency ratio
74,528Assets per employee
6.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
139.60%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
87.85%Noncurrent assets plus other real estate owned to assets
0.90%Noncurrent loans to loans
1.30%Net loans and leases to deposits
104.72%Net loans and leases to core deposits
121.60%Equity capital to assets
10.16%Core capital (leverage) ratio
6.78%Tier 1 risk-based capital ratio
9.34%Total risk-based capital ratio
Memoranda
$11Average assets
$961,656Average earning assets
$99,501Average equity
$844,095Average loans
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