Beverly Co-operative Bank in city_name, state_name - Detailed Financial Reports, Location

Beverly Co-operative Bank in Beverly, Massachusetts (MA)
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Beverly Co-operative Bank routing number info

Beverly Co-operative Bank - Overview

General
FDIC Certificate #: 26601
Status: Active
Federal Reserve ID: 946171
Bank Holding Company (Regulatory Top Holder): Beverly Financial, Mhc (RSSDID: 3197835, Location: Beverly, MA)
Date Established: January 01, 1888
WWW: http://www.beverlycoop.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 9804
FDIC's unique #: 35322
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: March 25, 1986
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 254 Cabot Street, Beverly, MA 1915
County: Essex
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: Peabody, MA (#37764)
History of Changes
Name Change
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $297.6 mil
Equity capital: $23.6 mil
Deposits held in domestic offices: $245.9 mil
Return on assets (ROA): 0.61% ($1.8 mil)
Quarterly return on assets: 0.79% ($2.4 mil)
Return on Equity (ROE): 8.02% ($1.9 mil)
Quarterly return on equity: 10.22% ($2.5 mil)
Net income: $1.8 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 0.99% ($2,946.6 mil)
Quarterly Pretax return on assets: 1.32% ($3,928.8 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, 2011)

Dollar figures in thousands
59Total employees (full-time equivalent)
$297,634Total assets
$30,648Cash and due from depository institutions
$24,935Interest-bearing balances
$25,860Securities
$1,119Federal funds sold & reverse repurchase agreements
$222,280Net loans & leases
$3,148Loan loss allowance
$0Trading account assets
$5,868Bank premises and fixed assets
$132Other real estate owned
$183Goodwill and other intangibles
$297,634Life insurance assets
$11,544All other assets
$274,032Total liabilities and capital
$245,903Total liabilities
$204,953Total deposits
$245,903Interest-bearing deposits
$85Deposits held in domestic offices
1854.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$21,542Trading liabilities
$3,000Other borrowed funds
$1,733Subordinated debt
$23,602All other liabilities
$23,602Total equity capital
$23,602Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$6,000Surplus
$17,601Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,397Income earned, not collected on loans
$0Earning assets
$795Long-term assets (5+ years)
$274,194Average Assets, year-to-date
$84,978Average Assets, quarterly
$300,331Volatile liabilities
$300,138Insider loans
$185,750FHLB advances
$300,564Loans and leases held for sale
$3,894Unused loan commitments
$1,331Tier 1 (core) risk-based capital
$23,410Tier 2 risk-based capital
$0Total risk weighted assets
$2,563Total unused commitments
$24,473Restructured Loans and leases
$1,058Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$13,305Total interest income
$3,314Total interest expense
$9,991Net interest income
$303Provision for loan and lease losses
$1,381Total noninterest income
$0Fiduciary activities
$377Service charges on deposit accounts
$0Trading account gains & fees
$1,004Additional noninterest income
$8,188Total noninterest expense
$4,115Salaries and employee benefits
$1,079Premises and equipment expense
$2,994Additional noninterest expense
$2,881Pre-tax net operating income
$100Securities gains (losses)
$1,161Applicable income taxes
$1,820Income before extraordinary items
$0Extraordinary gains - net
$1,820Net income attributable to bank
$0Net charge-offs
$1,820Cash dividends
$230Sale, conversion, retirement of capital stock, net
$198Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.80%Yield on earning assets
1.20%Cost of funding earning assets
3.60%Net interest margin
0.50%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
0.58%Net operating income to assets
0.61%Return on assets (ROA)
0.99%Pretax return on assets
8.02%Return on equity (ROE)
7.14%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
131.74%Credit loss provision to net charge-offs
13.84%Efficiency ratio
71,245Assets per employee
5.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.88%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
131.33%Noncurrent assets plus other real estate owned to assets
0.85%Noncurrent loans to loans
1.06%Net loans and leases to deposits
90.39%Net loans and leases to core deposits
97.82%Equity capital to assets
7.93%Core capital (leverage) ratio
7.79%Tier 1 risk-based capital ratio
12.60%Total risk-based capital ratio
Memoranda
$15Average assets
$300,331Average earning assets
$22,705Average equity
$277,166Average loans

List of branches

6 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	35322	Beverly Co-Operative Bank	254 Cabot Street, Beverly, MA 1915	January 01, 1888	Full Service Brick and Mortar
2	259743	Beverly Branch	63 Dodge Street, Beverly, MA 1915	June 22, 1977	Full Service Brick and Mortar
3	259744	Enon Street Branch	48 Enon Street, Beverly, MA 1915	June 01, 1995	Full Service Brick and Mortar
4	364182	Cherry Hill Drive Branch	108 Cherry Hill Drive, Beverly, MA 1915	June 11, 2002	Limited Service Facility
5	423056	Electric Insurance Company Branch	152 Conant Street, Beverly, MA 1915	September 15, 2003	Limited Service Retail
6	429559	Salem Branch	73 Lafayette Street, Salem, MA 1970	May 27, 2004	Full Service Brick and Mortar

Beverly Co-operative Bank in Beverly, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Beverly Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Beverly Co-operative Bank in Beverly, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

Beverly Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Beverly Co-operative Bank in Beverly, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches