FDIC Certificate #: 28511 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:TD Bank, National Association (#18409) Federal Reserve ID: 355371 Date Established: January 01, 1888 WWW:http://www.bfsb.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1744 FDIC's unique #: 41345 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: January 03, 1938 Last Structure Change Effective Date: January 21, 2005 Last Structure Change Process Date: Febuary 03, 2005 Last Data Update: Febuary 03, 2005 Data Source Date: April 05, 2012
Location
Address: 17 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: 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: Cambridge-Newton-Framingham, MA (#15764)
Financial Summary
Total assets: $1,545.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
348Total employees (full-time equivalent)
$1,545,461Total assets
$26,236Cash and due from depository institutions
$2,202Interest-bearing balances
$173,618Securities
$0Federal funds sold & reverse repurchase agreements
$1,233,173Net loans & leases
$14,687Loan loss allowance
$0Trading account assets
$18,050Bank premises and fixed assets
$3,287Other real estate owned
$23,258Goodwill and other intangibles
$26,694Life insurance assets
$67,839All other assets
$1,545,461Total liabilities and capital
$1,423,323Total liabilities
$1,070,241Total deposits
$989,919Interest-bearing deposits
$1,070,241Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$349,107Other borrowed funds
$0Subordinated debt
$3,975All other liabilities
$122,138Total equity capital
$122,138Total bank equity capital
$122,138Perpetual preferred stock
$0Common stock
$1Surplus
$60,188Undivided profits
Memoranda
$61,949Noncurrent loans and leases
$200,661Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,818Earning assets
$0Long-term assets (5+ years)
$5,611Average Assets, year-to-date
$1,408,993Average Assets, quarterly
$0Volatile liabilities
$1,656,600Insider loans
$1,614,752FHLB advances
$638,320Loans and leases held for sale
$1,201Unused loan commitments
$349,107Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$200,661Total unused commitments
$3,292Restructured Loans and leases
$12,241Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$75,702Total interest income
$34,690Total interest expense
$41,012Net interest income
$1,927Provision for loan and lease losses
$6,328Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$6,328Additional noninterest income
$46,673Total noninterest expense
$27,678Salaries and employee benefits
$7,224Premises and equipment expense
$11,771Additional noninterest expense
-$1,260Pre-tax net operating income
$4,735Securities gains (losses)
$1,889Applicable income taxes
$1,586Income before extraordinary items
$0Extraordinary gains - net
$1,586Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,114Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
2.28%Cost of funding earning assets
2.70%Net interest margin
0.42%Noninterest income to earning assets
3.07%Noninterest expense to earning assets
-0.09%Net operating income to assets
0.10%Return on assets (ROA)
0.21%Pretax return on assets
1.34%Return on equity (ROE)
1.34%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
172.98%Credit loss provision to net charge-offs
0.60%Efficiency ratio
95,955Assets per employee
4.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
304.84%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.39%Net loans and leases to deposits
115.22%Net loans and leases to core deposits
157.89%Equity capital to assets
7.90%Core capital (leverage) ratio
6.89%Tier 1 risk-based capital ratio
10.79%Total risk-based capital ratio
Memoranda
$12Average assets
$1,656,600Average earning assets
$118,624Average equity
$1,518,478Average loans
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