FDIC Certificate #: 26450 Status: Active Federal Reserve ID: 379470 Date Established: January 01, 1891 WWW:http://www.cantoncoopbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 5824 FDIC's unique #: 33098 Numeric code: 15 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: 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: Mortgage Lending Specialization Date of Deposit Insurance: December 05, 1985 Last Structure Change Effective Date: May 18, 2011 Last Structure Change Process Date: June 21, 2011 Last Data Update: June 21, 2011 Data Source Date: April 05, 2012
Location
Address: 671 Washington Street, Canton, MA 2021 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)
History of Changes
Change in Primary Regulatory Agency
Change in Supervisory Agency
Institution Becomes a Member of FRS (Federal Reserve System)
Financial Summary
Total assets: $101.4 mil Equity capital: $15.3 mil Deposits held in domestic offices: $84.7 mil Return on assets (ROA): 0.50% ($0.5 mil) Quarterly return on assets: 0.50% ($0.5 mil) Return on Equity (ROE): 3.24% ($0.5 mil) Quarterly return on equity: 3.29% ($0.5 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.84% ($851.6 mil) Quarterly Pretax return on assets: 0.84% ($851.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$101,383Total assets
$1,933Cash and due from depository institutions
$865Interest-bearing balances
$24,240Securities
$15,749Federal funds sold & reverse repurchase agreements
$54,747Net loans & leases
$612Loan loss allowance
$0Trading account assets
$942Bank premises and fixed assets
$0Other real estate owned
$34Goodwill and other intangibles
$101,383Life insurance assets
$3,738All other assets
$86,061Total liabilities and capital
$84,678Total liabilities
$82,767Total deposits
$84,678Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,250Trading liabilities
$0Other borrowed funds
$133Subordinated debt
$15,322All other liabilities
$15,322Total equity capital
$15,322Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$15,322Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$725Income earned, not collected on loans
$0Earning assets
$301Long-term assets (5+ years)
$95,601Average Assets, year-to-date
$51,480Average Assets, quarterly
$96,770Volatile liabilities
$100,752Insider loans
$49,802FHLB advances
$99,697Loans and leases held for sale
$1,733Unused loan commitments
$641Tier 1 (core) risk-based capital
$14,847Tier 2 risk-based capital
$1,092Total risk weighted assets
$0Total unused commitments
$9,837Restructured Loans and leases
$702Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,916Total interest income
$764Total interest expense
$3,152Net interest income
$170Provision for loan and lease losses
$217Total noninterest income
$0Fiduciary activities
$81Service charges on deposit accounts
$0Trading account gains & fees
$136Additional noninterest income
$2,394Total noninterest expense
$1,363Salaries and employee benefits
$164Premises and equipment expense
$867Additional noninterest expense
$805Pre-tax net operating income
$5Securities gains (losses)
$328Applicable income taxes
$482Income before extraordinary items
$0Extraordinary gains - net
$482Net income attributable to bank
$0Net charge-offs
$482Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.29%Yield on earning assets
0.84%Cost of funding earning assets
3.45%Net interest margin
0.24%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
0.49%Net operating income to assets
0.50%Return on assets (ROA)
0.84%Pretax return on assets
3.24%Return on equity (ROE)
3.24%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
71,060Assets per employee
6.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
84.41%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
1.31%Net loans and leases to deposits
64.65%Net loans and leases to core deposits
67.30%Equity capital to assets
15.11%Core capital (leverage) ratio
14.89%Tier 1 risk-based capital ratio
29.81%Total risk-based capital ratio
Memoranda
$31Average assets
$96,770Average earning assets
$14,858Average equity
$91,322Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
33098
Canton Co-Operative Bank
671 Washington Street, Canton, MA 2021
January 01, 1891
Full Service Brick and Mortar
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