FDIC Certificate #: 26943 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Benjamin Franklin Bank (#90200) Federal Reserve ID: 51972 Date Established: May 31, 1986 WWW:http://www.chartbank.net Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 14092 FDIC's unique #: 36343 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: April 14, 1987 Last Structure Change Effective Date: April 04, 2005 Last Structure Change Process Date: April 22, 2005 Last Data Update: April 22, 2005 Data Source Date: April 05, 2012
Location
Address: 75 Moody Street, Waltham, MA 2451 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: $260.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
44Total employees (full-time equivalent)
$258,570Total assets
$10,225Cash and due from depository institutions
$0Interest-bearing balances
$36,279Securities
$3,342Federal funds sold & reverse repurchase agreements
$176,511Net loans & leases
$1,783Loan loss allowance
$0Trading account assets
$2,123Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$30,090All other assets
$258,570Total liabilities and capital
$240,806Total liabilities
$209,073Total deposits
$174,724Interest-bearing deposits
$209,073Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$31,000Other borrowed funds
$0Subordinated debt
$733All other liabilities
$17,764Total equity capital
$17,764Total bank equity capital
$17,764Perpetual preferred stock
$0Common stock
$1,420Surplus
$11,575Undivided profits
Memoranda
$4,769Noncurrent loans and leases
$28,114Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$288Earning assets
$0Long-term assets (5+ years)
$878Average Assets, year-to-date
$216,132Average Assets, quarterly
$7,240Volatile liabilities
$239,672Insider loans
$257,681FHLB advances
$66,630Loans and leases held for sale
$0Unused loan commitments
$31,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$28,114Total unused commitments
$0Restructured Loans and leases
$1,813Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$11,135Total interest income
$3,778Total interest expense
$7,357Net interest income
$120Provision for loan and lease losses
$2,545Total noninterest income
$0Fiduciary activities
$306Service charges on deposit accounts
$0Trading account gains & fees
$2,239Additional noninterest income
$7,910Total noninterest expense
$3,747Salaries and employee benefits
$1,235Premises and equipment expense
$2,928Additional noninterest expense
$1,872Pre-tax net operating income
$67Securities gains (losses)
$955Applicable income taxes
$984Income before extraordinary items
$0Extraordinary gains - net
$984Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$6Sale, conversion, retirement of capital stock, net
$596Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.59%Yield on earning assets
1.90%Cost of funding earning assets
3.70%Net interest margin
1.28%Noninterest income to earning assets
3.97%Noninterest expense to earning assets
0.39%Net operating income to assets
0.41%Return on assets (ROA)
0.81%Pretax return on assets
5.60%Return on equity (ROE)
2.21%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-2000.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
79,883Assets per employee
5.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.57%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
619.10%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.16%Net loans and leases to deposits
84.43%Net loans and leases to core deposits
104.79%Equity capital to assets
6.87%Core capital (leverage) ratio
6.90%Tier 1 risk-based capital ratio
10.80%Total risk-based capital ratio
Memoranda
$12Average assets
$239,672Average earning assets
$17,577Average equity
$199,095Average loans
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