Citizens Bank of Massachusetts in Plymouth, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 13, 1993

  • Citizens Bank of Massachusetts in Plymouth, Massachusetts (MA)
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Citizens Bank of Massachusetts - Overview

  • General
  • FDIC Certificate #: 23285
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank of Massachusetts (#18562)
    Federal Reserve ID: 770004
    Date Established: Febuary 10, 1832
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 8371
    FDIC's unique #: 16318
    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: January 02, 1981
    Last Structure Change Effective Date: October 13, 1993
    Last Structure Change Process Date: October 25, 1993
    Last Data Update: October 25, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 North Park Avenue, Plymouth, MA 2360
    County: Plymouth
    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: $484.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $162Total assets
  • $472,767Cash and due from depository institutions
  • $13,570Interest-bearing balances
  • $6,974Securities
  • $49,650Federal funds sold & reverse repurchase agreements
  • $6,890Net loans & leases
  • $378,497Loan loss allowance
  • $5,357Trading account assets
  • $0Bank premises and fixed assets
  • $4,840Other real estate owned
  • $6,775Goodwill and other intangibles
  • $5,645Life insurance assets
  • $6,900All other assets
  • $0Total liabilities and capital
  • $472,767Total liabilities
  • $441,128Total deposits
  • $416,852Interest-bearing deposits
  • $401,897Deposits held in domestic offices
  • 416852.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $20,330Subordinated debt
  • $0All other liabilities
  • $3,946Total equity capital
  • $3,946Total bank equity capital
  • $31,639Perpetual preferred stock
  • $0Common stock
  • $230Surplus
  • $16,898Undivided profits
  • Memoranda
  • $14,511Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,359Income earned, not collected on loans
  • $1,915Earning assets
  • $442,011Long-term assets (5+ years)
  • $114,201Average Assets, year-to-date
  • $359,214Average Assets, quarterly
  • $471,211Volatile liabilities
  • $43,197Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $922Unused loan commitments
  • $29,977Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $26,746Total risk weighted assets
  • $288,329Total unused commitments
  • $0Restructured Loans and leases
  • $5,000Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $27,556Total interest expense
  • $14,253Net interest income
  • $13,303Provision for loan and lease losses
  • $1,413Total noninterest income
  • $1,230Fiduciary activities
  • $0Service charges on deposit accounts
  • $613Trading account gains & fees
  • $0Additional noninterest income
  • $617Total noninterest expense
  • $8,455Salaries and employee benefits
  • $3,816Premises and equipment expense
  • $1,024Additional noninterest expense
  • $3,615Pre-tax net operating income
  • $4,665Securities gains (losses)
  • $92Applicable income taxes
  • $2,028Income before extraordinary items
  • $2,729Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,729Net charge-offs
  • $1,457Cash dividends
  • $1,239Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.13%Cost of funding earning assets
  • 4.20%Net interest margin
  • 3.92%Noninterest income to earning assets
  • 0.36%Noninterest expense to earning assets
  • 2.49%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 1.32%Return on equity (ROE)
  • 8.86%Retained earnings to average equity (YTD only)
  • 4.84%Net charge-offs to loans
  • 0.50%Credit loss provision to net charge-offs
  • 96.98%Efficiency ratio
  • 57,435Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.40%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 227.09%Noncurrent assets plus other real estate owned to assets
  • 1.93%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 90.80%Net loans and leases to core deposits
  • 96.07%Equity capital to assets
  • 6.69%Core capital (leverage) ratio
  • 5.69%Tier 1 risk-based capital ratio
  • 9.28%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $359,214Average earning assets
  • $30,784Average equity
  • $338,964Average loans

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