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

This bank is inactive as of June 20, 1994

City Co-operative Bank in Holyoke, Massachusetts (MA)
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City Co-operative Bank - Overview

General
FDIC Certificate #: 26482
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Bank (#26486)
Federal Reserve ID: 941475
Date Established: January 01, 1889
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 10518
FDIC's unique #: 33148
Numeric code: 42
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 13, 1986
Last Structure Change Effective Date: June 20, 1994
Last Structure Change Process Date: July 05, 1994
Last Data Update: July 05, 1994
Data Source Date: April 05, 2012
Location
Address: 300 High Street, Holyoke, MA 1040
County: Hampden
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Springfield Ma
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Springfield, MA (#8000)
Core Based Statistical Area (CBSA): Springfield, MA (#44140)
CBSA Metro Statistical Area: Springfield, MA (#44140)
Financial Summary
Total assets: $22.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$22,408Cash and due from depository institutions
$333Interest-bearing balances
$8Securities
$950Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$19,815Loan loss allowance
$286Trading account assets
$0Bank premises and fixed assets
$1,059Other real estate owned
$0Goodwill and other intangibles
$251Life insurance assets
$0All other assets
$0Total liabilities and capital
$22,408Total liabilities
$21,242Total deposits
$20,331Interest-bearing deposits
$19,687Deposits held in domestic offices
20331.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$900Subordinated debt
$0All other liabilities
$11Total equity capital
$11Total bank equity capital
$1,166Perpetual preferred stock
$0Common stock
$0Surplus
$1,166Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$276Income earned, not collected on loans
$91Earning assets
$20,773Long-term assets (5+ years)
$7,715Average Assets, year-to-date
$23,118Average Assets, quarterly
$23,320Volatile liabilities
$2,440Insider loans
$1,663FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$217Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,166Total risk weighted assets
$13,490Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,734Total interest expense
$805Net interest income
$929Provision for loan and lease losses
$348Total noninterest income
$37Fiduciary activities
$0Service charges on deposit accounts
$26Trading account gains & fees
$0Additional noninterest income
$11Total noninterest expense
$619Salaries and employee benefits
$282Premises and equipment expense
$34Additional noninterest expense
$303Pre-tax net operating income
-$1Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
-$1Extraordinary gains - net
$0Net income attributable to bank
-$1Net charge-offs
$195Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.88%Cost of funding earning assets
3.66%Net interest margin
4.22%Noninterest income to earning assets
0.17%Noninterest expense to earning assets
2.81%Net operating income to assets
-0.00%Return on assets (ROA)
-0.00%Pretax return on assets
-0.00%Return on equity (ROE)
-0.08%Retained earnings to average equity (YTD only)
-0.08%Net charge-offs to loans
0.97%Credit loss provision to net charge-offs
178.46%Efficiency ratio
64,079Assets per employee
3.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
103.62%Noncurrent assets plus other real estate owned to assets
1.23%Noncurrent loans to loans
1.37%Net loans and leases to deposits
97.46%Net loans and leases to core deposits
105.45%Equity capital to assets
5.20%Core capital (leverage) ratio
4.94%Tier 1 risk-based capital ratio
8.64%Total risk-based capital ratio
Memoranda
$10Average assets
$23,118Average earning assets
$1,198Average equity
$21,994Average loans

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