Commonwealth Co-operative Bank in city_name, state_name - Detailed Financial Reports, Location

Commonwealth Co-operative Bank in Hyde Park, Massachusetts (MA)
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Commonwealth Co-operative Bank - Overview

General
FDIC Certificate #: 29842
Status: Active
Federal Reserve ID: 275479
Date Established: January 01, 1886
WWW: http://www.commonwealthcoop.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 4186
FDIC's unique #: 42676
Numeric code: 36
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: July 31, 1986
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 1172 River St, Hyde Park, MA 2136
County: Suffolk
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
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
Financial Summary
Total assets: $176.2 mil
Equity capital: $19.4 mil
Deposits held in domestic offices: $108.1 mil
Return on assets (ROA): 0.55% ($1.0 mil)
Quarterly return on assets: 0.66% ($1.2 mil)
Return on Equity (ROE): 5.48% ($1.0 mil)
Quarterly return on equity: 6.19% ($1.2 mil)
Net income: $1.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.84% ($1,480.1 mil)
Quarterly Pretax return on assets: 1.02% ($1,797.3 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
27Total employees (full-time equivalent)
$176,204Total assets
$10,931Cash and due from depository institutions
$9,739Interest-bearing balances
$36,584Securities
$0Federal funds sold & reverse repurchase agreements
$117,956Net loans & leases
$752Loan loss allowance
$0Trading account assets
$1,042Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$176,204Life insurance assets
$9,691All other assets
$156,789Total liabilities and capital
$108,145Total liabilities
$96,562Total deposits
$108,145Interest-bearing deposits
$79Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$46,670Trading liabilities
$0Other borrowed funds
$1,974Subordinated debt
$19,415All other liabilities
$19,415Total equity capital
$19,415Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$19,415Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,260Income earned, not collected on loans
$0Earning assets
$621Long-term assets (5+ years)
$164,279Average Assets, year-to-date
$0Average Assets, quarterly
$183,942Volatile liabilities
$180,792Insider loans
$99,920FHLB advances
$174,465Loans and leases held for sale
$3,233Unused loan commitments
$0Tier 1 (core) risk-based capital
$17,920Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$15,882Restructured Loans and leases
$541Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,947Total interest income
$2,380Total interest expense
$5,567Net interest income
$15Provision for loan and lease losses
$453Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$453Additional noninterest income
$4,503Total noninterest expense
$2,884Salaries and employee benefits
$893Premises and equipment expense
$726Additional noninterest expense
$1,502Pre-tax net operating income
$38Securities gains (losses)
$525Applicable income taxes
$1,015Income before extraordinary items
$0Extraordinary gains - net
$1,015Net income attributable to bank
$0Net charge-offs
$1,015Cash dividends
$33Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.64%Yield on earning assets
1.39%Cost of funding earning assets
3.25%Net interest margin
0.26%Noninterest income to earning assets
2.63%Noninterest expense to earning assets
0.54%Net operating income to assets
0.55%Return on assets (ROA)
0.84%Pretax return on assets
5.48%Return on equity (ROE)
5.48%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
45.45%Credit loss provision to net charge-offs
45.97%Efficiency ratio
74,801Assets per employee
6.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.63%Loss allowance to noncurrent loans
59.68%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
1.06%Net loans and leases to deposits
109.07%Net loans and leases to core deposits
134.29%Equity capital to assets
11.02%Core capital (leverage) ratio
10.27%Tier 1 risk-based capital ratio
17.93%Total risk-based capital ratio
Memoranda
$19Average assets
$183,942Average earning assets
$18,537Average equity
$171,299Average loans

List of branches

3 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	42676	Commonwealth Co-Operative Bank	1172 River St, Hyde Park, MA 2136	January 01, 1886	Full Service Brick and Mortar
102	357521	Jamaica Plain Branch	733 Centre Street, Jamaica Plain, MA 2130	August 08, 2000	Full Service Brick and Mortar
103	35298	Boston Branch	2 Center Plaza, Boston, MA 2108	January 01, 1927	Full Service Brick and Mortar

Commonwealth Co-operative Bank in Hyde Park, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Commonwealth Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Commonwealth Co-operative Bank in Hyde Park, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

Commonwealth Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Commonwealth Co-operative Bank in Hyde Park, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches