FDIC Certificate #: 27232 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Needham Bank (#26483) Federal Reserve ID: 162878 Date Established: January 01, 1886 WWW:http://www.dedhambank.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 1932 FDIC's unique #: 39166 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 21, 1988 Last Structure Change Effective Date: March 30, 2007 Last Structure Change Process Date: April 03, 2007 Last Data Update: April 03, 2007 Data Source Date: April 05, 2012
Location
Address: 402 Washington Street, Dedham, MA 2026 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)
Financial Summary
Total assets: $85.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
12Total employees (full-time equivalent)
$85,326Total assets
$1,026Cash and due from depository institutions
$139Interest-bearing balances
$25,034Securities
$5,118Federal funds sold & reverse repurchase agreements
$49,781Net loans & leases
$329Loan loss allowance
$0Trading account assets
$116Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$2,468Life insurance assets
$4,251All other assets
$85,326Total liabilities and capital
$72,268Total liabilities
$62,491Total deposits
$61,613Interest-bearing deposits
$62,491Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,524Other borrowed funds
$0Subordinated debt
$253All other liabilities
$13,058Total equity capital
$13,058Total bank equity capital
$13,058Perpetual preferred stock
$0Common stock
$0Surplus
$13,023Undivided profits
Memoranda
$35Noncurrent loans and leases
$3,342Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$415Average Assets, year-to-date
$80,072Average Assets, quarterly
$21,499Volatile liabilities
$87,074Insider loans
$86,128FHLB advances
$19,625Loans and leases held for sale
$375Unused loan commitments
$9,524Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,342Total unused commitments
$0Restructured Loans and leases
$329Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$4,129Total interest income
$2,316Total interest expense
$1,813Net interest income
$24Provision for loan and lease losses
$125Total noninterest income
$0Fiduciary activities
$8Service charges on deposit accounts
$0Trading account gains & fees
$117Additional noninterest income
$1,617Total noninterest expense
$1,130Salaries and employee benefits
$92Premises and equipment expense
$395Additional noninterest expense
$297Pre-tax net operating income
-$34Securities gains (losses)
$49Applicable income taxes
$214Income before extraordinary items
$0Extraordinary gains - net
$214Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.09%Yield on earning assets
2.85%Cost of funding earning assets
2.23%Net interest margin
0.15%Noninterest income to earning assets
1.99%Noninterest expense to earning assets
0.28%Net operating income to assets
0.25%Return on assets (ROA)
0.30%Pretax return on assets
1.67%Return on equity (ROE)
1.67%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
83,437Assets per employee
7.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.66%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
79.66%Net loans and leases to core deposits
99.83%Equity capital to assets
15.30%Core capital (leverage) ratio
15.30%Tier 1 risk-based capital ratio
30.18%Total risk-based capital ratio
Memoranda
$31Average assets
$87,074Average earning assets
$12,826Average equity
$81,197Average loans
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