FDIC Certificate #: 26661 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:S-Bank (#26575) Federal Reserve ID: 955874 Date Established: January 01, 1913 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 35394 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: May 01, 1986 Last Structure Change Effective Date: August 09, 1999 Last Structure Change Process Date: August 20, 1999 Last Data Update: August 20, 1999 Data Source Date: April 05, 2012
Location
Address: 6 Central Street, East Bridgewater, MA 2333 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): Brockton, MA (#1200) 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: $11.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
7Total employees (full-time equivalent)
$10,801Total assets
$790Cash and due from depository institutions
$0Interest-bearing balances
$1,539Securities
$1,375Federal funds sold & reverse repurchase agreements
$6,939Net loans & leases
$93Loan loss allowance
$0Trading account assets
$114Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$44All other assets
$10,801Total liabilities and capital
$10,117Total liabilities
$10,107Total deposits
$9,563Interest-bearing deposits
$10,107Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$10All other liabilities
$684Total equity capital
$684Total bank equity capital
$684Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$684Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$40Earning assets
$0Long-term assets (5+ years)
$25Average Assets, year-to-date
$9,853Average Assets, quarterly
$1,659Volatile liabilities
$10,005Insider loans
$10,589FHLB advances
$630Loans and leases held for sale
$490Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$442Total unused commitments
$0Restructured Loans and leases
$6,136Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$662Total interest income
$284Total interest expense
$378Net interest income
$1Provision for loan and lease losses
$20Total noninterest income
$0Fiduciary activities
$12Service charges on deposit accounts
$0Trading account gains & fees
$8Additional noninterest income
$376Total noninterest expense
$217Salaries and employee benefits
$61Premises and equipment expense
$98Additional noninterest expense
$21Pre-tax net operating income
$0Securities gains (losses)
$11Applicable income taxes
$10Income before extraordinary items
$0Extraordinary gains - net
$10Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$7Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.20%Yield on earning assets
3.09%Cost of funding earning assets
4.11%Net interest margin
0.22%Noninterest income to earning assets
4.09%Noninterest expense to earning assets
0.10%Net operating income to assets
0.10%Return on assets (ROA)
0.21%Pretax return on assets
1.48%Return on equity (ROE)
1.48%Retained earnings to average equity (YTD only)
-0.10%Net charge-offs to loans
-14.29%Credit loss provision to net charge-offs
0.00%Efficiency ratio
94,472Assets per employee
1.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
232.50%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.57%Net loans and leases to deposits
68.66%Net loans and leases to core deposits
73.22%Equity capital to assets
6.33%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$10,005Average earning assets
$677Average equity
$9,197Average loans
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