FDIC Certificate #: 90187 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bridgewater Savings Bank (#90169) Federal Reserve ID: 182401 Date Established: March 08, 1870 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 12797 FDIC's unique #: 17778 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: November 20, 1985 Last Structure Change Effective Date: January 01, 2010 Last Structure Change Process Date: Febuary 03, 2010 Last Data Update: Febuary 03, 2010 Data Source Date: April 05, 2012
Location
Address: 29 Bedford 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: $139.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
26Total employees (full-time equivalent)
$139,566Total assets
$3,116Cash and due from depository institutions
$155Interest-bearing balances
$208Securities
$98,265Federal funds sold & reverse repurchase agreements
$32,142Net loans & leases
$366Loan loss allowance
$0Trading account assets
$1,287Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$1,535Life insurance assets
$4,548All other assets
$139,566Total liabilities and capital
$127,062Total liabilities
$86,894Total deposits
$77,760Interest-bearing deposits
$86,894Deposits held in domestic offices
96.31%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$38,500Other borrowed funds
$0Subordinated debt
$1,668All other liabilities
$12,504Total equity capital
$12,504Total bank equity capital
$12,504Perpetual preferred stock
$0Common stock
$0Surplus
$12,430Undivided profits
Memoranda
$74Noncurrent loans and leases
$2,851Noncurrent 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)
$96Average Assets, year-to-date
$130,770Average Assets, quarterly
$29,663Volatile liabilities
$137,460Insider loans
$138,960FHLB advances
$21,948Loans and leases held for sale
$777Unused loan commitments
$38,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,851Total unused commitments
$0Restructured Loans and leases
$366Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,262Total interest income
$2,698Total interest expense
$2,564Net interest income
$0Provision for loan and lease losses
$229Total noninterest income
$0Fiduciary activities
$94Service charges on deposit accounts
$0Trading account gains & fees
$135Additional noninterest income
$3,804Total noninterest expense
$2,117Salaries and employee benefits
$427Premises and equipment expense
$1,260Additional noninterest expense
-$1,011Pre-tax net operating income
$1,890Securities gains (losses)
$445Applicable income taxes
$434Income before extraordinary items
$0Extraordinary gains - net
$434Net income attributable to bank
$0Net charge-offs
$434Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.09%Yield on earning assets
2.10%Cost of funding earning assets
1.99%Net interest margin
0.18%Noninterest income to earning assets
2.96%Noninterest expense to earning assets
-0.56%Net operating income to assets
0.32%Return on assets (ROA)
0.64%Pretax return on assets
3.65%Return on equity (ROE)
3.65%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
136,198Assets per employee
5.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.13%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
36.99%Net loans and leases to core deposits
44.06%Equity capital to assets
8.96%Core capital (leverage) ratio
9.21%Tier 1 risk-based capital ratio
30.01%Total risk-based capital ratio
Memoranda
$31Average assets
$137,460Average earning assets
$11,877Average equity
$128,694Average loans
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