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


  • Equitable Co-operative Bank in Lynn, Massachusetts (MA)
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Equitable Co-operative Bank routing number info

Equitable Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26453
    Status: Active
    Federal Reserve ID: 269478
    Date Established: January 01, 1877
    WWW: http://www.equitablebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 4616
    FDIC's unique #: 33101
    Numeric code: 42
    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: December 02, 1985
    Last Structure Change Effective Date: January 11, 2010
    Last Structure Change Process Date: January 11, 2010
    Last Data Update: January 11, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Broadway, Lynn, MA 1904
    County: Essex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North 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: Peabody, MA (#37764)
  • Financial Summary
  • Total assets: $101.4 mil
    Equity capital: $9.4 mil
    Deposits held in domestic offices: $79.2 mil
    Return on assets (ROA): 0.07% ($0.1 mil)
    Quarterly return on assets: 0.55% ($0.6 mil)
    Return on Equity (ROE): 0.74% ($0.1 mil)
    Quarterly return on equity: 5.90% ($0.5 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.08% ($81.1 mil)
    Quarterly Pretax return on assets: 0.57% ($578.2 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
  • 20Total employees (full-time equivalent)
  • $101,432Total assets
  • $2,696Cash and due from depository institutions
  • $648Interest-bearing balances
  • $22,392Securities
  • $700Federal funds sold & reverse repurchase agreements
  • $66,325Net loans & leases
  • $525Loan loss allowance
  • $0Trading account assets
  • $3,261Bank premises and fixed assets
  • $0Other real estate owned
  • $52Goodwill and other intangibles
  • $101,432Life insurance assets
  • $6,006All other assets
  • $92,048Total liabilities and capital
  • $79,161Total liabilities
  • $75,284Total deposits
  • $79,161Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,344Trading liabilities
  • $0Other borrowed funds
  • $543Subordinated debt
  • $9,384All other liabilities
  • $9,384Total equity capital
  • $9,384Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $9,284Surplus
  • $100Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $184Income earned, not collected on loans
  • $0Earning assets
  • $327Long-term assets (5+ years)
  • $90,065Average Assets, year-to-date
  • $62,187Average Assets, quarterly
  • $97,339Volatile liabilities
  • $100,385Insider loans
  • $59,415FHLB advances
  • $98,024Loans and leases held for sale
  • $3,320Unused loan commitments
  • $2,742Tier 1 (core) risk-based capital
  • $8,310Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $578Total unused commitments
  • $6,452Restructured Loans and leases
  • $966Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,884Total interest income
  • $899Total interest expense
  • $2,985Net interest income
  • $104Provision for loan and lease losses
  • $538Total noninterest income
  • $0Fiduciary activities
  • $79Service charges on deposit accounts
  • $0Trading account gains & fees
  • $459Additional noninterest income
  • $3,200Total noninterest expense
  • $1,649Salaries and employee benefits
  • $413Premises and equipment expense
  • $1,138Additional noninterest expense
  • $219Pre-tax net operating income
  • -$140Securities gains (losses)
  • $12Applicable income taxes
  • $67Income before extraordinary items
  • $0Extraordinary gains - net
  • $67Net income attributable to bank
  • $0Net charge-offs
  • $67Cash dividends
  • -$12Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • 0.19%Net operating income to assets
  • 0.07%Return on assets (ROA)
  • 0.08%Pretax return on assets
  • 0.74%Return on equity (ROE)
  • 0.74%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • -866.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 90,832Assets per employee
  • 5.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 285.33%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 83.78%Net loans and leases to core deposits
  • 87.09%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 13.99%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $97,339Average earning assets
  • $9,091Average equity
  • $85,537Average loans

List of branches

  • 2 Massachusetts Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    033101Equitable Co-Operative Bank400 Broadway, Lynn, MA 1904January 01, 1877Full Service Brick and Mortar
    3259443Nahant Branch28 Nahant Road, Nahant, MA 1908June 17, 1996Full Service Brick and Mortar

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