FDIC Certificate #: 26481 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Rockland Trust Company (#9712) Federal Reserve ID: 71671 Date Established: January 01, 1925 WWW:http://www.falmouthbank.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 4435 FDIC's unique #: 33147 Numeric code: 41 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: January 10, 1986 Last Structure Change Effective Date: July 17, 2004 Last Structure Change Process Date: September 02, 2004 Last Data Update: September 02, 2004 Data Source Date: April 05, 2012
Location
Address: 20 Davis Straits, Falmouth, MA 2540 County: Barnstable 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 Core Based Statistical Area (CBSA): Barnstable Town, MA (#12700) CBSA Metro Statistical Area: Barnstable Town, MA (#12700)
Financial Summary
Total assets: $154.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
39Total employees (full-time equivalent)
$158,451Total assets
$2,766Cash and due from depository institutions
$0Interest-bearing balances
$61,054Securities
$1,517Federal funds sold & reverse repurchase agreements
$87,665Net loans & leases
$761Loan loss allowance
$0Trading account assets
$1,997Bank premises and fixed assets
$0Other real estate owned
$574Goodwill and other intangibles
$0Life insurance assets
$2,878All other assets
$158,451Total liabilities and capital
$141,667Total liabilities
$138,841Total deposits
$116,771Interest-bearing deposits
$138,841Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,753Other borrowed funds
$0Subordinated debt
$73All other liabilities
$16,784Total equity capital
$16,784Total bank equity capital
$16,784Perpetual preferred stock
$0Common stock
$145Surplus
$5,308Undivided profits
Memoranda
$11,331Noncurrent loans and leases
$29,990Noncurrent 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)
$1,395Average Assets, year-to-date
$150,236Average Assets, quarterly
$36,008Volatile liabilities
$159,587Insider loans
$162,311FHLB advances
$11,820Loans and leases held for sale
$1,573Unused loan commitments
$2,562Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,990Total unused commitments
$0Restructured Loans and leases
$778Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$6,409Total interest income
$2,180Total interest expense
$4,229Net interest income
-$180Provision for loan and lease losses
$1,086Total noninterest income
$0Fiduciary activities
$209Service charges on deposit accounts
$0Trading account gains & fees
$877Additional noninterest income
$3,743Total noninterest expense
$1,895Salaries and employee benefits
$382Premises and equipment expense
$1,466Additional noninterest expense
$1,752Pre-tax net operating income
-$357Securities gains (losses)
$1,023Applicable income taxes
$372Income before extraordinary items
$0Extraordinary gains - net
$372Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.26%Yield on earning assets
1.45%Cost of funding earning assets
2.81%Net interest margin
0.72%Noninterest income to earning assets
2.49%Noninterest expense to earning assets
0.38%Net operating income to assets
0.23%Return on assets (ROA)
0.87%Pretax return on assets
2.32%Return on equity (ROE)
2.32%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
9000.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
70,423Assets per employee
4.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.86%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
63.14%Net loans and leases to core deposits
69.01%Equity capital to assets
10.59%Core capital (leverage) ratio
10.31%Tier 1 risk-based capital ratio
13.34%Total risk-based capital ratio
Memoranda
$14Average assets
$159,587Average earning assets
$16,054Average equity
$150,614Average loans
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