Fidelity Co-operative Bank in city_name, state_name - Detailed Financial Reports, Location

Fidelity Co-operative Bank in Fitchburg, Massachusetts (MA)
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Fidelity Co-operative Bank routing number info

Fidelity Co-operative Bank - Overview

General
FDIC Certificate #: 26451
Status: Active
Federal Reserve ID: 933377
Bank Holding Company (Regulatory Top Holder): Fidelity Mutual Holding Company (RSSDID: 3454220, Location: Fitchburg, MA)
Date Established: January 01, 1888
WWW: http://www.fidelitybankonline.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 2284
FDIC's unique #: 33099
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: Commercial Lending Specialization
Date of Deposit Insurance: December 06, 1985
Last Structure Change Effective Date: October 24, 2006
Last Structure Change Process Date: October 24, 2006
Last Data Update: October 24, 2006
Data Source Date: April 05, 2012
Location
Address: 675 Main Street, Fitchburg, MA 1420
County: Worcester
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Springfield Ma
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Fitchburg-Leominster, MA (#2600)
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): Worcester, MA (#49340)
CBSA Metro Statistical Area: Worcester, MA (#49340)
Financial Summary
Total assets: $517.5 mil
Equity capital: $42.3 mil
Deposits held in domestic offices: $398.9 mil
Return on assets (ROA): 0.50% ($2.6 mil)
Quarterly return on assets: 0.59% ($3.1 mil)
Return on Equity (ROE): 6.50% ($2.7 mil)
Quarterly return on equity: 7.33% ($3.1 mil)
Net income: $2.6 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 0.69% ($3,570.9 mil)
Quarterly Pretax return on assets: 0.83% ($4,295.4 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
109Total employees (full-time equivalent)
$517,519Total assets
$40,133Cash and due from depository institutions
$30,284Interest-bearing balances
$88,077Securities
$0Federal funds sold & reverse repurchase agreements
$352,407Net loans & leases
$4,111Loan loss allowance
$0Trading account assets
$12,224Bank premises and fixed assets
$1,031Other real estate owned
$1,374Goodwill and other intangibles
$517,519Life insurance assets
$22,273All other assets
$475,262Total liabilities and capital
$398,919Total liabilities
$377,577Total deposits
$398,919Interest-bearing deposits
$72Deposits held in domestic offices
3000.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$67,800Trading liabilities
$0Other borrowed funds
$5,543Subordinated debt
$42,257All other liabilities
$42,257Total equity capital
$42,257Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$40,907Surplus
$1,349Undivided profits
Memoranda
$0Noncurrent loans and leases
$5,549Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,671Income earned, not collected on loans
$0Earning assets
$2,172Long-term assets (5+ years)
$470,768Average Assets, year-to-date
$276,405Average Assets, quarterly
$520,613Volatile liabilities
$520,417Insider loans
$300,864FHLB advances
$515,302Loans and leases held for sale
$9,581Unused loan commitments
$4,751Tier 1 (core) risk-based capital
$40,429Tier 2 risk-based capital
$0Total risk weighted assets
$4,830Total unused commitments
$73,353Restructured Loans and leases
$1,589Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$22,400Total interest income
$4,417Total interest expense
$17,983Net interest income
$2,429Provision for loan and lease losses
$3,413Total noninterest income
$0Fiduciary activities
$812Service charges on deposit accounts
$0Trading account gains & fees
$2,601Additional noninterest income
$15,921Total noninterest expense
$8,266Salaries and employee benefits
$1,776Premises and equipment expense
$5,879Additional noninterest expense
$3,046Pre-tax net operating income
$531Securities gains (losses)
$949Applicable income taxes
$2,628Income before extraordinary items
$0Extraordinary gains - net
$2,628Net income attributable to bank
$0Net charge-offs
$2,628Cash dividends
$2,738Sale, conversion, retirement of capital stock, net
$377Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.72%Yield on earning assets
0.93%Cost of funding earning assets
3.79%Net interest margin
0.72%Noninterest income to earning assets
3.36%Noninterest expense to earning assets
0.43%Net operating income to assets
0.50%Return on assets (ROA)
0.69%Pretax return on assets
6.50%Return on equity (ROE)
5.57%Retained earnings to average equity (YTD only)
0.78%Net charge-offs to loans
88.71%Credit loss provision to net charge-offs
2.00%Efficiency ratio
74,411Assets per employee
4.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.35%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
88.01%Noncurrent assets plus other real estate owned to assets
1.10%Noncurrent loans to loans
1.31%Net loans and leases to deposits
88.34%Net loans and leases to core deposits
94.14%Equity capital to assets
8.17%Core capital (leverage) ratio
7.85%Tier 1 risk-based capital ratio
13.44%Total risk-based capital ratio
Memoranda
$15Average assets
$520,613Average earning assets
$40,416Average equity
$474,344Average loans

List of branches

8 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	33099	Fidelity Co-Operative Bank	675 Main Street, Fitchburg, MA 1420	January 01, 1888	Full Service Brick and Mortar
2	259438	Leominster Branch	29 Main Street, Leominster, MA 1453	September 25, 1969	Full Service Brick and Mortar
3	259439	Millbury Branch	97 Elm Street, Millbury, MA 1527	November 01, 1976	Full Service Brick and Mortar
4	259440	Gardner Branch	330 Main Street, Gardner, MA 1440	April 17, 1984	Full Service Brick and Mortar
5	33086	Shirley Branch	21 Main Street, Shirley, MA 1464	January 01, 1908	Full Service Brick and Mortar
7	433923	Worcester Branch	465 Shrewsbury Street, Worcester, MA 1604	November 01, 2004	Full Service Brick and Mortar
8	458839	Leominster Connector Branch	9 Leominster Connector, Leominster, MA 1453	January 16, 2007	Full Service Brick and Mortar
9	493064	Www.Fideltybankdirect.com Branch	9 Leominster Connector, Leominster, MA 1453	Febuary 02, 2009	Full Service Cyber

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

Fidelity Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Fidelity Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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