FDIC Certificate #: 23468 Status: Active Federal Reserve ID: 1001705 Date Established: July 01, 1981 WWW:http://www.fmtc.fidelity.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 16446 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: July 01, 1981 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 82 Devonshire Street, Boston, MA 2109 County: Suffolk 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): 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: Boston-Quincy, MA (#14484)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $95.3 mil Equity capital: $41.9 mil Deposits held in domestic offices: $50.5 mil Return on assets (ROA): 11.84% ($11.2 mil) Quarterly return on assets: 10.75% ($10.2 mil) Return on Equity (ROE): 27.17% ($11.4 mil) Quarterly return on equity: 23.99% ($10.1 mil) Net income: $11.8 mil Quarterly Net income: $2.7 mil Pretax return on assets: 12.07% ($11,507.5 mil) Quarterly Pretax return on assets: 10.93% ($10,420.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
1Total employees (full-time equivalent)
$95,340Total assets
$0Cash and due from depository institutions
$0Interest-bearing balances
$68,369Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$95,340Life insurance assets
$26,971All other assets
$53,472Total liabilities and capital
$50,500Total liabilities
$50,500Total deposits
$50,500Interest-bearing deposits
$1Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,972Subordinated debt
$41,868All other liabilities
$41,868Total equity capital
$41,868Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$20,771Surplus
$20,097Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$1Long-term assets (5+ years)
$68,369Average Assets, year-to-date
$0Average Assets, quarterly
$99,768Volatile liabilities
$100,558Insider loans
$95,340FHLB advances
$101,839Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$41,868Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$9Total interest income
$288Total interest expense
-$279Net interest income
$0Provision for loan and lease losses
$186,125Total noninterest income
$186,125Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$173,806Total noninterest expense
$399Salaries and employee benefits
$0Premises and equipment expense
$173,407Additional noninterest expense
$12,040Pre-tax net operating income
$0Securities gains (losses)
$229Applicable income taxes
$11,811Income before extraordinary items
$0Extraordinary gains - net
$11,811Net income attributable to bank
$0Net charge-offs
$11,811Cash dividends
$0Sale, conversion, retirement of capital stock, net
$9,100Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.01%Yield on earning assets
0.40%Cost of funding earning assets
-0.39%Net interest margin
259.77%Noninterest income to earning assets
242.57%Noninterest expense to earning assets
11.84%Net operating income to assets
11.84%Return on assets (ROA)
12.07%Pretax return on assets
27.17%Return on equity (ROE)
6.24%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
93,522Assets per employee
95.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.05%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
43.91%Core capital (leverage) ratio
41.11%Tier 1 risk-based capital ratio
43.91%Total risk-based capital ratio
Memoranda
$44Average assets
$99,768Average earning assets
$43,472Average equity
$71,651Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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