First Colonial Bank for Savings in city_name, state_name - Detailed Financial Reports, Location

First Colonial Bank for Savings in Lynn, Massachusetts (MA)
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First Colonial Bank for Savings - Overview

General
FDIC Certificate #: 23142
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Eastern Bank (#32773)
Federal Reserve ID: 933902
Date Established: May 15, 1855
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 9 (Interstate: No)
FDIC's unique #: 16213
Numeric code: 42
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: July 02, 1980
Last Structure Change Effective Date: October 12, 1993
Last Structure Change Process Date: November 22, 1993
Last Data Update: November 22, 1993
Data Source Date: April 05, 2012
Location
Address: 112 Market Street, Lynn, MA 1903
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: $414.4 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$182Total assets
$429,427Cash and due from depository institutions
$11,438Interest-bearing balances
$0Securities
$107,064Federal funds sold & reverse repurchase agreements
$7,191Net loans & leases
$280,512Loan loss allowance
$3,498Trading account assets
$0Bank premises and fixed assets
$4,090Other real estate owned
$11,432Goodwill and other intangibles
$6,036Life insurance assets
$1,664All other assets
$0Total liabilities and capital
$429,427Total liabilities
$395,635Total deposits
$392,089Interest-bearing deposits
$368,288Deposits held in domestic offices
392089.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,518Subordinated debt
$0All other liabilities
$2,028Total equity capital
$2,028Total bank equity capital
$33,792Perpetual preferred stock
$0Common stock
$0Surplus
$33,792Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,691Income earned, not collected on loans
$1,579Earning assets
$394,767Long-term assets (5+ years)
$105,714Average Assets, year-to-date
$432,634Average Assets, quarterly
$429,034Volatile liabilities
$14,515Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$38,041Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$32,128Total risk weighted assets
$247,172Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$31,986Total interest expense
$15,852Net interest income
$16,134Provision for loan and lease losses
$3,542Total noninterest income
$1,528Fiduciary activities
$0Service charges on deposit accounts
$650Trading account gains & fees
$0Additional noninterest income
$878Total noninterest expense
$15,629Salaries and employee benefits
$6,861Premises and equipment expense
$2,252Additional noninterest expense
$6,516Pre-tax net operating income
-$1,509Securities gains (losses)
$1,378Applicable income taxes
-$168Income before extraordinary items
$37Extraordinary gains - net
$2,384Net income attributable to bank
$2,421Net charge-offs
$4,058Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.03%Cost of funding earning assets
3.98%Net interest margin
4.05%Noninterest income to earning assets
0.38%Noninterest expense to earning assets
3.92%Net operating income to assets
-0.20%Return on assets (ROA)
0.56%Pretax return on assets
0.52%Return on equity (ROE)
7.52%Retained earnings to average equity (YTD only)
7.52%Net charge-offs to loans
1.44%Credit loss provision to net charge-offs
87.28%Efficiency ratio
87,901Assets per employee
2.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
52.28%Noncurrent assets plus other real estate owned to assets
4.22%Noncurrent loans to loans
2.36%Net loans and leases to deposits
71.54%Net loans and leases to core deposits
74.00%Equity capital to assets
7.87%Core capital (leverage) ratio
7.48%Tier 1 risk-based capital ratio
13.00%Total risk-based capital ratio
Memoranda
$14Average assets
$432,634Average earning assets
$32,190Average equity
$398,270Average loans

First Colonial Bank for Savings in Lynn, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Colonial Bank for Savings - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

First Colonial Bank for Savings in Lynn, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Colonial Bank for Savings - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

First Colonial Bank for Savings in Lynn, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches