First National Bank of the Berkshires in city_name, state_name

First National Bank of the Berkshires in Lee, Massachusetts (MA)
Show street view No street view available for this location

First National Bank of the Berkshires - Overview

General
FDIC Certificate #: 2597
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Legacy Banks (#90265)
Federal Reserve ID: 914004
Date Established: January 01, 1835
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 9187
FDIC's unique #: 1685
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 05, 1997
Last Structure Change Process Date: December 18, 1997
Last Data Update: December 20, 1997
Data Source Date: April 05, 2012
Location
Address: 76 Park Street, Lee, MA 1238
County: Berkshire
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): Pittsfield, MA (#6320)
Core Based Statistical Area (CBSA): Pittsfield, MA (#38340)
CBSA Metro Statistical Area: Pittsfield, MA (#38340)
Financial Summary
Total assets: $63.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$37Total assets
$60,346Cash and due from depository institutions
$3,881Interest-bearing balances
$1,927Securities
$6,934Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$46,687Loan loss allowance
$592Trading account assets
$0Bank premises and fixed assets
$1,037Other real estate owned
$877Goodwill and other intangibles
$930Life insurance assets
$0All other assets
$0Total liabilities and capital
$60,346Total liabilities
$54,698Total deposits
$48,984Interest-bearing deposits
$38,596Deposits held in domestic offices
48984.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$1,244Trading liabilities
$0Other borrowed funds
$3,800Subordinated debt
$0All other liabilities
$670Total equity capital
$670Total bank equity capital
$5,648Perpetual preferred stock
$0Common stock
$440Surplus
$2,193Undivided profits
Memoranda
$3,015Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$490Income earned, not collected on loans
$382Earning assets
$55,548Long-term assets (5+ years)
$2,608Average Assets, year-to-date
$61,685Average Assets, quarterly
$60,955Volatile liabilities
$5,182Insider loans
$699FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,687Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,649Total risk weighted assets
$36,039Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$4,676Total interest expense
$2,079Net interest income
$2,597Provision for loan and lease losses
$61Total noninterest income
$433Fiduciary activities
$0Service charges on deposit accounts
$130Trading account gains & fees
$0Additional noninterest income
$303Total noninterest expense
$2,162Salaries and employee benefits
$1,227Premises and equipment expense
$182Additional noninterest expense
$753Pre-tax net operating income
$807Securities gains (losses)
-$79Applicable income taxes
$239Income before extraordinary items
$489Extraordinary gains - net
$0Net income attributable to bank
$489Net charge-offs
$15Cash dividends
$148Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.21%Cost of funding earning assets
3.65%Net interest margin
4.56%Noninterest income to earning assets
0.76%Noninterest expense to earning assets
3.80%Net operating income to assets
0.88%Return on assets (ROA)
0.79%Pretax return on assets
1.18%Return on equity (ROE)
8.88%Retained earnings to average equity (YTD only)
6.19%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
406.67%Efficiency ratio
71,353Assets per employee
1.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.27%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
120.82%Noncurrent assets plus other real estate owned to assets
2.27%Noncurrent loans to loans
1.04%Net loans and leases to deposits
95.31%Net loans and leases to core deposits
100.30%Equity capital to assets
9.36%Core capital (leverage) ratio
9.19%Tier 1 risk-based capital ratio
15.67%Total risk-based capital ratio
Memoranda
$17Average assets
$61,685Average earning assets
$5,506Average equity
$56,944Average loans

First National Bank of the Berkshires in Lee, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of the Berkshires - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First National Bank of the Berkshires in Lee, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of the Berkshires - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First National Bank of the Berkshires in Lee, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches