First Trade Union Bank in city_name, state_name - Detailed Financial Reports, Location

First Trade Union Bank in Boston, Massachusetts (MA), NY, RI
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First Trade Union Bank - Overview

General
FDIC Certificate #: 32551
Status: Active
Federal Reserve ID: 264772
Date Established: August 26, 1987
WWW: http://www.ftub.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 6 (Domestic: 6, Interstate: Yes)
OTS Docket #: 8433
FDIC's unique #: 45385
Numeric code: 33
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: August 26, 1987
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 1 Harbor St, Ste 102, Boston, MA 2210
County: Suffolk
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: Boston-Quincy, MA (#14484)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $607.6 mil
Equity capital: $55.5 mil
Deposits held in domestic offices: $473.6 mil
Return on assets (ROA): 0.18% ($1.1 mil)
Quarterly return on assets: 0.01% ($0.1 mil)
Return on Equity (ROE): 2.05% ($1.1 mil)
Quarterly return on equity: 0.12% ($0.1 mil)
Net income: $1.1 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.26% ($1,579.7 mil)
Quarterly Pretax return on assets: 0.21% ($1,275.9 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
73Total employees (full-time equivalent)
$607,559Total assets
$68,718Cash and due from depository institutions
$67,096Interest-bearing balances
$120,885Securities
$0Federal funds sold & reverse repurchase agreements
$381,208Net loans & leases
$7,062Loan loss allowance
$0Trading account assets
$3,826Bank premises and fixed assets
$575Other real estate owned
$1Goodwill and other intangibles
$607,559Life insurance assets
$32,346All other assets
$552,080Total liabilities and capital
$473,632Total liabilities
$400,400Total deposits
$473,632Interest-bearing deposits
$64Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$72,361Trading liabilities
$0Other borrowed funds
$6,087Subordinated debt
$55,479All other liabilities
$55,479Total equity capital
$55,479Total bank equity capital
$0Perpetual preferred stock
$348Common stock
$58,088Surplus
$-2,957Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$9,990Income earned, not collected on loans
$0Earning assets
$1,906Long-term assets (5+ years)
$569,189Average Assets, year-to-date
$0Average Assets, quarterly
$611,890Volatile liabilities
$607,303Insider loans
$359,328FHLB advances
$603,216Loans and leases held for sale
$13,757Unused loan commitments
$0Tier 1 (core) risk-based capital
$51,136Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$26,323Restructured Loans and leases
$46Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$25,163Total interest income
$6,992Total interest expense
$18,171Net interest income
$2,169Provision for loan and lease losses
$1,091Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,091Additional noninterest income
$15,513Total noninterest expense
$7,710Salaries and employee benefits
$2,061Premises and equipment expense
$5,742Additional noninterest expense
$1,580Pre-tax net operating income
$34Securities gains (losses)
$496Applicable income taxes
$1,118Income before extraordinary items
$0Extraordinary gains - net
$1,118Net income attributable to bank
$0Net charge-offs
$1,118Cash dividends
$4,179Sale, conversion, retirement of capital stock, net
$22Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.42%Yield on earning assets
1.23%Cost of funding earning assets
3.19%Net interest margin
0.19%Noninterest income to earning assets
2.72%Noninterest expense to earning assets
0.18%Net operating income to assets
0.18%Return on assets (ROA)
0.26%Pretax return on assets
2.05%Return on equity (ROE)
2.01%Retained earnings to average equity (YTD only)
1.05%Net charge-offs to loans
51.90%Credit loss provision to net charge-offs
0.90%Efficiency ratio
80,537Assets per employee
8.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
1.97%Loss allowance to loans
1.82%Loss allowance to noncurrent loans
70.69%Noncurrent assets plus other real estate owned to assets
1.74%Noncurrent loans to loans
2.57%Net loans and leases to deposits
80.49%Net loans and leases to core deposits
89.03%Equity capital to assets
9.13%Core capital (leverage) ratio
8.48%Tier 1 risk-based capital ratio
14.23%Total risk-based capital ratio
Memoranda
$15Average assets
$611,890Average earning assets
$54,405Average equity
$569,368Average loans

List of branches

3 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	45385	First Trade Union Bank	1 Harbor St, Ste 102, Boston, MA 2210	August 26, 1987	Full Service Brick and Mortar
102	461736	East Broadway Branch	753 East Broadway, Boston, MA 2210	October 23, 2001	Full Service Brick and Mortar
105	518114	Dorchester Ave Branch	750 Dorchester Ave, Boston, MA 2125	Febuary 22, 2010	Full Service Brick and Mortar

2 New York Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
103	461737	Motor Parkway Branch	270 Motor Parkway, Hauppauge, NY 11788	May 10, 2006	Full Service Brick and Mortar
104	518113	Lakevill Rd Branch	2020 Lakeville Rd, New Hyde Park, NY 11040	March 24, 2010	Full Service Brick and Mortar

1 Rhode Island Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
101	356465	14 Jefferson Avenue Branch	14 Jefferson Avenue, Warwick, RI 2888	Febuary 16, 1999	Full Service Brick and Mortar

First Trade Union Bank in Boston, Massachusetts (MA), NY, RI
Overview, Financial Summary, Detailed Financial Reports, Branches

First Trade Union 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:

First Trade Union Bank in Boston, Massachusetts (MA), NY, RIOverview, Financial Summary, Detailed Financial Reports, Branches

First Trade Union 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:

First Trade Union Bank in Boston, Massachusetts (MA), NY, RI
Overview, Financial Summary, Detailed Financial Reports, Branches