Fleet Bank, National Association in Springfield, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1996

  • Fleet Bank, National Association in Springfield, Massachusetts (MA)
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Fleet Bank, National Association - Overview

  • General
  • FDIC Certificate #: 10424
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: Fleet National Bank (#2499)
    Federal Reserve ID: 762308
    Date Established: June 26, 1903
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 132 (Interstate: No)
    FDIC's unique #: 6662
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 1996
    Last Structure Change Process Date: April 11, 1996
    Last Data Update: April 11, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: One Monarch Place, Springfield, MA 1102
    County: Hampden
    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): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • History of Changes
  • Merger - Without Assistance
    Change NONGEOFLDOFF from Default
    Change in Location
  • Financial Summary
  • Total assets: $6,755.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,320Total assets
  • $7,321,413Cash and due from depository institutions
  • $735,902Interest-bearing balances
  • $18Securities
  • $2,452,512Federal funds sold & reverse repurchase agreements
  • $1,015,815Net loans & leases
  • $2,858,840Loan loss allowance
  • $80,076Trading account assets
  • $0Bank premises and fixed assets
  • $62,285Other real estate owned
  • $6,631Goodwill and other intangibles
  • $163,427Life insurance assets
  • $26,001All other assets
  • $0Total liabilities and capital
  • $7,321,413Total liabilities
  • $6,762,581Total deposits
  • $5,794,656Interest-bearing deposits
  • $4,173,850Deposits held in domestic offices
  • 5618274.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $762,986Trading liabilities
  • $0Other borrowed funds
  • $124,211Subordinated debt
  • $0All other liabilities
  • $80,728Total equity capital
  • $80,728Total bank equity capital
  • $558,832Perpetual preferred stock
  • $0Common stock
  • $15,000Surplus
  • $395,467Undivided profits
  • Memoranda
  • $148,365Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $49,549Income earned, not collected on loans
  • $21,784Earning assets
  • $6,327,185Long-term assets (5+ years)
  • $835,314Average Assets, year-to-date
  • $6,828,523Average Assets, quarterly
  • $6,961,146Volatile liabilities
  • $1,338,023Insider loans
  • $5,130FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,289,514Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $517,253Total risk weighted assets
  • $4,535,086Total unused commitments
  • $0Restructured Loans and leases
  • $2,193,283Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $455,931Total interest expense
  • $173,754Net interest income
  • $282,177Provision for loan and lease losses
  • $4,567Total noninterest income
  • $128,787Fiduciary activities
  • $45,492Service charges on deposit accounts
  • $47,152Trading account gains & fees
  • $436Additional noninterest income
  • $35,707Total noninterest expense
  • $289,915Salaries and employee benefits
  • $61,347Premises and equipment expense
  • $25,801Additional noninterest expense
  • $202,767Pre-tax net operating income
  • $116,482Securities gains (losses)
  • $1,702Applicable income taxes
  • $42,269Income before extraordinary items
  • $75,915Extraordinary gains - net
  • $0Net income attributable to bank
  • $75,915Net charge-offs
  • $22,932Cash dividends
  • $129,600Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.78%Cost of funding earning assets
  • 2.96%Net interest margin
  • 4.81%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • 4.95%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 1.73%Return on equity (ROE)
  • 13.65%Retained earnings to average equity (YTD only)
  • -9.65%Net charge-offs to loans
  • 0.75%Credit loss provision to net charge-offs
  • 19.92%Efficiency ratio
  • 68,009Assets per employee
  • 5.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 170.72%Loss allowance to loans
  • 2.72%Loss allowance to noncurrent loans
  • 161.61%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 49.34%Net loans and leases to core deposits
  • 53.50%Equity capital to assets
  • 7.63%Core capital (leverage) ratio
  • 7.68%Tier 1 risk-based capital ratio
  • 11.41%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $6,828,523Average earning assets
  • $556,127Average equity
  • $5,860,623Average loans

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