Framingham Co-operative Bank in Framingham, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Framingham Co-operative Bank in Framingham, Massachusetts (MA)
  • Show street view No street view available for this location
Framingham Co-operative Bank routing number info

Framingham Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26395
    Status: Active
    Federal Reserve ID: 154770
    Date Established: January 01, 1889
    WWW: http://www.framinghambank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 4185
    FDIC's unique #: 33003
    Numeric code: 42
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 11, 1985
    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: 828 Concord Street, Framingham, MA 1701
    County: Middlesex
    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: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $398.5 mil
    Equity capital: $89.8 mil
    Deposits held in domestic offices: $303.8 mil
    Return on assets (ROA): 1.73% ($6.9 mil)
    Quarterly return on assets: 1.38% ($5.5 mil)
    Return on Equity (ROE): 8.00% ($7.2 mil)
    Quarterly return on equity: 6.23% ($5.6 mil)
    Net income: $6.8 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 2.46% ($9,803.0 mil)
    Quarterly Pretax return on assets: 2.17% ($8,647.3 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
  • 54Total employees (full-time equivalent)
  • $398,495Total assets
  • $29,977Cash and due from depository institutions
  • $29,269Interest-bearing balances
  • $33,858Securities
  • $1,227Federal funds sold & reverse repurchase agreements
  • $314,267Net loans & leases
  • $3,374Loan loss allowance
  • $0Trading account assets
  • $3,373Bank premises and fixed assets
  • $4,026Other real estate owned
  • $0Goodwill and other intangibles
  • $398,495Life insurance assets
  • $11,767All other assets
  • $308,704Total liabilities and capital
  • $303,771Total liabilities
  • $280,893Total deposits
  • $303,771Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $293Trading liabilities
  • $0Other borrowed funds
  • $4,640Subordinated debt
  • $89,791All other liabilities
  • $89,791Total equity capital
  • $89,791Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $87,078Surplus
  • $2,713Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,125Income earned, not collected on loans
  • $0Earning assets
  • $1,100Long-term assets (5+ years)
  • $378,621Average Assets, year-to-date
  • $30,353Average Assets, quarterly
  • $393,828Volatile liabilities
  • $400,794Insider loans
  • $321,482FHLB advances
  • $391,928Loans and leases held for sale
  • $6,127Unused loan commitments
  • $4,446Tier 1 (core) risk-based capital
  • $87,078Tier 2 risk-based capital
  • $1,681Total risk weighted assets
  • $0Total unused commitments
  • $61,573Restructured Loans and leases
  • $2,762Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,514Total interest income
  • $3,776Total interest expense
  • $15,738Net interest income
  • $2Provision for loan and lease losses
  • $2,686Total noninterest income
  • $0Fiduciary activities
  • $270Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,416Additional noninterest income
  • $8,926Total noninterest expense
  • $5,496Salaries and employee benefits
  • $648Premises and equipment expense
  • $2,782Additional noninterest expense
  • $9,496Pre-tax net operating income
  • $189Securities gains (losses)
  • $2,890Applicable income taxes
  • $6,795Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,795Net income attributable to bank
  • $0Net charge-offs
  • $6,795Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.69%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 2.46%Pretax return on assets
  • 8.00%Return on equity (ROE)
  • 8.00%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 25.00%Credit loss provision to net charge-offs
  • 1187.25%Efficiency ratio
  • 48,448Assets per employee
  • 7.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 47.35%Noncurrent assets plus other real estate owned to assets
  • 2.80%Noncurrent loans to loans
  • 2.24%Net loans and leases to deposits
  • 103.46%Net loans and leases to core deposits
  • 124.27%Equity capital to assets
  • 22.53%Core capital (leverage) ratio
  • 22.22%Tier 1 risk-based capital ratio
  • 27.09%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $393,828Average earning assets
  • $84,954Average equity
  • $372,587Average loans

List of branches

  • 2 Massachusetts Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    033003Framingham Co-Operative Bank828 Concord Street, Framingham, MA 1701January 01, 1889Full Service Brick and Mortar
    3259325Lincoln Street BranchOne Lincoln Street, Framingham, MA 1701June 09, 1997Full Service Brick and Mortar

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Framingham Co-operative Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents