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

This bank is inactive as of July 21, 1997

  • Glendale Co-operative Bank in Everett, Massachusetts (MA)
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Glendale Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26571
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MassBank (#22089)
    Federal Reserve ID: 171478
    Date Established: January 01, 1928
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 6563
    FDIC's unique #: 35271
    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: March 03, 1986
    Last Structure Change Effective Date: July 21, 1997
    Last Structure Change Process Date: August 13, 1997
    Last Data Update: August 13, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 738 Broadway, Everett, MA 2149
    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)
  • Financial Summary
  • Total assets: $35.8 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)
  • $10Total assets
  • $36,812Cash and due from depository institutions
  • $440Interest-bearing balances
  • $153Securities
  • $19,420Federal funds sold & reverse repurchase agreements
  • $1,650Net loans & leases
  • $14,653Loan loss allowance
  • $105Trading account assets
  • $0Bank premises and fixed assets
  • $373Other real estate owned
  • $0Goodwill and other intangibles
  • $276Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $36,812Total liabilities
  • $30,787Total deposits
  • $30,740Interest-bearing deposits
  • $30,470Deposits held in domestic offices
  • 30740.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $47Total equity capital
  • $47Total bank equity capital
  • $6,025Perpetual preferred stock
  • $0Common stock
  • $2,052Surplus
  • $3,894Undivided profits
  • Memoranda
  • $79Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $83Earning assets
  • $35,876Long-term assets (5+ years)
  • $12,893Average Assets, year-to-date
  • $36,773Average Assets, quarterly
  • $36,843Volatile liabilities
  • $2,489Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $814Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,053Total risk weighted assets
  • $15,142Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,628Total interest expense
  • $1,213Net interest income
  • $1,415Provision for loan and lease losses
  • $0Total noninterest income
  • $82Fiduciary activities
  • $0Service charges on deposit accounts
  • $57Trading account gains & fees
  • $0Additional noninterest income
  • $25Total noninterest expense
  • $1,079Salaries and employee benefits
  • $607Premises and equipment expense
  • $111Additional noninterest expense
  • $361Pre-tax net operating income
  • $418Securities gains (losses)
  • $70Applicable income taxes
  • $201Income before extraordinary items
  • $287Extraordinary gains - net
  • $0Net income attributable to bank
  • $287Net charge-offs
  • $0Cash dividends
  • $0Sale, 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
  • 7.33%Cost of funding earning assets
  • 3.38%Net interest margin
  • 3.95%Noninterest income to earning assets
  • 0.23%Noninterest expense to earning assets
  • 3.01%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 1.33%Return on equity (ROE)
  • 4.87%Retained earnings to average equity (YTD only)
  • 4.87%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 72,077Assets per employee
  • 3.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.71%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 47.67%Net loans and leases to core deposits
  • 51.87%Equity capital to assets
  • 16.37%Core capital (leverage) ratio
  • 16.35%Tier 1 risk-based capital ratio
  • 39.98%Total risk-based capital ratio
  • Memoranda
  • $41Average assets
  • $36,773Average earning assets
  • $5,891Average equity
  • $35,838Average loans

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