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

This bank is inactive as of January 02, 1997

  • Greater Boston Bank A Co-operative Bank in Boston, Massachusetts (MA)
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Greater Boston Bank A Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 29851
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Grove Bank (#23465)
    Federal Reserve ID: 335579
    Date Established: January 01, 1911
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4204
    FDIC's unique #: 42685
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 10, 1986
    Last Structure Change Effective Date: January 02, 1997
    Last Structure Change Process Date: January 23, 1997
    Last Data Update: January 23, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 414 Washington Street, Boston, MA 2135
    County: Suffolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South 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
  • Merger - Without Assistance
    Participated in Reorganization
    Corrections
  • Financial Summary
  • Total assets: $158.1 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)
  • $53Total assets
  • $158,148Cash and due from depository institutions
  • $3,404Interest-bearing balances
  • $854Securities
  • $20,304Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $128,635Loan loss allowance
  • $2,987Trading account assets
  • $0Bank premises and fixed assets
  • $1,626Other real estate owned
  • $281Goodwill and other intangibles
  • $3,898Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $158,148Total liabilities
  • $145,259Total deposits
  • $138,036Interest-bearing deposits
  • $138,036Deposits held in domestic offices
  • 138036.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $6,471Subordinated debt
  • $0All other liabilities
  • $752Total equity capital
  • $752Total bank equity capital
  • $12,889Perpetual preferred stock
  • $0Common stock
  • $6Surplus
  • $6,396Undivided profits
  • Memoranda
  • $6,487Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $594Earning assets
  • $149,793Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $157,838Average Assets, quarterly
  • $161,619Volatile liabilities
  • $33,774Insider loans
  • $763FHLB advances
  • $6,471Loans and leases held for sale
  • $0Unused loan commitments
  • $8,405Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,279Total risk weighted assets
  • $85,821Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,368Total interest expense
  • $5,571Net interest income
  • $6,797Provision for loan and lease losses
  • $50Total noninterest income
  • $1,281Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,281Total noninterest expense
  • $7,717Salaries and employee benefits
  • $3,999Premises and equipment expense
  • $1,040Additional noninterest expense
  • $2,678Pre-tax net operating income
  • $311Securities gains (losses)
  • $0Applicable income taxes
  • -$1,104Income before extraordinary items
  • $1,415Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,415Net charge-offs
  • $960Cash dividends
  • $43Sale, 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
  • 8.35%Cost of funding earning assets
  • 3.76%Net interest margin
  • 4.59%Noninterest income to earning assets
  • 0.87%Noninterest expense to earning assets
  • 5.21%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 0.90%Pretax return on assets
  • 0.20%Return on equity (ROE)
  • 11.39%Retained earnings to average equity (YTD only)
  • 11.05%Net charge-offs to loans
  • 0.77%Credit loss provision to net charge-offs
  • 5.21%Efficiency ratio
  • 95,531Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 3.04%Loss allowance to loans
  • 2.27%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 93.19%Net loans and leases to core deposits
  • 116.17%Equity capital to assets
  • 8.15%Core capital (leverage) ratio
  • 7.79%Tier 1 risk-based capital ratio
  • 14.31%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $157,838Average earning assets
  • $12,421Average equity
  • $148,079Average loans

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