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

This bank is inactive as of June 03, 1994

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

  • General
  • FDIC Certificate #: 26597
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Abington Savings Bank (#22051)
    Federal Reserve ID: 270773
    Date Established: January 01, 1955
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 35318
    Numeric code: 41
    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 19, 1986
    Last Structure Change Effective Date: June 03, 1994
    Last Structure Change Process Date: June 17, 1994
    Last Data Update: June 17, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 523 Nantasket Avenue, Hull, MA 2045
    County: Plymouth
    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)
  • Financial Summary
  • Total assets: $37.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $13Total assets
  • $38,804Cash and due from depository institutions
  • $1,995Interest-bearing balances
  • $0Securities
  • $8,763Federal funds sold & reverse repurchase agreements
  • $945Net loans & leases
  • $26,098Loan loss allowance
  • $469Trading account assets
  • $0Bank premises and fixed assets
  • $337Other real estate owned
  • $278Goodwill and other intangibles
  • $388Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $38,804Total liabilities
  • $34,720Total deposits
  • $34,641Interest-bearing deposits
  • $33,704Deposits held in domestic offices
  • 34641.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $79Total equity capital
  • $79Total bank equity capital
  • $4,084Perpetual preferred stock
  • $0Common stock
  • $280Surplus
  • $2,109Undivided profits
  • Memoranda
  • $1,695Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $812Income earned, not collected on loans
  • $155Earning assets
  • $35,806Long-term assets (5+ years)
  • $7,502Average Assets, year-to-date
  • $38,823Average Assets, quarterly
  • $38,992Volatile liabilities
  • $947Insider loans
  • $1,391FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,042Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,084Total risk weighted assets
  • $20,909Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,757Total interest expense
  • $1,131Net interest income
  • $1,626Provision for loan and lease losses
  • $52Total noninterest income
  • $113Fiduciary activities
  • $0Service charges on deposit accounts
  • $46Trading account gains & fees
  • $0Additional noninterest income
  • $67Total noninterest expense
  • $1,086Salaries and employee benefits
  • $425Premises and equipment expense
  • $196Additional noninterest expense
  • $465Pre-tax net operating income
  • $601Securities gains (losses)
  • $48Applicable income taxes
  • $274Income before extraordinary items
  • $375Extraordinary gains - net
  • $135Net income attributable to bank
  • $510Net charge-offs
  • $89Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.77%Cost of funding earning assets
  • 3.19%Net interest margin
  • 4.58%Noninterest income to earning assets
  • 0.32%Noninterest expense to earning assets
  • 3.06%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 2.02%Return on equity (ROE)
  • 13.22%Retained earnings to average equity (YTD only)
  • 13.22%Net charge-offs to loans
  • 0.33%Credit loss provision to net charge-offs
  • 58.43%Efficiency ratio
  • 62,450Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 57.76%Noncurrent assets plus other real estate owned to assets
  • 2.81%Noncurrent loans to loans
  • 3.06%Net loans and leases to deposits
  • 75.34%Net loans and leases to core deposits
  • 77.46%Equity capital to assets
  • 10.52%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 19.53%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $38,823Average earning assets
  • $3,858Average equity
  • $35,475Average loans

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