Lexington Savings Bank in Lexington, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 13, 1998

  • Lexington Savings Bank in Lexington, Massachusetts (MA)
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Lexington Savings Bank - Overview

  • General
  • FDIC Certificate #: 90225
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: USTrust (#17971)
    Federal Reserve ID: 794907
    Date Established: March 11, 1871
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 8440
    FDIC's unique #: 17815
    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: August 22, 1985
    Last Structure Change Effective Date: November 13, 1998
    Last Structure Change Process Date: December 03, 1998
    Last Data Update: December 03, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1776 Massachusetts Avenue, Lexington, MA 2173
    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: $504.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 102Total employees (full-time equivalent)
  • $533,724Total assets
  • $13,440Cash and due from depository institutions
  • $2,579Interest-bearing balances
  • $150,035Securities
  • $1,397Federal funds sold & reverse repurchase agreements
  • $359,007Net loans & leases
  • $3,288Loan loss allowance
  • $0Trading account assets
  • $2,686Bank premises and fixed assets
  • $0Other real estate owned
  • $681Goodwill and other intangibles
  • $0Life insurance assets
  • $6,478All other assets
  • $533,724Total liabilities and capital
  • $486,651Total liabilities
  • $329,504Total deposits
  • $294,009Interest-bearing deposits
  • $329,504Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,562Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $150,924Other borrowed funds
  • $0Subordinated debt
  • $4,661All other liabilities
  • $47,073Total equity capital
  • $47,073Total bank equity capital
  • $47,073Perpetual preferred stock
  • $0Common stock
  • $715Surplus
  • $20,463Undivided profits
  • Memoranda
  • $25,895Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,601Earning assets
  • $0Long-term assets (5+ years)
  • $1,781Average Assets, year-to-date
  • $513,018Average Assets, quarterly
  • $118,499Volatile liabilities
  • $521,020Insider loans
  • $536,293FHLB advances
  • $183,942Loans and leases held for sale
  • $1,341Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,955Total risk weighted assets
  • $64,659Total unused commitments
  • $0Restructured Loans and leases
  • $327,291Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $38,198Total interest income
  • $21,099Total interest expense
  • $17,099Net interest income
  • $783Provision for loan and lease losses
  • $1,491Total noninterest income
  • $0Fiduciary activities
  • $620Service charges on deposit accounts
  • $0Trading account gains & fees
  • $871Additional noninterest income
  • $8,767Total noninterest expense
  • $5,542Salaries and employee benefits
  • $1,101Premises and equipment expense
  • $2,124Additional noninterest expense
  • $9,040Pre-tax net operating income
  • $95Securities gains (losses)
  • $3,216Applicable income taxes
  • $5,919Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,919Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $144Sale, conversion, retirement of capital stock, net
  • $1,840Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.62%Yield on earning assets
  • 4.21%Cost of funding earning assets
  • 3.41%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 1.75%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 13.39%Return on equity (ROE)
  • 9.22%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 543.75%Credit loss provision to net charge-offs
  • 68.22%Efficiency ratio
  • 46,649Assets per employee
  • 5.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.09%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 126.41%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 108.95%Net loans and leases to core deposits
  • 131.82%Equity capital to assets
  • 8.82%Core capital (leverage) ratio
  • 8.58%Tier 1 risk-based capital ratio
  • 13.98%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $521,020Average earning assets
  • $44,220Average equity
  • $501,150Average loans

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