FDIC Certificate #: 26569 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Abington Savings Bank (#22051) Federal Reserve ID: 1016772 Date Established: January 01, 1908 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 5825 FDIC's unique #: 35269 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: Febuary 21, 1986 Last Structure Change Effective Date: September 13, 2002 Last Structure Change Process Date: October 03, 2002 Last Data Update: October 03, 2002 Data Source Date: April 05, 2012
Location
Address: 1442 Dorchester Avenue, Boston, MA 2122 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)
Financial Summary
Total assets: $123.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
39Total employees (full-time equivalent)
$120,995Total assets
$3,117Cash and due from depository institutions
$917Interest-bearing balances
$23,165Securities
$5,644Federal funds sold & reverse repurchase agreements
$82,896Net loans & leases
$698Loan loss allowance
$0Trading account assets
$4,000Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,173All other assets
$120,995Total liabilities and capital
$112,442Total liabilities
$101,542Total deposits
$90,513Interest-bearing deposits
$101,542Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,778Other borrowed funds
$0Subordinated debt
$2,122All other liabilities
$8,553Total equity capital
$8,553Total bank equity capital
$8,553Perpetual preferred stock
$0Common stock
$1Surplus
$8,136Undivided profits
Memoranda
$416Noncurrent loans and leases
$17,937Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$33Earning assets
$0Long-term assets (5+ years)
$625Average Assets, year-to-date
$112,622Average Assets, quarterly
$38,975Volatile liabilities
$117,783Insider loans
$122,070FHLB advances
$14,817Loans and leases held for sale
$86Unused loan commitments
$8,778Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,271Total risk weighted assets
$17,937Total unused commitments
$0Restructured Loans and leases
$698Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$7,981Total interest income
$4,156Total interest expense
$3,825Net interest income
-$127Provision for loan and lease losses
$1,122Total noninterest income
$0Fiduciary activities
$258Service charges on deposit accounts
$0Trading account gains & fees
$864Additional noninterest income
$3,764Total noninterest expense
$2,153Salaries and employee benefits
$459Premises and equipment expense
$1,152Additional noninterest expense
$1,310Pre-tax net operating income
-$33Securities gains (losses)
$566Applicable income taxes
$711Income before extraordinary items
$0Extraordinary gains - net
$711Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$60Sale, conversion, retirement of capital stock, net
$350Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.27%Yield on earning assets
3.79%Cost of funding earning assets
3.49%Net interest margin
1.02%Noninterest income to earning assets
3.43%Noninterest expense to earning assets
0.62%Net operating income to assets
0.60%Return on assets (ROA)
1.08%Pretax return on assets
8.41%Return on equity (ROE)
4.27%Retained earnings to average equity (YTD only)
-0.07%Net charge-offs to loans
211.67%Credit loss provision to net charge-offs
0.00%Efficiency ratio
76,087Assets per employee
3.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.23%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
2115.15%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.04%Net loans and leases to deposits
81.64%Net loans and leases to core deposits
92.18%Equity capital to assets
7.07%Core capital (leverage) ratio
7.28%Tier 1 risk-based capital ratio
11.80%Total risk-based capital ratio
Memoranda
$13Average assets
$117,783Average earning assets
$8,455Average equity
$109,740Average loans
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