FDIC Certificate #: 26572 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Brookline Bank (#17798) Federal Reserve ID: 67777 Date Established: January 01, 1886 WWW:http://www.medfordcoopbank.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 8508 FDIC's unique #: 35272 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 28, 1986 Last Structure Change Effective Date: January 07, 2005 Last Structure Change Process Date: January 25, 2005 Last Data Update: January 25, 2005 Data Source Date: April 05, 2012
Location
Address: 60 High Street, Medford, MA 2155 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: $435.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
91Total employees (full-time equivalent)
$435,174Total assets
$8,354Cash and due from depository institutions
$1,722Interest-bearing balances
$68,191Securities
$0Federal funds sold & reverse repurchase agreements
$344,226Net loans & leases
$2,770Loan loss allowance
$0Trading account assets
$4,409Bank premises and fixed assets
$1,532Other real estate owned
$297Goodwill and other intangibles
$0Life insurance assets
$8,165All other assets
$435,174Total liabilities and capital
$398,302Total liabilities
$327,278Total deposits
$296,788Interest-bearing deposits
$327,278Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$69,442Other borrowed funds
$0Subordinated debt
$1,582All other liabilities
$36,872Total equity capital
$36,872Total bank equity capital
$36,872Perpetual preferred stock
$0Common stock
$500Surplus
$34,162Undivided profits
Memoranda
$2,210Noncurrent loans and leases
$108,029Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$509Earning assets
$0Long-term assets (5+ years)
$1,617Average Assets, year-to-date
$414,139Average Assets, quarterly
$140,389Volatile liabilities
$433,463Insider loans
$435,842FHLB advances
$104,964Loans and leases held for sale
$7,377Unused loan commitments
$69,442Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$108,029Total unused commitments
$0Restructured Loans and leases
$2,964Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$21,588Total interest income
$7,170Total interest expense
$14,418Net interest income
$425Provision for loan and lease losses
$1,120Total noninterest income
$0Fiduciary activities
$697Service charges on deposit accounts
$0Trading account gains & fees
$423Additional noninterest income
$11,647Total noninterest expense
$6,946Salaries and employee benefits
$1,504Premises and equipment expense
$3,197Additional noninterest expense
$3,466Pre-tax net operating income
$341Securities gains (losses)
$1,307Applicable income taxes
$2,500Income before extraordinary items
$0Extraordinary gains - net
$2,500Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$411Sale, conversion, retirement of capital stock, net
$1,008Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.24%Yield on earning assets
1.74%Cost of funding earning assets
3.50%Net interest margin
0.27%Noninterest income to earning assets
2.83%Noninterest expense to earning assets
0.52%Net operating income to assets
0.58%Return on assets (ROA)
0.88%Pretax return on assets
6.89%Return on equity (ROE)
4.11%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
103.41%Credit loss provision to net charge-offs
9.47%Efficiency ratio
74,958Assets per employee
4.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.32%Loss allowance to loans
0.80%Loss allowance to noncurrent loans
544.20%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.15%Net loans and leases to deposits
105.18%Net loans and leases to core deposits
126.45%Equity capital to assets
8.47%Core capital (leverage) ratio
8.52%Tier 1 risk-based capital ratio
13.11%Total risk-based capital ratio
Memoranda
$14Average assets
$433,463Average earning assets
$36,277Average equity
$412,105Average loans
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