FDIC Certificate #: 26715 Status: Active Federal Reserve ID: 272870 Date Established: January 01, 1914 WWW:http://www.meetinghousebank.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 35792 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: July 14, 1986 Last Structure Change Effective Date: March 07, 2007 Last Structure Change Process Date: June 17, 2008 Last Data Update: June 17, 2008 Data Source Date: April 05, 2012
Location
Address: 2250 Dorchester Avenue, Boston, MA 2124 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
Name Change
Financial Summary
Total assets: $68.6 mil Equity capital: $5.2 mil Deposits held in domestic offices: $63.2 mil Return on assets (ROA): 0.31% ($0.2 mil) Quarterly return on assets: 0.59% ($0.4 mil) Return on Equity (ROE): 3.95% ($0.2 mil) Quarterly return on equity: 7.63% ($0.4 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.55% ($377.5 mil) Quarterly Pretax return on assets: 1.11% ($761.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
21Total employees (full-time equivalent)
$68,633Total assets
$10,266Cash and due from depository institutions
$7,686Interest-bearing balances
$5,612Securities
$4,360Federal funds sold & reverse repurchase agreements
$45,272Net loans & leases
$330Loan loss allowance
$0Trading account assets
$1,168Bank premises and fixed assets
$500Other real estate owned
$0Goodwill and other intangibles
$68,633Life insurance assets
$1,455All other assets
$63,413Total liabilities and capital
$63,231Total liabilities
$52,385Total deposits
$63,231Interest-bearing deposits
$84Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$182Subordinated debt
$5,220All other liabilities
$5,220Total equity capital
$5,220Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$4,541Surplus
$679Undivided profits
Memoranda
$0Noncurrent loans and leases
$3,082Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$24Income earned, not collected on loans
$0Earning assets
$164Long-term assets (5+ years)
$62,930Average Assets, year-to-date
$11,192Average Assets, quarterly
$65,042Volatile liabilities
$67,418Insider loans
$37,535FHLB advances
$64,889Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,081Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,680Restructured Loans and leases
$203Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,692Total interest income
$639Total interest expense
$2,053Net interest income
$16Provision for loan and lease losses
$1,249Total noninterest income
$0Fiduciary activities
$284Service charges on deposit accounts
$0Trading account gains & fees
$965Additional noninterest income
$2,927Total noninterest expense
$1,834Salaries and employee benefits
$173Premises and equipment expense
$920Additional noninterest expense
$359Pre-tax net operating income
$0Securities gains (losses)
$157Applicable income taxes
$202Income before extraordinary items
$0Extraordinary gains - net
$202Net income attributable to bank
$0Net charge-offs
$202Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.54%Yield on earning assets
1.08%Cost of funding earning assets
3.46%Net interest margin
2.11%Noninterest income to earning assets
4.94%Noninterest expense to earning assets
0.31%Net operating income to assets
0.31%Return on assets (ROA)
0.55%Pretax return on assets
3.95%Return on equity (ROE)
3.95%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
88,643Assets per employee
3.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.72%Loss allowance to noncurrent loans
1375.00%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
0.05%Net loans and leases to deposits
71.60%Net loans and leases to core deposits
90.16%Equity capital to assets
7.61%Core capital (leverage) ratio
7.83%Tier 1 risk-based capital ratio
13.54%Total risk-based capital ratio
Memoranda
$14Average assets
$65,042Average earning assets
$5,113Average equity
$59,260Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
35792
Meetinghouse Bank
2250 Dorchester Avenue, Boston, MA 2124
January 01, 1914
Full Service Brick and Mortar
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