FDIC Certificate #: 26512 Status: Active Federal Reserve ID: 157379 Date Established: January 01, 1923 WWW:http://www.methuencoop.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 #: 33214 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: January 23, 1986 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 243 Broadway, Methuen, MA 1844 County: Essex 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): Lawrence, MA-NH (#4160) 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: Peabody, MA (#37764)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $87.1 mil Equity capital: $8.5 mil Deposits held in domestic offices: $78.5 mil Return on assets (ROA): 0.04% ($0.0 mil) Quarterly return on assets: 0.31% ($0.3 mil) Return on Equity (ROE): 0.45% ($0.0 mil) Quarterly return on equity: 3.21% ($0.3 mil) Net income: $0.0 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.00% ($0.0 mil) Quarterly Pretax return on assets: 0.13% ($113.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
15Total employees (full-time equivalent)
$87,075Total assets
$16,992Cash and due from depository institutions
$10,878Interest-bearing balances
$11,634Securities
$1,490Federal funds sold & reverse repurchase agreements
$53,469Net loans & leases
$568Loan loss allowance
$0Trading account assets
$1,776Bank premises and fixed assets
$200Other real estate owned
$0Goodwill and other intangibles
$87,075Life insurance assets
$1,514All other assets
$78,577Total liabilities and capital
$78,515Total liabilities
$73,918Total deposits
$78,515Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$62Subordinated debt
$8,498All other liabilities
$8,498Total equity capital
$8,498Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$8,498Surplus
$0Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,517Income earned, not collected on loans
$0Earning assets
$312Long-term assets (5+ years)
$77,471Average Assets, year-to-date
$31,657Average Assets, quarterly
$85,769Volatile liabilities
$87,832Insider loans
$46,391FHLB advances
$87,581Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,498Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,530Restructured Loans and leases
$3,122Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,031Total interest income
$699Total interest expense
$2,332Net interest income
$90Provision for loan and lease losses
$101Total noninterest income
$0Fiduciary activities
$123Service charges on deposit accounts
$0Trading account gains & fees
-$22Additional noninterest income
$2,343Total noninterest expense
$1,267Salaries and employee benefits
$230Premises and equipment expense
$846Additional noninterest expense
$0Pre-tax net operating income
$0Securities gains (losses)
-$38Applicable income taxes
$38Income before extraordinary items
$0Extraordinary gains - net
$38Net income attributable to bank
$0Net charge-offs
$38Cash dividends
$30Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.99%Yield on earning assets
0.92%Cost of funding earning assets
3.07%Net interest margin
0.13%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
0.04%Net operating income to assets
0.04%Return on assets (ROA)
0.00%Pretax return on assets
0.45%Return on equity (ROE)
0.45%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
300.00%Credit loss provision to net charge-offs
3.00%Efficiency ratio
96,301Assets per employee
5.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
37.44%Noncurrent assets plus other real estate owned to assets
1.97%Noncurrent loans to loans
2.81%Net loans and leases to deposits
68.10%Net loans and leases to core deposits
71.59%Equity capital to assets
9.76%Core capital (leverage) ratio
9.70%Tier 1 risk-based capital ratio
18.32%Total risk-based capital ratio
Memoranda
$20Average assets
$85,769Average earning assets
$8,464Average equity
$76,048Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
33214
Methuen Co-Operative Bank
243 Broadway, Methuen, MA 1844
January 01, 1923
Full Service Brick and Mortar
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