MetroWest Bank, National Association in Framingham, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 31, 2001

  • MetroWest Bank, National Association in Framingham, Massachusetts (MA)
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MetroWest Bank, National Association - Overview

  • General
  • FDIC Certificate #: 90199
    Status: Inactive
    Closing history: Name Change
    Acquiring institution: First Massachusetts Bank, National Association (#34136)
    Federal Reserve ID: 216100
    Date Established: April 23, 1883
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 18 (Interstate: No)
    OTS Docket #: 8279
    FDIC's unique #: 17790
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: November 15, 1985
    Last Structure Change Effective Date: October 31, 2001
    Last Structure Change Process Date: December 03, 2001
    Last Data Update: December 03, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 Park Street, Framingham, MA 1701
    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)
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
    Name Change
  • Financial Summary
  • Total assets: $956.9 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 213Total employees (full-time equivalent)
  • $881,952Total assets
  • $28,440Cash and due from depository institutions
  • $0Interest-bearing balances
  • $244,286Securities
  • $23,918Federal funds sold & reverse repurchase agreements
  • $561,177Net loans & leases
  • $8,488Loan loss allowance
  • $0Trading account assets
  • $7,564Bank premises and fixed assets
  • $1,210Other real estate owned
  • $79Goodwill and other intangibles
  • $0Life insurance assets
  • $15,278All other assets
  • $881,952Total liabilities and capital
  • $820,763Total liabilities
  • $697,830Total deposits
  • $613,498Interest-bearing deposits
  • $697,830Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $58,042Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $58,012Other borrowed funds
  • $0Subordinated debt
  • $6,879All other liabilities
  • $61,189Total equity capital
  • $61,189Total bank equity capital
  • $61,189Perpetual preferred stock
  • $0Common stock
  • $1,451Surplus
  • $28,555Undivided profits
  • Memoranda
  • $31,183Noncurrent loans and leases
  • $154,139Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $589Earning assets
  • $0Long-term assets (5+ years)
  • $3,554Average Assets, year-to-date
  • $829,381Average Assets, quarterly
  • $45,065Volatile liabilities
  • $825,526Insider loans
  • $873,060FHLB advances
  • $156,699Loans and leases held for sale
  • $891Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $499Total risk weighted assets
  • $154,139Total unused commitments
  • $0Restructured Loans and leases
  • $8,050Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $61,901Total interest income
  • $29,110Total interest expense
  • $32,791Net interest income
  • $1,000Provision for loan and lease losses
  • $2,680Total noninterest income
  • $0Fiduciary activities
  • $1,691Service charges on deposit accounts
  • $0Trading account gains & fees
  • $989Additional noninterest income
  • $20,024Total noninterest expense
  • $10,477Salaries and employee benefits
  • $3,687Premises and equipment expense
  • $5,860Additional noninterest expense
  • $14,447Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,102Applicable income taxes
  • $10,345Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,345Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,602Sale, conversion, retirement of capital stock, net
  • $4,017Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.94%Yield on earning assets
  • 3.73%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 17.93%Return on equity (ROE)
  • 10.96%Retained earnings to average equity (YTD only)
  • 0.84%Net charge-offs to loans
  • 21.73%Credit loss provision to net charge-offs
  • 3.36%Efficiency ratio
  • 56,204Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.83%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 1441.09%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 80.42%Net loans and leases to core deposits
  • 90.18%Equity capital to assets
  • 6.94%Core capital (leverage) ratio
  • 7.13%Tier 1 risk-based capital ratio
  • 9.52%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $825,526Average earning assets
  • $57,713Average equity
  • $779,787Average loans

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