Milford Co-operative Bank in Milford, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 02, 1996

  • Milford Co-operative Bank in Milford, New Hampshire (NH)
  • Show street view No street view available for this location

Milford Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 28602
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CFX Bank (#17991)
    Federal Reserve ID: 332372
    Date Established: January 01, 1890
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1933
    FDIC's unique #: 41436
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 30, 1953
    Last Structure Change Effective Date: July 02, 1996
    Last Structure Change Process Date: July 25, 1996
    Last Data Update: July 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: South Street, Milford, NH 3055
    County: Hillsborough
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Nashua, NH (#5350)
    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): Manchester-Nashua, NH (#31700)
    CBSA Metro Statistical Area: Manchester-Nashua, NH (#31700)
  • Financial Summary
  • Total assets: $164.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $53Total assets
  • $157,066Cash and due from depository institutions
  • $15,469Interest-bearing balances
  • $13,148Securities
  • $68,855Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $67,615Loan loss allowance
  • $409Trading account assets
  • $0Bank premises and fixed assets
  • $2,067Other real estate owned
  • $11Goodwill and other intangibles
  • $3,049Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $157,066Total liabilities
  • $141,374Total deposits
  • $138,977Interest-bearing deposits
  • $129,971Deposits held in domestic offices
  • 138977.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $0All other liabilities
  • $397Total equity capital
  • $397Total bank equity capital
  • $15,692Perpetual preferred stock
  • $0Common stock
  • $660Surplus
  • $6,636Undivided profits
  • Memoranda
  • $8,396Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $470Income earned, not collected on loans
  • $597Earning assets
  • $149,618Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $153,772Average Assets, quarterly
  • $156,743Volatile liabilities
  • $20,195Insider loans
  • $282FHLB advances
  • $2,000Loans and leases held for sale
  • $0Unused loan commitments
  • $6,156Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,547Total risk weighted assets
  • $59,123Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,361Total interest expense
  • $5,029Net interest income
  • $5,332Provision for loan and lease losses
  • $113Total noninterest income
  • $776Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $776Total noninterest expense
  • $3,820Salaries and employee benefits
  • $1,895Premises and equipment expense
  • $835Additional noninterest expense
  • $1,090Pre-tax net operating income
  • $2,175Securities gains (losses)
  • $45Applicable income taxes
  • $680Income before extraordinary items
  • $1,540Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,540Net charge-offs
  • $130Cash dividends
  • $428Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.06%Cost of funding earning assets
  • 3.43%Net interest margin
  • 3.63%Noninterest income to earning assets
  • 0.53%Noninterest expense to earning assets
  • 2.60%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 1.44%Return on equity (ROE)
  • 10.39%Retained earnings to average equity (YTD only)
  • 7.50%Net charge-offs to loans
  • 0.21%Credit loss provision to net charge-offs
  • 86.92%Efficiency ratio
  • 62,541Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.79%Loss allowance to loans
  • 0.60%Loss allowance to noncurrent loans
  • 87.02%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 48.65%Net loans and leases to core deposits
  • 55.98%Equity capital to assets
  • 9.99%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 26.30%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $153,772Average earning assets
  • $14,828Average equity
  • $146,690Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Milford Co-operative Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents