FDIC Certificate #: 26552 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:East Boston Savings Bank (#33510) Federal Reserve ID: 1017274 Date Established: January 01, 1893 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 11856 FDIC's unique #: 35244 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 07, 1986 Last Structure Change Effective Date: January 04, 2010 Last Structure Change Process Date: January 27, 2010 Last Data Update: January 27, 2010 Data Source Date: April 05, 2012
Location
Address: 430 West Broadway, South Boston, MA 2127 County: Suffolk 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: Boston-Quincy, MA (#14484)
Financial Summary
Total assets: $496.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
116Total employees (full-time equivalent)
$496,194Total assets
$20,839Cash and due from depository institutions
$3,100Interest-bearing balances
$77,671Securities
$0Federal funds sold & reverse repurchase agreements
$354,946Net loans & leases
$4,421Loan loss allowance
$0Trading account assets
$14,987Bank premises and fixed assets
$2,234Other real estate owned
$0Goodwill and other intangibles
$8,939Life insurance assets
$25,517All other assets
$496,194Total liabilities and capital
$464,586Total liabilities
$385,676Total deposits
$353,204Interest-bearing deposits
$385,676Deposits held in domestic offices
76.90%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$77,000Other borrowed funds
$0Subordinated debt
$1,910All other liabilities
$31,608Total equity capital
$31,608Total bank equity capital
$31,608Perpetual preferred stock
$0Common stock
$0Surplus
$35,558Undivided profits
Memoranda
$-3,950Noncurrent loans and leases
$28,304Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10,341Earning assets
$0Long-term assets (5+ years)
$1,499Average Assets, year-to-date
$435,717Average Assets, quarterly
$164,926Volatile liabilities
$511,810Insider loans
$498,664FHLB advances
$109,636Loans and leases held for sale
$1,215Unused loan commitments
$77,000Tier 1 (core) risk-based capital
$5,041Tier 2 risk-based capital
$5,204Total risk weighted assets
$28,304Total unused commitments
$2,320Restructured Loans and leases
$4,421Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$25,440Total interest income
$9,878Total interest expense
$15,562Net interest income
$2,254Provision for loan and lease losses
$3,184Total noninterest income
$0Fiduciary activities
$1,415Service charges on deposit accounts
$0Trading account gains & fees
$1,769Additional noninterest income
$19,569Total noninterest expense
$8,332Salaries and employee benefits
$2,738Premises and equipment expense
$8,499Additional noninterest expense
-$3,077Pre-tax net operating income
$310Securities gains (losses)
-$295Applicable income taxes
-$2,472Income before extraordinary items
$0Extraordinary gains - net
-$2,472Net income attributable to bank
$0Net charge-offs
-$2,472Cash dividends
$1,155Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.59%Yield on earning assets
2.17%Cost of funding earning assets
3.42%Net interest margin
0.70%Noninterest income to earning assets
4.30%Noninterest expense to earning assets
-0.54%Net operating income to assets
-0.48%Return on assets (ROA)
-0.54%Pretax return on assets
-7.74%Return on equity (ROE)
-7.74%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
195.15%Credit loss provision to net charge-offs
-0.71%Efficiency ratio
104,390Assets per employee
4.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
42.75%Noncurrent assets plus other real estate owned to assets
2.53%Noncurrent loans to loans
2.88%Net loans and leases to deposits
92.03%Net loans and leases to core deposits
122.80%Equity capital to assets
6.37%Core capital (leverage) ratio
6.68%Tier 1 risk-based capital ratio
5.43%Total risk-based capital ratio
Memoranda
$6Average assets
$511,810Average earning assets
$31,936Average equity
$455,268Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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