New England Federal Savings Association in Wellesley, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 04, 1994

  • New England Federal Savings Association in Wellesley, Massachusetts (MA)
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New England Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33637
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: CambridgePort Bank (#90172)
    Federal Reserve ID: 246479
    Date Established: July 17, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10103
    FDIC's unique #: 47704
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: July 17, 1992
    Last Structure Change Effective Date: March 04, 1994
    Last Structure Change Process Date: March 15, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 William Street, Wellesley, MA 2181
    County: Norfolk
    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
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $40.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $0Total assets
  • $40,406Cash and due from depository institutions
  • $5,414Interest-bearing balances
  • $4,783Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $21,158Loan loss allowance
  • $4,721Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $3,702Goodwill and other intangibles
  • $10,132Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $40,406Total liabilities
  • $51,893Total deposits
  • $22,948Interest-bearing deposits
  • $22,948Deposits held in domestic offices
  • 22948.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $27,000Subordinated debt
  • $0All other liabilities
  • $1,945Total equity capital
  • $1,945Total bank equity capital
  • $-11,487Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-11,487Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,463Income earned, not collected on loans
  • $78Earning assets
  • $25,941Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $64,152Average Assets, quarterly
  • $44,072Volatile liabilities
  • $27,000Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-11,487Total risk weighted assets
  • $23,174Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,735Total interest expense
  • $2,699Net interest income
  • $36Provision for loan and lease losses
  • $2,120Total noninterest income
  • -$1,203Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • -$1,203Total noninterest expense
  • $5,183Salaries and employee benefits
  • $805Premises and equipment expense
  • $413Additional noninterest expense
  • $3,965Pre-tax net operating income
  • -$8,470Securities gains (losses)
  • -$1,241Applicable income taxes
  • $0Income before extraordinary items
  • -$9,711Extraordinary gains - net
  • $0Net income attributable to bank
  • -$9,711Net charge-offs
  • $919Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.54%Cost of funding earning assets
  • 6.46%Net interest margin
  • 0.09%Noninterest income to earning assets
  • -2.88%Noninterest expense to earning assets
  • 12.40%Net operating income to assets
  • -13.20%Return on assets (ROA)
  • -15.14%Pretax return on assets
  • -15.14%Return on equity (ROE)
  • 153.56%Retained earnings to average equity (YTD only)
  • 153.56%Net charge-offs to loans
  • 2.47%Credit loss provision to net charge-offs
  • 230.69%Efficiency ratio
  • -444,130Assets per employee
  • 0.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 18.24%Loss allowance to noncurrent loans
  • 35.07%Noncurrent assets plus other real estate owned to assets
  • 42.48%Noncurrent loans to loans
  • 52.02%Net loans and leases to deposits
  • 92.20%Net loans and leases to core deposits
  • 92.20%Equity capital to assets
  • -28.43%Core capital (leverage) ratio
  • -28.43%Tier 1 risk-based capital ratio
  • -49.57%Total risk-based capital ratio
  • Memoranda
  • -$50Average assets
  • $64,152Average earning assets
  • -$6,324Average equity
  • $41,810Average loans

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