FDIC Certificate #: 26485 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Village Bank (#26336) Federal Reserve ID: 112976 Date Established: January 01, 1913 WWW:http://www.nscoopbank.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 33152 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: January 14, 1986 Last Structure Change Effective Date: September 22, 2003 Last Structure Change Process Date: October 22, 2003 Last Data Update: October 22, 2003 Data Source Date: April 05, 2012
Location
Address: 411 Watertown Street, Newton, MA 2158 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)
Financial Summary
Total assets: $121.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
19Total employees (full-time equivalent)
$118,756Total assets
$3,740Cash and due from depository institutions
$0Interest-bearing balances
$14,026Securities
$3,080Federal funds sold & reverse repurchase agreements
$94,685Net loans & leases
$665Loan loss allowance
$0Trading account assets
$692Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,533All other assets
$118,756Total liabilities and capital
$99,132Total liabilities
$98,868Total deposits
$89,693Interest-bearing deposits
$98,868Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$264All other liabilities
$19,624Total equity capital
$19,624Total bank equity capital
$19,624Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$19,624Noncurrent loans and leases
$23,166Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$619Average Assets, year-to-date
$111,791Average Assets, quarterly
$60,254Volatile liabilities
$114,921Insider loans
$117,881FHLB advances
$14,196Loans and leases held for sale
$1,281Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$23,166Total unused commitments
$0Restructured Loans and leases
$665Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$8,482Total interest income
$2,224Total interest expense
$6,258Net interest income
$361Provision for loan and lease losses
$258Total noninterest income
$0Fiduciary activities
$172Service charges on deposit accounts
$0Trading account gains & fees
$86Additional noninterest income
$2,413Total noninterest expense
$1,503Salaries and employee benefits
$260Premises and equipment expense
$650Additional noninterest expense
$3,742Pre-tax net operating income
$0Securities gains (losses)
$1,537Applicable income taxes
$2,205Income before extraordinary items
$0Extraordinary gains - net
$2,205Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$66Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.84%Yield on earning assets
2.06%Cost of funding earning assets
5.79%Net interest margin
0.24%Noninterest income to earning assets
2.23%Noninterest expense to earning assets
1.92%Net operating income to assets
1.92%Return on assets (ROA)
3.26%Pretax return on assets
11.92%Return on equity (ROE)
11.92%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
546.97%Credit loss provision to net charge-offs
62.17%Efficiency ratio
37,032Assets per employee
6.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.70%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
95.77%Net loans and leases to core deposits
111.83%Equity capital to assets
16.52%Core capital (leverage) ratio
16.54%Tier 1 risk-based capital ratio
23.36%Total risk-based capital ratio
Memoranda
$24Average assets
$114,921Average earning assets
$18,499Average equity
$108,172Average loans
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