North Shore Bank, a Co-operative Bank in city_name, state_name

North Shore Bank, a Co-operative Bank in Peabody, Massachusetts (MA)
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North Shore Bank, a Co-operative Bank routing number info

North Shore Bank, a Co-operative Bank - Overview

General
FDIC Certificate #: 26484
Status: Active
Federal Reserve ID: 161273
Bank Holding Company (Regulatory Top Holder): North Shore Bancorp (RSSDID: 2621182, Location: Peabody, MA)
Date Established: January 01, 1888
WWW: http://www.northshore-bank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 7963
FDIC's unique #: 33151
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 10, 1986
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 32 Main Street, Peabody, MA 1960
County: Essex
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: Peabody, MA (#37764)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $453.6 mil
Equity capital: $46.6 mil
Deposits held in domestic offices: $345.2 mil
Return on assets (ROA): 0.71% ($3.2 mil)
Quarterly return on assets: 0.66% ($3.0 mil)
Return on Equity (ROE): 7.10% ($3.3 mil)
Quarterly return on equity: 6.55% ($3.1 mil)
Net income: $3.2 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.05% ($4,762.3 mil)
Quarterly Pretax return on assets: 1.04% ($4,716.9 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, 2011)

Dollar figures in thousands
95Total employees (full-time equivalent)
$453,551Total assets
$29,154Cash and due from depository institutions
$25,321Interest-bearing balances
$57,806Securities
$0Federal funds sold & reverse repurchase agreements
$340,966Net loans & leases
$5,272Loan loss allowance
$0Trading account assets
$7,123Bank premises and fixed assets
$0Other real estate owned
$129Goodwill and other intangibles
$453,551Life insurance assets
$18,373All other assets
$406,948Total liabilities and capital
$345,164Total liabilities
$289,973Total deposits
$345,164Interest-bearing deposits
$89Deposits held in domestic offices
7410.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$51,300Trading liabilities
$0Other borrowed funds
$3,074Subordinated debt
$46,603All other liabilities
$46,603Total equity capital
$46,603Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$42,496Surplus
$3,607Undivided profits
Memoranda
$0Noncurrent loans and leases
$351Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$993Income earned, not collected on loans
$0Earning assets
$1,288Long-term assets (5+ years)
$424,093Average Assets, year-to-date
$174,114Average Assets, quarterly
$454,092Volatile liabilities
$459,767Insider loans
$330,523FHLB advances
$467,148Loans and leases held for sale
$8,581Unused loan commitments
$5,754Tier 1 (core) risk-based capital
$46,186Tier 2 risk-based capital
$0Total risk weighted assets
$2,827Total unused commitments
$58,231Restructured Loans and leases
$2,455Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$21,087Total interest income
$4,820Total interest expense
$16,267Net interest income
$421Provision for loan and lease losses
$1,710Total noninterest income
$0Fiduciary activities
$649Service charges on deposit accounts
$0Trading account gains & fees
$1,061Additional noninterest income
$12,848Total noninterest expense
$7,922Salaries and employee benefits
$1,982Premises and equipment expense
$2,944Additional noninterest expense
$4,708Pre-tax net operating income
$59Securities gains (losses)
$1,564Applicable income taxes
$3,203Income before extraordinary items
$0Extraordinary gains - net
$3,203Net income attributable to bank
$0Net charge-offs
$3,203Cash dividends
$242Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.98%Yield on earning assets
1.14%Cost of funding earning assets
3.84%Net interest margin
0.40%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
0.70%Net operating income to assets
0.71%Return on assets (ROA)
1.05%Pretax return on assets
7.10%Return on equity (ROE)
7.10%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
173.97%Credit loss provision to net charge-offs
21.19%Efficiency ratio
71,469Assets per employee
4.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
530.92%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.29%Net loans and leases to deposits
98.78%Net loans and leases to core deposits
104.86%Equity capital to assets
10.28%Core capital (leverage) ratio
9.89%Tier 1 risk-based capital ratio
13.97%Total risk-based capital ratio
Memoranda
$15Average assets
$454,092Average earning assets
$45,093Average equity
$423,291Average loans

List of branches

8 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	33151	North Shore Bank, A Co-Operative Bank	32 Main Street, Peabody, MA 1960	January 01, 1888	Full Service Brick and Mortar
2	259485	Danvers Branch	48 Elm Street, Danvers, MA 1923	January 01, 1970	Full Service Brick and Mortar
7	291515	Middleton Branch	161 South Main Street, Middleton, MA 1949	September 08, 1986	Full Service Brick and Mortar
9	259489	Highland Avenue Branch	319 Highland Avenue, Salem, MA 1970	Febuary 17, 1998	Full Service Brick and Mortar
11	259491	Appleseed's Square Branch	50 Dodge Street, Beverly, MA 1915	October 28, 1999	Full Service Brick and Mortar
14	334360	West Peabody Branch	637 Lowell Street, Peabody, MA 1960	May 13, 2000	Full Service Retail
16	439887	Staples Plaza Branch	3-27 Paradise Road, Salem, MA 1970	April 13, 2005	Full Service Brick and Mortar
17	468992	Andover Street Branch	248 Andover Street, Peabody, MA 1960	October 17, 2007	Full Service Brick and Mortar

North Shore Bank, a Co-operative Bank in Peabody, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

North Shore Bank, a Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

North Shore Bank, a Co-operative Bank in Peabody, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

North Shore Bank, a Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

North Shore Bank, a Co-operative Bank in Peabody, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches