FDIC Certificate #: 26555 Status: Active Federal Reserve ID: 1013070 Bank Holding Company (Regulatory Top Holder): 1889 Bancorp Mhc (RSSDID: 3960897, Location: Norwood, MA) Date Established: January 01, 1889 WWW:http://www.norwoodbank.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 4396 FDIC's unique #: 35253 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: Febuary 13, 1986 Last Structure Change Effective Date: March 31, 2010 Last Structure Change Process Date: May 05, 2010 Last Data Update: May 05, 2010 Data Source Date: April 05, 2012
Location
Address: 11 Central Street, Norwood, MA 2062 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
Change in Entity Type
Financial Summary
Total assets: $383.0 mil Equity capital: $56.9 mil Deposits held in domestic offices: $320.3 mil Return on assets (ROA): 0.09% ($0.3 mil) Quarterly return on assets: -2.01% (-$7.7 mil) Return on Equity (ROE): 0.64% ($0.4 mil) Quarterly return on equity: -13.54% (-$7.7 mil) Net income: $0.4 mil Quarterly Net income: -$2.0 mil Pretax return on assets: -0.29% (-$1,110.7 mil) Quarterly Pretax return on assets: -3.23% (-$12,371.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
54Total employees (full-time equivalent)
$383,011Total assets
$13,845Cash and due from depository institutions
$11,662Interest-bearing balances
$38,330Securities
$0Federal funds sold & reverse repurchase agreements
$288,651Net loans & leases
$4,627Loan loss allowance
$0Trading account assets
$5,894Bank premises and fixed assets
$9,782Other real estate owned
$768Goodwill and other intangibles
$383,011Life insurance assets
$25,741All other assets
$326,156Total liabilities and capital
$320,305Total liabilities
$301,590Total deposits
$320,305Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,000Trading liabilities
$0Other borrowed funds
$2,851Subordinated debt
$56,855All other liabilities
$56,855Total equity capital
$56,855Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$56,855Undivided profits
Memoranda
$0Noncurrent loans and leases
$499Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$14,980Income earned, not collected on loans
$0Earning assets
$1,022Long-term assets (5+ years)
$338,643Average Assets, year-to-date
$88,503Average Assets, quarterly
$391,029Volatile liabilities
$388,700Insider loans
$301,955FHLB advances
$387,611Loans and leases held for sale
$15,045Unused loan commitments
$15,045Tier 1 (core) risk-based capital
$56,641Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$24,960Restructured Loans and leases
$569Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$15,044Total interest income
$3,939Total interest expense
$11,105Net interest income
$4,000Provision for loan and lease losses
$1,864Total noninterest income
$0Fiduciary activities
$117Service charges on deposit accounts
$0Trading account gains & fees
$1,747Additional noninterest income
$10,563Total noninterest expense
$4,870Salaries and employee benefits
$1,236Premises and equipment expense
$4,457Additional noninterest expense
-$1,594Pre-tax net operating income
$450Securities gains (losses)
-$1,513Applicable income taxes
$369Income before extraordinary items
$0Extraordinary gains - net
$369Net income attributable to bank
$0Net charge-offs
$369Cash dividends
$5,634Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.32%Yield on earning assets
1.13%Cost of funding earning assets
3.19%Net interest margin
0.54%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
0.02%Net operating income to assets
0.09%Return on assets (ROA)
-0.29%Pretax return on assets
0.64%Return on equity (ROE)
0.64%Retained earnings to average equity (YTD only)
1.87%Net charge-offs to loans
71.00%Credit loss provision to net charge-offs
0.43%Efficiency ratio
81,448Assets per employee
7.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
30.89%Noncurrent assets plus other real estate owned to assets
6.47%Noncurrent loans to loans
5.11%Net loans and leases to deposits
90.12%Net loans and leases to core deposits
96.95%Equity capital to assets
14.84%Core capital (leverage) ratio
14.61%Tier 1 risk-based capital ratio
18.76%Total risk-based capital ratio
Memoranda
$20Average assets
$391,029Average earning assets
$57,786Average equity
$347,964Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
35253
Norwood Co-Operative Bank
11 Central Street, Norwood, MA 2062
January 01, 1889
Full Service Brick and Mortar
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