FDIC Certificate #: 58133 Status: Active Federal Reserve ID: 3437166 Date Established: April 03, 2006 WWW:http://www.patriotcb.com Trust Powers Granted: Yes Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 440228 Numeric code: 42 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: April 03, 2006 Last Structure Change Effective Date: July 26, 2008 Last Structure Change Process Date: May 12, 2009 Last Data Update: May 12, 2009 Data Source Date: April 05, 2012
Location
Address: 237 Lexington Street, Woburn, MA 1801 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: $118.5 mil Equity capital: $11.4 mil Deposits held in domestic offices: $105.7 mil Return on assets (ROA): 0.95% ($1.1 mil) Quarterly return on assets: 1.95% ($2.3 mil) Return on Equity (ROE): 9.39% ($1.0 mil) Quarterly return on equity: 19.86% ($2.2 mil) Net income: $1.0 mil Quarterly Net income: $0.6 mil Pretax return on assets: 1.63% ($1,930.8 mil) Quarterly Pretax return on assets: 3.33% ($3,944.5 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
20Total employees (full-time equivalent)
$118,452Total assets
$17,786Cash and due from depository institutions
$16,515Interest-bearing balances
$13,041Securities
$0Federal funds sold & reverse repurchase agreements
$86,353Net loans & leases
$678Loan loss allowance
$0Trading account assets
$391Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$118,452Life insurance assets
$881All other assets
$107,060Total liabilities and capital
$105,695Total liabilities
$95,957Total deposits
$105,695Interest-bearing deposits
$77Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,365Subordinated debt
$11,392All other liabilities
$11,392Total equity capital
$11,392Total bank equity capital
$0Perpetual preferred stock
$2,006Common stock
$8,026Surplus
$1,360Undivided profits
Memoranda
$0Noncurrent loans and leases
$20,600Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$280Long-term assets (5+ years)
$115,909Average Assets, year-to-date
$27,509Average Assets, quarterly
$105,480Volatile liabilities
$112,959Insider loans
$105,145FHLB advances
$115,885Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,392Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$18,772Restructured Loans and leases
$4,403Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,316Total interest income
$1,412Total interest expense
$2,904Net interest income
$155Provision for loan and lease losses
$1,654Total noninterest income
$0Fiduciary activities
$30Service charges on deposit accounts
$0Trading account gains & fees
$1,624Additional noninterest income
$2,683Total noninterest expense
$1,548Salaries and employee benefits
$306Premises and equipment expense
$829Additional noninterest expense
$1,720Pre-tax net operating income
$0Securities gains (losses)
$714Applicable income taxes
$1,006Income before extraordinary items
$0Extraordinary gains - net
$1,006Net income attributable to bank
$0Net charge-offs
$1,006Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.21%Yield on earning assets
1.38%Cost of funding earning assets
2.83%Net interest margin
1.61%Noninterest income to earning assets
2.61%Noninterest expense to earning assets
0.95%Net operating income to assets
0.95%Return on assets (ROA)
1.63%Pretax return on assets
9.39%Return on equity (ROE)
9.39%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,864Assets per employee
5.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.78%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
81.70%Net loans and leases to core deposits
92.96%Equity capital to assets
9.62%Core capital (leverage) ratio
9.83%Tier 1 risk-based capital ratio
10.83%Total risk-based capital ratio
Memoranda
$12Average assets
$105,480Average earning assets
$10,716Average equity
$102,613Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$22Managed Assets
1Number of Accounts
$22Personal trust and agency accounts
$22Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
5Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
440228
Patriot Community Bank
237 Lexington Street, Woburn, MA 1801
April 03, 2006
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Patriot Community Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: