Quincy Savings Bank in city_name, state_name - Detailed Financial Reports, Location

Quincy Savings Bank in Quincy, Massachusetts (MA)
Show street view No street view available for this location

Quincy Savings Bank - Overview

General
FDIC Certificate #: 23294
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens Bank of Massachusetts (#18562)
Federal Reserve ID: 422004
Date Established: May 18, 1845
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 14 (Interstate: No)
OTS Docket #: 7739
FDIC's unique #: 16327
Numeric code: 41
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 02, 1981
Last Structure Change Effective Date: January 06, 1995
Last Structure Change Process Date: January 25, 1995
Last Data Update: January 25, 1995
Data Source Date: April 05, 2012
Location
Address: 1200 Hancock Street, Quincy, MA 2169
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)
Financial Summary
Total assets: $831.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$276Total assets
$831,178Cash and due from depository institutions
$33,593Interest-bearing balances
$10,100Securities
$309,514Federal funds sold & reverse repurchase agreements
$2,600Net loans & leases
$444,681Loan loss allowance
$11,473Trading account assets
$0Bank premises and fixed assets
$8,964Other real estate owned
$8,203Goodwill and other intangibles
$20,821Life insurance assets
$2,802All other assets
$0Total liabilities and capital
$831,178Total liabilities
$758,916Total deposits
$746,000Interest-bearing deposits
$697,811Deposits held in domestic offices
746000.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$417Trading liabilities
$0Other borrowed funds
$6,075Subordinated debt
$0All other liabilities
$6,424Total equity capital
$6,424Total bank equity capital
$72,262Perpetual preferred stock
$0Common stock
$5,480Surplus
$46,309Undivided profits
Memoranda
$20,473Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,224Income earned, not collected on loans
$3,688Earning assets
$766,895Long-term assets (5+ years)
$285,596Average Assets, year-to-date
$824,587Average Assets, quarterly
$829,796Volatile liabilities
$77,022Insider loans
$355FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$27,879Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$75,502Total risk weighted assets
$497,524Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$52,432Total interest expense
$22,315Net interest income
$30,117Provision for loan and lease losses
$1,250Total noninterest income
$4,657Fiduciary activities
$102Service charges on deposit accounts
$1,964Trading account gains & fees
$88Additional noninterest income
$2,503Total noninterest expense
$24,429Salaries and employee benefits
$11,274Premises and equipment expense
$2,733Additional noninterest expense
$10,422Pre-tax net operating income
$9,095Securities gains (losses)
$468Applicable income taxes
-$125Income before extraordinary items
$9,688Extraordinary gains - net
$0Net income attributable to bank
$9,688Net charge-offs
$1,940Cash dividends
$980Sale, conversion, retirement of capital stock, net
$545Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.96%Cost of funding earning assets
2.96%Net interest margin
4.00%Noninterest income to earning assets
0.62%Noninterest expense to earning assets
3.24%Net operating income to assets
1.12%Return on assets (ROA)
1.17%Pretax return on assets
1.16%Return on equity (ROE)
13.72%Retained earnings to average equity (YTD only)
12.33%Net charge-offs to loans
0.41%Credit loss provision to net charge-offs
64.43%Efficiency ratio
67,355Assets per employee
3.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.12%Loss allowance to loans
2.52%Loss allowance to noncurrent loans
219.62%Noncurrent assets plus other real estate owned to assets
1.62%Noncurrent loans to loans
1.15%Net loans and leases to deposits
59.61%Net loans and leases to core deposits
66.13%Equity capital to assets
8.69%Core capital (leverage) ratio
9.12%Tier 1 risk-based capital ratio
15.18%Total risk-based capital ratio
Memoranda
$16Average assets
$824,587Average earning assets
$70,633Average equity
$753,251Average loans

Christina/ Christy Boone

⚠

Sep 30, 2022 @ 4:04 am

I had a savings account in 1991 with money in it. Who do I talk with about this?

Quincy Savings Bank in Quincy, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Quincy Savings Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

Quincy Savings Bank in Quincy, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

Quincy Savings Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

Quincy Savings Bank in Quincy, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches