StonehamBank, A Co-operative Bank in city_name, state_name - Detailed Financial Reports, Location

StonehamBank, A Co-operative Bank in Stoneham, Massachusetts (MA)
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StonehamBank, A Co-operative Bank routing number info

StonehamBank, A Co-operative Bank - Overview

General
FDIC Certificate #: 26559
Status: Active
Federal Reserve ID: 954279
Date Established: January 01, 1887
WWW: http://www.stonehambank.com
Trust Powers Granted: Yes
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 6525
FDIC's unique #: 35258
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: Febuary 14, 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: 80 Montvale Avenue, Stoneham, MA 2180
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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $426.3 mil
Equity capital: $37.6 mil
Deposits held in domestic offices: $297.2 mil
Return on assets (ROA): 0.65% ($2.8 mil)
Quarterly return on assets: 0.75% ($3.2 mil)
Return on Equity (ROE): 7.57% ($2.9 mil)
Quarterly return on equity: 8.62% ($3.3 mil)
Net income: $2.7 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.01% ($4,306.0 mil)
Quarterly Pretax return on assets: 1.16% ($4,945.5 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
84Total employees (full-time equivalent)
$426,336Total assets
$13,371Cash and due from depository institutions
$8,385Interest-bearing balances
$42,077Securities
$7,124Federal funds sold & reverse repurchase agreements
$337,332Net loans & leases
$3,576Loan loss allowance
$0Trading account assets
$10,851Bank premises and fixed assets
$420Other real estate owned
$1,847Goodwill and other intangibles
$426,336Life insurance assets
$13,314All other assets
$388,763Total liabilities and capital
$297,157Total liabilities
$251,262Total deposits
$297,157Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$75,689Trading liabilities
$13,813Other borrowed funds
$2,104Subordinated debt
$37,573All other liabilities
$37,573Total equity capital
$37,573Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$34,633Surplus
$2,940Undivided profits
Memoranda
$0Noncurrent loans and leases
$4,254Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,736Income earned, not collected on loans
$0Earning assets
$1,001Long-term assets (5+ years)
$394,918Average Assets, year-to-date
$247,629Average Assets, quarterly
$415,134Volatile liabilities
$423,815Insider loans
$290,377FHLB advances
$423,238Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$36,497Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$53,735Restructured Loans and leases
$8Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$18,642Total interest income
$5,072Total interest expense
$13,570Net interest income
$372Provision for loan and lease losses
$3,764Total noninterest income
$1Fiduciary activities
$1,061Service charges on deposit accounts
$0Trading account gains & fees
$2,702Additional noninterest income
$13,015Total noninterest expense
$7,287Salaries and employee benefits
$1,200Premises and equipment expense
$4,528Additional noninterest expense
$3,947Pre-tax net operating income
$241Securities gains (losses)
$1,490Applicable income taxes
$2,698Income before extraordinary items
$0Extraordinary gains - net
$2,698Net income attributable to bank
$0Net charge-offs
$2,698Cash dividends
$431Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.86%Yield on earning assets
1.32%Cost of funding earning assets
3.54%Net interest margin
0.98%Noninterest income to earning assets
3.39%Noninterest expense to earning assets
0.61%Net operating income to assets
0.65%Return on assets (ROA)
1.01%Pretax return on assets
7.57%Return on equity (ROE)
7.57%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
86.31%Credit loss provision to net charge-offs
10.02%Efficiency ratio
75,084Assets per employee
5.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
95.72%Noncurrent assets plus other real estate owned to assets
0.97%Noncurrent loans to loans
1.10%Net loans and leases to deposits
113.52%Net loans and leases to core deposits
121.23%Equity capital to assets
8.81%Core capital (leverage) ratio
8.62%Tier 1 risk-based capital ratio
12.57%Total risk-based capital ratio
Memoranda
$19Average assets
$415,134Average earning assets
$35,651Average equity
$383,403Average 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
$217Managed Assets
1Number 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
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
42Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$217Other retirement accounts
$217Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

2 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	35258	Stonehambank, A Co-Operative Bank	80 Montvale Avenue, Stoneham, MA 2180	January 01, 1887	Full Service Brick and Mortar
3	259682	Billerica Branch	493 Boston Road, Billerica, MA 1821	October 15, 1975	Full Service Brick and Mortar

StonehamBank, A Co-operative Bank in Stoneham, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

StonehamBank, A Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

StonehamBank, A Co-operative Bank in Stoneham, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

StonehamBank, A Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

StonehamBank, A Co-operative Bank in Stoneham, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches