FDIC Certificate #: 2569 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Boston Federal Savings Bank (#28511) Federal Reserve ID: 762607 Date Established: Febuary 01, 1910 WWW:http://www.broadwaynationalbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 15633 FDIC's unique #: 1665 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 31, 2003 Last Structure Change Process Date: January 12, 2004 Last Data Update: January 12, 2004 Data Source Date: April 05, 2012
Location
Address: 457 Broadway, Chelsea, MA 2150 County: Suffolk 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: Boston-Quincy, MA (#14484)
Financial Summary
Total assets: $167.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
52Total employees (full-time equivalent)
$169,014Total assets
$26,710Cash and due from depository institutions
$8,100Interest-bearing balances
$57,392Securities
$0Federal funds sold & reverse repurchase agreements
$71,853Net loans & leases
$995Loan loss allowance
$0Trading account assets
$2,162Bank premises and fixed assets
$0Other real estate owned
$2,980Goodwill and other intangibles
$0Life insurance assets
$7,917All other assets
$169,014Total liabilities and capital
$155,515Total liabilities
$147,785Total deposits
$113,352Interest-bearing deposits
$147,785Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$1,730All other liabilities
$13,499Total equity capital
$13,499Total bank equity capital
$13,499Perpetual preferred stock
$0Common stock
$300Surplus
$10,279Undivided profits
Memoranda
$2,920Noncurrent loans and leases
$9,095Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$196Earning assets
$0Long-term assets (5+ years)
$643Average Assets, year-to-date
$137,345Average Assets, quarterly
$19,684Volatile liabilities
$169,138Insider loans
$171,656FHLB advances
$10,114Loans and leases held for sale
$242Unused loan commitments
$6,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,095Total unused commitments
$199Restructured Loans and leases
$1,002Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$7,820Total interest income
$1,809Total interest expense
$6,011Net interest income
$0Provision for loan and lease losses
$1,580Total noninterest income
$0Fiduciary activities
$588Service charges on deposit accounts
$0Trading account gains & fees
$992Additional noninterest income
$5,399Total noninterest expense
$2,566Salaries and employee benefits
$512Premises and equipment expense
$2,321Additional noninterest expense
$2,192Pre-tax net operating income
$5Securities gains (losses)
$720Applicable income taxes
$1,477Income before extraordinary items
$0Extraordinary gains - net
$1,477Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$36Sale, conversion, retirement of capital stock, net
$865Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.53%Yield on earning assets
1.28%Cost of funding earning assets
4.25%Net interest margin
1.12%Noninterest income to earning assets
3.82%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
1.30%Pretax return on assets
11.34%Return on equity (ROE)
4.70%Retained earnings to average equity (YTD only)
-0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
71,124Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.56%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
507.65%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.27%Net loans and leases to deposits
48.62%Net loans and leases to core deposits
52.19%Equity capital to assets
7.99%Core capital (leverage) ratio
6.03%Tier 1 risk-based capital ratio
12.59%Total risk-based capital ratio
Memoranda
$14Average assets
$169,138Average earning assets
$13,023Average equity
$141,305Average loans
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