The Co-operative Bank of Concord in Concord, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 19, 1997

  • The Co-operative Bank of Concord in Concord, Massachusetts (MA)
  • Show street view No street view available for this location

The Co-operative Bank of Concord - Overview

  • General
  • FDIC Certificate #: 26515
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: USTrust (#17971)
    Federal Reserve ID: 1003978
    Date Established: January 01, 1889
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 2169
    FDIC's unique #: 33217
    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 21, 1986
    Last Structure Change Effective Date: April 19, 1997
    Last Structure Change Process Date: April 29, 1997
    Last Data Update: April 29, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 97 Lowell Road, Concord, MA 1742
    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: $431.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $81Total assets
  • $487,418Cash and due from depository institutions
  • $13,751Interest-bearing balances
  • $1,018Securities
  • $169,414Federal funds sold & reverse repurchase agreements
  • $4,066Net loans & leases
  • $284,084Loan loss allowance
  • $5,897Trading account assets
  • $0Bank premises and fixed assets
  • $5,234Other real estate owned
  • $1,305Goodwill and other intangibles
  • $7,471Life insurance assets
  • $2,093All other assets
  • $0Total liabilities and capital
  • $487,418Total liabilities
  • $445,284Total deposits
  • $292,976Interest-bearing deposits
  • $270,498Deposits held in domestic offices
  • 292976.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $19,900Trading liabilities
  • $0Other borrowed funds
  • $123,141Subordinated debt
  • $4,713All other liabilities
  • $4,554Total equity capital
  • $4,554Total bank equity capital
  • $42,134Perpetual preferred stock
  • $0Common stock
  • $3,666Surplus
  • $25,327Undivided profits
  • Memoranda
  • $13,141Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,587Income earned, not collected on loans
  • $1,512Earning assets
  • $458,582Long-term assets (5+ years)
  • $129,266Average Assets, year-to-date
  • $504,967Average Assets, quarterly
  • $500,967Volatile liabilities
  • $104,860Insider loans
  • $674FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $59,090Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $40,879Total risk weighted assets
  • $280,001Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $36,861Total interest expense
  • $18,890Net interest income
  • $17,971Provision for loan and lease losses
  • $551Total noninterest income
  • $4,338Fiduciary activities
  • $0Service charges on deposit accounts
  • $649Trading account gains & fees
  • $0Additional noninterest income
  • $3,689Total noninterest expense
  • $12,279Salaries and employee benefits
  • $3,607Premises and equipment expense
  • $1,086Additional noninterest expense
  • $7,586Pre-tax net operating income
  • $9,479Securities gains (losses)
  • $6Applicable income taxes
  • $3,469Income before extraordinary items
  • $6,016Extraordinary gains - net
  • $0Net income attributable to bank
  • $6,016Net charge-offs
  • $745Cash dividends
  • $7,900Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.79%Cost of funding earning assets
  • 3.99%Net interest margin
  • 3.80%Noninterest income to earning assets
  • 0.92%Noninterest expense to earning assets
  • 2.59%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 1.88%Return on equity (ROE)
  • 13.77%Retained earnings to average equity (YTD only)
  • -4.31%Net charge-offs to loans
  • 0.24%Credit loss provision to net charge-offs
  • 73.96%Efficiency ratio
  • 52,723Assets per employee
  • 6.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 131.32%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 227.95%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 96.96%Net loans and leases to core deposits
  • 103.06%Equity capital to assets
  • 8.64%Core capital (leverage) ratio
  • 8.10%Tier 1 risk-based capital ratio
  • 14.60%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $504,967Average earning assets
  • $43,684Average equity
  • $473,416Average loans

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 The Co-operative Bank of Concord.
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.
Table of Contents