The Foxboro National Bank of Foxborough - Overview
General
FDIC Certificate #: 2581 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Benjamin Franklin Bank (#90200) Federal Reserve ID: 869207 Date Established: June 01, 1909 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 #: 10607 FDIC's unique #: 1674 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: March 21, 1998 Last Structure Change Process Date: March 26, 1998 Last Data Update: March 26, 1998 Data Source Date: April 05, 2012
Location
Address: 1 Mechanic Street, Foxboro, MA 2035 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: $70.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
39Total employees (full-time equivalent)
$70,402Total assets
$2,443Cash and due from depository institutions
$26Interest-bearing balances
$19,672Securities
$850Federal funds sold & reverse repurchase agreements
$46,225Net loans & leases
$360Loan loss allowance
$0Trading account assets
$647Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$565All other assets
$70,402Total liabilities and capital
$64,037Total liabilities
$57,090Total deposits
$47,515Interest-bearing deposits
$57,090Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,648Other borrowed funds
$0Subordinated debt
$299All other liabilities
$6,365Total equity capital
$6,365Total bank equity capital
$6,365Perpetual preferred stock
$0Common stock
$400Surplus
$400Undivided profits
Memoranda
$5,565Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$243Earning assets
$26Long-term assets (5+ years)
$221Average Assets, year-to-date
$66,773Average Assets, quarterly
$24,239Volatile liabilities
$71,848Insider loans
$71,893FHLB advances
$5,524Loans and leases held for sale
$401Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,921Total unused commitments
$0Restructured Loans and leases
$41,303Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,707Total interest income
$2,331Total interest expense
$3,376Net interest income
$64Provision for loan and lease losses
$376Total noninterest income
$0Fiduciary activities
$187Service charges on deposit accounts
$0Trading account gains & fees
$189Additional noninterest income
$2,605Total noninterest expense
$1,381Salaries and employee benefits
$271Premises and equipment expense
$953Additional noninterest expense
$1,083Pre-tax net operating income
$0Securities gains (losses)
$414Applicable income taxes
$669Income before extraordinary items
$0Extraordinary gains - net
$669Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$21Sale, conversion, retirement of capital stock, net
$120Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.45%Yield on earning assets
3.45%Cost of funding earning assets
5.00%Net interest margin
0.56%Noninterest income to earning assets
3.86%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
1.51%Pretax return on assets
10.88%Return on equity (ROE)
8.93%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
304.76%Credit loss provision to net charge-offs
54.62%Efficiency ratio
69,430Assets per employee
1.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.94%Loss allowance to loans
0.77%Loss allowance to noncurrent loans
148.15%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.52%Net loans and leases to deposits
80.97%Net loans and leases to core deposits
83.94%Equity capital to assets
9.04%Core capital (leverage) ratio
8.72%Tier 1 risk-based capital ratio
15.38%Total risk-based capital ratio
Memoranda
$16Average assets
$71,848Average earning assets
$6,148Average equity
$67,530Average loans
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