FDIC Certificate #: 2598 Status: Active Federal Reserve ID: 791205 Date Established: April 18, 1889 WWW:http://www.lenoxnb.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 11848 FDIC's unique #: 1686 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 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: 7 Main Street, Lenox, MA 1240 County: Berkshire Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Springfield Ma Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Pittsfield, MA (#6320) Core Based Statistical Area (CBSA): Pittsfield, MA (#38340) CBSA Metro Statistical Area: Pittsfield, MA (#38340)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $60.0 mil Equity capital: $7.7 mil Deposits held in domestic offices: $52.2 mil Return on assets (ROA): 0.62% ($0.4 mil) Quarterly return on assets: 0.27% ($0.2 mil) Return on Equity (ROE): 4.75% ($0.4 mil) Quarterly return on equity: 2.13% ($0.2 mil) Net income: $0.4 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.97% ($582.3 mil) Quarterly Pretax return on assets: 0.54% ($324.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
14Total employees (full-time equivalent)
$60,029Total assets
$1,284Cash and due from depository institutions
$33Interest-bearing balances
$27,259Securities
$5,731Federal funds sold & reverse repurchase agreements
$24,516Net loans & leases
$472Loan loss allowance
$0Trading account assets
$240Bank premises and fixed assets
$103Other real estate owned
$0Goodwill and other intangibles
$60,029Life insurance assets
$896All other assets
$52,350Total liabilities and capital
$52,231Total liabilities
$43,541Total deposits
$52,231Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$119Subordinated debt
$7,679All other liabilities
$7,679Total equity capital
$7,679Total bank equity capital
$0Perpetual preferred stock
$103Common stock
$103Surplus
$7,473Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$401Income earned, not collected on loans
$0Earning assets
$262Long-term assets (5+ years)
$57,539Average Assets, year-to-date
$40,290Average Assets, quarterly
$57,505Volatile liabilities
$60,384Insider loans
$26,004FHLB advances
$61,206Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,679Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,837Restructured Loans and leases
$1,894Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,353Total interest income
$478Total interest expense
$1,875Net interest income
$10Provision for loan and lease losses
$114Total noninterest income
$0Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
$42Additional noninterest income
$1,429Total noninterest expense
$887Salaries and employee benefits
$118Premises and equipment expense
$424Additional noninterest expense
$550Pre-tax net operating income
$5Securities gains (losses)
$196Applicable income taxes
$359Income before extraordinary items
$0Extraordinary gains - net
$359Net income attributable to bank
$0Net charge-offs
$359Cash dividends
$0Sale, conversion, retirement of capital stock, net
$74Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.30%Yield on earning assets
0.87%Cost of funding earning assets
3.43%Net interest margin
0.21%Noninterest income to earning assets
2.61%Noninterest expense to earning assets
0.62%Net operating income to assets
0.62%Return on assets (ROA)
0.97%Pretax return on assets
4.75%Return on equity (ROE)
3.77%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
71,845Assets per employee
4.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.61%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
117.71%Noncurrent assets plus other real estate owned to assets
0.84%Noncurrent loans to loans
1.60%Net loans and leases to deposits
46.94%Net loans and leases to core deposits
58.98%Equity capital to assets
12.79%Core capital (leverage) ratio
12.55%Tier 1 risk-based capital ratio
29.53%Total risk-based capital ratio
Memoranda
$31Average assets
$57,505Average earning assets
$7,564Average equity
$54,743Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
1686
The Lenox National Bank
7 Main Street, Lenox, MA 1240
April 18, 1889
Full Service Brick and Mortar
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