The Martha's Vineyard Co-operative Bank of Tisbury in Vineyard Haven, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2007

  • The Martha's Vineyard Co-operative Bank of Tisbury in Vineyard Haven, Massachusetts (MA)
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The Martha's Vineyard Co-operative Bank of Tisbury - Overview

  • General
  • FDIC Certificate #: 26603
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Martha's Vineyard Savings Bank (#90190)
    Federal Reserve ID: 182175
    Date Established: January 01, 1909
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 6835
    FDIC's unique #: 35324
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 26, 1986
    Last Structure Change Effective Date: November 01, 2007
    Last Structure Change Process Date: November 16, 2007
    Last Data Update: November 16, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: South Main Street, Vineyard Haven, MA 2568
    County: Dukes
    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
  • Financial Summary
  • Total assets: $166.8 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, 2006)

  • Dollar figures in thousands
  • 40Total employees (full-time equivalent)
  • $157,735Total assets
  • $3,163Cash and due from depository institutions
  • $6Interest-bearing balances
  • $2,679Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $144,205Net loans & leases
  • $601Loan loss allowance
  • $0Trading account assets
  • $2,800Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $2,420Life insurance assets
  • $4,888All other assets
  • $157,735Total liabilities and capital
  • $145,632Total liabilities
  • $119,660Total deposits
  • $105,024Interest-bearing deposits
  • $119,660Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $25,677Other borrowed funds
  • $0Subordinated debt
  • $295All other liabilities
  • $12,103Total equity capital
  • $12,103Total bank equity capital
  • $12,103Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $12,103Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $13,600Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $49Earning assets
  • $0Long-term assets (5+ years)
  • $647Average Assets, year-to-date
  • $146,890Average Assets, quarterly
  • $58,009Volatile liabilities
  • $153,703Insider loans
  • $156,493FHLB advances
  • $42,791Loans and leases held for sale
  • $1,021Unused loan commitments
  • $25,677Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,600Total unused commitments
  • $0Restructured Loans and leases
  • $631Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $8,889Total interest income
  • $3,496Total interest expense
  • $5,393Net interest income
  • $62Provision for loan and lease losses
  • $673Total noninterest income
  • $0Fiduciary activities
  • $308Service charges on deposit accounts
  • $0Trading account gains & fees
  • $365Additional noninterest income
  • $4,368Total noninterest expense
  • $2,612Salaries and employee benefits
  • $439Premises and equipment expense
  • $1,317Additional noninterest expense
  • $1,636Pre-tax net operating income
  • $0Securities gains (losses)
  • $592Applicable income taxes
  • $1,044Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,044Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.23%Yield on earning assets
  • 2.45%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 9.01%Return on equity (ROE)
  • 9.01%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 1033.33%Credit loss provision to net charge-offs
  • 283.00%Efficiency ratio
  • 72,008Assets per employee
  • 3.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.42%Loss allowance to noncurrent loans
  • 1226.53%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 120.51%Net loans and leases to core deposits
  • 145.37%Equity capital to assets
  • 7.67%Core capital (leverage) ratio
  • 7.74%Tier 1 risk-based capital ratio
  • 11.94%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $153,703Average earning assets
  • $11,583Average equity
  • $142,668Average loans

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