The Martha's Vineyard Co-operative Bank of Tisbury
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)
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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The Martha's Vineyard Co-operative Bank of Tisbury
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