FDIC Certificate #: 26599 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Compass Bank for Savings (#23291) Federal Reserve ID: 179876 Date Established: January 01, 1885 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 11 (Interstate: No) OTS Docket #: 1609 FDIC's unique #: 35320 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: March 19, 1986 Last Structure Change Effective Date: December 04, 1998 Last Structure Change Process Date: Febuary 03, 1999 Last Data Update: Febuary 03, 1999 Data Source Date: April 05, 2012
Location
Address: 100 Old Kings Highway, Sandwich, MA 2563 County: Barnstable 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): Barnstable-Yarmouth, MA (#740) Core Based Statistical Area (CBSA): Barnstable Town, MA (#12700) CBSA Metro Statistical Area: Barnstable Town, MA (#12700)
Financial Summary
Total assets: $542.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
158Total employees (full-time equivalent)
$518,959Total assets
$11,394Cash and due from depository institutions
$1,806Interest-bearing balances
$117,469Securities
$2,130Federal funds sold & reverse repurchase agreements
$366,356Net loans & leases
$4,100Loan loss allowance
$0Trading account assets
$6,379Bank premises and fixed assets
$1,153Other real estate owned
$1,990Goodwill and other intangibles
$0Life insurance assets
$12,088All other assets
$518,959Total liabilities and capital
$476,945Total liabilities
$424,600Total deposits
$384,643Interest-bearing deposits
$424,600Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$47,339Other borrowed funds
$0Subordinated debt
$5,006All other liabilities
$42,014Total equity capital
$42,014Total bank equity capital
$42,014Perpetual preferred stock
$0Common stock
$1,942Surplus
$20,139Undivided profits
Memoranda
$19,933Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,332Earning assets
$0Long-term assets (5+ years)
$1,935Average Assets, year-to-date
$487,761Average Assets, quarterly
$36,179Volatile liabilities
$494,648Insider loans
$515,520FHLB advances
$79,153Loans and leases held for sale
$700Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$45,972Total unused commitments
$0Restructured Loans and leases
$318,557Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$35,945Total interest income
$18,321Total interest expense
$17,624Net interest income
$750Provision for loan and lease losses
$2,746Total noninterest income
$0Fiduciary activities
$1,631Service charges on deposit accounts
$0Trading account gains & fees
$1,115Additional noninterest income
$12,339Total noninterest expense
$6,281Salaries and employee benefits
$1,482Premises and equipment expense
$4,576Additional noninterest expense
$7,281Pre-tax net operating income
$60Securities gains (losses)
$2,481Applicable income taxes
$4,860Income before extraordinary items
$0Extraordinary gains - net
$4,860Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$391Sale, conversion, retirement of capital stock, net
$2,393Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.69%Yield on earning assets
3.92%Cost of funding earning assets
3.77%Net interest margin
0.59%Noninterest income to earning assets
2.64%Noninterest expense to earning assets
0.97%Net operating income to assets
0.98%Return on assets (ROA)
1.48%Pretax return on assets
12.13%Return on equity (ROE)
6.16%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
191.82%Credit loss provision to net charge-offs
20.54%Efficiency ratio
57,923Assets per employee
3.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.24%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
175.81%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
0.63%Net loans and leases to deposits
86.28%Net loans and leases to core deposits
96.55%Equity capital to assets
8.10%Core capital (leverage) ratio
7.78%Tier 1 risk-based capital ratio
12.64%Total risk-based capital ratio
Memoranda
$14Average assets
$494,648Average earning assets
$40,064Average equity
$467,313Average loans
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