Union Federal Savings Bank in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 21, 1997

  • Union Federal Savings Bank in Boston, Massachusetts (MA)
  • Show street view No street view available for this location

Union Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29377
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bay State Federal Savings Bank (#29712)
    Federal Reserve ID: 169774
    Date Established: January 01, 1911
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3358
    FDIC's unique #: 42211
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 24, 1935
    Last Structure Change Effective Date: Febuary 21, 1997
    Last Structure Change Process Date: March 27, 1997
    Last Data Update: March 27, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 184 Mass Avenue, Boston, MA 2115
    County: Suffolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North 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: $38.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $11Total assets
  • $38,510Cash and due from depository institutions
  • $5,885Interest-bearing balances
  • $4,780Securities
  • $3,937Federal funds sold & reverse repurchase agreements
  • $100Net loans & leases
  • $27,747Loan loss allowance
  • $110Trading account assets
  • $0Bank premises and fixed assets
  • $298Other real estate owned
  • $73Goodwill and other intangibles
  • $470Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $38,510Total liabilities
  • $35,461Total deposits
  • $35,228Interest-bearing deposits
  • $35,228Deposits held in domestic offices
  • 35228.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $233Total equity capital
  • $233Total bank equity capital
  • $3,049Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $3,049Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $269Income earned, not collected on loans
  • $0Earning assets
  • $36,564Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $38,180Average Assets, quarterly
  • $38,654Volatile liabilities
  • $2,637Insider loans
  • $818FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $100Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,623Total risk weighted assets
  • $17,804Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,619Total interest expense
  • $1,311Net interest income
  • $1,308Provision for loan and lease losses
  • $136Total noninterest income
  • $268Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $268Total noninterest expense
  • $1,371Salaries and employee benefits
  • $657Premises and equipment expense
  • $181Additional noninterest expense
  • $533Pre-tax net operating income
  • $69Securities gains (losses)
  • $0Applicable income taxes
  • $35Income before extraordinary items
  • $34Extraordinary gains - net
  • $0Net income attributable to bank
  • $34Net charge-offs
  • $126Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.26%Cost of funding earning assets
  • 3.63%Net interest margin
  • 3.62%Noninterest income to earning assets
  • 0.74%Noninterest expense to earning assets
  • 3.80%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.09%Pretax return on assets
  • 0.18%Return on equity (ROE)
  • 1.23%Retained earnings to average equity (YTD only)
  • 1.23%Net charge-offs to loans
  • 0.45%Credit loss provision to net charge-offs
  • 107.94%Efficiency ratio
  • 86,992Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.39%Loss allowance to noncurrent loans
  • 40.89%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 0.97%Net loans and leases to deposits
  • 78.76%Net loans and leases to core deposits
  • 85.14%Equity capital to assets
  • 7.92%Core capital (leverage) ratio
  • 6.93%Tier 1 risk-based capital ratio
  • 14.73%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $38,180Average earning assets
  • $2,772Average equity
  • $36,093Average loans

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