United Bank in Conway, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 24, 1999

  • United Bank in Conway, Massachusetts (MA)
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United Bank - Overview

  • General
  • FDIC Certificate #: 90276
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Bank of Western Massachusetts (#26942)
    Federal Reserve ID: 134905
    Date Established: March 28, 1855
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 8432
    FDIC's unique #: 17866
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 23, 1985
    Last Structure Change Effective Date: September 24, 1999
    Last Structure Change Process Date: September 28, 1999
    Last Data Update: September 28, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Parsons Road And Route 116, Conway, MA 1341
    County: Franklin
    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
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • Financial Summary
  • Total assets: $277.2 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 87Total employees (full-time equivalent)
  • $276,211Total assets
  • $5,719Cash and due from depository institutions
  • $45Interest-bearing balances
  • $68,867Securities
  • $6,179Federal funds sold & reverse repurchase agreements
  • $185,365Net loans & leases
  • $1,887Loan loss allowance
  • $0Trading account assets
  • $3,617Bank premises and fixed assets
  • $86Other real estate owned
  • $1,481Goodwill and other intangibles
  • $0Life insurance assets
  • $4,897All other assets
  • $276,211Total liabilities and capital
  • $251,528Total liabilities
  • $244,445Total deposits
  • $224,214Interest-bearing deposits
  • $244,445Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,777Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,369Other borrowed funds
  • $0Subordinated debt
  • $2,937All other liabilities
  • $24,683Total equity capital
  • $24,683Total bank equity capital
  • $24,683Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $8,255Undivided profits
  • Memoranda
  • $16,428Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $631Earning assets
  • $0Long-term assets (5+ years)
  • $913Average Assets, year-to-date
  • $260,456Average Assets, quarterly
  • $52,178Volatile liabilities
  • $266,505Insider loans
  • $271,487FHLB advances
  • $20,847Loans and leases held for sale
  • $318Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,462Total risk weighted assets
  • $19,045Total unused commitments
  • $0Restructured Loans and leases
  • $176,189Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $19,836Total interest income
  • $9,164Total interest expense
  • $10,672Net interest income
  • $120Provision for loan and lease losses
  • $1,282Total noninterest income
  • $66Fiduciary activities
  • $763Service charges on deposit accounts
  • $0Trading account gains & fees
  • $453Additional noninterest income
  • $6,386Total noninterest expense
  • $3,396Salaries and employee benefits
  • $671Premises and equipment expense
  • $2,319Additional noninterest expense
  • $5,448Pre-tax net operating income
  • $3Securities gains (losses)
  • $2,251Applicable income taxes
  • $3,200Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,200Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $736Sale, conversion, retirement of capital stock, net
  • $970Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.92%Yield on earning assets
  • 3.66%Cost of funding earning assets
  • 4.26%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 13.50%Return on equity (ROE)
  • 9.41%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 16.30%Credit loss provision to net charge-offs
  • 7.57%Efficiency ratio
  • 50,510Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.31%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 299.05%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 75.83%Net loans and leases to core deposits
  • 82.25%Equity capital to assets
  • 8.94%Core capital (leverage) ratio
  • 8.45%Tier 1 risk-based capital ratio
  • 13.03%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $266,505Average earning assets
  • $23,697Average equity
  • $250,368Average loans

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