FDIC Certificate #: 26487 Status: Active Federal Reserve ID: 63573 Date Established: January 01, 1912 WWW:http://www.walpolecoop.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 13294 FDIC's unique #: 33154 Numeric code: 15 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 13, 1986 Last Structure Change Effective Date: June 15, 2011 Last Structure Change Process Date: June 23, 2011 Last Data Update: June 23, 2011 Data Source Date: April 05, 2012
Location
Address: 982 Main Street, Walpole, MA 2081 County: Norfolk 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): 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)
History of Changes
Change in Primary Regulatory Agency
Institution Becomes a Member of FRS (Federal Reserve System)
Change in Supervisory Agency
Financial Summary
Total assets: $356.4 mil Equity capital: $71.3 mil Deposits held in domestic offices: $270.6 mil Return on assets (ROA): 0.89% ($3.2 mil) Quarterly return on assets: 0.91% ($3.2 mil) Return on Equity (ROE): 4.47% ($3.2 mil) Quarterly return on equity: 4.61% ($3.3 mil) Net income: $3.1 mil Quarterly Net income: $0.8 mil Pretax return on assets: 1.47% ($5,239.0 mil) Quarterly Pretax return on assets: 1.51% ($5,381.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
39Total employees (full-time equivalent)
$356,396Total assets
$5,005Cash and due from depository institutions
$2,466Interest-bearing balances
$46,244Securities
$0Federal funds sold & reverse repurchase agreements
$287,742Net loans & leases
$4,220Loan loss allowance
$0Trading account assets
$7,602Bank premises and fixed assets
$1,510Other real estate owned
$0Goodwill and other intangibles
$356,396Life insurance assets
$8,293All other assets
$285,076Total liabilities and capital
$270,627Total liabilities
$255,652Total deposits
$270,627Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$11,500Trading liabilities
$0Other borrowed funds
$2,949Subordinated debt
$71,320All other liabilities
$71,320Total equity capital
$71,320Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$71,365Surplus
$-45Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,692Income earned, not collected on loans
$0Earning assets
$923Long-term assets (5+ years)
$336,452Average Assets, year-to-date
$75,699Average Assets, quarterly
$350,175Volatile liabilities
$356,782Insider loans
$290,633FHLB advances
$352,081Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$71,365Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$33,897Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$15,806Total interest income
$2,617Total interest expense
$13,189Net interest income
$820Provision for loan and lease losses
$1,171Total noninterest income
$0Fiduciary activities
$136Service charges on deposit accounts
$0Trading account gains & fees
$1,035Additional noninterest income
$8,658Total noninterest expense
$4,610Salaries and employee benefits
$1,068Premises and equipment expense
$2,980Additional noninterest expense
$4,882Pre-tax net operating income
$271Securities gains (losses)
$2,045Applicable income taxes
$3,108Income before extraordinary items
$0Extraordinary gains - net
$3,108Net income attributable to bank
$0Net charge-offs
$3,108Cash dividends
$812Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.78%Yield on earning assets
0.79%Cost of funding earning assets
3.99%Net interest margin
0.35%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
0.84%Net operating income to assets
0.89%Return on assets (ROA)
1.47%Pretax return on assets
4.47%Return on equity (ROE)
4.47%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
100.99%Credit loss provision to net charge-offs
7.02%Efficiency ratio
60,292Assets per employee
9.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
54.86%Noncurrent assets plus other real estate owned to assets
2.58%Noncurrent loans to loans
2.63%Net loans and leases to deposits
106.32%Net loans and leases to core deposits
116.46%Equity capital to assets
20.01%Core capital (leverage) ratio
20.27%Tier 1 risk-based capital ratio
24.56%Total risk-based capital ratio
Memoranda
$26Average assets
$350,175Average earning assets
$69,462Average equity
$330,702Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
33154
Walpole Co-Operative Bank
982 Main Street, Walpole, MA 2081
January 01, 1912
Full Service Brick and Mortar
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