Warren Five Cents Savings Bank in Peabody, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2002

  • Warren Five Cents Savings Bank in Peabody, Massachusetts (MA)
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Warren Five Cents Savings Bank - Overview

  • General
  • FDIC Certificate #: 24688
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 294809
    Date Established: April 08, 1854
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 7683
    FDIC's unique #: 17141
    Numeric code: 41
    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: August 01, 1983
    Last Structure Change Effective Date: December 31, 2002
    Last Structure Change Process Date: January 23, 2003
    Last Data Update: January 23, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 Main Street, Peabody, MA 1960
    County: Essex
    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: Peabody, MA (#37764)
  • Financial Summary
  • Total assets: $480.5 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, 2001)

  • Dollar figures in thousands
  • 143Total employees (full-time equivalent)
  • $463,717Total assets
  • $26,924Cash and due from depository institutions
  • $10,090Interest-bearing balances
  • $58,708Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $350,263Net loans & leases
  • $4,973Loan loss allowance
  • $0Trading account assets
  • $4,805Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $23,017All other assets
  • $463,717Total liabilities and capital
  • $422,939Total liabilities
  • $401,114Total deposits
  • $370,461Interest-bearing deposits
  • $401,114Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13,512Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,657Other borrowed funds
  • $0Subordinated debt
  • $2,656All other liabilities
  • $40,778Total equity capital
  • $40,778Total bank equity capital
  • $40,778Perpetual preferred stock
  • $0Common stock
  • $345Surplus
  • $23,668Undivided profits
  • Memoranda
  • $16,765Noncurrent loans and leases
  • $105,583Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $2,067Average Assets, year-to-date
  • $419,061Average Assets, quarterly
  • $10,746Volatile liabilities
  • $461,364Insider loans
  • $473,639FHLB advances
  • $48,537Loans and leases held for sale
  • $4,713Unused loan commitments
  • $5,657Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,510Total risk weighted assets
  • $105,583Total unused commitments
  • $1,030Restructured Loans and leases
  • $4,679Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $33,210Total interest income
  • $13,525Total interest expense
  • $19,685Net interest income
  • -$131Provision for loan and lease losses
  • $2,554Total noninterest income
  • $0Fiduciary activities
  • $750Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,804Additional noninterest income
  • $12,019Total noninterest expense
  • $7,430Salaries and employee benefits
  • $1,277Premises and equipment expense
  • $3,312Additional noninterest expense
  • $10,351Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,287Applicable income taxes
  • $7,064Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,064Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$323Sale, conversion, retirement of capital stock, net
  • $3,308Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.87%Yield on earning assets
  • 3.21%Cost of funding earning assets
  • 4.67%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 2.24%Pretax return on assets
  • 18.26%Return on equity (ROE)
  • 9.71%Retained earnings to average equity (YTD only)
  • -0.09%Net charge-offs to loans
  • 40.56%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 54,045Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.83%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 87.32%Net loans and leases to core deposits
  • 94.90%Equity capital to assets
  • 8.79%Core capital (leverage) ratio
  • 8.66%Tier 1 risk-based capital ratio
  • 10.73%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $461,364Average earning assets
  • $38,686Average equity
  • $421,817Average loans

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