FDIC Certificate #: 27238 Status: Active Federal Reserve ID: 268976 Date Established: January 01, 1893 WWW:http://www.wcbonline.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 4390 FDIC's unique #: 39178 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: 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: Mortgage Lending Specialization Date of Deposit Insurance: April 22, 1988 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 19 Church Street, Winchester, MA 1890 County: Middlesex 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: Cambridge-Newton-Framingham, MA (#15764)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $537.0 mil Equity capital: $56.8 mil Deposits held in domestic offices: $477.8 mil Return on assets (ROA): 0.75% ($4.0 mil) Quarterly return on assets: 0.84% ($4.5 mil) Return on Equity (ROE): 6.96% ($4.0 mil) Quarterly return on equity: 7.83% ($4.5 mil) Net income: $3.8 mil Quarterly Net income: $1.1 mil Pretax return on assets: 1.21% ($6,497.4 mil) Quarterly Pretax return on assets: 1.37% ($7,356.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
42Total employees (full-time equivalent)
$536,976Total assets
$99,668Cash and due from depository institutions
$91,413Interest-bearing balances
$99,166Securities
$0Federal funds sold & reverse repurchase agreements
$328,711Net loans & leases
$1,746Loan loss allowance
$0Trading account assets
$2,117Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$536,976Life insurance assets
$7,314All other assets
$480,213Total liabilities and capital
$477,843Total liabilities
$458,256Total deposits
$477,843Interest-bearing deposits
$80Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,370Subordinated debt
$56,763All other liabilities
$56,763Total equity capital
$56,763Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$56,763Surplus
$0Undivided profits
Memoranda
$0Noncurrent loans and leases
$645Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$10,794Income earned, not collected on loans
$0Earning assets
$1,459Long-term assets (5+ years)
$519,290Average Assets, year-to-date
$105,363Average Assets, quarterly
$510,892Volatile liabilities
$526,513Insider loans
$222,158FHLB advances
$522,084Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$56,763Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$24,766Restructured Loans and leases
$735Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$17,821Total interest income
$4,911Total interest expense
$12,910Net interest income
$330Provision for loan and lease losses
$825Total noninterest income
$0Fiduciary activities
$70Service charges on deposit accounts
$0Trading account gains & fees
$755Additional noninterest income
$7,218Total noninterest expense
$4,214Salaries and employee benefits
$596Premises and equipment expense
$2,408Additional noninterest expense
$6,187Pre-tax net operating income
$0Securities gains (losses)
$2,374Applicable income taxes
$3,813Income before extraordinary items
$0Extraordinary gains - net
$3,813Net income attributable to bank
$0Net charge-offs
$3,813Cash dividends
$113Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.61%Yield on earning assets
1.00%Cost of funding earning assets
2.62%Net interest margin
0.17%Noninterest income to earning assets
1.46%Noninterest expense to earning assets
0.75%Net operating income to assets
0.75%Return on assets (ROA)
1.21%Pretax return on assets
6.96%Return on equity (ROE)
6.96%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
292.04%Credit loss provision to net charge-offs
57.67%Efficiency ratio
52,552Assets per employee
12.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.53%Loss allowance to noncurrent loans
16.18%Noncurrent assets plus other real estate owned to assets
2.01%Noncurrent loans to loans
3.27%Net loans and leases to deposits
68.79%Net loans and leases to core deposits
91.15%Equity capital to assets
10.57%Core capital (leverage) ratio
10.87%Tier 1 risk-based capital ratio
25.55%Total risk-based capital ratio
Memoranda
$26Average assets
$510,892Average earning assets
$54,769Average equity
$493,167Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
39178
Winchester Co-Operative Bank
19 Church Street, Winchester, MA 1890
January 01, 1893
Full Service Brick and Mortar
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