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


Abington Bank - Overview

  • General
  • FDIC Certificate #: 26549
    Status: Active
    Federal Reserve ID: 117672
    Date Established: January 01, 1888
    WWW: http://www.theabingtonbank.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)
    FDIC's unique #: 35239
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: Febuary 12, 1986
    Last Structure Change Effective Date: October 21, 2008
    Last Structure Change Process Date: January 28, 2009
    Last Data Update: January 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 6 Harrison Avenue, Abington, MA 2351
    County: Plymouth
    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): Brockton, MA (#1200)
    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
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $101.0 mil
    Equity capital: $9.4 mil
    Deposits held in domestic offices: $83.8 mil
    Return on assets (ROA): 0.44% ($0.4 mil)
    Quarterly return on assets: 0.76% ($0.8 mil)
    Return on Equity (ROE): 4.74% ($0.4 mil)
    Quarterly return on equity: 8.28% ($0.7 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.71% ($717.4 mil)
    Quarterly Pretax return on assets: 1.25% ($1,263.0 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
  • 21Total employees (full-time equivalent)
  • $101,038Total assets
  • $3,506Cash and due from depository institutions
  • $1,196Interest-bearing balances
  • $18,904Securities
  • $1,298Federal funds sold & reverse repurchase agreements
  • $73,836Net loans & leases
  • $658Loan loss allowance
  • $0Trading account assets
  • $1,107Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $101,038Life insurance assets
  • $2,387All other assets
  • $91,652Total liabilities and capital
  • $83,835Total liabilities
  • $74,690Total deposits
  • $83,835Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,700Trading liabilities
  • $0Other borrowed funds
  • $1,117Subordinated debt
  • $9,386All other liabilities
  • $9,386Total equity capital
  • $9,386Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $9,066Surplus
  • $320Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $917Income earned, not collected on loans
  • $0Earning assets
  • $300Long-term assets (5+ years)
  • $95,234Average Assets, year-to-date
  • $39,346Average Assets, quarterly
  • $97,708Volatile liabilities
  • $100,608Insider loans
  • $60,367FHLB advances
  • $99,883Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,066Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $652Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,263Total interest income
  • $826Total interest expense
  • $3,437Net interest income
  • $88Provision for loan and lease losses
  • $529Total noninterest income
  • $0Fiduciary activities
  • $241Service charges on deposit accounts
  • $0Trading account gains & fees
  • $288Additional noninterest income
  • $3,207Total noninterest expense
  • $1,793Salaries and employee benefits
  • $293Premises and equipment expense
  • $1,121Additional noninterest expense
  • $671Pre-tax net operating income
  • $27Securities gains (losses)
  • $271Applicable income taxes
  • $427Income before extraordinary items
  • $0Extraordinary gains - net
  • $427Net income attributable to bank
  • $0Net charge-offs
  • $427Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.50%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 4.74%Return on equity (ROE)
  • 4.74%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 4400.00%Credit loss provision to net charge-offs
  • 379.50%Efficiency ratio
  • 80,862Assets per employee
  • 4.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 71.76%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 88.07%Net loans and leases to core deposits
  • 90.29%Equity capital to assets
  • 9.29%Core capital (leverage) ratio
  • 9.08%Tier 1 risk-based capital ratio
  • 15.02%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $97,708Average earning assets
  • $9,001Average equity
  • $91,690Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035239Abington Bank6 Harrison Avenue, Abington, MA 2351January 01, 1888Full Service Brick and Mortar

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