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

This bank is inactive as of April 29, 2004

  • Abington Savings Bank in Abington, Massachusetts (MA)
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Abington Savings Bank - Overview

  • General
  • FDIC Certificate #: 22051
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Compass Bank for Savings (#23291)
    Federal Reserve ID: 282208
    Date Established: January 01, 1853
    WWW: http://www.abingtonsavings.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 18 (Interstate: No)
    OTS Docket #: 8394
    FDIC's unique #: 15303
    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: July 01, 1975
    Last Structure Change Effective Date: April 29, 2004
    Last Structure Change Process Date: May 19, 2004
    Last Data Update: May 19, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 533 Washington Street, 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)
  • Financial Summary
  • Total assets: $815.5 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, 2003)

  • Dollar figures in thousands
  • 288Total employees (full-time equivalent)
  • $819,053Total assets
  • $27,536Cash and due from depository institutions
  • $0Interest-bearing balances
  • $342,813Securities
  • $6,034Federal funds sold & reverse repurchase agreements
  • $392,862Net loans & leases
  • $4,214Loan loss allowance
  • $0Trading account assets
  • $10,914Bank premises and fixed assets
  • $238Other real estate owned
  • $9,789Goodwill and other intangibles
  • $0Life insurance assets
  • $28,867All other assets
  • $819,053Total liabilities and capital
  • $750,365Total liabilities
  • $653,100Total deposits
  • $549,266Interest-bearing deposits
  • $653,100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,469Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $79,135Other borrowed funds
  • $0Subordinated debt
  • $9,661All other liabilities
  • $68,688Total equity capital
  • $68,688Total bank equity capital
  • $68,688Perpetual preferred stock
  • $0Common stock
  • $189Surplus
  • $17,613Undivided profits
  • Memoranda
  • $50,886Noncurrent loans and leases
  • $72,101Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,312Earning assets
  • $0Long-term assets (5+ years)
  • $2,663Average Assets, year-to-date
  • $741,709Average Assets, quarterly
  • $402,477Volatile liabilities
  • $902,167Insider loans
  • $823,287FHLB advances
  • $56,394Loans and leases held for sale
  • $0Unused loan commitments
  • $79,135Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,994Total risk weighted assets
  • $72,101Total unused commitments
  • $0Restructured Loans and leases
  • $4,214Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $39,433Total interest income
  • $14,519Total interest expense
  • $24,914Net interest income
  • $375Provision for loan and lease losses
  • $18,486Total noninterest income
  • $0Fiduciary activities
  • $8,820Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,666Additional noninterest income
  • $36,850Total noninterest expense
  • $17,956Salaries and employee benefits
  • $4,745Premises and equipment expense
  • $14,149Additional noninterest expense
  • $6,175Pre-tax net operating income
  • $773Securities gains (losses)
  • $2,588Applicable income taxes
  • $4,360Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,360Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $373Sale, conversion, retirement of capital stock, net
  • $2,050Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 1.76%Cost of funding earning assets
  • 3.02%Net interest margin
  • 2.24%Noninterest income to earning assets
  • 4.47%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 6.22%Return on equity (ROE)
  • 3.30%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 100.54%Credit loss provision to net charge-offs
  • 17.56%Efficiency ratio
  • 83,532Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.02%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 321.19%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 60.15%Net loans and leases to core deposits
  • 64.92%Equity capital to assets
  • 8.39%Core capital (leverage) ratio
  • 6.84%Tier 1 risk-based capital ratio
  • 13.89%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $902,167Average earning assets
  • $70,060Average equity
  • $824,408Average loans

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