Adams Co-operative Bank in Adams, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 25, 2012

  • Adams Co-operative Bank in Adams, Massachusetts (MA)
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Adams Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26568
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Adams Community Bank (#90140)
    Federal Reserve ID: 58074
    Date Established: January 01, 1895
    WWW: http://www.adamscooperative.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12676
    FDIC's unique #: 35268
    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: Febuary 28, 1986
    Last Structure Change Effective Date: Febuary 25, 2012
    Last Structure Change Process Date: March 02, 2012
    Last Data Update: March 02, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 93 Park Street, Adams, MA 1220
    County: Berkshire
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Pittsfield, MA (#6320)
    Core Based Statistical Area (CBSA): Pittsfield, MA (#38340)
    CBSA Metro Statistical Area: Pittsfield, MA (#38340)
  • Financial Summary
  • Total assets: $193.4 mil
    Equity capital: $18.9 mil
    Deposits held in domestic offices: $148.3 mil
    Return on assets (ROA): 0.17% ($0.3 mil)
    Quarterly return on assets: 0.12% ($0.2 mil)
    Return on Equity (ROE): 1.83% ($0.3 mil)
    Quarterly return on equity: 1.23% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.22% ($425.5 mil)
    Quarterly Pretax return on assets: 0.11% ($212.8 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)
  • $193,424Total assets
  • $2,241Cash and due from depository institutions
  • $112Interest-bearing balances
  • $14,296Securities
  • $9,120Federal funds sold & reverse repurchase agreements
  • $151,804Net loans & leases
  • $1,557Loan loss allowance
  • $0Trading account assets
  • $3,985Bank premises and fixed assets
  • $790Other real estate owned
  • $0Goodwill and other intangibles
  • $193,424Life insurance assets
  • $11,188All other assets
  • $174,489Total liabilities and capital
  • $148,279Total liabilities
  • $140,364Total deposits
  • $148,279Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $1,210Subordinated debt
  • $18,935All other liabilities
  • $18,935Total equity capital
  • $18,935Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $18,619Surplus
  • $316Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,606Income earned, not collected on loans
  • $0Earning assets
  • $560Long-term assets (5+ years)
  • $175,332Average Assets, year-to-date
  • $80,273Average Assets, quarterly
  • $194,584Volatile liabilities
  • $194,906Insider loans
  • $117,309FHLB advances
  • $193,225Loans and leases held for sale
  • $5,578Unused loan commitments
  • $5,578Tier 1 (core) risk-based capital
  • $17,862Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,893Restructured Loans and leases
  • $885Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,665Total interest income
  • $2,650Total interest expense
  • $6,015Net interest income
  • $499Provision for loan and lease losses
  • $683Total noninterest income
  • $0Fiduciary activities
  • $405Service charges on deposit accounts
  • $0Trading account gains & fees
  • $278Additional noninterest income
  • $5,835Total noninterest expense
  • $2,830Salaries and employee benefits
  • $623Premises and equipment expense
  • $2,382Additional noninterest expense
  • $364Pre-tax net operating income
  • $58Securities gains (losses)
  • $82Applicable income taxes
  • $340Income before extraordinary items
  • $0Extraordinary gains - net
  • $340Net income attributable to bank
  • $0Net charge-offs
  • $340Cash dividends
  • $845Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 3.41%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.17%Return on assets (ROA)
  • 0.22%Pretax return on assets
  • 1.83%Return on equity (ROE)
  • 1.83%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 59.05%Credit loss provision to net charge-offs
  • 1.02%Efficiency ratio
  • 87,116Assets per employee
  • 4.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 23.57%Noncurrent assets plus other real estate owned to assets
  • 3.82%Noncurrent loans to loans
  • 4.31%Net loans and leases to deposits
  • 102.38%Net loans and leases to core deposits
  • 109.65%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 9.24%Tier 1 risk-based capital ratio
  • 15.23%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $194,584Average earning assets
  • $18,581Average equity
  • $176,272Average loans

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