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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