Advantage Bank for Savings in Winthrop, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1993

  • Advantage Bank for Savings in Winthrop, Massachusetts (MA)
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Advantage Bank for Savings - Overview

  • General
  • FDIC Certificate #: 90309
    Status: Inactive
    Closing history: Change in Entity Type
    Acquiring institution: Pioneer Financial, A Cooperative Bank (#27459)
    Federal Reserve ID: 632504
    Date Established: January 01, 1914
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 8392
    FDIC's unique #: 17898
    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: September 27, 1985
    Last Structure Change Effective Date: October 01, 1993
    Last Structure Change Process Date: October 25, 1993
    Last Data Update: October 25, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 25 Bartlett Road, Winthrop, MA 2152
    County: Suffolk
    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: Boston-Quincy, MA (#14484)
  • History of Changes
  • Merger - Without Assistance
    Corrections
    Change in Entity Type
  • Financial Summary
  • Total assets: $99.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $49Total assets
  • $105,629Cash and due from depository institutions
  • $3,541Interest-bearing balances
  • $472Securities
  • $5,982Federal funds sold & reverse repurchase agreements
  • $4,017Net loans & leases
  • $81,275Loan loss allowance
  • $2,216Trading account assets
  • $550Bank premises and fixed assets
  • $3,460Other real estate owned
  • $5,812Goodwill and other intangibles
  • $992Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $105,629Total liabilities
  • $103,274Total deposits
  • $101,213Interest-bearing deposits
  • $96,260Deposits held in domestic offices
  • 101213.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,401Subordinated debt
  • $0All other liabilities
  • $660Total equity capital
  • $660Total bank equity capital
  • $2,355Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $3,315Undivided profits
  • Memoranda
  • $-960Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,626Income earned, not collected on loans
  • $661Earning assets
  • $92,296Long-term assets (5+ years)
  • $15,235Average Assets, year-to-date
  • $108,623Average Assets, quarterly
  • $106,098Volatile liabilities
  • $3,804Insider loans
  • $63FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,237Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,355Total risk weighted assets
  • $78,762Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,600Total interest expense
  • $4,207Net interest income
  • $4,393Provision for loan and lease losses
  • $1,994Total noninterest income
  • $475Fiduciary activities
  • $0Service charges on deposit accounts
  • $335Trading account gains & fees
  • -$70Additional noninterest income
  • $210Total noninterest expense
  • $4,160Salaries and employee benefits
  • $1,723Premises and equipment expense
  • $547Additional noninterest expense
  • $1,890Pre-tax net operating income
  • -$1,286Securities gains (losses)
  • -$12Applicable income taxes
  • $43Income before extraordinary items
  • -$1,341Extraordinary gains - net
  • $381Net income attributable to bank
  • -$960Net charge-offs
  • $1,674Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.89%Cost of funding earning assets
  • 4.35%Net interest margin
  • 4.54%Noninterest income to earning assets
  • 0.49%Noninterest expense to earning assets
  • 4.30%Net operating income to assets
  • -1.22%Return on assets (ROA)
  • -0.88%Pretax return on assets
  • -0.84%Return on equity (ROE)
  • -38.11%Retained earnings to average equity (YTD only)
  • -38.11%Net charge-offs to loans
  • 1.90%Credit loss provision to net charge-offs
  • 119.12%Efficiency ratio
  • 85,456Assets per employee
  • 2.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.65%Loss allowance to noncurrent loans
  • 61.11%Noncurrent assets plus other real estate owned to assets
  • 8.94%Noncurrent loans to loans
  • 4.34%Net loans and leases to deposits
  • 80.30%Net loans and leases to core deposits
  • 82.25%Equity capital to assets
  • 2.23%Core capital (leverage) ratio
  • 2.20%Tier 1 risk-based capital ratio
  • 2.99%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $108,623Average earning assets
  • $2,519Average equity
  • $96,729Average loans

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