FDIC Certificate #: 26478 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Provident Bank (#90141) Federal Reserve ID: 945679 Date Established: January 01, 1886 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 33144 Numeric code: 42 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: January 02, 1986 Last Structure Change Effective Date: March 01, 2001 Last Structure Change Process Date: March 13, 2001 Last Data Update: March 13, 2001 Data Source Date: April 05, 2012
Location
Address: One Market Square, Amesbury, MA 1913 County: Essex 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: Peabody, MA (#37764)
Financial Summary
Total assets: $21.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
5Total employees (full-time equivalent)
$21,042Total assets
$894Cash and due from depository institutions
$0Interest-bearing balances
$4,472Securities
$450Federal funds sold & reverse repurchase agreements
$14,885Net loans & leases
$124Loan loss allowance
$0Trading account assets
$217Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$124All other assets
$21,042Total liabilities and capital
$19,145Total liabilities
$19,026Total deposits
$18,627Interest-bearing deposits
$19,026Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$119All other liabilities
$1,897Total equity capital
$1,897Total bank equity capital
$1,897Perpetual preferred stock
$0Common stock
$0Surplus
$1,935Undivided profits
Memoranda
$-38Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$77Earning assets
$0Long-term assets (5+ years)
$66Average Assets, year-to-date
$19,807Average Assets, quarterly
$12,944Volatile liabilities
$21,522Insider loans
$21,253FHLB advances
$2,597Loans and leases held for sale
$172Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$124Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$1,486Total interest income
$859Total interest expense
$627Net interest income
$0Provision for loan and lease losses
$39Total noninterest income
$0Fiduciary activities
$16Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$603Total noninterest expense
$259Salaries and employee benefits
$66Premises and equipment expense
$278Additional noninterest expense
$63Pre-tax net operating income
$0Securities gains (losses)
$16Applicable income taxes
$47Income before extraordinary items
$0Extraordinary gains - net
$47Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.36%Yield on earning assets
4.25%Cost of funding earning assets
3.11%Net interest margin
0.19%Noninterest income to earning assets
2.99%Noninterest expense to earning assets
0.22%Net operating income to assets
0.22%Return on assets (ROA)
0.29%Pretax return on assets
2.51%Return on equity (ROE)
2.51%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
90,541Assets per employee
4.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
161.04%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.51%Net loans and leases to deposits
78.24%Net loans and leases to core deposits
90.60%Equity capital to assets
9.02%Core capital (leverage) ratio
8.78%Tier 1 risk-based capital ratio
16.31%Total risk-based capital ratio
Memoranda
$17Average assets
$21,522Average earning assets
$1,870Average equity
$20,189Average loans
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