Asian American Bank and Trust Company in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 29, 2005

  • Asian American Bank and Trust Company in Boston, Massachusetts (MA)
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Asian American Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 33825
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Commercial Bank (#32469)
    Federal Reserve ID: 2074256
    Date Established: August 11, 1993
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 13535
    FDIC's unique #: 48130
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 11, 1993
    Last Structure Change Effective Date: November 29, 2005
    Last Structure Change Process Date: December 12, 2005
    Last Data Update: December 12, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 68 Harrison Avenue, Boston, MA 2111
    County: Suffolk
    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): 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)
  • Financial Summary
  • Total assets: $130.3 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, 2004)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $130,597Total assets
  • $3,174Cash and due from depository institutions
  • $294Interest-bearing balances
  • $30,779Securities
  • $4,300Federal funds sold & reverse repurchase agreements
  • $87,183Net loans & leases
  • $774Loan loss allowance
  • $0Trading account assets
  • $2,618Bank premises and fixed assets
  • $521Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,022All other assets
  • $130,597Total liabilities and capital
  • $113,208Total liabilities
  • $107,928Total deposits
  • $83,273Interest-bearing deposits
  • $107,928Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,469Other borrowed funds
  • $0Subordinated debt
  • $811All other liabilities
  • $17,389Total equity capital
  • $17,389Total bank equity capital
  • $17,389Perpetual preferred stock
  • $0Common stock
  • $1,585Surplus
  • $13,534Undivided profits
  • Memoranda
  • $2,270Noncurrent loans and leases
  • $11,882Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $609Average Assets, year-to-date
  • $122,556Average Assets, quarterly
  • $26,790Volatile liabilities
  • $124,106Insider loans
  • $128,468FHLB advances
  • $10,505Loans and leases held for sale
  • $1,198Unused loan commitments
  • $4,469Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,882Total unused commitments
  • $0Restructured Loans and leases
  • $774Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $6,315Total interest income
  • $1,011Total interest expense
  • $5,304Net interest income
  • $194Provision for loan and lease losses
  • $442Total noninterest income
  • $0Fiduciary activities
  • $148Service charges on deposit accounts
  • $0Trading account gains & fees
  • $294Additional noninterest income
  • $5,064Total noninterest expense
  • $2,889Salaries and employee benefits
  • $585Premises and equipment expense
  • $1,590Additional noninterest expense
  • $488Pre-tax net operating income
  • $13Securities gains (losses)
  • $181Applicable income taxes
  • $320Income before extraordinary items
  • $0Extraordinary gains - net
  • $320Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.43%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 4.56%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 4.35%Noninterest expense to earning assets
  • 0.25%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 1.84%Return on equity (ROE)
  • 1.84%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,131Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 80.78%Net loans and leases to core deposits
  • 88.13%Equity capital to assets
  • 13.32%Core capital (leverage) ratio
  • 13.70%Tier 1 risk-based capital ratio
  • 19.83%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $124,106Average earning assets
  • $17,381Average equity
  • $116,329Average loans

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