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


Avon Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26617
    Status: Active
    Federal Reserve ID: 178271
    Date Established: January 01, 1914
    WWW: http://www.avoncoopbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 35341
    Numeric code: 15
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: April 03, 1986
    Last Structure Change Effective Date: September 16, 2008
    Last Structure Change Process Date: October 28, 2008
    Last Data Update: October 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 East Main Street, Avon, MA 2322
    County: Norfolk
    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): Brockton, MA (#1200)
    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
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $67.9 mil
    Equity capital: $8.6 mil
    Deposits held in domestic offices: $58.8 mil
    Return on assets (ROA): 0.37% ($0.3 mil)
    Quarterly return on assets: 0.37% ($0.3 mil)
    Return on Equity (ROE): 2.95% ($0.3 mil)
    Quarterly return on equity: 2.91% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.41% ($278.3 mil)
    Quarterly Pretax return on assets: 0.40% ($271.5 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
  • 13Total employees (full-time equivalent)
  • $67,868Total assets
  • $4,688Cash and due from depository institutions
  • $3,369Interest-bearing balances
  • $20,965Securities
  • $170Federal funds sold & reverse repurchase agreements
  • $38,852Net loans & leases
  • $203Loan loss allowance
  • $0Trading account assets
  • $1,551Bank premises and fixed assets
  • $0Other real estate owned
  • $69Goodwill and other intangibles
  • $67,868Life insurance assets
  • $1,573All other assets
  • $59,286Total liabilities and capital
  • $58,847Total liabilities
  • $56,338Total deposits
  • $58,847Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $439Subordinated debt
  • $8,582All other liabilities
  • $8,582Total equity capital
  • $8,582Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $8,185Surplus
  • $397Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $869Income earned, not collected on loans
  • $0Earning assets
  • $250Long-term assets (5+ years)
  • $63,356Average Assets, year-to-date
  • $24,086Average Assets, quarterly
  • $66,481Volatile liabilities
  • $67,281Insider loans
  • $28,034FHLB advances
  • $67,285Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,185Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,794Restructured Loans and leases
  • $522Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,684Total interest income
  • $690Total interest expense
  • $1,994Net interest income
  • $5Provision for loan and lease losses
  • $214Total noninterest income
  • $0Fiduciary activities
  • $5Service charges on deposit accounts
  • $0Trading account gains & fees
  • $209Additional noninterest income
  • $1,987Total noninterest expense
  • $1,012Salaries and employee benefits
  • $227Premises and equipment expense
  • $748Additional noninterest expense
  • $216Pre-tax net operating income
  • $56Securities gains (losses)
  • $25Applicable income taxes
  • $247Income before extraordinary items
  • $0Extraordinary gains - net
  • $247Net income attributable to bank
  • $0Net charge-offs
  • $247Cash dividends
  • $89Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 3.21%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 2.95%Return on equity (ROE)
  • 2.95%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 5.62%Credit loss provision to net charge-offs
  • 2.48%Efficiency ratio
  • 89,991Assets per employee
  • 5.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.52%Loss allowance to noncurrent loans
  • 23.36%Noncurrent assets plus other real estate owned to assets
  • 1.28%Noncurrent loans to loans
  • 2.23%Net loans and leases to deposits
  • 66.02%Net loans and leases to core deposits
  • 70.76%Equity capital to assets
  • 12.65%Core capital (leverage) ratio
  • 12.16%Tier 1 risk-based capital ratio
  • 29.20%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $66,481Average earning assets
  • $8,382Average equity
  • $62,085Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035341Avon Co-Operative Bank1 East Main Street, Avon, MA 2322January 01, 1914Full Service Brick and Mortar

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