Bank of Easton in North Easton, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Easton - Overview

  • General
  • FDIC Certificate #: 26554
    Status: Active
    Federal Reserve ID: 956376
    Date Established: January 01, 1889
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12613
    FDIC's unique #: 35249
    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: Febuary 04, 1986
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 275 Washington Street, North Easton, MA 2356
    County: Bristol
    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
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $110.3 mil
    Equity capital: $11.8 mil
    Deposits held in domestic offices: $88.6 mil
    Return on assets (ROA): 0.61% ($0.7 mil)
    Quarterly return on assets: 0.71% ($0.8 mil)
    Return on Equity (ROE): 5.71% ($0.7 mil)
    Quarterly return on equity: 6.63% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.74% ($816.0 mil)
    Quarterly Pretax return on assets: 0.80% ($882.1 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
  • 18Total employees (full-time equivalent)
  • $110,266Total assets
  • $13,716Cash and due from depository institutions
  • $10,630Interest-bearing balances
  • $31,861Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $56,634Net loans & leases
  • $365Loan loss allowance
  • $0Trading account assets
  • $3,569Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $110,266Life insurance assets
  • $4,486All other assets
  • $98,417Total liabilities and capital
  • $88,647Total liabilities
  • $73,355Total deposits
  • $88,647Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,100Trading liabilities
  • $0Other borrowed funds
  • $670Subordinated debt
  • $11,849All other liabilities
  • $11,849Total equity capital
  • $11,849Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $11,291Surplus
  • $558Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $991Income earned, not collected on loans
  • $0Earning assets
  • $331Long-term assets (5+ years)
  • $99,125Average Assets, year-to-date
  • $52,849Average Assets, quarterly
  • $106,988Volatile liabilities
  • $110,498Insider loans
  • $50,508FHLB advances
  • $109,623Loans and leases held for sale
  • $2,607Unused loan commitments
  • $2,607Tier 1 (core) risk-based capital
  • $11,291Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,902Restructured Loans and leases
  • $888Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,549Total interest income
  • $820Total interest expense
  • $2,729Net interest income
  • $26Provision for loan and lease losses
  • $418Total noninterest income
  • $0Fiduciary activities
  • $191Service charges on deposit accounts
  • $0Trading account gains & fees
  • $227Additional noninterest income
  • $2,325Total noninterest expense
  • $1,211Salaries and employee benefits
  • $316Premises and equipment expense
  • $798Additional noninterest expense
  • $796Pre-tax net operating income
  • $1Securities gains (losses)
  • $146Applicable income taxes
  • $651Income before extraordinary items
  • $0Extraordinary gains - net
  • $651Net income attributable to bank
  • $0Net charge-offs
  • $651Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.67%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 2.82%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 5.71%Return on equity (ROE)
  • 5.71%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 650.00%Credit loss provision to net charge-offs
  • 205.50%Efficiency ratio
  • 73,880Assets per employee
  • 6.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.64%Loss allowance to noncurrent loans
  • 36.83%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 1.74%Net loans and leases to deposits
  • 63.89%Net loans and leases to core deposits
  • 67.17%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 10.30%Tier 1 risk-based capital ratio
  • 22.35%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $106,988Average earning assets
  • $11,403Average equity
  • $96,730Average loans

List of branches

  • 2 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035249Bank Of Easton275 Washington Street, North Easton, MA 2356January 01, 1889Full Service Brick and Mortar
    3466232South Easton Branch12 Robert Drive, South Easton, MA 2375May 21, 2007Full Service Brick and Mortar

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