Bank of Fall River, a Co-operative Bank in Fall River, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2011

  • Bank of Fall River, a Co-operative Bank in Fall River, Massachusetts (MA)
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Bank of Fall River, a Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26551
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BayCoast Bank (#90196)
    Federal Reserve ID: 121576
    Date Established: January 01, 1888
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    OTS Docket #: 13445
    FDIC's unique #: 35241
    Numeric code: 15
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 05, 1986
    Last Structure Change Effective Date: January 01, 2011
    Last Structure Change Process Date: January 21, 2011
    Last Data Update: January 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 Bedford Street, Fall River, MA 2720
    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
    Metropolitan Statistical Area (MSA): Providence-Fall River-Warwick, RI-MA (#6480)
    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)
  • Financial Summary
  • Total assets: $163.9 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, 2010)

  • Dollar figures in thousands
  • 47Total employees (full-time equivalent)
  • $163,908Total assets
  • $17,524Cash and due from depository institutions
  • $16,513Interest-bearing balances
  • $39,686Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,317Net loans & leases
  • $1,862Loan loss allowance
  • $0Trading account assets
  • $1,063Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,318All other assets
  • $163,908Total liabilities and capital
  • $150,845Total liabilities
  • $143,007Total deposits
  • $128,028Interest-bearing deposits
  • $143,007Deposits held in domestic offices
  • 90.47%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,000Other borrowed funds
  • $0Subordinated debt
  • $838All other liabilities
  • $13,063Total equity capital
  • $13,063Total bank equity capital
  • $13,063Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $12,860Undivided profits
  • Memoranda
  • $203Noncurrent loans and leases
  • $6,325Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,032Earning assets
  • $0Long-term assets (5+ years)
  • $488Average Assets, year-to-date
  • $158,516Average Assets, quarterly
  • $63,860Volatile liabilities
  • $162,054Insider loans
  • $164,248FHLB advances
  • $27,732Loans and leases held for sale
  • $0Unused loan commitments
  • $7,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,325Total unused commitments
  • $280Restructured Loans and leases
  • $1,144Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $7,714Total interest income
  • $2,090Total interest expense
  • $5,624Net interest income
  • $0Provision for loan and lease losses
  • $598Total noninterest income
  • $0Fiduciary activities
  • $460Service charges on deposit accounts
  • $0Trading account gains & fees
  • $138Additional noninterest income
  • $5,921Total noninterest expense
  • $3,874Salaries and employee benefits
  • $332Premises and equipment expense
  • $1,715Additional noninterest expense
  • $301Pre-tax net operating income
  • -$38Securities gains (losses)
  • $63Applicable income taxes
  • $200Income before extraordinary items
  • $0Extraordinary gains - net
  • $200Net income attributable to bank
  • $0Net charge-offs
  • $200Cash dividends
  • $46Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.16%Pretax return on assets
  • 1.54%Return on equity (ROE)
  • 1.54%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 6.54%Efficiency ratio
  • 95,162Assets per employee
  • 3.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 46.18%Noncurrent assets plus other real estate owned to assets
  • 2.46%Noncurrent loans to loans
  • 3.87%Net loans and leases to deposits
  • 71.55%Net loans and leases to core deposits
  • 88.76%Equity capital to assets
  • 7.97%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 14.17%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $162,054Average earning assets
  • $13,006Average equity
  • $156,012Average loans

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