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

This bank is inactive as of May 11, 1995

  • Bank of Taunton, A Co-operative Bank in Taunton, Massachusetts (MA)
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Bank of Taunton, A Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26598
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: People's Savings Bank of Brockton (#90171)
    Federal Reserve ID: 342072
    Date Established: January 01, 1884
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 35319
    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: March 24, 1986
    Last Structure Change Effective Date: May 11, 1995
    Last Structure Change Process Date: June 29, 1995
    Last Data Update: June 29, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 33 Weir Street, Taunton, MA 2780
    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): 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): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • Financial Summary
  • Total assets: $17.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $11Total assets
  • $19,011Cash and due from depository institutions
  • $1,485Interest-bearing balances
  • $0Securities
  • $1,722Federal funds sold & reverse repurchase agreements
  • $1,162Net loans & leases
  • $13,812Loan loss allowance
  • $313Trading account assets
  • $0Bank premises and fixed assets
  • $173Other real estate owned
  • $490Goodwill and other intangibles
  • $167Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $19,011Total liabilities
  • $18,540Total deposits
  • $18,532Interest-bearing deposits
  • $17,570Deposits held in domestic offices
  • 18532.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $8Total equity capital
  • $8Total bank equity capital
  • $471Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $581Undivided profits
  • Memoranda
  • $-110Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $242Income earned, not collected on loans
  • $75Earning assets
  • $16,696Long-term assets (5+ years)
  • $1,368Average Assets, year-to-date
  • $21,086Average Assets, quarterly
  • $19,385Volatile liabilities
  • $226Insider loans
  • $5FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $47Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $471Total risk weighted assets
  • $9,636Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,336Total interest expense
  • $460Net interest income
  • $876Provision for loan and lease losses
  • $257Total noninterest income
  • $853Fiduciary activities
  • $0Service charges on deposit accounts
  • $108Trading account gains & fees
  • $0Additional noninterest income
  • $745Total noninterest expense
  • $1,749Salaries and employee benefits
  • $530Premises and equipment expense
  • $133Additional noninterest expense
  • $1,086Pre-tax net operating income
  • -$277Securities gains (losses)
  • -$115Applicable income taxes
  • $0Income before extraordinary items
  • -$392Extraordinary gains - net
  • $0Net income attributable to bank
  • -$392Net charge-offs
  • $119Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.59%Cost of funding earning assets
  • 2.61%Net interest margin
  • 4.98%Noninterest income to earning assets
  • 4.85%Noninterest expense to earning assets
  • 9.94%Net operating income to assets
  • -1.31%Return on assets (ROA)
  • -1.86%Pretax return on assets
  • -1.86%Return on equity (ROE)
  • -52.89%Retained earnings to average equity (YTD only)
  • -52.89%Net charge-offs to loans
  • 0.82%Credit loss provision to net charge-offs
  • 215.97%Efficiency ratio
  • 101,157Assets per employee
  • 1.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.22%Loss allowance to noncurrent loans
  • 129.34%Noncurrent assets plus other real estate owned to assets
  • 3.85%Noncurrent loans to loans
  • 1.71%Net loans and leases to deposits
  • 74.53%Net loans and leases to core deposits
  • 75.45%Equity capital to assets
  • 2.48%Core capital (leverage) ratio
  • 2.40%Tier 1 risk-based capital ratio
  • 4.89%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $21,086Average earning assets
  • $741Average equity
  • $17,601Average loans

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