BankFive in Fall River, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


BankFive - Overview

  • General
  • FDIC Certificate #: 23286
    Status: Active
    Federal Reserve ID: 833404
    Bank Holding Company (Regulatory Top Holder): Bankfive, Mhc (RSSDID: 3320978, Location: Fall River, MA)
    Date Established: April 10, 1855
    WWW: http://www.bankfive.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 12488
    FDIC's unique #: 16319
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Commercial Lending Specialization
    Date of Deposit Insurance: January 02, 1981
    Last Structure Change Effective Date: December 22, 2010
    Last Structure Change Process Date: November 15, 2011
    Last Data Update: November 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 79 North Main 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: $720.6 mil
    Equity capital: $67.6 mil
    Deposits held in domestic offices: $613.3 mil
    Return on assets (ROA): 0.49% ($3.5 mil)
    Quarterly return on assets: 0.51% ($3.7 mil)
    Return on Equity (ROE): 5.31% ($3.6 mil)
    Quarterly return on equity: 5.49% ($3.7 mil)
    Net income: $3.5 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 0.70% ($5,044.2 mil)
    Quarterly Pretax return on assets: 0.72% ($5,188.3 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, 2011)

  • Dollar figures in thousands
  • 187Total employees (full-time equivalent)
  • $720,602Total assets
  • $67,542Cash and due from depository institutions
  • $46,273Interest-bearing balances
  • $123,982Securities
  • $114Federal funds sold & reverse repurchase agreements
  • $473,174Net loans & leases
  • $6,765Loan loss allowance
  • $0Trading account assets
  • $16,965Bank premises and fixed assets
  • $1,956Other real estate owned
  • $3,618Goodwill and other intangibles
  • $720,602Life insurance assets
  • $33,251All other assets
  • $653,025Total liabilities and capital
  • $613,256Total liabilities
  • $520,115Total deposits
  • $613,256Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $28,626Trading liabilities
  • $0Other borrowed funds
  • $11,143Subordinated debt
  • $67,577All other liabilities
  • $67,577Total equity capital
  • $67,577Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $64,294Surplus
  • $3,283Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,036Income earned, not collected on loans
  • $623Earning assets
  • $2,261Long-term assets (5+ years)
  • $643,543Average Assets, year-to-date
  • $271,966Average Assets, quarterly
  • $725,531Volatile liabilities
  • $733,208Insider loans
  • $488,326FHLB advances
  • $726,837Loans and leases held for sale
  • $16,686Unused loan commitments
  • $16,686Tier 1 (core) risk-based capital
  • $64,505Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $74,231Restructured Loans and leases
  • $316Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,067Total interest income
  • $6,819Total interest expense
  • $24,248Net interest income
  • $1,103Provision for loan and lease losses
  • $4,740Total noninterest income
  • $0Fiduciary activities
  • $1,445Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,295Additional noninterest income
  • $23,432Total noninterest expense
  • $12,561Salaries and employee benefits
  • $2,512Premises and equipment expense
  • $8,359Additional noninterest expense
  • $4,453Pre-tax net operating income
  • $597Securities gains (losses)
  • $1,518Applicable income taxes
  • $3,532Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,532Net income attributable to bank
  • $0Net charge-offs
  • $3,532Cash dividends
  • $1,306Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.73%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 3.61%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 5.31%Return on equity (ROE)
  • 5.31%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 84.46%Credit loss provision to net charge-offs
  • 4.25%Efficiency ratio
  • 79,802Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 84.18%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 1.67%Net loans and leases to deposits
  • 77.16%Net loans and leases to core deposits
  • 84.37%Equity capital to assets
  • 9.38%Core capital (leverage) ratio
  • 8.87%Tier 1 risk-based capital ratio
  • 13.21%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $725,531Average earning assets
  • $66,476Average equity
  • $649,460Average loans

List of branches

  • 13 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016319Bankfive79 North Main Street, Fall River, MA 2720April 10, 1855Full Service Brick and Mortar
    1291112Main Street Branch1501 South Main Street, Fall River, MA 2724May 03, 1972Full Service Brick and Mortar
    2291113Pleasant Street Branch1301 Pleasant Street, Fall River, MA 2723May 30, 1974Full Service Brick and Mortar
    3291114North Branch4171 North Main Street, Fall River, MA 2720January 05, 1976Full Service Brick and Mortar
    4291115Swansea Branch497 Milford Road, Swansea, MA 2777Febuary 02, 1976Full Service Brick and Mortar
    5291116President Avenue Branch1604 President Avenue, Fall River, MA 2720January 23, 1978Full Service Brick and Mortar
    7256135County Street Branch54 County Street, Somerset, MA 2726October 31, 1988Full Service Brick and Mortar
    9256137Dartmouth Branch136 Faunce Corner Mall Road, Dartmouth, MA 2748December 15, 1998Full Service Brick and Mortar
    10450695New Bedford Branch174 Union Street, New Bedford, MA 2740April 03, 2006Full Service Brick and Mortar
    11461454Thirteenth Street Branch55 Thirteenth Street, Fall River, MA 2721March 05, 2007Full Service Brick and Mortar
    12462792Fairhaven Branch105 Huttleston Avenue, Fairhaven, MA 2719April 02, 2007Full Service Brick and Mortar
    1316002Luzo Community Bank Branch160 County Street, New Bedford, MA 2740March 14, 1979Full Service Brick and Mortar
    14255556New Bedford Branch1724 Acushnet Avenue, New Bedford, MA 2746June 15, 1987Full Service Brick and Mortar

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