BayBank Boston, National Association in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 31, 1995

  • BayBank Boston, National Association in Boston, Massachusetts (MA)
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BayBank Boston, National Association - Overview

  • General
  • FDIC Certificate #: 22772
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: BayBank, National Association (#23564)
    Federal Reserve ID: 162001
    Date Established: December 18, 1978
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 36 (Interstate: No)
    FDIC's unique #: 15900
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 18, 1978
    Last Structure Change Effective Date: October 31, 1995
    Last Structure Change Process Date: December 11, 1995
    Last Data Update: December 11, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 175 Federal Street, Boston, MA 2110
    County: Suffolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North 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): 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
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $1,106.6 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)
  • $443Total assets
  • $994,186Cash and due from depository institutions
  • $221,894Interest-bearing balances
  • $0Securities
  • $26,274Federal funds sold & reverse repurchase agreements
  • $23,957Net loans & leases
  • $675,029Loan loss allowance
  • $20,879Trading account assets
  • $3,961Bank premises and fixed assets
  • $13,402Other real estate owned
  • $4,163Goodwill and other intangibles
  • $25,310Life insurance assets
  • $196All other assets
  • $0Total liabilities and capital
  • $994,186Total liabilities
  • $930,447Total deposits
  • $838,394Interest-bearing deposits
  • $502,853Deposits held in domestic offices
  • 797599.00%% insured (estimated)
  • $73Federal funds purchased & repurchase agreements
  • $75,093Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $4,500All other liabilities
  • $12,460Total equity capital
  • $12,460Total bank equity capital
  • $63,739Perpetual preferred stock
  • $0Common stock
  • $1,250Surplus
  • $27,965Undivided profits
  • Memoranda
  • $34,524Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,787Income earned, not collected on loans
  • $6,731Earning assets
  • $729,221Long-term assets (5+ years)
  • $100,945Average Assets, year-to-date
  • $916,562Average Assets, quarterly
  • $957,228Volatile liabilities
  • $148,132Insider loans
  • $3,118FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $272,161Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $63,543Total risk weighted assets
  • $580,878Total unused commitments
  • $0Restructured Loans and leases
  • $111,840Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $53,060Total interest expense
  • $13,867Net interest income
  • $39,193Provision for loan and lease losses
  • $3,110Total noninterest income
  • $48,676Fiduciary activities
  • $0Service charges on deposit accounts
  • $12,125Trading account gains & fees
  • $4,254Additional noninterest income
  • $32,297Total noninterest expense
  • $67,295Salaries and employee benefits
  • $23,332Premises and equipment expense
  • $9,805Additional noninterest expense
  • $34,158Pre-tax net operating income
  • $17,464Securities gains (losses)
  • $0Applicable income taxes
  • $7,295Income before extraordinary items
  • $10,169Extraordinary gains - net
  • -$7Net income attributable to bank
  • $10,162Net charge-offs
  • $4,901Cash dividends
  • $1,000Sale, 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
  • 7.63%Cost of funding earning assets
  • 1.99%Net interest margin
  • 5.64%Noninterest income to earning assets
  • 7.00%Noninterest expense to earning assets
  • 9.68%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 1.90%Return on equity (ROE)
  • 17.24%Retained earnings to average equity (YTD only)
  • 15.54%Net charge-offs to loans
  • 0.76%Credit loss provision to net charge-offs
  • 63.46%Efficiency ratio
  • 76,586Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.84%Loss allowance to loans
  • 3.00%Loss allowance to noncurrent loans
  • 436.16%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 80.51%Net loans and leases to core deposits
  • 88.20%Equity capital to assets
  • 6.41%Core capital (leverage) ratio
  • 6.92%Tier 1 risk-based capital ratio
  • 10.94%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $916,562Average earning assets
  • $58,949Average equity
  • $695,402Average loans

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