Blue Hills Bank in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Blue Hills Bank - Overview

  • General
  • FDIC Certificate #: 90160
    Status: Active
    Federal Reserve ID: 28406
    Bank Holding Company (Regulatory Top Holder): Hyde Park Bancorp Mhc (RSSDID: 3742020, Location: Hyde Park, MA)
    Date Established: January 01, 1871
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 17755
    Numeric code: 41
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: November 08, 1985
    Last Structure Change Effective Date: November 01, 2011
    Last Structure Change Process Date: November 01, 2011
    Last Data Update: November 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1196 River Street, Boston, MA 2136
    County: Suffolk
    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): 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
  • Name Change
  • Financial Summary
  • Total assets: $960.6 mil
    Equity capital: $152.3 mil
    Deposits held in domestic offices: $759.7 mil
    Return on assets (ROA): 0.76% ($7.3 mil)
    Quarterly return on assets: 1.54% ($14.8 mil)
    Return on Equity (ROE): 4.70% ($7.1 mil)
    Quarterly return on equity: 9.52% ($14.5 mil)
    Net income: $7.0 mil
    Quarterly Net income: $3.7 mil
    Pretax return on assets: 1.00% ($9,606.5 mil)
    Quarterly Pretax return on assets: 1.98% ($19,020.9 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, 2011)

  • Dollar figures in thousands
  • 122Total employees (full-time equivalent)
  • $960,649Total assets
  • $64,872Cash and due from depository institutions
  • $52,648Interest-bearing balances
  • $547,475Securities
  • $4,041Federal funds sold & reverse repurchase agreements
  • $276,912Net loans & leases
  • $3,486Loan loss allowance
  • $0Trading account assets
  • $8,174Bank premises and fixed assets
  • $133Other real estate owned
  • $137Goodwill and other intangibles
  • $960,649Life insurance assets
  • $58,905All other assets
  • $808,316Total liabilities and capital
  • $759,729Total liabilities
  • $740,280Total deposits
  • $759,729Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,000Trading liabilities
  • $0Other borrowed funds
  • $8,587Subordinated debt
  • $152,333All other liabilities
  • $152,333Total equity capital
  • $152,333Total bank equity capital
  • $0Perpetual preferred stock
  • $5Common stock
  • $0Surplus
  • $152,328Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,781Income earned, not collected on loans
  • $0Earning assets
  • $5,891Long-term assets (5+ years)
  • $881,076Average Assets, year-to-date
  • $496,286Average Assets, quarterly
  • $926,534Volatile liabilities
  • $963,289Insider loans
  • $515,495FHLB advances
  • $953,190Loans and leases held for sale
  • $31,920Unused loan commitments
  • $31,920Tier 1 (core) risk-based capital
  • $142,366Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,428Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,972Total interest income
  • $8,938Total interest expense
  • $23,034Net interest income
  • $726Provision for loan and lease losses
  • $3,362Total noninterest income
  • $0Fiduciary activities
  • $469Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,893Additional noninterest income
  • $21,962Total noninterest expense
  • $10,327Salaries and employee benefits
  • $2,455Premises and equipment expense
  • $9,180Additional noninterest expense
  • $3,708Pre-tax net operating income
  • $5,557Securities gains (losses)
  • $2,230Applicable income taxes
  • $7,035Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,035Net income attributable to bank
  • $0Net charge-offs
  • $7,035Cash dividends
  • $103Sale, conversion, retirement of capital stock, net
  • $10,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.73%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 2.69%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 4.70%Return on equity (ROE)
  • -1.98%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 704.85%Credit loss provision to net charge-offs
  • 43.05%Efficiency ratio
  • 83,202Assets per employee
  • 7.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 142.15%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 195.73%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 36.45%Net loans and leases to core deposits
  • 38.86%Equity capital to assets
  • 15.86%Core capital (leverage) ratio
  • 14.94%Tier 1 risk-based capital ratio
  • 27.62%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $926,534Average earning assets
  • $149,616Average equity
  • $856,250Average loans

List of branches

  • 6 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017755Blue Hills Bank1196 River Street, Boston, MA 2136January 01, 1871Full Service Brick and Mortar
    1290994Truman Parkway Branch1065 Truman Parkway, Boston, MA 2136November 01, 1977Full Service Brick and Mortar
    2249735Dedham Branch741 Providence Highway, Dedham, MA 2026July 23, 1979Full Service Brick and Mortar
    3290995Norwood Branch111 Lenox Street, Norwood, MA 2062November 01, 1998Full Service Brick and Mortar
    4426810West Roxbury Branch1920 Centre Street, West Roxbury, MA 2132March 22, 2004Full Service Brick and Mortar
    5463801Brookline Branch1337 Beacon Street, Brookline, MA 2446May 30, 2007Full Service Brick and Mortar

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