Boston Federal Savings Bank in Burlington, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 21, 2005

  • Boston Federal Savings Bank in Burlington, Massachusetts (MA)
  • Show street view No street view available for this location

Boston Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28511
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 355371
    Date Established: January 01, 1888
    WWW: http://www.bfsb.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1744
    FDIC's unique #: 41345
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 03, 1938
    Last Structure Change Effective Date: January 21, 2005
    Last Structure Change Process Date: Febuary 03, 2005
    Last Data Update: Febuary 03, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 17 New England Executive Park, Burlington, MA 1803
    County: Middlesex
    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: Cambridge-Newton-Framingham, MA (#15764)
  • Financial Summary
  • Total assets: $1,545.5 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, 2004)

  • Dollar figures in thousands
  • 348Total employees (full-time equivalent)
  • $1,545,461Total assets
  • $26,236Cash and due from depository institutions
  • $2,202Interest-bearing balances
  • $173,618Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,233,173Net loans & leases
  • $14,687Loan loss allowance
  • $0Trading account assets
  • $18,050Bank premises and fixed assets
  • $3,287Other real estate owned
  • $23,258Goodwill and other intangibles
  • $26,694Life insurance assets
  • $67,839All other assets
  • $1,545,461Total liabilities and capital
  • $1,423,323Total liabilities
  • $1,070,241Total deposits
  • $989,919Interest-bearing deposits
  • $1,070,241Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $349,107Other borrowed funds
  • $0Subordinated debt
  • $3,975All other liabilities
  • $122,138Total equity capital
  • $122,138Total bank equity capital
  • $122,138Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $60,188Undivided profits
  • Memoranda
  • $61,949Noncurrent loans and leases
  • $200,661Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,818Earning assets
  • $0Long-term assets (5+ years)
  • $5,611Average Assets, year-to-date
  • $1,408,993Average Assets, quarterly
  • $0Volatile liabilities
  • $1,656,600Insider loans
  • $1,614,752FHLB advances
  • $638,320Loans and leases held for sale
  • $1,201Unused loan commitments
  • $349,107Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $200,661Total unused commitments
  • $3,292Restructured Loans and leases
  • $12,241Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $75,702Total interest income
  • $34,690Total interest expense
  • $41,012Net interest income
  • $1,927Provision for loan and lease losses
  • $6,328Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,328Additional noninterest income
  • $46,673Total noninterest expense
  • $27,678Salaries and employee benefits
  • $7,224Premises and equipment expense
  • $11,771Additional noninterest expense
  • -$1,260Pre-tax net operating income
  • $4,735Securities gains (losses)
  • $1,889Applicable income taxes
  • $1,586Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,586Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,114Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 2.28%Cost of funding earning assets
  • 2.70%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • -0.09%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 1.34%Return on equity (ROE)
  • 1.34%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 172.98%Credit loss provision to net charge-offs
  • 0.60%Efficiency ratio
  • 95,955Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 304.84%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 115.22%Net loans and leases to core deposits
  • 157.89%Equity capital to assets
  • 7.90%Core capital (leverage) ratio
  • 6.89%Tier 1 risk-based capital ratio
  • 10.79%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,656,600Average earning assets
  • $118,624Average equity
  • $1,518,478Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Boston Federal Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents