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

This bank is inactive as of November 01, 2007

  • Bridgewater Co-operative Bank in Bridgewater, Massachusetts (MA)
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Bridgewater Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26550
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mechanics' Co-operative Bank (#26634)
    Federal Reserve ID: 70076
    Date Established: January 01, 1902
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 35240
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 18, 1986
    Last Structure Change Effective Date: November 01, 2007
    Last Structure Change Process Date: December 03, 2007
    Last Data Update: December 03, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 72 Main Street, Bridgewater, MA 2324
    County: Plymouth
    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): Brockton, MA (#1200)
    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)
  • Financial Summary
  • Total assets: $12.6 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, 2006)

  • Dollar figures in thousands
  • 6Total employees (full-time equivalent)
  • $14,887Total assets
  • $2,481Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,938Securities
  • $1,827Federal funds sold & reverse repurchase agreements
  • $6,405Net loans & leases
  • $114Loan loss allowance
  • $0Trading account assets
  • $637Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $599All other assets
  • $14,887Total liabilities and capital
  • $13,420Total liabilities
  • $13,393Total deposits
  • $11,783Interest-bearing deposits
  • $13,393Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $27All other liabilities
  • $1,467Total equity capital
  • $1,467Total bank equity capital
  • $1,467Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,467Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $19Earning assets
  • $0Long-term assets (5+ years)
  • $20Average Assets, year-to-date
  • $11,170Average Assets, quarterly
  • $3,665Volatile liabilities
  • $15,001Insider loans
  • $14,457FHLB advances
  • $243Loans and leases held for sale
  • $333Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $97Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $734Total interest income
  • $151Total interest expense
  • $583Net interest income
  • $0Provision for loan and lease losses
  • $27Total noninterest income
  • $0Fiduciary activities
  • $6Service charges on deposit accounts
  • $0Trading account gains & fees
  • $21Additional noninterest income
  • $502Total noninterest expense
  • $259Salaries and employee benefits
  • $65Premises and equipment expense
  • $178Additional noninterest expense
  • $108Pre-tax net operating income
  • $0Securities gains (losses)
  • $31Applicable income taxes
  • $77Income before extraordinary items
  • $0Extraordinary gains - net
  • $77Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 4.55%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 3.92%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 5.37%Return on equity (ROE)
  • 5.37%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 82,295Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 600.00%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 47.82%Net loans and leases to core deposits
  • 48.71%Equity capital to assets
  • 9.85%Core capital (leverage) ratio
  • 10.35%Tier 1 risk-based capital ratio
  • 18.96%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $15,001Average earning assets
  • $1,435Average equity
  • $12,802Average loans

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