CambridgePort Bank in Cambridge, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 2003

  • CambridgePort Bank in Cambridge, Massachusetts (MA)
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CambridgePort Bank - Overview

  • General
  • FDIC Certificate #: 90172
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank of Massachusetts (#18562)
    Federal Reserve ID: 173801
    Date Established: Febuary 22, 1853
    WWW: http://www.cambridgeport.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 12 (Interstate: No)
    OTS Docket #: 7990
    FDIC's unique #: 17765
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 21, 1985
    Last Structure Change Effective Date: July 31, 2003
    Last Structure Change Process Date: September 04, 2003
    Last Data Update: September 04, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 689 Massachusetts Avenue, Cambridge, MA 2139
    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: $1,507.4 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, 2002)

  • Dollar figures in thousands
  • 180Total employees (full-time equivalent)
  • $1,444,508Total assets
  • $19,705Cash and due from depository institutions
  • $4,317Interest-bearing balances
  • $527,719Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $850,061Net loans & leases
  • $10,007Loan loss allowance
  • $0Trading account assets
  • $22,499Bank premises and fixed assets
  • $0Other real estate owned
  • $41Goodwill and other intangibles
  • $0Life insurance assets
  • $24,483All other assets
  • $1,444,508Total liabilities and capital
  • $1,346,099Total liabilities
  • $1,163,359Total deposits
  • $1,125,179Interest-bearing deposits
  • $1,163,359Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $175,566Other borrowed funds
  • $0Subordinated debt
  • $7,174All other liabilities
  • $98,409Total equity capital
  • $98,409Total bank equity capital
  • $98,409Perpetual preferred stock
  • $0Common stock
  • $585Surplus
  • $71,168Undivided profits
  • Memoranda
  • $26,656Noncurrent loans and leases
  • $232,037Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $361Earning assets
  • $0Long-term assets (5+ years)
  • $5,846Average Assets, year-to-date
  • $1,382,097Average Assets, quarterly
  • $595,346Volatile liabilities
  • $1,303,712Insider loans
  • $1,430,509FHLB advances
  • $119,401Loans and leases held for sale
  • $400Unused loan commitments
  • $175,566Tier 1 (core) risk-based capital
  • $63,374Tier 2 risk-based capital
  • $13,718Total risk weighted assets
  • $232,037Total unused commitments
  • $0Restructured Loans and leases
  • $8,768Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $79,685Total interest income
  • $36,188Total interest expense
  • $43,497Net interest income
  • $650Provision for loan and lease losses
  • $5,292Total noninterest income
  • $0Fiduciary activities
  • $1,386Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,906Additional noninterest income
  • $26,918Total noninterest expense
  • $16,255Salaries and employee benefits
  • $3,393Premises and equipment expense
  • $7,270Additional noninterest expense
  • $21,221Pre-tax net operating income
  • $72Securities gains (losses)
  • $7,919Applicable income taxes
  • $13,374Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,374Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$36Sale, conversion, retirement of capital stock, net
  • $8,005Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.42%Yield on earning assets
  • 2.92%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.17%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 14.35%Return on equity (ROE)
  • 5.76%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -1805.56%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 55,172Assets per employee
  • 8.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.85%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 2772.02%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 73.07%Net loans and leases to core deposits
  • 79.78%Equity capital to assets
  • 6.81%Core capital (leverage) ratio
  • 6.46%Tier 1 risk-based capital ratio
  • 13.19%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,303,712Average earning assets
  • $93,167Average equity
  • $1,241,061Average loans

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