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

Canton Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26450
    Status: Active
    Federal Reserve ID: 379470
    Date Established: January 01, 1891
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 5824
    FDIC's unique #: 33098
    Numeric code: 15
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: December 05, 1985
    Last Structure Change Effective Date: May 18, 2011
    Last Structure Change Process Date: June 21, 2011
    Last Data Update: June 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 671 Washington Street, Canton, MA 2021
    County: Norfolk
    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
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $101.4 mil
    Equity capital: $15.3 mil
    Deposits held in domestic offices: $84.7 mil
    Return on assets (ROA): 0.50% ($0.5 mil)
    Quarterly return on assets: 0.50% ($0.5 mil)
    Return on Equity (ROE): 3.24% ($0.5 mil)
    Quarterly return on equity: 3.29% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.84% ($851.6 mil)
    Quarterly Pretax return on assets: 0.84% ($851.6 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, 2011)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $101,383Total assets
  • $1,933Cash and due from depository institutions
  • $865Interest-bearing balances
  • $24,240Securities
  • $15,749Federal funds sold & reverse repurchase agreements
  • $54,747Net loans & leases
  • $612Loan loss allowance
  • $0Trading account assets
  • $942Bank premises and fixed assets
  • $0Other real estate owned
  • $34Goodwill and other intangibles
  • $101,383Life insurance assets
  • $3,738All other assets
  • $86,061Total liabilities and capital
  • $84,678Total liabilities
  • $82,767Total deposits
  • $84,678Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,250Trading liabilities
  • $0Other borrowed funds
  • $133Subordinated debt
  • $15,322All other liabilities
  • $15,322Total equity capital
  • $15,322Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $15,322Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $725Income earned, not collected on loans
  • $0Earning assets
  • $301Long-term assets (5+ years)
  • $95,601Average Assets, year-to-date
  • $51,480Average Assets, quarterly
  • $96,770Volatile liabilities
  • $100,752Insider loans
  • $49,802FHLB advances
  • $99,697Loans and leases held for sale
  • $1,733Unused loan commitments
  • $641Tier 1 (core) risk-based capital
  • $14,847Tier 2 risk-based capital
  • $1,092Total risk weighted assets
  • $0Total unused commitments
  • $9,837Restructured Loans and leases
  • $702Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,916Total interest income
  • $764Total interest expense
  • $3,152Net interest income
  • $170Provision for loan and lease losses
  • $217Total noninterest income
  • $0Fiduciary activities
  • $81Service charges on deposit accounts
  • $0Trading account gains & fees
  • $136Additional noninterest income
  • $2,394Total noninterest expense
  • $1,363Salaries and employee benefits
  • $164Premises and equipment expense
  • $867Additional noninterest expense
  • $805Pre-tax net operating income
  • $5Securities gains (losses)
  • $328Applicable income taxes
  • $482Income before extraordinary items
  • $0Extraordinary gains - net
  • $482Net income attributable to bank
  • $0Net charge-offs
  • $482Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 3.24%Return on equity (ROE)
  • 3.24%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
  • 71,060Assets per employee
  • 6.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 84.41%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 1.31%Net loans and leases to deposits
  • 64.65%Net loans and leases to core deposits
  • 67.30%Equity capital to assets
  • 15.11%Core capital (leverage) ratio
  • 14.89%Tier 1 risk-based capital ratio
  • 29.81%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $96,770Average earning assets
  • $14,858Average equity
  • $91,322Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033098Canton Co-Operative Bank671 Washington Street, Canton, MA 2021January 01, 1891Full Service Brick and Mortar

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