Capital Crossing Bank in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 15, 2007

  • Capital Crossing Bank in Boston, Massachusetts (MA)
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Capital Crossing Bank - Overview

  • General
  • FDIC Certificate #: 27184
    Status: Inactive
    Closing history: Participated in Reorganization
    Acquiring institution: Aurora Bank FSB (#30890)
    Federal Reserve ID: 1167889
    Date Established: Febuary 29, 1988
    WWW: http://www.capitalcrossing.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 14030
    FDIC's unique #: 39026
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 29, 1988
    Last Structure Change Effective Date: Febuary 15, 2007
    Last Structure Change Process Date: March 01, 2007
    Last Data Update: March 01, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Summer Street, Boston, MA 2110
    County: Suffolk
    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: Boston-Quincy, MA (#14484)
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
  • Financial Summary
  • Total assets: $1,204.2 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
  • 194Total employees (full-time equivalent)
  • $1,204,161Total assets
  • $5,526Cash and due from depository institutions
  • $1,665Interest-bearing balances
  • $100,318Securities
  • $70,400Federal funds sold & reverse repurchase agreements
  • $964,759Net loans & leases
  • $13,102Loan loss allowance
  • $0Trading account assets
  • $23,283Bank premises and fixed assets
  • $10,049Other real estate owned
  • $4,372Goodwill and other intangibles
  • $0Life insurance assets
  • $25,454All other assets
  • $1,204,161Total liabilities and capital
  • $1,120,398Total liabilities
  • $853,439Total deposits
  • $845,183Interest-bearing deposits
  • $853,439Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,093Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $173,691Other borrowed funds
  • $0Subordinated debt
  • $92,175All other liabilities
  • $83,763Total equity capital
  • $83,763Total bank equity capital
  • $83,763Perpetual preferred stock
  • $0Common stock
  • $12,135Surplus
  • $62,439Undivided profits
  • Memoranda
  • $9,189Noncurrent loans and leases
  • $10,214Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $59,741Earning assets
  • $0Long-term assets (5+ years)
  • $4,753Average Assets, year-to-date
  • $1,137,142Average Assets, quarterly
  • $371,687Volatile liabilities
  • $1,092,592Insider loans
  • $1,137,403FHLB advances
  • $873,999Loans and leases held for sale
  • $0Unused loan commitments
  • $169,276Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,214Total unused commitments
  • $980Restructured Loans and leases
  • $50,126Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $98,929Total interest income
  • $43,372Total interest expense
  • $55,557Net interest income
  • $870Provision for loan and lease losses
  • $23,399Total noninterest income
  • $0Fiduciary activities
  • $8Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23,391Additional noninterest income
  • $57,202Total noninterest expense
  • $28,556Salaries and employee benefits
  • $4,446Premises and equipment expense
  • $24,200Additional noninterest expense
  • $20,884Pre-tax net operating income
  • $7Securities gains (losses)
  • $10,570Applicable income taxes
  • $10,321Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,321Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,694Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.67%Yield on earning assets
  • 4.24%Cost of funding earning assets
  • 5.43%Net interest margin
  • 2.29%Noninterest income to earning assets
  • 5.59%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 13.03%Return on equity (ROE)
  • 13.03%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 32.29%Credit loss provision to net charge-offs
  • 8.07%Efficiency ratio
  • 72,448Assets per employee
  • 6.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 21.93%Noncurrent assets plus other real estate owned to assets
  • 5.80%Noncurrent loans to loans
  • 6.11%Net loans and leases to deposits
  • 113.04%Net loans and leases to core deposits
  • 2315.18%Equity capital to assets
  • 6.96%Core capital (leverage) ratio
  • 10.00%Tier 1 risk-based capital ratio
  • 11.03%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,092,592Average earning assets
  • $79,203Average equity
  • $1,023,572Average loans

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