Charles River Bank in Medway, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Charles River Bank - Overview

  • General
  • FDIC Certificate #: 26602
    Status: Active
    Federal Reserve ID: 947776
    Bank Holding Company (Regulatory Top Holder): Charles River Bancorp, Mhc (RSSDID: 3966022, Location: Medway, MA)
    Date Established: January 01, 1915
    WWW: http://www.charlesriverbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14064
    FDIC's unique #: 35323
    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: March 25, 1986
    Last Structure Change Effective Date: January 01, 2009
    Last Structure Change Process Date: July 27, 2009
    Last Data Update: July 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 70 Main Street, Medway, MA 2053
    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
  • Name Change
  • Financial Summary
  • Total assets: $187.0 mil
    Equity capital: $17.1 mil
    Deposits held in domestic offices: $156.1 mil
    Return on assets (ROA): 0.55% ($1.0 mil)
    Quarterly return on assets: 0.56% ($1.0 mil)
    Return on Equity (ROE): 6.26% ($1.1 mil)
    Quarterly return on equity: 6.10% ($1.0 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.77% ($1,440.3 mil)
    Quarterly Pretax return on assets: 0.78% ($1,459.0 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
  • 41Total employees (full-time equivalent)
  • $187,047Total assets
  • $2,000Cash and due from depository institutions
  • $183Interest-bearing balances
  • $55,170Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $116,671Net loans & leases
  • $945Loan loss allowance
  • $0Trading account assets
  • $5,429Bank premises and fixed assets
  • $0Other real estate owned
  • $350Goodwill and other intangibles
  • $187,047Life insurance assets
  • $7,427All other assets
  • $169,988Total liabilities and capital
  • $156,104Total liabilities
  • $141,595Total deposits
  • $156,104Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,726Trading liabilities
  • $0Other borrowed funds
  • $1,158Subordinated debt
  • $17,059All other liabilities
  • $17,059Total equity capital
  • $17,059Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $15,284Surplus
  • $1,774Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,373Income earned, not collected on loans
  • $0Earning assets
  • $813Long-term assets (5+ years)
  • $172,024Average Assets, year-to-date
  • $103,628Average Assets, quarterly
  • $185,268Volatile liabilities
  • $186,189Insider loans
  • $102,134FHLB advances
  • $185,089Loans and leases held for sale
  • $3,575Unused loan commitments
  • $2,330Tier 1 (core) risk-based capital
  • $15,285Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,245Total unused commitments
  • $19,060Restructured Loans and leases
  • $3,981Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,593Total interest income
  • $1,563Total interest expense
  • $6,030Net interest income
  • $64Provision for loan and lease losses
  • $1,383Total noninterest income
  • $0Fiduciary activities
  • $394Service charges on deposit accounts
  • $0Trading account gains & fees
  • $989Additional noninterest income
  • $6,080Total noninterest expense
  • $3,178Salaries and employee benefits
  • $832Premises and equipment expense
  • $2,070Additional noninterest expense
  • $1,269Pre-tax net operating income
  • $166Securities gains (losses)
  • $424Applicable income taxes
  • $1,011Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,011Net income attributable to bank
  • $0Net charge-offs
  • $1,011Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $1Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 6.26%Return on equity (ROE)
  • 6.26%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 1600.00%Credit loss provision to net charge-offs
  • 333.25%Efficiency ratio
  • 82,018Assets per employee
  • 4.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.10%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 68.83%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 1.17%Net loans and leases to deposits
  • 74.74%Net loans and leases to core deposits
  • 83.71%Equity capital to assets
  • 9.12%Core capital (leverage) ratio
  • 8.26%Tier 1 risk-based capital ratio
  • 14.97%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $185,268Average earning assets
  • $16,140Average equity
  • $169,727Average loans

List of branches

  • 4 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035323Charles River Bank70 Main Street, Medway, MA 2053January 01, 1915Full Service Brick and Mortar
    1455238Medway High School Branch88 Summer Street, Medway, MA 2053September 05, 2006Limited Service Mobile
    2493139Bellingham Branch3 South Maple St, Bellingham, MA 2019March 30, 2009Full Service Brick and Mortar
    3511423Charles River Bank Branch1 Hasting St, Mendon, MA 1756April 12, 2010Full Service Brick and Mortar

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