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

This bank is inactive as of September 19, 1998

  • Charlestown Co-operative Bank in Charlestown, Massachusetts (MA)
  • Show street view No street view available for this location

Charlestown Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26660
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: The Cooperative Bank (#26922)
    Federal Reserve ID: 273372
    Date Established: January 01, 1913
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 4331
    FDIC's unique #: 35393
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 07, 1986
    Last Structure Change Effective Date: September 19, 1998
    Last Structure Change Process Date: October 05, 1998
    Last Data Update: October 05, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 Main Street, Charlestown, MA 2129
    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
    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
    Corrections
  • Financial Summary
  • Total assets: $17.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $18,614Total assets
  • $710Cash and due from depository institutions
  • $15Interest-bearing balances
  • $646Securities
  • $713Federal funds sold & reverse repurchase agreements
  • $14,997Net loans & leases
  • $103Loan loss allowance
  • $0Trading account assets
  • $980Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $568All other assets
  • $18,614Total liabilities and capital
  • $16,803Total liabilities
  • $15,747Total deposits
  • $14,296Interest-bearing deposits
  • $15,747Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,000Other borrowed funds
  • $0Subordinated debt
  • $56All other liabilities
  • $1,811Total equity capital
  • $1,811Total bank equity capital
  • $1,811Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,833Undivided profits
  • Memoranda
  • $-22Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $227Earning assets
  • $0Long-term assets (5+ years)
  • $92Average Assets, year-to-date
  • $16,371Average Assets, quarterly
  • $3,256Volatile liabilities
  • $18,258Insider loans
  • $18,814FHLB advances
  • $2,114Loans and leases held for sale
  • $239Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,152Total unused commitments
  • $0Restructured Loans and leases
  • $11,588Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $1,398Total interest income
  • $535Total interest expense
  • $863Net interest income
  • $10Provision for loan and lease losses
  • $77Total noninterest income
  • $0Fiduciary activities
  • $47Service charges on deposit accounts
  • $0Trading account gains & fees
  • $30Additional noninterest income
  • $746Total noninterest expense
  • $346Salaries and employee benefits
  • $102Premises and equipment expense
  • $298Additional noninterest expense
  • $184Pre-tax net operating income
  • $0Securities gains (losses)
  • $51Applicable income taxes
  • $133Income before extraordinary items
  • $0Extraordinary gains - net
  • $133Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$2Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.67%Yield on earning assets
  • 3.32%Cost of funding earning assets
  • 5.35%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 4.63%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 7.66%Return on equity (ROE)
  • 7.66%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -500.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 79,362Assets per employee
  • 2.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.68%Loss allowance to noncurrent loans
  • 45.37%Noncurrent assets plus other real estate owned to assets
  • 1.22%Noncurrent loans to loans
  • 1.50%Net loans and leases to deposits
  • 95.24%Net loans and leases to core deposits
  • 102.49%Equity capital to assets
  • 9.73%Core capital (leverage) ratio
  • 9.73%Tier 1 risk-based capital ratio
  • 15.63%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $18,258Average earning assets
  • $1,736Average equity
  • $16,118Average loans

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