Chart Bank, A Cooperative Bank in Waltham, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 04, 2005

  • Chart Bank, A Cooperative Bank in Waltham, Massachusetts (MA)
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Chart Bank, A Cooperative Bank - Overview

  • General
  • FDIC Certificate #: 26943
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Benjamin Franklin Bank (#90200)
    Federal Reserve ID: 51972
    Date Established: May 31, 1986
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 14092
    FDIC's unique #: 36343
    Numeric code: 41
    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: April 14, 1987
    Last Structure Change Effective Date: April 04, 2005
    Last Structure Change Process Date: April 22, 2005
    Last Data Update: April 22, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 75 Moody Street, Waltham, MA 2451
    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: $260.9 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, 2004)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $258,570Total assets
  • $10,225Cash and due from depository institutions
  • $0Interest-bearing balances
  • $36,279Securities
  • $3,342Federal funds sold & reverse repurchase agreements
  • $176,511Net loans & leases
  • $1,783Loan loss allowance
  • $0Trading account assets
  • $2,123Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $30,090All other assets
  • $258,570Total liabilities and capital
  • $240,806Total liabilities
  • $209,073Total deposits
  • $174,724Interest-bearing deposits
  • $209,073Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $31,000Other borrowed funds
  • $0Subordinated debt
  • $733All other liabilities
  • $17,764Total equity capital
  • $17,764Total bank equity capital
  • $17,764Perpetual preferred stock
  • $0Common stock
  • $1,420Surplus
  • $11,575Undivided profits
  • Memoranda
  • $4,769Noncurrent loans and leases
  • $28,114Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $288Earning assets
  • $0Long-term assets (5+ years)
  • $878Average Assets, year-to-date
  • $216,132Average Assets, quarterly
  • $7,240Volatile liabilities
  • $239,672Insider loans
  • $257,681FHLB advances
  • $66,630Loans and leases held for sale
  • $0Unused loan commitments
  • $31,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $28,114Total unused commitments
  • $0Restructured Loans and leases
  • $1,813Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $11,135Total interest income
  • $3,778Total interest expense
  • $7,357Net interest income
  • $120Provision for loan and lease losses
  • $2,545Total noninterest income
  • $0Fiduciary activities
  • $306Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,239Additional noninterest income
  • $7,910Total noninterest expense
  • $3,747Salaries and employee benefits
  • $1,235Premises and equipment expense
  • $2,928Additional noninterest expense
  • $1,872Pre-tax net operating income
  • $67Securities gains (losses)
  • $955Applicable income taxes
  • $984Income before extraordinary items
  • $0Extraordinary gains - net
  • $984Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$6Sale, conversion, retirement of capital stock, net
  • $596Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.59%Yield on earning assets
  • 1.90%Cost of funding earning assets
  • 3.70%Net interest margin
  • 1.28%Noninterest income to earning assets
  • 3.97%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 5.60%Return on equity (ROE)
  • 2.21%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -2000.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 79,883Assets per employee
  • 5.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.57%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 619.10%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 84.43%Net loans and leases to core deposits
  • 104.79%Equity capital to assets
  • 6.87%Core capital (leverage) ratio
  • 6.90%Tier 1 risk-based capital ratio
  • 10.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $239,672Average earning assets
  • $17,577Average equity
  • $199,095Average loans

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