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- Banks in Massachusetts (MA)
- Chart Bank, A Cooperative Bank
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
WWW: http://www.chartbank.net
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
- bankencyclopedia.com
- Banks in Massachusetts (MA)
- Chart Bank, A Cooperative Bank
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