Chelsea Bank in Chelsea, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Chelsea Bank - Overview

  • General
  • FDIC Certificate #: 26548
    Status: Active
    Federal Reserve ID: 170976
    Date Established: January 01, 1970
    WWW: http://www.cpcbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 12487
    FDIC's unique #: 35238
    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: Febuary 19, 1986
    Last Structure Change Effective Date: October 15, 2010
    Last Structure Change Process Date: April 12, 2011
    Last Data Update: April 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 360 Broadway, Chelsea, MA 2150
    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
  • Name Change
  • Financial Summary
  • Total assets: $51.1 mil
    Equity capital: $5.1 mil
    Deposits held in domestic offices: $44.7 mil
    Return on assets (ROA): 0.22% ($0.1 mil)
    Quarterly return on assets: 0.42% ($0.2 mil)
    Return on Equity (ROE): 2.22% ($0.1 mil)
    Quarterly return on equity: 4.28% ($0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.31% ($158.4 mil)
    Quarterly Pretax return on assets: 0.65% ($332.2 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, 2011)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $51,112Total assets
  • $1,255Cash and due from depository institutions
  • $212Interest-bearing balances
  • $3,748Securities
  • $6,460Federal funds sold & reverse repurchase agreements
  • $36,051Net loans & leases
  • $337Loan loss allowance
  • $0Trading account assets
  • $127Bank premises and fixed assets
  • $0Other real estate owned
  • $321Goodwill and other intangibles
  • $51,112Life insurance assets
  • $3,150All other assets
  • $46,042Total liabilities and capital
  • $44,704Total liabilities
  • $38,809Total deposits
  • $44,704Interest-bearing deposits
  • $68Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $602Trading liabilities
  • $0Other borrowed funds
  • $736Subordinated debt
  • $5,070All other liabilities
  • $5,070Total equity capital
  • $5,070Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $4,960Surplus
  • $110Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,094Income earned, not collected on loans
  • $0Earning assets
  • $135Long-term assets (5+ years)
  • $46,471Average Assets, year-to-date
  • $15,406Average Assets, quarterly
  • $51,005Volatile liabilities
  • $51,536Insider loans
  • $30,052FHLB advances
  • $51,718Loans and leases held for sale
  • $1,269Unused loan commitments
  • $1,269Tier 1 (core) risk-based capital
  • $5,038Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,651Restructured Loans and leases
  • $1,308Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,125Total interest income
  • $439Total interest expense
  • $1,686Net interest income
  • $69Provision for loan and lease losses
  • $584Total noninterest income
  • $0Fiduciary activities
  • $142Service charges on deposit accounts
  • $0Trading account gains & fees
  • $442Additional noninterest income
  • $2,044Total noninterest expense
  • $1,236Salaries and employee benefits
  • $157Premises and equipment expense
  • $651Additional noninterest expense
  • $157Pre-tax net operating income
  • $0Securities gains (losses)
  • $46Applicable income taxes
  • $111Income before extraordinary items
  • $0Extraordinary gains - net
  • $111Net income attributable to bank
  • $0Net charge-offs
  • $111Cash dividends
  • $84Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 3.64%Net interest margin
  • 1.26%Noninterest income to earning assets
  • 4.41%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 2.22%Return on equity (ROE)
  • 2.22%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 82.14%Credit loss provision to net charge-offs
  • 2.69%Efficiency ratio
  • 90,044Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 30.80%Noncurrent assets plus other real estate owned to assets
  • 2.14%Noncurrent loans to loans
  • 3.01%Net loans and leases to deposits
  • 80.64%Net loans and leases to core deposits
  • 87.25%Equity capital to assets
  • 9.92%Core capital (leverage) ratio
  • 9.74%Tier 1 risk-based capital ratio
  • 16.76%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $51,005Average earning assets
  • $5,001Average equity
  • $46,371Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035238Chelsea Bank360 Broadway, Chelsea, MA 2150January 01, 1970Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Chelsea Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents