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
No
ID
Name
Address
Established
Service Type
Map
0
35238
Chelsea Bank
360 Broadway, Chelsea, MA 2150
January 01, 1970
Full Service Brick and Mortar
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