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

This bank is inactive as of September 30, 1994

  • Cohasset Savings Bank in Cohasset, Massachusetts (MA)
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Cohasset Savings Bank - Overview

  • General
  • FDIC Certificate #: 90182
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Fleet National Bank of Massachusetts (#19429)
    Federal Reserve ID: 856403
    Date Established: December 17, 1845
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 7993
    FDIC's unique #: 17773
    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: November 16, 1985
    Last Structure Change Effective Date: September 30, 1994
    Last Structure Change Process Date: October 13, 1994
    Last Data Update: October 13, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 13 Elm Street, Cohasset, MA 2025
    County: Norfolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South 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
  • Merger - Without Assistance
    Participated in Reorganization
    Corrections
  • Financial Summary
  • Total assets: $78.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $23Total assets
  • $77,999Cash and due from depository institutions
  • $1,608Interest-bearing balances
  • $0Securities
  • $24,269Federal funds sold & reverse repurchase agreements
  • $2,772Net loans & leases
  • $44,039Loan loss allowance
  • $531Trading account assets
  • $657Bank premises and fixed assets
  • $899Other real estate owned
  • $2,947Goodwill and other intangibles
  • $808Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $77,999Total liabilities
  • $64,774Total deposits
  • $63,859Interest-bearing deposits
  • $62,223Deposits held in domestic offices
  • 63859.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $915Total equity capital
  • $915Total bank equity capital
  • $13,225Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $7,895Undivided profits
  • Memoranda
  • $5,230Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $691Income earned, not collected on loans
  • $273Earning assets
  • $71,737Long-term assets (5+ years)
  • $32,583Average Assets, year-to-date
  • $75,085Average Assets, quarterly
  • $76,994Volatile liabilities
  • $6,305Insider loans
  • $1,785FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,628Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,225Total risk weighted assets
  • $40,057Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,476Total interest expense
  • $2,239Net interest income
  • $3,237Provision for loan and lease losses
  • -$76Total noninterest income
  • $365Fiduciary activities
  • $0Service charges on deposit accounts
  • $114Trading account gains & fees
  • $0Additional noninterest income
  • $251Total noninterest expense
  • $2,500Salaries and employee benefits
  • $932Premises and equipment expense
  • $173Additional noninterest expense
  • $1,395Pre-tax net operating income
  • $1,178Securities gains (losses)
  • $179Applicable income taxes
  • $479Income before extraordinary items
  • $878Extraordinary gains - net
  • $300Net income attributable to bank
  • $1,178Net charge-offs
  • $28Cash dividends
  • $140Sale, conversion, retirement of capital stock, net
  • $74Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.98%Cost of funding earning assets
  • 3.26%Net interest margin
  • 4.72%Noninterest income to earning assets
  • 0.53%Noninterest expense to earning assets
  • 3.64%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.57%Pretax return on assets
  • 2.21%Return on equity (ROE)
  • 9.24%Retained earnings to average equity (YTD only)
  • 8.14%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • -271.43%Efficiency ratio
  • 69,406Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.88%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 76.85%Noncurrent assets plus other real estate owned to assets
  • 4.66%Noncurrent loans to loans
  • 1.55%Net loans and leases to deposits
  • 68.96%Net loans and leases to core deposits
  • 76.52%Equity capital to assets
  • 16.96%Core capital (leverage) ratio
  • 17.19%Tier 1 risk-based capital ratio
  • 33.02%Total risk-based capital ratio
  • Memoranda
  • $34Average assets
  • $75,085Average earning assets
  • $12,755Average equity
  • $68,641Average loans

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