Colonial Federal Savings Bank in Quincy, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Colonial Federal Savings Bank in Quincy, Massachusetts (MA)
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Colonial Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28481
    Status: Active
    Federal Reserve ID: 117074
    Date Established: January 01, 1889
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 1673
    FDIC's unique #: 41315
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 07, 1937
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 Beach Street, Quincy, MA 2170
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $295.2 mil
    Equity capital: $30.9 mil
    Deposits held in domestic offices: $249.1 mil
    Return on assets (ROA): 0.82% ($2.4 mil)
    Quarterly return on assets: 0.70% ($2.1 mil)
    Return on Equity (ROE): 8.06% ($2.5 mil)
    Quarterly return on equity: 6.74% ($2.1 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.10% ($3,247.0 mil)
    Quarterly Pretax return on assets: 0.91% ($2,686.2 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
  • 33Total employees (full-time equivalent)
  • $295,184Total assets
  • $26,843Cash and due from depository institutions
  • $25,428Interest-bearing balances
  • $125,492Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $131,223Net loans & leases
  • $1,147Loan loss allowance
  • $0Trading account assets
  • $564Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $295,184Life insurance assets
  • $11,062All other assets
  • $264,296Total liabilities and capital
  • $249,070Total liabilities
  • $238,227Total deposits
  • $249,070Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $5,226Subordinated debt
  • $30,888All other liabilities
  • $30,888Total equity capital
  • $30,888Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $30,888Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $442Income earned, not collected on loans
  • $0Earning assets
  • $1,104Long-term assets (5+ years)
  • $282,143Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $291,819Volatile liabilities
  • $294,569Insider loans
  • $112,481FHLB advances
  • $294,888Loans and leases held for sale
  • $6,128Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,716Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,558Restructured Loans and leases
  • $394Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,379Total interest income
  • $3,016Total interest expense
  • $7,363Net interest income
  • $30Provision for loan and lease losses
  • $684Total noninterest income
  • $0Fiduciary activities
  • $229Service charges on deposit accounts
  • $0Trading account gains & fees
  • $455Additional noninterest income
  • $4,948Total noninterest expense
  • $2,938Salaries and employee benefits
  • $782Premises and equipment expense
  • $1,228Additional noninterest expense
  • $3,069Pre-tax net operating income
  • $137Securities gains (losses)
  • $821Applicable income taxes
  • $2,385Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,385Net income attributable to bank
  • $0Net charge-offs
  • $2,385Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.72%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 2.64%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 1.78%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 8.06%Return on equity (ROE)
  • 8.06%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 3000.00%Credit loss provision to net charge-offs
  • 3099.00%Efficiency ratio
  • 61,489Assets per employee
  • 8.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 259.50%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 52.69%Net loans and leases to core deposits
  • 54.02%Equity capital to assets
  • 10.46%Core capital (leverage) ratio
  • 10.42%Tier 1 risk-based capital ratio
  • 27.31%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $291,819Average earning assets
  • $29,601Average equity
  • $278,642Average loans

List of branches

  • 4 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041315Colonial Federal Savings Bank15 Beach Street, Quincy, MA 2170January 01, 1889Full Service Brick and Mortar
    1267795802 South Franklin Street Branch802 South Franklin Street, Holbrook, MA 2343January 01, 1889Full Service Brick and Mortar
    3267797Middle Street Branch708 Middle Street, Weymouth, MA 2188January 01, 1889Full Service Brick and Mortar
    4464035South Artery Branch1000 Southern Artery, Quincy, MA 2169May 07, 2001Full Service Brick and Mortar

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