Commonwealth Co-operative Bank in Hyde Park, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Commonwealth Co-operative Bank in Hyde Park, Massachusetts (MA)
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Commonwealth Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 29842
    Status: Active
    Federal Reserve ID: 275479
    Date Established: January 01, 1886
    WWW: http://www.commonwealthcoop.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 4186
    FDIC's unique #: 42676
    Numeric code: 36
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 31, 1986
    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: 1172 River St, Hyde Park, MA 2136
    County: Suffolk
    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
    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: $176.2 mil
    Equity capital: $19.4 mil
    Deposits held in domestic offices: $108.1 mil
    Return on assets (ROA): 0.55% ($1.0 mil)
    Quarterly return on assets: 0.66% ($1.2 mil)
    Return on Equity (ROE): 5.48% ($1.0 mil)
    Quarterly return on equity: 6.19% ($1.2 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.84% ($1,480.1 mil)
    Quarterly Pretax return on assets: 1.02% ($1,797.3 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
  • 27Total employees (full-time equivalent)
  • $176,204Total assets
  • $10,931Cash and due from depository institutions
  • $9,739Interest-bearing balances
  • $36,584Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $117,956Net loans & leases
  • $752Loan loss allowance
  • $0Trading account assets
  • $1,042Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $176,204Life insurance assets
  • $9,691All other assets
  • $156,789Total liabilities and capital
  • $108,145Total liabilities
  • $96,562Total deposits
  • $108,145Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $46,670Trading liabilities
  • $0Other borrowed funds
  • $1,974Subordinated debt
  • $19,415All other liabilities
  • $19,415Total equity capital
  • $19,415Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $19,415Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,260Income earned, not collected on loans
  • $0Earning assets
  • $621Long-term assets (5+ years)
  • $164,279Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $183,942Volatile liabilities
  • $180,792Insider loans
  • $99,920FHLB advances
  • $174,465Loans and leases held for sale
  • $3,233Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,920Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,882Restructured Loans and leases
  • $541Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,947Total interest income
  • $2,380Total interest expense
  • $5,567Net interest income
  • $15Provision for loan and lease losses
  • $453Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $453Additional noninterest income
  • $4,503Total noninterest expense
  • $2,884Salaries and employee benefits
  • $893Premises and equipment expense
  • $726Additional noninterest expense
  • $1,502Pre-tax net operating income
  • $38Securities gains (losses)
  • $525Applicable income taxes
  • $1,015Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,015Net income attributable to bank
  • $0Net charge-offs
  • $1,015Cash dividends
  • $33Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.25%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.63%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 5.48%Return on equity (ROE)
  • 5.48%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 45.45%Credit loss provision to net charge-offs
  • 45.97%Efficiency ratio
  • 74,801Assets per employee
  • 6.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.63%Loss allowance to noncurrent loans
  • 59.68%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 1.06%Net loans and leases to deposits
  • 109.07%Net loans and leases to core deposits
  • 134.29%Equity capital to assets
  • 11.02%Core capital (leverage) ratio
  • 10.27%Tier 1 risk-based capital ratio
  • 17.93%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $183,942Average earning assets
  • $18,537Average equity
  • $171,299Average loans

List of branches

  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042676Commonwealth Co-Operative Bank1172 River St, Hyde Park, MA 2136January 01, 1886Full Service Brick and Mortar
    102357521Jamaica Plain Branch733 Centre Street, Jamaica Plain, MA 2130August 08, 2000Full Service Brick and Mortar
    10335298Boston Branch2 Center Plaza, Boston, MA 2108January 01, 1927Full Service Brick and Mortar

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