Community National Bank in Hudson, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2003

  • Community National Bank in Hudson, Massachusetts (MA)
  • Show street view No street view available for this location

Community National Bank - Overview

  • General
  • FDIC Certificate #: 2593
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank of Massachusetts (#18562)
    Federal Reserve ID: 683001
    Date Established: January 01, 1881
    WWW: http://www.combanc.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    OTS Docket #: 10149
    FDIC's unique #: 1681
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 01, 2003
    Last Structure Change Process Date: November 24, 2003
    Last Data Update: November 24, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 17 Pope Street, Hudson, MA 1749
    County: Middlesex
    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: Cambridge-Newton-Framingham, MA (#15764)
  • Financial Summary
  • Total assets: $461.0 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, 2002)

  • Dollar figures in thousands
  • 128Total employees (full-time equivalent)
  • $435,780Total assets
  • $22,308Cash and due from depository institutions
  • $686Interest-bearing balances
  • $179,310Securities
  • $19,557Federal funds sold & reverse repurchase agreements
  • $201,192Net loans & leases
  • $2,733Loan loss allowance
  • $0Trading account assets
  • $6,295Bank premises and fixed assets
  • $0Other real estate owned
  • $191Goodwill and other intangibles
  • $0Life insurance assets
  • $6,927All other assets
  • $435,780Total liabilities and capital
  • $397,143Total liabilities
  • $354,544Total deposits
  • $271,045Interest-bearing deposits
  • $354,544Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $24,970Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,395Other borrowed funds
  • $0Subordinated debt
  • $3,234All other liabilities
  • $38,637Total equity capital
  • $38,637Total bank equity capital
  • $38,637Perpetual preferred stock
  • $0Common stock
  • $900Surplus
  • $4,240Undivided profits
  • Memoranda
  • $33,497Noncurrent loans and leases
  • $49,917Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $245Earning assets
  • $0Long-term assets (5+ years)
  • $2,447Average Assets, year-to-date
  • $400,745Average Assets, quarterly
  • $111,689Volatile liabilities
  • $419,053Insider loans
  • $429,730FHLB advances
  • $88,581Loans and leases held for sale
  • $7,844Unused loan commitments
  • $14,395Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,531Total risk weighted assets
  • $49,917Total unused commitments
  • $0Restructured Loans and leases
  • $2,733Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $22,574Total interest income
  • $5,646Total interest expense
  • $16,928Net interest income
  • $180Provision for loan and lease losses
  • $4,913Total noninterest income
  • $172Fiduciary activities
  • $1,458Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,283Additional noninterest income
  • $13,449Total noninterest expense
  • $6,686Salaries and employee benefits
  • $2,072Premises and equipment expense
  • $4,691Additional noninterest expense
  • $8,212Pre-tax net operating income
  • $272Securities gains (losses)
  • $2,929Applicable income taxes
  • $5,555Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,555Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $132Sale, conversion, retirement of capital stock, net
  • $2,834Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.86%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 4.39%Net interest margin
  • 1.28%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 2.02%Pretax return on assets
  • 14.89%Return on equity (ROE)
  • 7.29%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 136.36%Credit loss provision to net charge-offs
  • 63.58%Efficiency ratio
  • 61,577Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.02%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 1115.51%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 56.75%Net loans and leases to core deposits
  • 66.86%Equity capital to assets
  • 8.87%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 15.21%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $419,053Average earning assets
  • $37,300Average equity
  • $385,327Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $29,472Managed Assets
  • 1Number of Accounts
  • $29,472Personal trust and agency accounts
  • $7,208Employee benefit-defined contribution accounts
  • $1,175Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,683Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $17,406Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 124Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Community National 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