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

This bank is inactive as of April 01, 1994

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

Community Savings Bank - Overview

  • General
  • FDIC Certificate #: 90218
    Status: Inactive
    Closing history: Change in Entity Type
    Acquiring institution: Andover Bank (#23284)
    Federal Reserve ID: 722508
    Date Established: January 01, 1933
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 17808
    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: August 06, 1985
    Last Structure Change Effective Date: April 01, 1994
    Last Structure Change Process Date: April 05, 1994
    Last Data Update: April 05, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 450 Essex Street, Lawrence, MA 1842
    County: Essex
    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): Lawrence, MA-NH (#4160)
    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: Peabody, MA (#37764)
  • History of Changes
  • Merger - Without Assistance
    Corrections
    Change in Entity Type
  • Financial Summary
  • Total assets: $116.7 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)
  • $41Total assets
  • $121,187Cash and due from depository institutions
  • $4,717Interest-bearing balances
  • $0Securities
  • $27,121Federal funds sold & reverse repurchase agreements
  • $1,617Net loans & leases
  • $79,280Loan loss allowance
  • $2,474Trading account assets
  • $0Bank premises and fixed assets
  • $1,439Other real estate owned
  • $4,644Goodwill and other intangibles
  • $2,369Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $121,187Total liabilities
  • $118,051Total deposits
  • $117,580Interest-bearing deposits
  • $114,466Deposits held in domestic offices
  • 117580.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $471Total equity capital
  • $471Total bank equity capital
  • $3,136Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $3,188Undivided profits
  • Memoranda
  • $-52Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,265Income earned, not collected on loans
  • $471Earning assets
  • $108,018Long-term assets (5+ years)
  • $18,312Average Assets, year-to-date
  • $129,837Average Assets, quarterly
  • $123,113Volatile liabilities
  • $4,437Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $922Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,136Total risk weighted assets
  • $63,101Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,278Total interest expense
  • $4,691Net interest income
  • $4,587Provision for loan and lease losses
  • $2,612Total noninterest income
  • $926Fiduciary activities
  • $0Service charges on deposit accounts
  • $361Trading account gains & fees
  • $0Additional noninterest income
  • $565Total noninterest expense
  • $5,689Salaries and employee benefits
  • $1,417Premises and equipment expense
  • $458Additional noninterest expense
  • $3,814Pre-tax net operating income
  • -$2,788Securities gains (losses)
  • $550Applicable income taxes
  • -$1,491Income before extraordinary items
  • -$747Extraordinary gains - net
  • $396Net income attributable to bank
  • -$351Net charge-offs
  • $3,863Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.96%Cost of funding earning assets
  • 4.03%Net interest margin
  • 3.94%Noninterest income to earning assets
  • 0.79%Noninterest expense to earning assets
  • 4.88%Net operating income to assets
  • -0.85%Return on assets (ROA)
  • -0.27%Pretax return on assets
  • -1.42%Return on equity (ROE)
  • -10.69%Retained earnings to average equity (YTD only)
  • -10.69%Net charge-offs to loans
  • 4.49%Credit loss provision to net charge-offs
  • 67.62%Efficiency ratio
  • 103,192Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.03%Loss allowance to noncurrent loans
  • 39.49%Noncurrent assets plus other real estate owned to assets
  • 9.00%Noncurrent loans to loans
  • 7.66%Net loans and leases to deposits
  • 67.43%Net loans and leases to core deposits
  • 70.07%Equity capital to assets
  • 2.59%Core capital (leverage) ratio
  • 2.57%Tier 1 risk-based capital ratio
  • 4.97%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $129,837Average earning assets
  • $3,283Average equity
  • $116,499Average loans

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