Dean Co-operative Bank in Franklin, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Dean Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 27269
    Status: Active
    Federal Reserve ID: 271275
    Date Established: January 01, 1889
    WWW: http://www.deanbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 5366
    FDIC's unique #: 39405
    Numeric code: 42
    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: May 11, 1988
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 21 Main Street, Franklin, MA 2038
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $223.1 mil
    Equity capital: $19.4 mil
    Deposits held in domestic offices: $183.8 mil
    Return on assets (ROA): 0.43% ($1.0 mil)
    Quarterly return on assets: 0.49% ($1.1 mil)
    Return on Equity (ROE): 5.03% ($1.0 mil)
    Quarterly return on equity: 5.62% ($1.1 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.56% ($1,249.3 mil)
    Quarterly Pretax return on assets: 0.66% ($1,472.4 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
  • 67Total employees (full-time equivalent)
  • $223,093Total assets
  • $4,498Cash and due from depository institutions
  • $817Interest-bearing balances
  • $42,265Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $159,504Net loans & leases
  • $2,123Loan loss allowance
  • $0Trading account assets
  • $5,406Bank premises and fixed assets
  • $977Other real estate owned
  • $455Goodwill and other intangibles
  • $223,093Life insurance assets
  • $9,988All other assets
  • $203,689Total liabilities and capital
  • $183,838Total liabilities
  • $145,348Total deposits
  • $183,838Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,870Trading liabilities
  • $0Other borrowed funds
  • $1,981Subordinated debt
  • $19,404All other liabilities
  • $19,404Total equity capital
  • $19,404Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $17,596Surplus
  • $1,808Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $975Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,576Income earned, not collected on loans
  • $0Earning assets
  • $715Long-term assets (5+ years)
  • $202,586Average Assets, year-to-date
  • $115,131Average Assets, quarterly
  • $219,570Volatile liabilities
  • $220,381Insider loans
  • $138,278FHLB advances
  • $223,143Loans and leases held for sale
  • $4,818Unused loan commitments
  • $4,818Tier 1 (core) risk-based capital
  • $18,486Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,232Restructured Loans and leases
  • $1,991Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,323Total interest income
  • $1,615Total interest expense
  • $7,708Net interest income
  • $750Provision for loan and lease losses
  • $2,250Total noninterest income
  • $0Fiduciary activities
  • $638Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,612Additional noninterest income
  • $8,034Total noninterest expense
  • $4,505Salaries and employee benefits
  • $936Premises and equipment expense
  • $2,593Additional noninterest expense
  • $1,174Pre-tax net operating income
  • $64Securities gains (losses)
  • $302Applicable income taxes
  • $936Income before extraordinary items
  • $0Extraordinary gains - net
  • $936Net income attributable to bank
  • $0Net charge-offs
  • $936Cash dividends
  • $613Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.87%Net interest margin
  • 1.13%Noninterest income to earning assets
  • 4.03%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 5.03%Return on equity (ROE)
  • 5.03%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 122.35%Credit loss provision to net charge-offs
  • 3.14%Efficiency ratio
  • 80,679Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 46.39%Noncurrent assets plus other real estate owned to assets
  • 2.49%Noncurrent loans to loans
  • 2.83%Net loans and leases to deposits
  • 86.76%Net loans and leases to core deposits
  • 92.33%Equity capital to assets
  • 8.70%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 13.37%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $219,570Average earning assets
  • $18,612Average equity
  • $199,375Average loans

List of branches

  • 5 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039405Dean Co-Operative Bank21 Main Street, Franklin, MA 2038January 01, 1889Full Service Brick and Mortar
    3261492Pulaski Branch411 Pulaski Boulevard, Bellingham, MA 2019October 13, 1987Full Service Brick and Mortar
    4261493Blackstone Branch8 Main Street, Blackstone, MA 1504November 05, 1997Full Service Brick and Mortar
    5361493Operations Branch435-437 Pulaski Boulevard, Bellingham, MA 2019January 01, 2000Limited Service Administrative
    6451659Mendon Branch32 Hastings Street, Mendon, MA 1756May 25, 2006Full Service Brick and Mortar

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