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

This bank is inactive as of March 30, 2007

  • Dedham Co-operative Bank in Dedham, Massachusetts (MA)
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Dedham Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 27232
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Needham Bank (#26483)
    Federal Reserve ID: 162878
    Date Established: January 01, 1886
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 1932
    FDIC's unique #: 39166
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 21, 1988
    Last Structure Change Effective Date: March 30, 2007
    Last Structure Change Process Date: April 03, 2007
    Last Data Update: April 03, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 402 Washington Street, Dedham, MA 2026
    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)
  • Financial Summary
  • Total assets: $85.3 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, 2006)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $85,326Total assets
  • $1,026Cash and due from depository institutions
  • $139Interest-bearing balances
  • $25,034Securities
  • $5,118Federal funds sold & reverse repurchase agreements
  • $49,781Net loans & leases
  • $329Loan loss allowance
  • $0Trading account assets
  • $116Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $2,468Life insurance assets
  • $4,251All other assets
  • $85,326Total liabilities and capital
  • $72,268Total liabilities
  • $62,491Total deposits
  • $61,613Interest-bearing deposits
  • $62,491Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,524Other borrowed funds
  • $0Subordinated debt
  • $253All other liabilities
  • $13,058Total equity capital
  • $13,058Total bank equity capital
  • $13,058Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $13,023Undivided profits
  • Memoranda
  • $35Noncurrent loans and leases
  • $3,342Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $415Average Assets, year-to-date
  • $80,072Average Assets, quarterly
  • $21,499Volatile liabilities
  • $87,074Insider loans
  • $86,128FHLB advances
  • $19,625Loans and leases held for sale
  • $375Unused loan commitments
  • $9,524Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,342Total unused commitments
  • $0Restructured Loans and leases
  • $329Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $4,129Total interest income
  • $2,316Total interest expense
  • $1,813Net interest income
  • $24Provision for loan and lease losses
  • $125Total noninterest income
  • $0Fiduciary activities
  • $8Service charges on deposit accounts
  • $0Trading account gains & fees
  • $117Additional noninterest income
  • $1,617Total noninterest expense
  • $1,130Salaries and employee benefits
  • $92Premises and equipment expense
  • $395Additional noninterest expense
  • $297Pre-tax net operating income
  • -$34Securities gains (losses)
  • $49Applicable income taxes
  • $214Income before extraordinary items
  • $0Extraordinary gains - net
  • $214Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 2.85%Cost of funding earning assets
  • 2.23%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 1.99%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.30%Pretax return on assets
  • 1.67%Return on equity (ROE)
  • 1.67%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 83,437Assets per employee
  • 7.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.66%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 79.66%Net loans and leases to core deposits
  • 99.83%Equity capital to assets
  • 15.30%Core capital (leverage) ratio
  • 15.30%Tier 1 risk-based capital ratio
  • 30.18%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $87,074Average earning assets
  • $12,826Average equity
  • $81,197Average loans

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