Family Bank, National Association in Haverhill, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 12, 2000

  • Family Bank, National Association in Haverhill, Massachusetts (MA)
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Family Bank, National Association - Overview

  • General
  • FDIC Certificate #: 90209
    Status: Inactive
    Closing history: Change in Entity Type
    Acquiring institution: First Massachusetts Bank, National Association (#34136)
    Federal Reserve ID: 595506
    Date Established: Febuary 28, 1828
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 63 (Interstate: No)
    OTS Docket #: 13276
    FDIC's unique #: 17800
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: September 17, 1985
    Last Structure Change Effective Date: May 12, 2000
    Last Structure Change Process Date: June 13, 2000
    Last Data Update: June 13, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 153 Merrimack Street, Haverhill, MA 1830
    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
    Change in Primary Regulatory Agency
    Change in Entity Type
  • Financial Summary
  • Total assets: $4,477.8 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 1,063Total employees (full-time equivalent)
  • $4,459,956Total assets
  • $186,686Cash and due from depository institutions
  • $69,812Interest-bearing balances
  • $1,756,510Securities
  • $34,095Federal funds sold & reverse repurchase agreements
  • $2,121,574Net loans & leases
  • $31,982Loan loss allowance
  • $0Trading account assets
  • $44,830Bank premises and fixed assets
  • $967Other real estate owned
  • $74,063Goodwill and other intangibles
  • $0Life insurance assets
  • $241,231All other assets
  • $4,459,956Total liabilities and capital
  • $4,217,311Total liabilities
  • $2,357,671Total deposits
  • $2,175,185Interest-bearing deposits
  • $2,357,671Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $341,702Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,469,067Other borrowed funds
  • $0Subordinated debt
  • $48,871All other liabilities
  • $242,645Total equity capital
  • $242,645Total bank equity capital
  • $242,645Perpetual preferred stock
  • $0Common stock
  • $13,025Surplus
  • $152,506Undivided profits
  • Memoranda
  • $77,114Noncurrent loans and leases
  • $634,503Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10,007Earning assets
  • $0Long-term assets (5+ years)
  • $10,783Average Assets, year-to-date
  • $3,981,991Average Assets, quarterly
  • $0Volatile liabilities
  • $3,736,350Insider loans
  • $4,405,251FHLB advances
  • $2,729,524Loans and leases held for sale
  • $8,486Unused loan commitments
  • $1,469,067Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $634,503Total unused commitments
  • $1,529Restructured Loans and leases
  • $31,194Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $258,813Total interest income
  • $144,497Total interest expense
  • $114,316Net interest income
  • $249Provision for loan and lease losses
  • $50,105Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $50,105Additional noninterest income
  • $104,725Total noninterest expense
  • $38,309Salaries and employee benefits
  • $19,062Premises and equipment expense
  • $47,354Additional noninterest expense
  • $59,447Pre-tax net operating income
  • -$3,588Securities gains (losses)
  • $19,928Applicable income taxes
  • $35,931Income before extraordinary items
  • $0Extraordinary gains - net
  • $35,931Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,051Sale, conversion, retirement of capital stock, net
  • $18,547Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.75%Yield on earning assets
  • 4.33%Cost of funding earning assets
  • 3.42%Net interest margin
  • 1.50%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 15.89%Return on equity (ROE)
  • 7.69%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 23.69%Credit loss provision to net charge-offs
  • 56.80%Efficiency ratio
  • 62,271Assets per employee
  • 4.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.62%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 319.60%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 89.99%Net loans and leases to core deposits
  • 147.44%Equity capital to assets
  • 5.44%Core capital (leverage) ratio
  • 5.49%Tier 1 risk-based capital ratio
  • 9.82%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $3,736,350Average earning assets
  • $226,079Average equity
  • $3,338,707Average loans

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