First Federal Savings Bank of America in city_name, state_name

First Federal Savings Bank of America in Fall River, Massachusetts (MA)
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First Federal Savings Bank of America - Overview

General
FDIC Certificate #: 30294
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Webster Bank, National Association (#18221)
Federal Reserve ID: 20978
Date Established: July 08, 1946
WWW: http://www.firstfedamerica.com
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 5120
FDIC's unique #: 43128
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: July 08, 1946
Last Structure Change Effective Date: May 14, 2004
Last Structure Change Process Date: May 28, 2004
Last Data Update: May 28, 2004
Data Source Date: April 05, 2012
Location
Address: 33 Sullivan Drive, Fall River, MA 2721
County: Bristol
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): Providence-Fall River-Warwick, RI-MA (#6480)
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300)
CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
Financial Summary
Total assets: $2,722.1 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, 2003)

Dollar figures in thousands
633Total employees (full-time equivalent)
$2,538,557Total assets
$44,318Cash and due from depository institutions
$7Interest-bearing balances
$820,615Securities
$0Federal funds sold & reverse repurchase agreements
$1,451,886Net loans & leases
$17,354Loan loss allowance
$0Trading account assets
$36,490Bank premises and fixed assets
$140Other real estate owned
$54,932Goodwill and other intangibles
$0Life insurance assets
$130,176All other assets
$2,538,557Total liabilities and capital
$2,330,100Total liabilities
$1,501,556Total deposits
$1,364,568Interest-bearing deposits
$1,501,556Deposits held in domestic offices
0.00%% insured (estimated)
$89,354Federal funds purchased & repurchase agreements
$0Trading liabilities
$711,219Other borrowed funds
$0Subordinated debt
$27,971All other liabilities
$208,457Total equity capital
$208,457Total bank equity capital
$208,457Perpetual preferred stock
$0Common stock
$1Surplus
$160,610Undivided profits
Memoranda
$47,846Noncurrent loans and leases
$407,846Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,800Earning assets
$0Long-term assets (5+ years)
$5,733Average Assets, year-to-date
$2,272,508Average Assets, quarterly
$0Volatile liabilities
$2,523,579Insider loans
$2,518,596FHLB advances
$1,381,898Loans and leases held for sale
$1,724Unused loan commitments
$711,087Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$387,774Total unused commitments
$140Restructured Loans and leases
$17,354Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$112,721Total interest income
$54,662Total interest expense
$58,059Net interest income
$775Provision for loan and lease losses
$12,578Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$12,578Additional noninterest income
$68,489Total noninterest expense
$42,983Salaries and employee benefits
$10,958Premises and equipment expense
$14,548Additional noninterest expense
$1,373Pre-tax net operating income
$35,226Securities gains (losses)
$14,684Applicable income taxes
$21,915Income before extraordinary items
$0Extraordinary gains - net
$21,915Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,194Sale, conversion, retirement of capital stock, net
$6,871Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.00%Yield on earning assets
2.42%Cost of funding earning assets
2.57%Net interest margin
0.56%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
-0.02%Net operating income to assets
0.87%Return on assets (ROA)
1.45%Pretax return on assets
10.92%Return on equity (ROE)
7.50%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
35.32%Credit loss provision to net charge-offs
0.98%Efficiency ratio
93,777Assets per employee
4.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.35%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
222.49%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.53%Net loans and leases to deposits
96.69%Net loans and leases to core deposits
157.77%Equity capital to assets
8.21%Core capital (leverage) ratio
6.42%Tier 1 risk-based capital ratio
10.59%Total risk-based capital ratio
Memoranda
$12Average assets
$2,523,579Average earning assets
$200,685Average equity
$2,255,923Average loans

First Federal Savings Bank of America in Fall River, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank of America - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

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

First Federal Savings Bank of America in Fall River, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank of America - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

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

First Federal Savings Bank of America in Fall River, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches