First National Bank of the Berkshires in Lee, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 05, 1997

  • First National Bank of the Berkshires in Lee, Massachusetts (MA)
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First National Bank of the Berkshires - Overview

  • General
  • FDIC Certificate #: 2597
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Legacy Banks (#90265)
    Federal Reserve ID: 914004
    Date Established: January 01, 1835
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 9187
    FDIC's unique #: 1685
    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: January 01, 1934
    Last Structure Change Effective Date: December 05, 1997
    Last Structure Change Process Date: December 18, 1997
    Last Data Update: December 20, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 76 Park Street, Lee, MA 1238
    County: Berkshire
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Pittsfield, MA (#6320)
    Core Based Statistical Area (CBSA): Pittsfield, MA (#38340)
    CBSA Metro Statistical Area: Pittsfield, MA (#38340)
  • Financial Summary
  • Total assets: $63.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $37Total assets
  • $60,346Cash and due from depository institutions
  • $3,881Interest-bearing balances
  • $1,927Securities
  • $6,934Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $46,687Loan loss allowance
  • $592Trading account assets
  • $0Bank premises and fixed assets
  • $1,037Other real estate owned
  • $877Goodwill and other intangibles
  • $930Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $60,346Total liabilities
  • $54,698Total deposits
  • $48,984Interest-bearing deposits
  • $38,596Deposits held in domestic offices
  • 48984.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $1,244Trading liabilities
  • $0Other borrowed funds
  • $3,800Subordinated debt
  • $0All other liabilities
  • $670Total equity capital
  • $670Total bank equity capital
  • $5,648Perpetual preferred stock
  • $0Common stock
  • $440Surplus
  • $2,193Undivided profits
  • Memoranda
  • $3,015Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $490Income earned, not collected on loans
  • $382Earning assets
  • $55,548Long-term assets (5+ years)
  • $2,608Average Assets, year-to-date
  • $61,685Average Assets, quarterly
  • $60,955Volatile liabilities
  • $5,182Insider loans
  • $699FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,687Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,649Total risk weighted assets
  • $36,039Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,676Total interest expense
  • $2,079Net interest income
  • $2,597Provision for loan and lease losses
  • $61Total noninterest income
  • $433Fiduciary activities
  • $0Service charges on deposit accounts
  • $130Trading account gains & fees
  • $0Additional noninterest income
  • $303Total noninterest expense
  • $2,162Salaries and employee benefits
  • $1,227Premises and equipment expense
  • $182Additional noninterest expense
  • $753Pre-tax net operating income
  • $807Securities gains (losses)
  • -$79Applicable income taxes
  • $239Income before extraordinary items
  • $489Extraordinary gains - net
  • $0Net income attributable to bank
  • $489Net charge-offs
  • $15Cash dividends
  • $148Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.21%Cost of funding earning assets
  • 3.65%Net interest margin
  • 4.56%Noninterest income to earning assets
  • 0.76%Noninterest expense to earning assets
  • 3.80%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 1.18%Return on equity (ROE)
  • 8.88%Retained earnings to average equity (YTD only)
  • 6.19%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 406.67%Efficiency ratio
  • 71,353Assets per employee
  • 1.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.27%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 120.82%Noncurrent assets plus other real estate owned to assets
  • 2.27%Noncurrent loans to loans
  • 1.04%Net loans and leases to deposits
  • 95.31%Net loans and leases to core deposits
  • 100.30%Equity capital to assets
  • 9.36%Core capital (leverage) ratio
  • 9.19%Tier 1 risk-based capital ratio
  • 15.67%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $61,685Average earning assets
  • $5,506Average equity
  • $56,944Average loans

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