Fleet Bank of Massachusetts, National Association in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1996

  • Fleet Bank of Massachusetts, National Association in Boston, Massachusetts (MA)
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Fleet Bank of Massachusetts, National Association - Overview

  • General
  • FDIC Certificate #: 26305
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank (#2499)
    Federal Reserve ID: 88503
    Date Established: July 01, 1985
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 190 (Interstate: No)
    FDIC's unique #: 32730
    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: July 01, 1985
    Last Structure Change Effective Date: April 01, 1996
    Last Structure Change Process Date: April 11, 1996
    Last Data Update: April 11, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 75 State Street, Boston, MA 2109
    County: Suffolk
    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: $10,166.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,780Total assets
  • $11,037,136Cash and due from depository institutions
  • $868,888Interest-bearing balances
  • $59Securities
  • $1,745,182Federal funds sold & reverse repurchase agreements
  • $887,825Net loans & leases
  • $6,721,257Loan loss allowance
  • $161,555Trading account assets
  • $195,513Bank premises and fixed assets
  • $132,284Other real estate owned
  • $6,654Goodwill and other intangibles
  • $215,672Life insurance assets
  • $263,861All other assets
  • $0Total liabilities and capital
  • $11,037,136Total liabilities
  • $9,944,915Total deposits
  • $8,659,417Interest-bearing deposits
  • $6,727,894Deposits held in domestic offices
  • 7729718.00%% insured (estimated)
  • $79Federal funds purchased & repurchase agreements
  • $679,264Trading liabilities
  • $156,522Other borrowed funds
  • $267,105Subordinated debt
  • $0All other liabilities
  • $182,607Total equity capital
  • $182,607Total bank equity capital
  • $1,092,221Perpetual preferred stock
  • $0Common stock
  • $15,000Surplus
  • $923,174Undivided profits
  • Memoranda
  • $154,047Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $91,650Income earned, not collected on loans
  • $48,770Earning assets
  • $9,364,323Long-term assets (5+ years)
  • $1,815,479Average Assets, year-to-date
  • $10,449,305Average Assets, quarterly
  • $10,744,018Volatile liabilities
  • $2,304,544Insider loans
  • $67,012FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,020,383Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $827,919Total risk weighted assets
  • $8,811,179Total unused commitments
  • $0Restructured Loans and leases
  • $11,196,350Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $791,608Total interest expense
  • $299,793Net interest income
  • $491,815Provision for loan and lease losses
  • $32,597Total noninterest income
  • $133,358Fiduciary activities
  • $35,436Service charges on deposit accounts
  • $58,315Trading account gains & fees
  • $19,093Additional noninterest income
  • $20,514Total noninterest expense
  • $387,324Salaries and employee benefits
  • $89,208Premises and equipment expense
  • $38,022Additional noninterest expense
  • $260,094Pre-tax net operating income
  • $205,252Securities gains (losses)
  • $11,807Applicable income taxes
  • $93,587Income before extraordinary items
  • $123,472Extraordinary gains - net
  • $0Net income attributable to bank
  • $123,472Net charge-offs
  • $23,261Cash dividends
  • $183,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.87%Cost of funding earning assets
  • 3.36%Net interest margin
  • 5.51%Noninterest income to earning assets
  • 1.49%Noninterest expense to earning assets
  • 4.34%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 2.08%Return on equity (ROE)
  • 12.19%Retained earnings to average equity (YTD only)
  • -5.88%Net charge-offs to loans
  • 0.35%Credit loss provision to net charge-offs
  • 140.14%Efficiency ratio
  • 56,430Assets per employee
  • 6.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 148.21%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 176.27%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 1.33%Net loans and leases to deposits
  • 77.62%Net loans and leases to core deposits
  • 92.10%Equity capital to assets
  • 9.90%Core capital (leverage) ratio
  • 8.24%Tier 1 risk-based capital ratio
  • 9.40%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $10,449,305Average earning assets
  • $1,012,977Average equity
  • $8,927,843Average loans

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