Fleet National Bank of Massachusetts in Boston, Massachusetts (MA)
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| Fleet National Bank of Massachusetts | |
|---|---|
| General | FDIC Certificate #: 19429 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Fleet National Bank (#2499) Federal Reserve ID: 914808 Date Established: May 06, 1965 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 147 (Interstate: No) OTS Docket #: 11119 FDIC's unique #: 13232 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: May 06, 1965 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: One Federal Street, Boston, MA 2211 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: $11,239.7 mil |
| Assets and Liabilities (December 31, 1995) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $3,714 |
| Cash and due from depository institutions | $13,867,731 |
| Interest-bearing balances | $1,218,898 |
| Securities | $8,601 |
| Federal funds sold & reverse repurchase agreements | $3,321,256 |
| Net loans & leases | $130,000 |
| Loan loss allowance | $8,592,312 |
| Trading account assets | $186,968 |
| Bank premises and fixed assets | $400 |
| Other real estate owned | $107,387 |
| Goodwill and other intangibles | $275 |
| All other assets | $92,847 |
| Life insurance assets | $404,356 |
| Total liabilities and capital | $0 |
| Total liabilities | $13,867,731 |
| Total deposits | $12,718,899 |
| Interest-bearing deposits | $9,765,225 |
| Deposits held in domestic offices | $6,748,569 |
| % insured (estimated) | 9380967.00% |
| Federal funds purchased & repurchase agreements | $63 |
| Trading liabilities | $2,078,328 |
| Other borrowed funds | $310 |
| Subordinated debt | $590,854 |
| All other liabilities | $88,956 |
| Total equity capital | $195,226 |
| Total bank equity capital | $195,226 |
| Perpetual preferred stock | $1,148,832 |
| Common stock | $0 |
| Surplus | $14,476 |
| Undivided profits | $608,239 |
| Memoranda | |
| Noncurrent loans and leases | $526,117 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $75,615 |
| Earning assets | $54,221 |
| Long-term assets (5+ years) | $12,052,169 |
| Average Assets, year-to-date | $2,698,555 |
| Average Assets, quarterly | $14,270,723 |
| Volatile liabilities | $13,696,604 |
| Insider loans | $3,434,634 |
| FHLB advances | $63,486 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $5,034,994 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $1,052,844 |
| Total unused commitments | $11,720,737 |
| Restructured Loans and leases | $0 |
| Derivatives | $3,018,791 |
| Income and Expense (December 31, 1995) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $977,510 |
| Net interest income | $481,500 |
| Provision for loan and lease losses | $496,010 |
| Total noninterest income | -$11,522 |
| Fiduciary activities | $165,734 |
| Service charges on deposit accounts | $42,341 |
| Trading account gains & fees | $59,893 |
| Additional noninterest income | $1,299 |
| Total noninterest expense | $62,201 |
| Salaries and employee benefits | $480,500 |
| Premises and equipment expense | $166,602 |
| Additional noninterest expense | $57,573 |
| Pre-tax net operating income | $256,325 |
| Securities gains (losses) | $192,766 |
| Applicable income taxes | -$1,762 |
| Income before extraordinary items | $59,929 |
| Extraordinary gains - net | $131,075 |
| Net income attributable to bank | $0 |
| Net charge-offs | $131,075 |
| Cash dividends | $42,049 |
| Sale, conversion, retirement of capital stock, net | $161,200 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1995) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| Cost of funding earning assets | 7.71% |
| Net interest margin | 3.80% |
| Noninterest income to earning assets | 3.91% |
| Noninterest expense to earning assets | 1.31% |
| Net operating income to assets | 3.79% |
| Return on assets (ROA) | 0.93% |
| Pretax return on assets | 0.92% |
| Return on equity (ROE) | 1.34% |
| Retained earnings to average equity (YTD only) | 11.27% |
| Net charge-offs to loans | -2.59% |
| Credit loss provision to net charge-offs | 0.48% |
| Efficiency ratio | -27.40% |
| Assets per employee | $71,407 |
| Cash dividends to net income (YTD only) | 3.73% |
| Condition Ratios (%) | |
| Loss allowance to loans | 122.98% |
| Loss allowance to noncurrent loans | 2.13% |
| Noncurrent assets plus other real estate owned to assets | 247.26% |
| Noncurrent loans to loans | 0.55% |
| Net loans and leases to deposits | 0.86% |
| Net loans and leases to core deposits | 87.99% |
| Equity capital to assets | 96.97% |
| Core capital (leverage) ratio | 8.28% |
| Tier 1 risk-based capital ratio | 7.88% |
| Total risk-based capital ratio | 8.98% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $14,270,723 |
| Average equity | $1,162,868 |
| Average loans | $12,670,564 |
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