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- Banks in Massachusetts (MA)
- Fleet National Bank of Massachusetts
Fleet National Bank of Massachusetts in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of April 01, 1996
- Fleet National Bank of Massachusetts in Boston, Massachusetts (MA)
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Fleet National Bank of Massachusetts - Overview
- 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: $11,239.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1995)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $3,714Total assets
- $13,867,731Cash and due from depository institutions
- $1,218,898Interest-bearing balances
- $8,601Securities
- $3,321,256Federal funds sold & reverse repurchase agreements
- $130,000Net loans & leases
- $8,592,312Loan loss allowance
- $186,968Trading account assets
- $400Bank premises and fixed assets
- $107,387Other real estate owned
- $275Goodwill and other intangibles
- $404,356Life insurance assets
- $92,847All other assets
- $0Total liabilities and capital
- $13,867,731Total liabilities
- $12,718,899Total deposits
- $9,765,225Interest-bearing deposits
- $6,748,569Deposits held in domestic offices
- 9380967.00%% insured (estimated)
- $63Federal funds purchased & repurchase agreements
- $2,078,328Trading liabilities
- $310Other borrowed funds
- $590,854Subordinated debt
- $88,956All other liabilities
- $195,226Total equity capital
- $195,226Total bank equity capital
- $1,148,832Perpetual preferred stock
- $0Common stock
- $14,476Surplus
- $608,239Undivided profits
- Memoranda
- $526,117Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $75,615Income earned, not collected on loans
- $54,221Earning assets
- $12,052,169Long-term assets (5+ years)
- $2,698,555Average Assets, year-to-date
- $14,270,723Average Assets, quarterly
- $13,696,604Volatile liabilities
- $3,434,634Insider loans
- $63,486FHLB advances
- $0Loans and leases held for sale
- $0Unused loan commitments
- $5,034,994Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $1,052,844Total risk weighted assets
- $11,720,737Total unused commitments
- $0Restructured Loans and leases
- $3,018,791Derivatives
Income and Expense (December 31, 1995)
- Dollar figures in thousands
- $0Total interest income
- $977,510Total interest expense
- $481,500Net interest income
- $496,010Provision for loan and lease losses
- -$11,522Total noninterest income
- $165,734Fiduciary activities
- $42,341Service charges on deposit accounts
- $59,893Trading account gains & fees
- $1,299Additional noninterest income
- $62,201Total noninterest expense
- $480,500Salaries and employee benefits
- $166,602Premises and equipment expense
- $57,573Additional noninterest expense
- $256,325Pre-tax net operating income
- $192,766Securities gains (losses)
- -$1,762Applicable income taxes
- $59,929Income before extraordinary items
- $131,075Extraordinary gains - net
- $0Net income attributable to bank
- $131,075Net charge-offs
- $42,049Cash dividends
- $161,200Sale, 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
- 7.71%Cost of funding earning assets
- 3.80%Net interest margin
- 3.91%Noninterest income to earning assets
- 1.31%Noninterest expense to earning assets
- 3.79%Net operating income to assets
- 0.93%Return on assets (ROA)
- 0.92%Pretax return on assets
- 1.34%Return on equity (ROE)
- 11.27%Retained earnings to average equity (YTD only)
- -2.59%Net charge-offs to loans
- 0.48%Credit loss provision to net charge-offs
- -27.40%Efficiency ratio
- 71,407Assets per employee
- 3.73%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 122.98%Loss allowance to loans
- 2.13%Loss allowance to noncurrent loans
- 247.26%Noncurrent assets plus other real estate owned to assets
- 0.55%Noncurrent loans to loans
- 0.86%Net loans and leases to deposits
- 87.99%Net loans and leases to core deposits
- 96.97%Equity capital to assets
- 8.28%Core capital (leverage) ratio
- 7.88%Tier 1 risk-based capital ratio
- 8.98%Total risk-based capital ratio
- Memoranda
- $11Average assets
- $14,270,723Average earning assets
- $1,162,868Average equity
- $12,670,564Average loans
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