Foxborough Savings Bank in Foxboro, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 30, 2004

  • Foxborough Savings Bank in Foxboro, Massachusetts (MA)
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Foxborough Savings Bank - Overview

  • General
  • FDIC Certificate #: 90198
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 192606
    Date Established: April 16, 1855
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 8430
    FDIC's unique #: 17789
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 19, 1985
    Last Structure Change Effective Date: April 30, 2004
    Last Structure Change Process Date: May 21, 2004
    Last Data Update: May 21, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 54 Central Street, Foxboro, MA 2035
    County: Norfolk
    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: $249.6 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
  • 52Total employees (full-time equivalent)
  • $248,939Total assets
  • $10,224Cash and due from depository institutions
  • $4,854Interest-bearing balances
  • $67,966Securities
  • $2,456Federal funds sold & reverse repurchase agreements
  • $158,998Net loans & leases
  • $937Loan loss allowance
  • $0Trading account assets
  • $1,787Bank premises and fixed assets
  • $0Other real estate owned
  • $146Goodwill and other intangibles
  • $0Life insurance assets
  • $7,362All other assets
  • $248,939Total liabilities and capital
  • $221,340Total liabilities
  • $215,150Total deposits
  • $197,315Interest-bearing deposits
  • $215,150Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,000Other borrowed funds
  • $0Subordinated debt
  • $2,190All other liabilities
  • $27,599Total equity capital
  • $27,599Total bank equity capital
  • $27,599Perpetual preferred stock
  • $0Common stock
  • $889Surplus
  • $2,270Undivided profits
  • Memoranda
  • $24,440Noncurrent loans and leases
  • $23,053Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13Earning assets
  • $0Long-term assets (5+ years)
  • $1,342Average Assets, year-to-date
  • $234,274Average Assets, quarterly
  • $153,375Volatile liabilities
  • $235,641Insider loans
  • $248,901FHLB advances
  • $38,421Loans and leases held for sale
  • $1,685Unused loan commitments
  • $4,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $23,053Total unused commitments
  • $0Restructured Loans and leases
  • $937Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $13,701Total interest income
  • $2,864Total interest expense
  • $10,837Net interest income
  • $45Provision for loan and lease losses
  • $1,537Total noninterest income
  • $0Fiduciary activities
  • $352Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,185Additional noninterest income
  • $9,135Total noninterest expense
  • $6,581Salaries and employee benefits
  • $563Premises and equipment expense
  • $1,991Additional noninterest expense
  • $3,194Pre-tax net operating income
  • $417Securities gains (losses)
  • $2,046Applicable income taxes
  • $1,565Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,565Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $17Sale, conversion, retirement of capital stock, net
  • $2,004Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.14%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 4.85%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 4.09%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 5.40%Return on equity (ROE)
  • -1.52%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 264.71%Credit loss provision to net charge-offs
  • 190.53%Efficiency ratio
  • 73,824Assets per employee
  • 4.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 128.05%Loss allowance to loans
  • 0.59%Loss allowance to noncurrent loans
  • 7207.69%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 73.90%Net loans and leases to core deposits
  • 87.98%Equity capital to assets
  • 11.09%Core capital (leverage) ratio
  • 11.05%Tier 1 risk-based capital ratio
  • 19.92%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $235,641Average earning assets
  • $28,963Average equity
  • $223,232Average loans

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