Framingham Co-operative Bank in Framingham, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Framingham Co-operative Bank in Framingham, Massachusetts (MA)
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Framingham Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26395
    Status: Active
    Federal Reserve ID: 154770
    Date Established: January 01, 1889
    WWW: http://www.framinghambank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 4185
    FDIC's unique #: 33003
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 11, 1985
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 828 Concord Street, Framingham, MA 1701
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North 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: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $398.5 mil
    Equity capital: $89.8 mil
    Deposits held in domestic offices: $303.8 mil
    Return on assets (ROA): 1.73% ($6.9 mil)
    Quarterly return on assets: 1.38% ($5.5 mil)
    Return on Equity (ROE): 8.00% ($7.2 mil)
    Quarterly return on equity: 6.23% ($5.6 mil)
    Net income: $6.8 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 2.46% ($9,803.0 mil)
    Quarterly Pretax return on assets: 2.17% ($8,647.3 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, 2011)

  • Dollar figures in thousands
  • 54Total employees (full-time equivalent)
  • $398,495Total assets
  • $29,977Cash and due from depository institutions
  • $29,269Interest-bearing balances
  • $33,858Securities
  • $1,227Federal funds sold & reverse repurchase agreements
  • $314,267Net loans & leases
  • $3,374Loan loss allowance
  • $0Trading account assets
  • $3,373Bank premises and fixed assets
  • $4,026Other real estate owned
  • $0Goodwill and other intangibles
  • $398,495Life insurance assets
  • $11,767All other assets
  • $308,704Total liabilities and capital
  • $303,771Total liabilities
  • $280,893Total deposits
  • $303,771Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $293Trading liabilities
  • $0Other borrowed funds
  • $4,640Subordinated debt
  • $89,791All other liabilities
  • $89,791Total equity capital
  • $89,791Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $87,078Surplus
  • $2,713Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,125Income earned, not collected on loans
  • $0Earning assets
  • $1,100Long-term assets (5+ years)
  • $378,621Average Assets, year-to-date
  • $30,353Average Assets, quarterly
  • $393,828Volatile liabilities
  • $400,794Insider loans
  • $321,482FHLB advances
  • $391,928Loans and leases held for sale
  • $6,127Unused loan commitments
  • $4,446Tier 1 (core) risk-based capital
  • $87,078Tier 2 risk-based capital
  • $1,681Total risk weighted assets
  • $0Total unused commitments
  • $61,573Restructured Loans and leases
  • $2,762Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,514Total interest income
  • $3,776Total interest expense
  • $15,738Net interest income
  • $2Provision for loan and lease losses
  • $2,686Total noninterest income
  • $0Fiduciary activities
  • $270Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,416Additional noninterest income
  • $8,926Total noninterest expense
  • $5,496Salaries and employee benefits
  • $648Premises and equipment expense
  • $2,782Additional noninterest expense
  • $9,496Pre-tax net operating income
  • $189Securities gains (losses)
  • $2,890Applicable income taxes
  • $6,795Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,795Net income attributable to bank
  • $0Net charge-offs
  • $6,795Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.69%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 2.46%Pretax return on assets
  • 8.00%Return on equity (ROE)
  • 8.00%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 25.00%Credit loss provision to net charge-offs
  • 1187.25%Efficiency ratio
  • 48,448Assets per employee
  • 7.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 47.35%Noncurrent assets plus other real estate owned to assets
  • 2.80%Noncurrent loans to loans
  • 2.24%Net loans and leases to deposits
  • 103.46%Net loans and leases to core deposits
  • 124.27%Equity capital to assets
  • 22.53%Core capital (leverage) ratio
  • 22.22%Tier 1 risk-based capital ratio
  • 27.09%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $393,828Average earning assets
  • $84,954Average equity
  • $372,587Average loans

List of branches

  • 2 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033003Framingham Co-Operative Bank828 Concord Street, Framingham, MA 1701January 01, 1889Full Service Brick and Mortar
    3259325Lincoln Street BranchOne Lincoln Street, Framingham, MA 1701June 09, 1997Full Service Brick and Mortar

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