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

Greenfield Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26397
    Status: Active
    Federal Reserve ID: 326979
    Bank Holding Company (Regulatory Top Holder): Greenfield Bancorp Mhc (RSSDID: 3736690, Location: Greenfield, MA)
    Date Established: January 01, 1905
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 9582
    FDIC's unique #: 33005
    Numeric code: 41
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: October 22, 1985
    Last Structure Change Effective Date: November 24, 2008
    Last Structure Change Process Date: December 09, 2008
    Last Data Update: December 09, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 63 Federal Street, Greenfield, MA 1301
    County: Franklin
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • History of Changes
  • Change in Entity Type
  • Financial Summary
  • Total assets: $308.4 mil
    Equity capital: $36.3 mil
    Deposits held in domestic offices: $260.0 mil
    Return on assets (ROA): 0.45% ($1.4 mil)
    Quarterly return on assets: 0.58% ($1.8 mil)
    Return on Equity (ROE): 3.79% ($1.4 mil)
    Quarterly return on equity: 4.88% ($1.8 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.65% ($2,004.3 mil)
    Quarterly Pretax return on assets: 0.85% ($2,621.0 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
  • 55Total employees (full-time equivalent)
  • $308,350Total assets
  • $26,578Cash and due from depository institutions
  • $21,111Interest-bearing balances
  • $90,014Securities
  • $1,041Federal funds sold & reverse repurchase agreements
  • $177,213Net loans & leases
  • $1,736Loan loss allowance
  • $0Trading account assets
  • $5,552Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $308,350Life insurance assets
  • $7,952All other assets
  • $272,044Total liabilities and capital
  • $260,033Total liabilities
  • $246,055Total deposits
  • $260,033Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,908Trading liabilities
  • $0Other borrowed funds
  • $1,103Subordinated debt
  • $36,306All other liabilities
  • $36,306Total equity capital
  • $36,306Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $2,462Surplus
  • $33,834Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $208Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,229Income earned, not collected on loans
  • $0Earning assets
  • $776Long-term assets (5+ years)
  • $289,379Average Assets, year-to-date
  • $71,864Average Assets, quarterly
  • $299,316Volatile liabilities
  • $306,542Insider loans
  • $174,711FHLB advances
  • $303,674Loans and leases held for sale
  • $3,652Unused loan commitments
  • $3,652Tier 1 (core) risk-based capital
  • $34,784Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,381Restructured Loans and leases
  • $2,987Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,572Total interest income
  • $2,436Total interest expense
  • $8,136Net interest income
  • $263Provision for loan and lease losses
  • $1,337Total noninterest income
  • $0Fiduciary activities
  • $836Service charges on deposit accounts
  • $0Trading account gains & fees
  • $501Additional noninterest income
  • $7,267Total noninterest expense
  • $3,584Salaries and employee benefits
  • $955Premises and equipment expense
  • $2,728Additional noninterest expense
  • $1,943Pre-tax net operating income
  • $0Securities gains (losses)
  • $601Applicable income taxes
  • $1,342Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,342Net income attributable to bank
  • $0Net charge-offs
  • $1,342Cash dividends
  • $94Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.76%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 2.89%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 3.79%Return on equity (ROE)
  • 3.79%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 279.79%Credit loss provision to net charge-offs
  • 23.47%Efficiency ratio
  • 76,713Assets per employee
  • 5.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 53.76%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 1.80%Net loans and leases to deposits
  • 68.15%Net loans and leases to core deposits
  • 70.23%Equity capital to assets
  • 11.77%Core capital (leverage) ratio
  • 11.45%Tier 1 risk-based capital ratio
  • 19.91%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $299,316Average earning assets
  • $35,434Average equity
  • $281,330Average loans

List of branches

  • 5 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033005Greenfield Co-Operative Bank63 Federal Street, Greenfield, MA 1301January 01, 1905Full Service Brick and Mortar
    2259329Northfield Branch144 Main Street, Northfield, MA 1360May 19, 1975Full Service Brick and Mortar
    3259330Federal Street Branch277 Federal Street, Greenfield, MA 1301March 07, 1988Full Service Brick and Mortar
    4365918Sunderland Branch18 Amherst Road, Sunderland, MA 1375January 06, 2003Full Service Brick and Mortar
    5501649Shelburne Falls Branch33-37 Bridge Road, Shelburne Falls, MA 1370Febuary 10, 2010Full Service Brick and Mortar

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