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

This bank is inactive as of June 12, 1998

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

  • General
  • FDIC Certificate #: 26863
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Century Bank and Trust Company (#19943)
    Federal Reserve ID: 167574
    Date Established: January 01, 1955
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 36128
    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: January 02, 1987
    Last Structure Change Effective Date: June 12, 1998
    Last Structure Change Process Date: July 20, 1998
    Last Data Update: July 20, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 280 Atlantic Avenue, Boston, MA 2110
    County: Suffolk
    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: Boston-Quincy, MA (#14484)
  • Financial Summary
  • Total assets: $147.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $141,938Total assets
  • $1,215Cash and due from depository institutions
  • $40Interest-bearing balances
  • $54,278Securities
  • $3,800Federal funds sold & reverse repurchase agreements
  • $77,169Net loans & leases
  • $2,189Loan loss allowance
  • $0Trading account assets
  • $725Bank premises and fixed assets
  • $479Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,272All other assets
  • $141,938Total liabilities and capital
  • $124,940Total liabilities
  • $119,984Total deposits
  • $112,756Interest-bearing deposits
  • $119,984Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $1,956All other liabilities
  • $16,998Total equity capital
  • $16,998Total bank equity capital
  • $16,998Perpetual preferred stock
  • $0Common stock
  • $179Surplus
  • $2,555Undivided profits
  • Memoranda
  • $14,264Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,485Earning assets
  • $0Long-term assets (5+ years)
  • $532Average Assets, year-to-date
  • $135,287Average Assets, quarterly
  • $3,383Volatile liabilities
  • $149,668Insider loans
  • $146,968FHLB advances
  • $40,901Loans and leases held for sale
  • $400Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,815Total unused commitments
  • $0Restructured Loans and leases
  • $90,758Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $12,842Total interest income
  • $6,859Total interest expense
  • $5,983Net interest income
  • -$841Provision for loan and lease losses
  • $266Total noninterest income
  • $0Fiduciary activities
  • $18Service charges on deposit accounts
  • $0Trading account gains & fees
  • $248Additional noninterest income
  • $3,995Total noninterest expense
  • $1,911Salaries and employee benefits
  • $434Premises and equipment expense
  • $1,650Additional noninterest expense
  • $3,095Pre-tax net operating income
  • -$66Securities gains (losses)
  • $890Applicable income taxes
  • $2,139Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,139Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$389Sale, conversion, retirement of capital stock, net
  • $230Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.08%Yield on earning assets
  • 4.85%Cost of funding earning assets
  • 4.23%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.43%Return on assets (ROA)
  • 2.02%Pretax return on assets
  • 13.59%Return on equity (ROE)
  • 12.13%Retained earnings to average equity (YTD only)
  • -0.48%Net charge-offs to loans
  • 216.20%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,930Assets per employee
  • 5.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.75%Loss allowance to loans
  • 2.76%Loss allowance to noncurrent loans
  • 62.81%Noncurrent assets plus other real estate owned to assets
  • 2.79%Noncurrent loans to loans
  • 4.39%Net loans and leases to deposits
  • 64.32%Net loans and leases to core deposits
  • 94.01%Equity capital to assets
  • 11.98%Core capital (leverage) ratio
  • 11.73%Tier 1 risk-based capital ratio
  • 18.83%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $149,668Average earning assets
  • $15,740Average equity
  • $141,449Average loans
1
Daniella Monteiro
Apr 14, 2023 @ 10:10 am
Did this bank take over for Haymarket Bank when it closed down in 1998. Is this Eastern bank? How would I go about finding an old account I had with Haymarket cooperative Bank?
Thank you

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