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
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?
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