FDIC Certificate #: 90216 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:TD Bank, National Association (#18409) Federal Reserve ID: 535007 Date Established: March 26, 1869 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 7956 FDIC's unique #: 17807 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: October 11, 1985 Last Structure Change Effective Date: July 26, 2002 Last Structure Change Process Date: August 21, 2002 Last Data Update: August 21, 2002 Data Source Date: April 05, 2012
Location
Address: 23 Market Street, Ipswich, MA 1938 County: Essex 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: Peabody, MA (#37764)
Financial Summary
Total assets: $323.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
91Total employees (full-time equivalent)
$320,971Total assets
$10,935Cash and due from depository institutions
$291Interest-bearing balances
$85,748Securities
$1Federal funds sold & reverse repurchase agreements
$216,536Net loans & leases
$2,121Loan loss allowance
$0Trading account assets
$2,824Bank premises and fixed assets
$0Other real estate owned
$219Goodwill and other intangibles
$0Life insurance assets
$4,708All other assets
$320,971Total liabilities and capital
$303,254Total liabilities
$252,448Total deposits
$225,196Interest-bearing deposits
$252,448Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$47,859Other borrowed funds
$0Subordinated debt
$2,947All other liabilities
$17,717Total equity capital
$17,717Total bank equity capital
$17,717Perpetual preferred stock
$0Common stock
$252Surplus
$2,205Undivided profits
Memoranda
$15,260Noncurrent loans and leases
$47,229Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$831Earning assets
$0Long-term assets (5+ years)
$1,251Average Assets, year-to-date
$302,576Average Assets, quarterly
$140,557Volatile liabilities
$300,488Insider loans
$312,243FHLB advances
$30,730Loans and leases held for sale
$240Unused loan commitments
$47,859Tier 1 (core) risk-based capital
$6,000Tier 2 risk-based capital
$14,946Total risk weighted assets
$47,229Total unused commitments
$0Restructured Loans and leases
$2,121Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$19,752Total interest income
$9,830Total interest expense
$9,922Net interest income
$100Provision for loan and lease losses
$2,659Total noninterest income
$0Fiduciary activities
$1,752Service charges on deposit accounts
$0Trading account gains & fees
$907Additional noninterest income
$7,947Total noninterest expense
$3,500Salaries and employee benefits
$1,052Premises and equipment expense
$3,395Additional noninterest expense
$4,534Pre-tax net operating income
$182Securities gains (losses)
$1,649Applicable income taxes
$3,067Income before extraordinary items
$0Extraordinary gains - net
$3,067Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$218Sale, conversion, retirement of capital stock, net
$574Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.93%Yield on earning assets
3.45%Cost of funding earning assets
3.48%Net interest margin
0.93%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
0.98%Net operating income to assets
1.02%Return on assets (ROA)
1.57%Pretax return on assets
18.76%Return on equity (ROE)
15.25%Retained earnings to average equity (YTD only)
-0.10%Net charge-offs to loans
-45.87%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,167Assets per employee
3.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.72%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
255.23%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.38%Net loans and leases to deposits
85.77%Net loans and leases to core deposits
90.38%Equity capital to assets
5.52%Core capital (leverage) ratio
5.55%Tier 1 risk-based capital ratio
9.85%Total risk-based capital ratio
Memoranda
$11Average assets
$300,488Average earning assets
$16,345Average equity
$285,059Average loans
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