Lafayette Federal Savings Bank in Fall River, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 2008

  • Lafayette Federal Savings Bank in Fall River, Massachusetts (MA)
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Lafayette Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30060
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mechanics' Co-operative Bank (#26634)
    Federal Reserve ID: 957971
    Date Established: January 01, 1894
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4658
    FDIC's unique #: 42894
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 15, 1984
    Last Structure Change Effective Date: September 01, 2008
    Last Structure Change Process Date: September 23, 2008
    Last Data Update: September 23, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 60 Bedford Street, Fall River, MA 2720
    County: Bristol
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Providence-Fall River-Warwick, RI-MA (#6480)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • Financial Summary
  • Total assets: $111.8 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, 2007)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $111,873Total assets
  • $2,640Cash and due from depository institutions
  • $1,735Interest-bearing balances
  • $63,645Securities
  • $1,090Federal funds sold & reverse repurchase agreements
  • $42,251Net loans & leases
  • $413Loan loss allowance
  • $0Trading account assets
  • $331Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,916All other assets
  • $111,873Total liabilities and capital
  • $100,163Total liabilities
  • $92,033Total deposits
  • $87,791Interest-bearing deposits
  • $92,033Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,032Other borrowed funds
  • $0Subordinated debt
  • $98All other liabilities
  • $11,710Total equity capital
  • $11,710Total bank equity capital
  • $11,710Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $11,710Noncurrent loans and leases
  • $885Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $75Earning assets
  • $0Long-term assets (5+ years)
  • $565Average Assets, year-to-date
  • $108,721Average Assets, quarterly
  • $0Volatile liabilities
  • $109,922Insider loans
  • $111,121FHLB advances
  • $23,083Loans and leases held for sale
  • $1,034Unused loan commitments
  • $8,032Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $885Total unused commitments
  • $0Restructured Loans and leases
  • $398Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $5,365Total interest income
  • $2,964Total interest expense
  • $2,401Net interest income
  • $0Provision for loan and lease losses
  • $173Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $173Additional noninterest income
  • $2,234Total noninterest expense
  • $1,444Salaries and employee benefits
  • $390Premises and equipment expense
  • $400Additional noninterest expense
  • $340Pre-tax net operating income
  • $0Securities gains (losses)
  • $108Applicable income taxes
  • $232Income before extraordinary items
  • $0Extraordinary gains - net
  • $232Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 2.77%Cost of funding earning assets
  • 2.25%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 2.09%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 2.00%Return on equity (ROE)
  • 2.00%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 86,791Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 550.67%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 45.91%Net loans and leases to core deposits
  • 54.88%Equity capital to assets
  • 10.47%Core capital (leverage) ratio
  • 10.69%Tier 1 risk-based capital ratio
  • 37.69%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $109,922Average earning assets
  • $11,628Average equity
  • $106,912Average loans

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