FDIC Certificate #: 90223 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Legacy Banks (#90265) Federal Reserve ID: 793302 Date Established: January 01, 1890 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 8407 FDIC's unique #: 17813 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: July 08, 1985 Last Structure Change Effective Date: January 01, 2002 Last Structure Change Process Date: January 14, 2002 Last Data Update: January 14, 2002 Data Source Date: April 05, 2012
Location
Address: 25 Main Street, Lenox, MA 1240 County: Berkshire 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 Metropolitan Statistical Area (MSA): Pittsfield, MA (#6320) Core Based Statistical Area (CBSA): Pittsfield, MA (#38340) CBSA Metro Statistical Area: Pittsfield, MA (#38340)
Financial Summary
Total assets: $126.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
30Total employees (full-time equivalent)
$126,531Total assets
$3,402Cash and due from depository institutions
$0Interest-bearing balances
$18,353Securities
$3,791Federal funds sold & reverse repurchase agreements
$96,224Net loans & leases
$704Loan loss allowance
$0Trading account assets
$1,971Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,790All other assets
$126,531Total liabilities and capital
$116,555Total liabilities
$89,875Total deposits
$81,386Interest-bearing deposits
$89,875Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$25,872Other borrowed funds
$0Subordinated debt
$808All other liabilities
$9,976Total equity capital
$9,976Total bank equity capital
$9,976Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$9,976Noncurrent loans and leases
$10,636Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$645Earning assets
$0Long-term assets (5+ years)
$426Average Assets, year-to-date
$118,368Average Assets, quarterly
$19,657Volatile liabilities
$125,953Insider loans
$128,144FHLB advances
$11,842Loans and leases held for sale
$1,081Unused loan commitments
$25,872Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,636Total unused commitments
$0Restructured Loans and leases
$704Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$8,495Total interest income
$4,542Total interest expense
$3,953Net interest income
$0Provision for loan and lease losses
$343Total noninterest income
$0Fiduciary activities
$220Service charges on deposit accounts
$0Trading account gains & fees
$123Additional noninterest income
$3,205Total noninterest expense
$1,640Salaries and employee benefits
$375Premises and equipment expense
$1,190Additional noninterest expense
$1,091Pre-tax net operating income
$0Securities gains (losses)
$395Applicable income taxes
$696Income before extraordinary items
$0Extraordinary gains - net
$696Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$14Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.16%Yield on earning assets
3.83%Cost of funding earning assets
3.33%Net interest margin
0.29%Noninterest income to earning assets
2.70%Noninterest expense to earning assets
0.55%Net operating income to assets
0.55%Return on assets (ROA)
0.87%Pretax return on assets
7.28%Return on equity (ROE)
7.28%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
74,604Assets per employee
4.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.73%Loss allowance to noncurrent loans
109.15%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.67%Net loans and leases to deposits
107.06%Net loans and leases to core deposits
121.52%Equity capital to assets
7.88%Core capital (leverage) ratio
7.84%Tier 1 risk-based capital ratio
11.60%Total risk-based capital ratio
Memoranda
$12Average assets
$125,953Average earning assets
$9,565Average equity
$118,583Average loans
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