Liberty Bank and Trust Company in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2002

  • Liberty Bank and Trust Company in Boston, Massachusetts (MA)
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Liberty Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 19485
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: General Bank (#23083)
    Federal Reserve ID: 985602
    Date Established: September 08, 1965
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 13285
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 08, 1965
    Last Structure Change Effective Date: March 01, 2002
    Last Structure Change Process Date: April 08, 2002
    Last Data Update: April 08, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 21 Milk Street, Boston, MA 2109
    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: $37.1 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
  • 13Total employees (full-time equivalent)
  • $37,143Total assets
  • $1,144Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,246Securities
  • $8,710Federal funds sold & reverse repurchase agreements
  • $21,468Net loans & leases
  • $425Loan loss allowance
  • $0Trading account assets
  • $177Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $398All other assets
  • $37,143Total liabilities and capital
  • $30,808Total liabilities
  • $30,385Total deposits
  • $21,694Interest-bearing deposits
  • $30,385Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $259Other borrowed funds
  • $0Subordinated debt
  • $164All other liabilities
  • $6,335Total equity capital
  • $6,335Total bank equity capital
  • $6,335Perpetual preferred stock
  • $0Common stock
  • $586Surplus
  • $1,016Undivided profits
  • Memoranda
  • $4,733Noncurrent loans and leases
  • $3,234Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4Earning assets
  • $0Long-term assets (5+ years)
  • $248Average Assets, year-to-date
  • $35,424Average Assets, quarterly
  • $3,530Volatile liabilities
  • $37,504Insider loans
  • $37,260FHLB advances
  • $5,663Loans and leases held for sale
  • $1,425Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,234Total unused commitments
  • $0Restructured Loans and leases
  • $329Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $2,929Total interest income
  • $665Total interest expense
  • $2,264Net interest income
  • $15Provision for loan and lease losses
  • $397Total noninterest income
  • $0Fiduciary activities
  • $274Service charges on deposit accounts
  • $0Trading account gains & fees
  • $123Additional noninterest income
  • $1,648Total noninterest expense
  • $824Salaries and employee benefits
  • $343Premises and equipment expense
  • $481Additional noninterest expense
  • $998Pre-tax net operating income
  • $54Securities gains (losses)
  • $368Applicable income taxes
  • $684Income before extraordinary items
  • $0Extraordinary gains - net
  • $684Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.32%Yield on earning assets
  • 1.89%Cost of funding earning assets
  • 6.43%Net interest margin
  • 1.13%Noninterest income to earning assets
  • 4.68%Noninterest expense to earning assets
  • 1.73%Net operating income to assets
  • 1.82%Return on assets (ROA)
  • 2.81%Pretax return on assets
  • 11.33%Return on equity (ROE)
  • 11.33%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -1500.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,932Assets per employee
  • 2.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 10625.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 70.65%Net loans and leases to core deposits
  • 85.94%Equity capital to assets
  • 17.06%Core capital (leverage) ratio
  • 15.96%Tier 1 risk-based capital ratio
  • 23.72%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $37,504Average earning assets
  • $6,037Average equity
  • $35,200Average loans

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