FDIC Certificate #: 35449 Status: Inactive Closing history: Change in Supervisory Agency Acquiring institution:Brookline Bank (#17798) Federal Reserve ID: 2891109 Date Established: May 22, 2000 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 17810 FDIC's unique #: 80227 Numeric code: 43 Regulator: OTS Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: May 22, 2000 Last Structure Change Effective Date: July 17, 2001 Last Structure Change Process Date: August 06, 2001 Last Data Update: August 06, 2001 Data Source Date: April 05, 2012
Location
Address: 300 Fifth Avenue, Waltham, MA 2451 County: Middlesex 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): 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: Cambridge-Newton-Framingham, MA (#15764)
History of Changes
Merger - Without Assistance
Change in Primary Regulatory Agency
Change in OTS Docket Number
Change in Supervisory Agency
Financial Summary
Total assets: $80.1 mil
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
32Total employees (full-time equivalent)
$75,071Total assets
$29,454Cash and due from depository institutions
$26,156Interest-bearing balances
$9,063Securities
$0Federal funds sold & reverse repurchase agreements
$33,212Net loans & leases
$117Loan loss allowance
$0Trading account assets
$2,108Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,234All other assets
$75,071Total liabilities and capital
$52,878Total liabilities
$52,645Total deposits
$52,400Interest-bearing deposits
$52,645Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$233All other liabilities
$22,193Total equity capital
$22,193Total bank equity capital
$22,193Perpetual preferred stock
$0Common stock
$1,000Surplus
$24,000Undivided profits
Memoranda
$-2,807Noncurrent loans and leases
$10,186Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$156Average Assets, year-to-date
$68,431Average Assets, quarterly
$6,834Volatile liabilities
$46,566Insider loans
$57,750FHLB advances
$9,044Loans and leases held for sale
$25Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,186Total unused commitments
$0Restructured Loans and leases
$117Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$1,686Total interest income
$582Total interest expense
$1,104Net interest income
$127Provision for loan and lease losses
$20Total noninterest income
$0Fiduciary activities
$20Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$5,038Total noninterest expense
$1,254Salaries and employee benefits
$622Premises and equipment expense
$3,162Additional noninterest expense
-$4,041Pre-tax net operating income
$5Securities gains (losses)
-$1,118Applicable income taxes
-$2,918Income before extraordinary items
$0Extraordinary gains - net
-$2,918Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.03%Yield on earning assets
1.39%Cost of funding earning assets
2.64%Net interest margin
0.05%Noninterest income to earning assets
12.05%Noninterest expense to earning assets
-6.27%Net operating income to assets
-6.27%Return on assets (ROA)
-8.67%Pretax return on assets
-12.66%Return on equity (ROE)
-12.66%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
1270.00%Credit loss provision to net charge-offs
-391.40%Efficiency ratio
448,221Assets per employee
2.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.35%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
63.09%Net loans and leases to core deposits
76.17%Equity capital to assets
29.56%Core capital (leverage) ratio
39.07%Tier 1 risk-based capital ratio
75.41%Total risk-based capital ratio
Memoranda
$76Average assets
$46,566Average earning assets
$23,040Average equity
$41,812Average loans
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