Mansfield Co-operative Bank in Mansfield, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Mansfield Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26448
    Status: Active
    Federal Reserve ID: 163370
    Date Established: January 01, 1883
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 8465
    FDIC's unique #: 33095
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 05, 1985
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 80 North Main Street, Mansfield, MA 2048
    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): 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): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $358.2 mil
    Equity capital: $38.7 mil
    Deposits held in domestic offices: $303.5 mil
    Return on assets (ROA): 0.31% ($1.1 mil)
    Quarterly return on assets: 0.38% ($1.4 mil)
    Return on Equity (ROE): 2.88% ($1.1 mil)
    Quarterly return on equity: 3.54% ($1.4 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.37% ($1,325.2 mil)
    Quarterly Pretax return on assets: 0.38% ($1,361.0 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, 2011)

  • Dollar figures in thousands
  • 82Total employees (full-time equivalent)
  • $358,170Total assets
  • $32,674Cash and due from depository institutions
  • $27,880Interest-bearing balances
  • $60,881Securities
  • $2,957Federal funds sold & reverse repurchase agreements
  • $240,788Net loans & leases
  • $2,907Loan loss allowance
  • $0Trading account assets
  • $5,901Bank premises and fixed assets
  • $422Other real estate owned
  • $362Goodwill and other intangibles
  • $358,170Life insurance assets
  • $14,185All other assets
  • $319,469Total liabilities and capital
  • $303,455Total liabilities
  • $279,789Total deposits
  • $303,455Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,511Trading liabilities
  • $0Other borrowed funds
  • $1,503Subordinated debt
  • $38,701All other liabilities
  • $38,701Total equity capital
  • $38,701Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $38,701Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,848Income earned, not collected on loans
  • $30Earning assets
  • $1,001Long-term assets (5+ years)
  • $332,506Average Assets, year-to-date
  • $154,630Average Assets, quarterly
  • $345,033Volatile liabilities
  • $355,667Insider loans
  • $231,400FHLB advances
  • $352,760Loans and leases held for sale
  • $9,579Unused loan commitments
  • $4,872Tier 1 (core) risk-based capital
  • $37,104Tier 2 risk-based capital
  • $4,707Total risk weighted assets
  • $0Total unused commitments
  • $47,882Restructured Loans and leases
  • $3,020Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,739Total interest income
  • $3,310Total interest expense
  • $11,429Net interest income
  • $549Provision for loan and lease losses
  • $1,697Total noninterest income
  • $0Fiduciary activities
  • $479Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,218Additional noninterest income
  • $11,336Total noninterest expense
  • $6,445Salaries and employee benefits
  • $1,356Premises and equipment expense
  • $3,535Additional noninterest expense
  • $1,241Pre-tax net operating income
  • $21Securities gains (losses)
  • $179Applicable income taxes
  • $1,083Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,083Net income attributable to bank
  • $0Net charge-offs
  • $1,083Cash dividends
  • $308Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 2.88%Return on equity (ROE)
  • 2.88%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 178.25%Credit loss provision to net charge-offs
  • 5.81%Efficiency ratio
  • 86,363Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 59.96%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 1.99%Net loans and leases to deposits
  • 79.35%Net loans and leases to core deposits
  • 85.08%Equity capital to assets
  • 10.81%Core capital (leverage) ratio
  • 10.52%Tier 1 risk-based capital ratio
  • 16.03%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $345,033Average earning assets
  • $37,650Average equity
  • $319,723Average loans

List of branches

  • 5 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033095Mansfield Co-Operative Bank80 North Main Street, Mansfield, MA 2048January 01, 1883Full Service Brick and Mortar
    2259437Norton Branch225 West Main Street, Norton, MA 2766January 01, 1975Full Service Brick and Mortar
    3444144Plainville Branch3 Taunton Street, Plainville, MA 2762August 22, 2005Full Service Brick and Mortar
    4468448West Bridgewater Branch728 West Center Street, West Bridgewater, MA 2379October 09, 2007Full Service Brick and Mortar
    5510351Easton Branch73 Belmont Street, South Easton, MA 2375May 05, 2010Full Service Brick and Mortar

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