Martha's Vineyard National Bank in Vineyard Haven, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 29, 1994

  • Martha's Vineyard National Bank in Vineyard Haven, Massachusetts (MA)
  • Show street view No street view available for this location

Martha's Vineyard National Bank - Overview

  • General
  • FDIC Certificate #: 2656
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Compass Bank for Savings (#23291)
    Federal Reserve ID: 58609
    Date Established: January 01, 1855
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 1717
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 29, 1994
    Last Structure Change Process Date: January 13, 1995
    Last Data Update: January 13, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Vineyard Haven, MA 2568
    County: Dukes
    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
  • Financial Summary
  • Total assets: $131.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $65Total assets
  • $130,679Cash and due from depository institutions
  • $4,924Interest-bearing balances
  • $0Securities
  • $19,391Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $100,298Loan loss allowance
  • $3,684Trading account assets
  • $0Bank premises and fixed assets
  • $4,011Other real estate owned
  • $840Goodwill and other intangibles
  • $1,215Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $130,679Total liabilities
  • $122,727Total deposits
  • $119,529Interest-bearing deposits
  • $110,924Deposits held in domestic offices
  • 119529.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $2,400Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $798Total equity capital
  • $798Total bank equity capital
  • $7,952Perpetual preferred stock
  • $0Common stock
  • $1,911Surplus
  • $8,819Undivided profits
  • Memoranda
  • $-2,778Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,035Income earned, not collected on loans
  • $561Earning assets
  • $119,689Long-term assets (5+ years)
  • $5,981Average Assets, year-to-date
  • $134,618Average Assets, quarterly
  • $130,986Volatile liabilities
  • $4,129Insider loans
  • $2,953FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $11,885Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,915Total risk weighted assets
  • $89,431Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,836Total interest expense
  • $4,185Net interest income
  • $5,651Provision for loan and lease losses
  • $300Total noninterest income
  • $1,792Fiduciary activities
  • $0Service charges on deposit accounts
  • $459Trading account gains & fees
  • $0Additional noninterest income
  • $1,333Total noninterest expense
  • $6,088Salaries and employee benefits
  • $2,545Premises and equipment expense
  • $1,065Additional noninterest expense
  • $2,478Pre-tax net operating income
  • $1,055Securities gains (losses)
  • -$26Applicable income taxes
  • -$252Income before extraordinary items
  • $1,281Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,281Net charge-offs
  • $282Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.94%Cost of funding earning assets
  • 3.38%Net interest margin
  • 4.56%Noninterest income to earning assets
  • 1.45%Noninterest expense to earning assets
  • 4.91%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 0.76%Return on equity (ROE)
  • 18.32%Retained earnings to average equity (YTD only)
  • 18.32%Net charge-offs to loans
  • 0.27%Credit loss provision to net charge-offs
  • 106.38%Efficiency ratio
  • 81,795Assets per employee
  • 2.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.54%Loss allowance to noncurrent loans
  • 181.03%Noncurrent assets plus other real estate owned to assets
  • 2.20%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 83.91%Net loans and leases to core deposits
  • 85.14%Equity capital to assets
  • 6.09%Core capital (leverage) ratio
  • 5.95%Tier 1 risk-based capital ratio
  • 8.85%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $134,618Average earning assets
  • $6,994Average equity
  • $123,915Average loans

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