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

Mayflower Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26553
    Status: Active
    Federal Reserve ID: 118174
    Bank Holding Company (Regulatory Top Holder): Mayflower Bancorp, Inc (RSSDID: 3464797, Location: Middleboro, MA)
    Date Established: January 01, 1889
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 3629
    FDIC's unique #: 35247
    Numeric code: 41
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: Febuary 13, 1986
    Last Structure Change Effective Date: Febuary 15, 2007
    Last Structure Change Process Date: Febuary 23, 2007
    Last Data Update: Febuary 23, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 South Main Street, Middleboro, MA 2346
    County: Plymouth
    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): Brockton, MA (#1200)
    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: $248.0 mil
    Equity capital: $21.6 mil
    Deposits held in domestic offices: $222.9 mil
    Return on assets (ROA): 0.53% ($1.3 mil)
    Quarterly return on assets: 0.58% ($1.4 mil)
    Return on Equity (ROE): 6.10% ($1.3 mil)
    Quarterly return on equity: 6.73% ($1.5 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.79% ($1,959.0 mil)
    Quarterly Pretax return on assets: 0.90% ($2,231.8 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
  • 64Total employees (full-time equivalent)
  • $247,979Total assets
  • $13,509Cash and due from depository institutions
  • $9,259Interest-bearing balances
  • $93,380Securities
  • $337Federal funds sold & reverse repurchase agreements
  • $123,589Net loans & leases
  • $1,168Loan loss allowance
  • $0Trading account assets
  • $10,823Bank premises and fixed assets
  • $266Other real estate owned
  • $508Goodwill and other intangibles
  • $247,979Life insurance assets
  • $5,567All other assets
  • $226,411Total liabilities and capital
  • $222,910Total liabilities
  • $202,786Total deposits
  • $222,910Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $1,001Subordinated debt
  • $21,568All other liabilities
  • $21,568Total equity capital
  • $21,568Total bank equity capital
  • $0Perpetual preferred stock
  • $2,092Common stock
  • $4,223Surplus
  • $15,253Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,130Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $798Income earned, not collected on loans
  • $0Earning assets
  • $824Long-term assets (5+ years)
  • $226,565Average Assets, year-to-date
  • $104,954Average Assets, quarterly
  • $245,777Volatile liabilities
  • $247,811Insider loans
  • $126,977FHLB advances
  • $248,886Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,666Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,396Restructured Loans and leases
  • $1,200Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,051Total interest income
  • $1,567Total interest expense
  • $8,484Net interest income
  • $214Provision for loan and lease losses
  • $1,432Total noninterest income
  • $0Fiduciary activities
  • $496Service charges on deposit accounts
  • $0Trading account gains & fees
  • $936Additional noninterest income
  • $8,120Total noninterest expense
  • $4,297Salaries and employee benefits
  • $1,063Premises and equipment expense
  • $2,760Additional noninterest expense
  • $1,582Pre-tax net operating income
  • $366Securities gains (losses)
  • $656Applicable income taxes
  • $1,292Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,292Net income attributable to bank
  • $0Net charge-offs
  • $1,292Cash dividends
  • $317Sale, conversion, retirement of capital stock, net
  • $630Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 3.79%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 6.10%Return on equity (ROE)
  • 3.13%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 67.51%Credit loss provision to net charge-offs
  • 5.67%Efficiency ratio
  • 80,063Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.76%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 146.37%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 55.44%Net loans and leases to core deposits
  • 59.13%Equity capital to assets
  • 8.70%Core capital (leverage) ratio
  • 8.30%Tier 1 risk-based capital ratio
  • 16.28%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $245,777Average earning assets
  • $21,179Average equity
  • $223,659Average loans

List of branches

  • 8 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035247Mayflower Co-Operative Bank30 South Main Street, Middleboro, MA 2346January 01, 1889Full Service Brick and Mortar
    2259675Plymouth Branch94 Court Street, Plymouth, MA 2360July 01, 1974Full Service Brick and Mortar
    3259676Wareham Branch2420 Cranberry Highway, Wareham, MA 2571July 01, 1982Full Service Brick and Mortar
    4259741Rounseville Road Branch565 Rounseville Road, Rochester, MA 2770November 22, 1989Full Service Brick and Mortar
    5259677Bridgewater Branch5 Scotland Boulevard, Bridgewater, MA 2324June 15, 1998Full Service Brick and Mortar
    7452405Lakeville Branch166 County Street, Lakeville, MA 2347July 01, 2005Full Service Brick and Mortar
    8457525West Wareham Branch2420 Cranberry Highway, West Wareham, MA 2576December 28, 2006Full Service Brick and Mortar
    9492000Obery Street Branch57 Obery Street, Plymouth, MA 2360May 27, 2009Full Service Brick and Mortar

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