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

  • Methuen Co-operative Bank in Methuen, Massachusetts (MA)
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Methuen Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26512
    Status: Active
    Federal Reserve ID: 157379
    Date Established: January 01, 1923
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 33214
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 23, 1986
    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: 243 Broadway, Methuen, MA 1844
    County: Essex
    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): Lawrence, MA-NH (#4160)
    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: Peabody, MA (#37764)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $87.1 mil
    Equity capital: $8.5 mil
    Deposits held in domestic offices: $78.5 mil
    Return on assets (ROA): 0.04% ($0.0 mil)
    Quarterly return on assets: 0.31% ($0.3 mil)
    Return on Equity (ROE): 0.45% ($0.0 mil)
    Quarterly return on equity: 3.21% ($0.3 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.00% ($0.0 mil)
    Quarterly Pretax return on assets: 0.13% ($113.2 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
  • 15Total employees (full-time equivalent)
  • $87,075Total assets
  • $16,992Cash and due from depository institutions
  • $10,878Interest-bearing balances
  • $11,634Securities
  • $1,490Federal funds sold & reverse repurchase agreements
  • $53,469Net loans & leases
  • $568Loan loss allowance
  • $0Trading account assets
  • $1,776Bank premises and fixed assets
  • $200Other real estate owned
  • $0Goodwill and other intangibles
  • $87,075Life insurance assets
  • $1,514All other assets
  • $78,577Total liabilities and capital
  • $78,515Total liabilities
  • $73,918Total deposits
  • $78,515Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $62Subordinated debt
  • $8,498All other liabilities
  • $8,498Total equity capital
  • $8,498Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $8,498Surplus
  • $0Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,517Income earned, not collected on loans
  • $0Earning assets
  • $312Long-term assets (5+ years)
  • $77,471Average Assets, year-to-date
  • $31,657Average Assets, quarterly
  • $85,769Volatile liabilities
  • $87,832Insider loans
  • $46,391FHLB advances
  • $87,581Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,498Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,530Restructured Loans and leases
  • $3,122Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,031Total interest income
  • $699Total interest expense
  • $2,332Net interest income
  • $90Provision for loan and lease losses
  • $101Total noninterest income
  • $0Fiduciary activities
  • $123Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$22Additional noninterest income
  • $2,343Total noninterest expense
  • $1,267Salaries and employee benefits
  • $230Premises and equipment expense
  • $846Additional noninterest expense
  • $0Pre-tax net operating income
  • $0Securities gains (losses)
  • -$38Applicable income taxes
  • $38Income before extraordinary items
  • $0Extraordinary gains - net
  • $38Net income attributable to bank
  • $0Net charge-offs
  • $38Cash dividends
  • $30Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.99%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.07%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 0.04%Net operating income to assets
  • 0.04%Return on assets (ROA)
  • 0.00%Pretax return on assets
  • 0.45%Return on equity (ROE)
  • 0.45%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 300.00%Credit loss provision to net charge-offs
  • 3.00%Efficiency ratio
  • 96,301Assets per employee
  • 5.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 37.44%Noncurrent assets plus other real estate owned to assets
  • 1.97%Noncurrent loans to loans
  • 2.81%Net loans and leases to deposits
  • 68.10%Net loans and leases to core deposits
  • 71.59%Equity capital to assets
  • 9.76%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 18.32%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $85,769Average earning assets
  • $8,464Average equity
  • $76,048Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033214Methuen Co-Operative Bank243 Broadway, Methuen, MA 1844January 01, 1923Full Service Brick and Mortar

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