Milford Co-operative Bank in Milford, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 02, 1996

  • Milford Co-operative Bank in Milford, New Hampshire (NH)
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Milford Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 28602
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CFX Bank (#17991)
    Federal Reserve ID: 332372
    Date Established: January 01, 1890
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1933
    FDIC's unique #: 41436
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 30, 1953
    Last Structure Change Effective Date: July 02, 1996
    Last Structure Change Process Date: July 25, 1996
    Last Data Update: July 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: South Street, Milford, NH 3055
    County: Hillsborough
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Nashua, NH (#5350)
    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): Manchester-Nashua, NH (#31700)
    CBSA Metro Statistical Area: Manchester-Nashua, NH (#31700)
  • Financial Summary
  • Total assets: $164.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $53Total assets
  • $157,066Cash and due from depository institutions
  • $15,469Interest-bearing balances
  • $13,148Securities
  • $68,855Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $67,615Loan loss allowance
  • $409Trading account assets
  • $0Bank premises and fixed assets
  • $2,067Other real estate owned
  • $11Goodwill and other intangibles
  • $3,049Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $157,066Total liabilities
  • $141,374Total deposits
  • $138,977Interest-bearing deposits
  • $129,971Deposits held in domestic offices
  • 138977.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $0All other liabilities
  • $397Total equity capital
  • $397Total bank equity capital
  • $15,692Perpetual preferred stock
  • $0Common stock
  • $660Surplus
  • $6,636Undivided profits
  • Memoranda
  • $8,396Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $470Income earned, not collected on loans
  • $597Earning assets
  • $149,618Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $153,772Average Assets, quarterly
  • $156,743Volatile liabilities
  • $20,195Insider loans
  • $282FHLB advances
  • $2,000Loans and leases held for sale
  • $0Unused loan commitments
  • $6,156Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,547Total risk weighted assets
  • $59,123Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,361Total interest expense
  • $5,029Net interest income
  • $5,332Provision for loan and lease losses
  • $113Total noninterest income
  • $776Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $776Total noninterest expense
  • $3,820Salaries and employee benefits
  • $1,895Premises and equipment expense
  • $835Additional noninterest expense
  • $1,090Pre-tax net operating income
  • $2,175Securities gains (losses)
  • $45Applicable income taxes
  • $680Income before extraordinary items
  • $1,540Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,540Net charge-offs
  • $130Cash dividends
  • $428Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.06%Cost of funding earning assets
  • 3.43%Net interest margin
  • 3.63%Noninterest income to earning assets
  • 0.53%Noninterest expense to earning assets
  • 2.60%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 1.44%Return on equity (ROE)
  • 10.39%Retained earnings to average equity (YTD only)
  • 7.50%Net charge-offs to loans
  • 0.21%Credit loss provision to net charge-offs
  • 86.92%Efficiency ratio
  • 62,541Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.79%Loss allowance to loans
  • 0.60%Loss allowance to noncurrent loans
  • 87.02%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 48.65%Net loans and leases to core deposits
  • 55.98%Equity capital to assets
  • 9.99%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 26.30%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $153,772Average earning assets
  • $14,828Average equity
  • $146,690Average loans

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