MultiBank West in Pittsfield, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 10, 1994

  • MultiBank West in Pittsfield, Massachusetts (MA)
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MultiBank West - Overview

  • General
  • FDIC Certificate #: 2637
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank (#2558)
    Federal Reserve ID: 96209
    Date Established: January 01, 1818
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Interstate: No)
    FDIC's unique #: 1708
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 10, 1994
    Last Structure Change Process Date: July 21, 1994
    Last Data Update: July 21, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 99 West Street, Pittsfield, MA 1201
    County: Berkshire
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Pittsfield, MA (#6320)
    Core Based Statistical Area (CBSA): Pittsfield, MA (#38340)
    CBSA Metro Statistical Area: Pittsfield, MA (#38340)
  • Financial Summary
  • Total assets: $613.7 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)
  • $243Total assets
  • $600,067Cash and due from depository institutions
  • $33,976Interest-bearing balances
  • $0Securities
  • $32,518Federal funds sold & reverse repurchase agreements
  • $44,744Net loans & leases
  • $454,351Loan loss allowance
  • $12,095Trading account assets
  • $0Bank premises and fixed assets
  • $6,831Other real estate owned
  • $2,831Goodwill and other intangibles
  • $24,566Life insurance assets
  • $250All other assets
  • $0Total liabilities and capital
  • $600,067Total liabilities
  • $552,429Total deposits
  • $493,911Interest-bearing deposits
  • $402,916Deposits held in domestic offices
  • 493911.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $31,145Trading liabilities
  • $0Other borrowed funds
  • $20,579Subordinated debt
  • $0All other liabilities
  • $6,794Total equity capital
  • $6,794Total bank equity capital
  • $47,638Perpetual preferred stock
  • $0Common stock
  • $3,458Surplus
  • $13,320Undivided profits
  • Memoranda
  • $30,860Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,195Income earned, not collected on loans
  • $2,275Earning assets
  • $531,613Long-term assets (5+ years)
  • $65,923Average Assets, year-to-date
  • $616,955Average Assets, quarterly
  • $608,537Volatile liabilities
  • $67,095Insider loans
  • $13,012FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $87,562Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $47,207Total risk weighted assets
  • $498,288Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $43,000Total interest expense
  • $14,222Net interest income
  • $28,778Provision for loan and lease losses
  • $8,375Total noninterest income
  • $8,809Fiduciary activities
  • $3,919Service charges on deposit accounts
  • $3,017Trading account gains & fees
  • $0Additional noninterest income
  • $1,873Total noninterest expense
  • $32,476Salaries and employee benefits
  • $8,672Premises and equipment expense
  • $2,615Additional noninterest expense
  • $21,189Pre-tax net operating income
  • -$3,264Securities gains (losses)
  • $3,958Applicable income taxes
  • $402Income before extraordinary items
  • $292Extraordinary gains - net
  • $541Net income attributable to bank
  • $833Net charge-offs
  • $6,324Cash 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
  • 7.71%Cost of funding earning assets
  • 2.55%Net interest margin
  • 5.16%Noninterest income to earning assets
  • 1.58%Noninterest expense to earning assets
  • 5.82%Net operating income to assets
  • -0.36%Return on assets (ROA)
  • 0.14%Pretax return on assets
  • 0.20%Return on equity (ROE)
  • 1.81%Retained earnings to average equity (YTD only)
  • 1.81%Net charge-offs to loans
  • 1.37%Credit loss provision to net charge-offs
  • 132.43%Efficiency ratio
  • 86,298Assets per employee
  • 2.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.59%Loss allowance to noncurrent loans
  • 66.47%Noncurrent assets plus other real estate owned to assets
  • 3.50%Noncurrent loans to loans
  • 3.90%Net loans and leases to deposits
  • 91.99%Net loans and leases to core deposits
  • 94.95%Equity capital to assets
  • 7.94%Core capital (leverage) ratio
  • 7.77%Tier 1 risk-based capital ratio
  • 9.47%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $616,955Average earning assets
  • $45,984Average equity
  • $557,875Average loans

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