National Bank of Fairhaven in Fairhaven, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 23, 1996

  • National Bank of Fairhaven in Fairhaven, Massachusetts (MA)
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National Bank of Fairhaven - Overview

  • General
  • FDIC Certificate #: 2577
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Slade's Ferry Trust Company (#18085)
    Federal Reserve ID: 893501
    Date Established: January 01, 1831
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 13177
    FDIC's unique #: 1670
    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: August 23, 1996
    Last Structure Change Process Date: September 20, 1996
    Last Data Update: September 20, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 75 Hutteson Avenue, Fairhaven, MA 2719
    County: Bristol
    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): New Bedford, MA (#5400)
    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): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • Financial Summary
  • Total assets: $64.8 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)
  • $32Total assets
  • $63,476Cash and due from depository institutions
  • $4,214Interest-bearing balances
  • $0Securities
  • $8,792Federal funds sold & reverse repurchase agreements
  • $12,300Net loans & leases
  • $36,613Loan loss allowance
  • $503Trading account assets
  • $0Bank premises and fixed assets
  • $553Other real estate owned
  • $236Goodwill and other intangibles
  • $768Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $63,476Total liabilities
  • $58,372Total deposits
  • $58,149Interest-bearing deposits
  • $46,760Deposits held in domestic offices
  • 58149.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $223Total equity capital
  • $223Total bank equity capital
  • $5,104Perpetual preferred stock
  • $0Common stock
  • $580Surplus
  • $2,540Undivided profits
  • Memoranda
  • $1,984Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,242Income earned, not collected on loans
  • $215Earning assets
  • $57,705Long-term assets (5+ years)
  • $8,879Average Assets, year-to-date
  • $60,509Average Assets, quarterly
  • $62,708Volatile liabilities
  • $6,497Insider loans
  • $3,531FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,214Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,131Total risk weighted assets
  • $39,434Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,797Total interest expense
  • $1,802Net interest income
  • $2,995Provision for loan and lease losses
  • $76Total noninterest income
  • $324Fiduciary activities
  • $0Service charges on deposit accounts
  • $192Trading account gains & fees
  • $0Additional noninterest income
  • $132Total noninterest expense
  • $2,475Salaries and employee benefits
  • $1,197Premises and equipment expense
  • $338Additional noninterest expense
  • $940Pre-tax net operating income
  • $768Securities gains (losses)
  • -$2Applicable income taxes
  • $28Income before extraordinary items
  • $738Extraordinary gains - net
  • $0Net income attributable to bank
  • $738Net charge-offs
  • $317Cash dividends
  • $198Sale, 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
  • 8.60%Cost of funding earning assets
  • 3.23%Net interest margin
  • 5.37%Noninterest income to earning assets
  • 0.58%Noninterest expense to earning assets
  • 4.44%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 1.27%Return on equity (ROE)
  • 15.70%Retained earnings to average equity (YTD only)
  • 11.49%Net charge-offs to loans
  • 0.86%Credit loss provision to net charge-offs
  • 23.97%Efficiency ratio
  • 74,571Assets per employee
  • 1.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.83%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 40.50%Noncurrent assets plus other real estate owned to assets
  • 2.33%Noncurrent loans to loans
  • 3.35%Net loans and leases to deposits
  • 62.96%Net loans and leases to core deposits
  • 70.88%Equity capital to assets
  • 8.04%Core capital (leverage) ratio
  • 8.23%Tier 1 risk-based capital ratio
  • 13.01%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $60,509Average earning assets
  • $4,701Average equity
  • $55,805Average loans

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