New Bedford Institution for Savings in New Bedford, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 27, 1995

  • New Bedford Institution for Savings in New Bedford, Massachusetts (MA)
  • Show street view No street view available for this location

New Bedford Institution for Savings - Overview

  • General
  • FDIC Certificate #: 23628
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Fleet Bank of Massachusetts, National Association (#26305)
    Federal Reserve ID: 251400
    Date Established: January 01, 1825
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 52 (Interstate: No)
    OTS Docket #: 8562
    FDIC's unique #: 16542
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 04, 1982
    Last Structure Change Effective Date: January 27, 1995
    Last Structure Change Process Date: Febuary 22, 1995
    Last Data Update: Febuary 22, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 174 Union Street, New Bedford, MA 2742
    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)
  • History of Changes
  • Merger - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $2,466.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $558Total assets
  • $2,466,699Cash and due from depository institutions
  • $63,024Interest-bearing balances
  • $10Securities
  • $985,052Federal funds sold & reverse repurchase agreements
  • $17,000Net loans & leases
  • $1,303,273Loan loss allowance
  • $27,700Trading account assets
  • $0Bank premises and fixed assets
  • $22,104Other real estate owned
  • $17,033Goodwill and other intangibles
  • $46,377Life insurance assets
  • $12,836All other assets
  • $0Total liabilities and capital
  • $2,466,699Total liabilities
  • $2,225,792Total deposits
  • $2,194,745Interest-bearing deposits
  • $2,104,525Deposits held in domestic offices
  • 2194745.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $31,047Total equity capital
  • $31,047Total bank equity capital
  • $240,907Perpetual preferred stock
  • $0Common stock
  • $941Surplus
  • $132,623Undivided profits
  • Memoranda
  • $107,343Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,318Income earned, not collected on loans
  • $6,629Earning assets
  • $2,305,335Long-term assets (5+ years)
  • $819,947Average Assets, year-to-date
  • $2,456,491Average Assets, quarterly
  • $2,478,031Volatile liabilities
  • $98,247Insider loans
  • $1,405FHLB advances
  • $0Loans and leases held for sale
  • $38Unused loan commitments
  • $47,826Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $241,013Total risk weighted assets
  • $1,069,343Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $167,624Total interest expense
  • $71,137Net interest income
  • $96,487Provision for loan and lease losses
  • $500Total noninterest income
  • $7,617Fiduciary activities
  • $0Service charges on deposit accounts
  • $4,458Trading account gains & fees
  • $0Additional noninterest income
  • $3,159Total noninterest expense
  • $50,301Salaries and employee benefits
  • $21,644Premises and equipment expense
  • $4,456Additional noninterest expense
  • $24,201Pre-tax net operating income
  • $53,303Securities gains (losses)
  • $67Applicable income taxes
  • $31,412Income before extraordinary items
  • $21,958Extraordinary gains - net
  • $0Net income attributable to bank
  • $21,958Net charge-offs
  • $3,123Cash dividends
  • $15,111Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.30%Cost of funding earning assets
  • 3.10%Net interest margin
  • 4.20%Noninterest income to earning assets
  • 0.33%Noninterest expense to earning assets
  • 2.19%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 2.17%Return on equity (ROE)
  • 8.80%Retained earnings to average equity (YTD only)
  • 2.74%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 16.01%Efficiency ratio
  • 45,806Assets per employee
  • 4.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.82%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 169.75%Noncurrent assets plus other real estate owned to assets
  • 1.26%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 59.38%Net loans and leases to core deposits
  • 62.16%Equity capital to assets
  • 9.77%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 22.54%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $2,456,491Average earning assets
  • $249,451Average equity
  • $2,296,966Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New Bedford Institution for Savings.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents