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)
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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

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