New England Federal Savings Association in Wellesley, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 04, 1994

  • New England Federal Savings Association in Wellesley, Massachusetts (MA)
  • Show street view No street view available for this location

New England Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33637
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: CambridgePort Bank (#90172)
    Federal Reserve ID: 246479
    Date Established: July 17, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10103
    FDIC's unique #: 47704
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: July 17, 1992
    Last Structure Change Effective Date: March 04, 1994
    Last Structure Change Process Date: March 15, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 William Street, Wellesley, MA 2181
    County: Norfolk
    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): Boston, MA-NH (#1120)
    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): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Boston-Quincy, MA (#14484)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $40.4 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)
  • $0Total assets
  • $40,406Cash and due from depository institutions
  • $5,414Interest-bearing balances
  • $4,783Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $21,158Loan loss allowance
  • $4,721Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $3,702Goodwill and other intangibles
  • $10,132Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $40,406Total liabilities
  • $51,893Total deposits
  • $22,948Interest-bearing deposits
  • $22,948Deposits held in domestic offices
  • 22948.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $27,000Subordinated debt
  • $0All other liabilities
  • $1,945Total equity capital
  • $1,945Total bank equity capital
  • $-11,487Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-11,487Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,463Income earned, not collected on loans
  • $78Earning assets
  • $25,941Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $64,152Average Assets, quarterly
  • $44,072Volatile liabilities
  • $27,000Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-11,487Total risk weighted assets
  • $23,174Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,735Total interest expense
  • $2,699Net interest income
  • $36Provision for loan and lease losses
  • $2,120Total noninterest income
  • -$1,203Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • -$1,203Total noninterest expense
  • $5,183Salaries and employee benefits
  • $805Premises and equipment expense
  • $413Additional noninterest expense
  • $3,965Pre-tax net operating income
  • -$8,470Securities gains (losses)
  • -$1,241Applicable income taxes
  • $0Income before extraordinary items
  • -$9,711Extraordinary gains - net
  • $0Net income attributable to bank
  • -$9,711Net charge-offs
  • $919Cash 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
  • 6.54%Cost of funding earning assets
  • 6.46%Net interest margin
  • 0.09%Noninterest income to earning assets
  • -2.88%Noninterest expense to earning assets
  • 12.40%Net operating income to assets
  • -13.20%Return on assets (ROA)
  • -15.14%Pretax return on assets
  • -15.14%Return on equity (ROE)
  • 153.56%Retained earnings to average equity (YTD only)
  • 153.56%Net charge-offs to loans
  • 2.47%Credit loss provision to net charge-offs
  • 230.69%Efficiency ratio
  • -444,130Assets per employee
  • 0.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 18.24%Loss allowance to noncurrent loans
  • 35.07%Noncurrent assets plus other real estate owned to assets
  • 42.48%Noncurrent loans to loans
  • 52.02%Net loans and leases to deposits
  • 92.20%Net loans and leases to core deposits
  • 92.20%Equity capital to assets
  • -28.43%Core capital (leverage) ratio
  • -28.43%Tier 1 risk-based capital ratio
  • -49.57%Total risk-based capital ratio
  • Memoranda
  • -$50Average assets
  • $64,152Average earning assets
  • -$6,324Average equity
  • $41,810Average loans

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

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