Newton South Co-operative Bank in Newton, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 22, 2003

  • Newton South Co-operative Bank in Newton, Massachusetts (MA)
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Newton South Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26485
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Village Bank (#26336)
    Federal Reserve ID: 112976
    Date Established: January 01, 1913
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 33152
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 14, 1986
    Last Structure Change Effective Date: September 22, 2003
    Last Structure Change Process Date: October 22, 2003
    Last Data Update: October 22, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 411 Watertown Street, Newton, MA 2158
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North 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: Cambridge-Newton-Framingham, MA (#15764)
  • Financial Summary
  • Total assets: $121.8 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2002)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $118,756Total assets
  • $3,740Cash and due from depository institutions
  • $0Interest-bearing balances
  • $14,026Securities
  • $3,080Federal funds sold & reverse repurchase agreements
  • $94,685Net loans & leases
  • $665Loan loss allowance
  • $0Trading account assets
  • $692Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,533All other assets
  • $118,756Total liabilities and capital
  • $99,132Total liabilities
  • $98,868Total deposits
  • $89,693Interest-bearing deposits
  • $98,868Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $264All other liabilities
  • $19,624Total equity capital
  • $19,624Total bank equity capital
  • $19,624Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $19,624Noncurrent loans and leases
  • $23,166Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $619Average Assets, year-to-date
  • $111,791Average Assets, quarterly
  • $60,254Volatile liabilities
  • $114,921Insider loans
  • $117,881FHLB advances
  • $14,196Loans and leases held for sale
  • $1,281Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $23,166Total unused commitments
  • $0Restructured Loans and leases
  • $665Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $8,482Total interest income
  • $2,224Total interest expense
  • $6,258Net interest income
  • $361Provision for loan and lease losses
  • $258Total noninterest income
  • $0Fiduciary activities
  • $172Service charges on deposit accounts
  • $0Trading account gains & fees
  • $86Additional noninterest income
  • $2,413Total noninterest expense
  • $1,503Salaries and employee benefits
  • $260Premises and equipment expense
  • $650Additional noninterest expense
  • $3,742Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,537Applicable income taxes
  • $2,205Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,205Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $66Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.84%Yield on earning assets
  • 2.06%Cost of funding earning assets
  • 5.79%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.23%Noninterest expense to earning assets
  • 1.92%Net operating income to assets
  • 1.92%Return on assets (ROA)
  • 3.26%Pretax return on assets
  • 11.92%Return on equity (ROE)
  • 11.92%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 546.97%Credit loss provision to net charge-offs
  • 62.17%Efficiency ratio
  • 37,032Assets per employee
  • 6.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.70%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 95.77%Net loans and leases to core deposits
  • 111.83%Equity capital to assets
  • 16.52%Core capital (leverage) ratio
  • 16.54%Tier 1 risk-based capital ratio
  • 23.36%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $114,921Average earning assets
  • $18,499Average equity
  • $108,172Average loans

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