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


  • Norwood Co-operative Bank in Norwood, Massachusetts (MA)
  • Show street view No street view available for this location

Norwood Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26555
    Status: Active
    Federal Reserve ID: 1013070
    Bank Holding Company (Regulatory Top Holder): 1889 Bancorp Mhc (RSSDID: 3960897, Location: Norwood, MA)
    Date Established: January 01, 1889
    WWW: http://www.norwoodbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 4396
    FDIC's unique #: 35253
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 13, 1986
    Last Structure Change Effective Date: March 31, 2010
    Last Structure Change Process Date: May 05, 2010
    Last Data Update: May 05, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11 Central Street, Norwood, MA 2062
    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
  • Change in Entity Type
  • Financial Summary
  • Total assets: $383.0 mil
    Equity capital: $56.9 mil
    Deposits held in domestic offices: $320.3 mil
    Return on assets (ROA): 0.09% ($0.3 mil)
    Quarterly return on assets: -2.01% (-$7.7 mil)
    Return on Equity (ROE): 0.64% ($0.4 mil)
    Quarterly return on equity: -13.54% (-$7.7 mil)
    Net income: $0.4 mil
    Quarterly Net income: -$2.0 mil
    Pretax return on assets: -0.29% (-$1,110.7 mil)
    Quarterly Pretax return on assets: -3.23% (-$12,371.3 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, 2011)

  • Dollar figures in thousands
  • 54Total employees (full-time equivalent)
  • $383,011Total assets
  • $13,845Cash and due from depository institutions
  • $11,662Interest-bearing balances
  • $38,330Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $288,651Net loans & leases
  • $4,627Loan loss allowance
  • $0Trading account assets
  • $5,894Bank premises and fixed assets
  • $9,782Other real estate owned
  • $768Goodwill and other intangibles
  • $383,011Life insurance assets
  • $25,741All other assets
  • $326,156Total liabilities and capital
  • $320,305Total liabilities
  • $301,590Total deposits
  • $320,305Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $2,851Subordinated debt
  • $56,855All other liabilities
  • $56,855Total equity capital
  • $56,855Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $56,855Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $499Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,980Income earned, not collected on loans
  • $0Earning assets
  • $1,022Long-term assets (5+ years)
  • $338,643Average Assets, year-to-date
  • $88,503Average Assets, quarterly
  • $391,029Volatile liabilities
  • $388,700Insider loans
  • $301,955FHLB advances
  • $387,611Loans and leases held for sale
  • $15,045Unused loan commitments
  • $15,045Tier 1 (core) risk-based capital
  • $56,641Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,960Restructured Loans and leases
  • $569Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,044Total interest income
  • $3,939Total interest expense
  • $11,105Net interest income
  • $4,000Provision for loan and lease losses
  • $1,864Total noninterest income
  • $0Fiduciary activities
  • $117Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,747Additional noninterest income
  • $10,563Total noninterest expense
  • $4,870Salaries and employee benefits
  • $1,236Premises and equipment expense
  • $4,457Additional noninterest expense
  • -$1,594Pre-tax net operating income
  • $450Securities gains (losses)
  • -$1,513Applicable income taxes
  • $369Income before extraordinary items
  • $0Extraordinary gains - net
  • $369Net income attributable to bank
  • $0Net charge-offs
  • $369Cash dividends
  • $5,634Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.19%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.02%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • -0.29%Pretax return on assets
  • 0.64%Return on equity (ROE)
  • 0.64%Retained earnings to average equity (YTD only)
  • 1.87%Net charge-offs to loans
  • 71.00%Credit loss provision to net charge-offs
  • 0.43%Efficiency ratio
  • 81,448Assets per employee
  • 7.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 30.89%Noncurrent assets plus other real estate owned to assets
  • 6.47%Noncurrent loans to loans
  • 5.11%Net loans and leases to deposits
  • 90.12%Net loans and leases to core deposits
  • 96.95%Equity capital to assets
  • 14.84%Core capital (leverage) ratio
  • 14.61%Tier 1 risk-based capital ratio
  • 18.76%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $391,029Average earning assets
  • $57,786Average equity
  • $347,964Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035253Norwood Co-Operative Bank11 Central Street, Norwood, MA 2062January 01, 1889Full Service Brick and Mortar

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 Norwood Co-operative Bank.
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