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

  • Norwood Co-operative Bank in Norwood, Massachusetts (MA)
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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
    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

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