Patriot Community Bank in Woburn, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Patriot Community Bank - Overview

  • General
  • FDIC Certificate #: 58133
    Status: Active
    Federal Reserve ID: 3437166
    Date Established: April 03, 2006
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 440228
    Numeric code: 42
    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: April 03, 2006
    Last Structure Change Effective Date: July 26, 2008
    Last Structure Change Process Date: May 12, 2009
    Last Data Update: May 12, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 237 Lexington Street, Woburn, MA 1801
    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: $118.5 mil
    Equity capital: $11.4 mil
    Deposits held in domestic offices: $105.7 mil
    Return on assets (ROA): 0.95% ($1.1 mil)
    Quarterly return on assets: 1.95% ($2.3 mil)
    Return on Equity (ROE): 9.39% ($1.0 mil)
    Quarterly return on equity: 19.86% ($2.2 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.63% ($1,930.8 mil)
    Quarterly Pretax return on assets: 3.33% ($3,944.5 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
  • 20Total employees (full-time equivalent)
  • $118,452Total assets
  • $17,786Cash and due from depository institutions
  • $16,515Interest-bearing balances
  • $13,041Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $86,353Net loans & leases
  • $678Loan loss allowance
  • $0Trading account assets
  • $391Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $118,452Life insurance assets
  • $881All other assets
  • $107,060Total liabilities and capital
  • $105,695Total liabilities
  • $95,957Total deposits
  • $105,695Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,365Subordinated debt
  • $11,392All other liabilities
  • $11,392Total equity capital
  • $11,392Total bank equity capital
  • $0Perpetual preferred stock
  • $2,006Common stock
  • $8,026Surplus
  • $1,360Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $20,600Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $280Long-term assets (5+ years)
  • $115,909Average Assets, year-to-date
  • $27,509Average Assets, quarterly
  • $105,480Volatile liabilities
  • $112,959Insider loans
  • $105,145FHLB advances
  • $115,885Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,392Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,772Restructured Loans and leases
  • $4,403Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,316Total interest income
  • $1,412Total interest expense
  • $2,904Net interest income
  • $155Provision for loan and lease losses
  • $1,654Total noninterest income
  • $0Fiduciary activities
  • $30Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,624Additional noninterest income
  • $2,683Total noninterest expense
  • $1,548Salaries and employee benefits
  • $306Premises and equipment expense
  • $829Additional noninterest expense
  • $1,720Pre-tax net operating income
  • $0Securities gains (losses)
  • $714Applicable income taxes
  • $1,006Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,006Net income attributable to bank
  • $0Net charge-offs
  • $1,006Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.21%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 2.83%Net interest margin
  • 1.61%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 9.39%Return on equity (ROE)
  • 9.39%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 58,864Assets per employee
  • 5.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.78%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
  • 81.70%Net loans and leases to core deposits
  • 92.96%Equity capital to assets
  • 9.62%Core capital (leverage) ratio
  • 9.83%Tier 1 risk-based capital ratio
  • 10.83%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $105,480Average earning assets
  • $10,716Average equity
  • $102,613Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $22Managed Assets
  • 1Number of Accounts
  • $22Personal trust and agency accounts
  • $22Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 5Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0440228Patriot Community Bank237 Lexington Street, Woburn, MA 1801April 03, 2006Full Service Brick and Mortar

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