FDIC Certificate #: 23463 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Eastern Bank (#32773) Federal Reserve ID: 479802 Date Established: March 12, 1847 WWW:http://www.plymouthsavings.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 18 (Interstate: No) OTS Docket #: 8321 FDIC's unique #: 16443 Numeric code: 41 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: July 01, 1981 Last Structure Change Effective Date: May 28, 2005 Last Structure Change Process Date: June 03, 2005 Last Data Update: June 03, 2005 Data Source Date: April 05, 2012
Location
Address: 226 Main Street, Wareham, MA 2571 County: Plymouth 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)
Financial Summary
Total assets: $1,228.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
350Total employees (full-time equivalent)
$1,259,471Total assets
$51,808Cash and due from depository institutions
$202Interest-bearing balances
$429,528Securities
$0Federal funds sold & reverse repurchase agreements
$690,065Net loans & leases
$11,316Loan loss allowance
$0Trading account assets
$8,576Bank premises and fixed assets
$1,350Other real estate owned
$17,796Goodwill and other intangibles
$0Life insurance assets
$60,348All other assets
$1,259,471Total liabilities and capital
$1,126,483Total liabilities
$1,053,343Total deposits
$901,422Interest-bearing deposits
$1,053,343Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$51,949Other borrowed funds
$0Subordinated debt
$21,191All other liabilities
$132,988Total equity capital
$132,988Total bank equity capital
$132,988Perpetual preferred stock
$0Common stock
$500Surplus
$0Undivided profits
Memoranda
$132,488Noncurrent loans and leases
$240,435Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$880Earning assets
$0Long-term assets (5+ years)
$2,929Average Assets, year-to-date
$1,119,795Average Assets, quarterly
$142,799Volatile liabilities
$1,441,701Insider loans
$1,385,921FHLB advances
$107,198Loans and leases held for sale
$1,386Unused loan commitments
$51,949Tier 1 (core) risk-based capital
$127,124Tier 2 risk-based capital
$39,200Total risk weighted assets
$240,435Total unused commitments
$0Restructured Loans and leases
$11,873Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$60,826Total interest income
$18,690Total interest expense
$42,136Net interest income
$2,100Provision for loan and lease losses
$12,806Total noninterest income
$2,050Fiduciary activities
$5,477Service charges on deposit accounts
$0Trading account gains & fees
$5,279Additional noninterest income
$59,678Total noninterest expense
$41,349Salaries and employee benefits
$4,255Premises and equipment expense
$14,074Additional noninterest expense
-$6,836Pre-tax net operating income
-$6,275Securities gains (losses)
-$5,649Applicable income taxes
-$7,462Income before extraordinary items
-$224Extraordinary gains - net
-$7,686Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,312Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.66%Yield on earning assets
1.43%Cost of funding earning assets
3.23%Net interest margin
0.98%Noninterest income to earning assets
4.57%Noninterest expense to earning assets
-0.24%Net operating income to assets
-0.53%Return on assets (ROA)
-0.92%Pretax return on assets
-5.51%Return on equity (ROE)
-5.51%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
160.06%Credit loss provision to net charge-offs
-3.61%Efficiency ratio
108,620Assets per employee
3.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
1285.91%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.13%Net loans and leases to deposits
65.51%Net loans and leases to core deposits
72.91%Equity capital to assets
10.56%Core capital (leverage) ratio
8.96%Tier 1 risk-based capital ratio
16.20%Total risk-based capital ratio
Memoranda
$18Average assets
$1,441,701Average earning assets
$139,441Average equity
$1,304,870Average loans
Total Fiduciary and Related Assets (December 31, 2004)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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