Quincy Savings Bank in Quincy, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 06, 1995

  • Quincy Savings Bank in Quincy, Massachusetts (MA)
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Quincy Savings Bank - Overview

  • General
  • FDIC Certificate #: 23294
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank of Massachusetts (#18562)
    Federal Reserve ID: 422004
    Date Established: May 18, 1845
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 14 (Interstate: No)
    OTS Docket #: 7739
    FDIC's unique #: 16327
    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: January 02, 1981
    Last Structure Change Effective Date: January 06, 1995
    Last Structure Change Process Date: January 25, 1995
    Last Data Update: January 25, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1200 Hancock Street, Quincy, MA 2169
    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)
  • Financial Summary
  • Total assets: $831.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $276Total assets
  • $831,178Cash and due from depository institutions
  • $33,593Interest-bearing balances
  • $10,100Securities
  • $309,514Federal funds sold & reverse repurchase agreements
  • $2,600Net loans & leases
  • $444,681Loan loss allowance
  • $11,473Trading account assets
  • $0Bank premises and fixed assets
  • $8,964Other real estate owned
  • $8,203Goodwill and other intangibles
  • $20,821Life insurance assets
  • $2,802All other assets
  • $0Total liabilities and capital
  • $831,178Total liabilities
  • $758,916Total deposits
  • $746,000Interest-bearing deposits
  • $697,811Deposits held in domestic offices
  • 746000.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $417Trading liabilities
  • $0Other borrowed funds
  • $6,075Subordinated debt
  • $0All other liabilities
  • $6,424Total equity capital
  • $6,424Total bank equity capital
  • $72,262Perpetual preferred stock
  • $0Common stock
  • $5,480Surplus
  • $46,309Undivided profits
  • Memoranda
  • $20,473Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,224Income earned, not collected on loans
  • $3,688Earning assets
  • $766,895Long-term assets (5+ years)
  • $285,596Average Assets, year-to-date
  • $824,587Average Assets, quarterly
  • $829,796Volatile liabilities
  • $77,022Insider loans
  • $355FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $27,879Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $75,502Total risk weighted assets
  • $497,524Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $52,432Total interest expense
  • $22,315Net interest income
  • $30,117Provision for loan and lease losses
  • $1,250Total noninterest income
  • $4,657Fiduciary activities
  • $102Service charges on deposit accounts
  • $1,964Trading account gains & fees
  • $88Additional noninterest income
  • $2,503Total noninterest expense
  • $24,429Salaries and employee benefits
  • $11,274Premises and equipment expense
  • $2,733Additional noninterest expense
  • $10,422Pre-tax net operating income
  • $9,095Securities gains (losses)
  • $468Applicable income taxes
  • -$125Income before extraordinary items
  • $9,688Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,688Net charge-offs
  • $1,940Cash dividends
  • $980Sale, conversion, retirement of capital stock, net
  • $545Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.96%Cost of funding earning assets
  • 2.96%Net interest margin
  • 4.00%Noninterest income to earning assets
  • 0.62%Noninterest expense to earning assets
  • 3.24%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 1.16%Return on equity (ROE)
  • 13.72%Retained earnings to average equity (YTD only)
  • 12.33%Net charge-offs to loans
  • 0.41%Credit loss provision to net charge-offs
  • 64.43%Efficiency ratio
  • 67,355Assets per employee
  • 3.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.12%Loss allowance to loans
  • 2.52%Loss allowance to noncurrent loans
  • 219.62%Noncurrent assets plus other real estate owned to assets
  • 1.62%Noncurrent loans to loans
  • 1.15%Net loans and leases to deposits
  • 59.61%Net loans and leases to core deposits
  • 66.13%Equity capital to assets
  • 8.69%Core capital (leverage) ratio
  • 9.12%Tier 1 risk-based capital ratio
  • 15.18%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $824,587Average earning assets
  • $70,633Average equity
  • $753,251Average loans

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