Reading Co-operative Bank in city_name, state_name - Detailed Financial Reports, Location

Reading Co-operative Bank in Reading, Massachusetts (MA)
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Reading Co-operative Bank routing number info

Reading Co-operative Bank - Overview

General
FDIC Certificate #: 26620
Status: Active
Federal Reserve ID: 1008674
Date Established: January 01, 1886
WWW: http://www.readingcoop.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 14595
FDIC's unique #: 35344
Numeric code: 15
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: 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: Mortgage Lending Specialization
Date of Deposit Insurance: March 27, 1986
Last Structure Change Effective Date: Febuary 22, 2011
Last Structure Change Process Date: April 20, 2011
Last Data Update: April 20, 2011
Data Source Date: April 05, 2012
Location
Address: 180 Haven Street, Reading, MA 1867
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)
History of Changes
Change in Primary Regulatory Agency
Change in Supervisory Agency
Institution Becomes a Member of FRS (Federal Reserve System)
Financial Summary
Total assets: $347.2 mil
Equity capital: $32.1 mil
Deposits held in domestic offices: $277.5 mil
Return on assets (ROA): 0.73% ($2.5 mil)
Quarterly return on assets: 1.37% ($4.8 mil)
Return on Equity (ROE): 8.20% ($2.6 mil)
Quarterly return on equity: 14.94% ($4.8 mil)
Net income: $2.4 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 1.01% ($3,507.1 mil)
Quarterly Pretax return on assets: 2.05% ($7,118.3 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
62Total employees (full-time equivalent)
$347,235Total assets
$4,329Cash and due from depository institutions
$277Interest-bearing balances
$112,755Securities
$17,493Federal funds sold & reverse repurchase agreements
$189,193Net loans & leases
$1,353Loan loss allowance
$0Trading account assets
$6,693Bank premises and fixed assets
$836Other real estate owned
$0Goodwill and other intangibles
$347,235Life insurance assets
$15,936All other assets
$315,179Total liabilities and capital
$277,532Total liabilities
$238,822Total deposits
$277,532Interest-bearing deposits
$82Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$33,250Trading liabilities
$0Other borrowed funds
$4,397Subordinated debt
$32,056All other liabilities
$32,056Total equity capital
$32,056Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$32,056Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$648Income earned, not collected on loans
$0Earning assets
$1,162Long-term assets (5+ years)
$319,718Average Assets, year-to-date
$211,306Average Assets, quarterly
$333,560Volatile liabilities
$345,521Insider loans
$186,759FHLB advances
$340,638Loans and leases held for sale
$6,058Unused loan commitments
$6,058Tier 1 (core) risk-based capital
$30,325Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$28,249Restructured Loans and leases
$1,629Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$15,172Total interest income
$3,273Total interest expense
$11,899Net interest income
$1,103Provision for loan and lease losses
$1,397Total noninterest income
$0Fiduciary activities
$735Service charges on deposit accounts
$0Trading account gains & fees
$662Additional noninterest income
$9,615Total noninterest expense
$4,805Salaries and employee benefits
$1,170Premises and equipment expense
$3,640Additional noninterest expense
$2,578Pre-tax net operating income
$778Securities gains (losses)
$936Applicable income taxes
$2,420Income before extraordinary items
$0Extraordinary gains - net
$2,420Net income attributable to bank
$0Net charge-offs
$2,420Cash dividends
$1,022Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.94%Yield on earning assets
1.07%Cost of funding earning assets
3.87%Net interest margin
0.45%Noninterest income to earning assets
3.13%Noninterest expense to earning assets
0.56%Net operating income to assets
0.73%Return on assets (ROA)
1.01%Pretax return on assets
8.20%Return on equity (ROE)
8.20%Retained earnings to average equity (YTD only)
0.50%Net charge-offs to loans
107.93%Credit loss provision to net charge-offs
3.60%Efficiency ratio
72,315Assets per employee
5.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.71%Loss allowance to noncurrent loans
208.80%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.34%Net loans and leases to deposits
68.17%Net loans and leases to core deposits
80.44%Equity capital to assets
9.23%Core capital (leverage) ratio
8.90%Tier 1 risk-based capital ratio
16.24%Total risk-based capital ratio
Memoranda
$17Average assets
$333,560Average earning assets
$29,501Average equity
$307,156Average loans

List of branches

6 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	35344	Reading Co-Operative Bank	180 Haven Street, Reading, MA 1867	January 01, 1886	Full Service Brick and Mortar
2	259770	Wilmington Branch	352 Middlesex Avenue, Wilmington, MA 1887	December 01, 1963	Full Service Brick and Mortar
4	362927	North Reading Branch	170 Park Street, North Reading, MA 1864	January 28, 2002	Full Service Brick and Mortar
5	438856	Lowell Street Wilmington Branch	230 Lowell Street, Wilmington, MA 1887	March 09, 2005	Full Service Retail
6	478581	Woburn Branch	300 Tradecenter, Woburn, MA 1801	July 21, 2008	Full Service Brick and Mortar
7	480643	Reading Memorial High School Branch	62 Oakland Road, Reading, MA 1867	August 28, 2008	Full Service Retail

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

Reading Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Reading Co-operative Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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