Revere Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 28423 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Danversbank (#90185) Federal Reserve ID: 289270 Date Established: January 01, 1901 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1565 FDIC's unique #: 41257 Numeric code: 38 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: May 23, 1955 Last Structure Change Effective Date: September 27, 2001 Last Structure Change Process Date: October 10, 2001 Last Data Update: October 10, 2001 Data Source Date: April 05, 2012
Location
Address: 310 Broadway, Revere, MA 2151 County: Suffolk 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: Boston-Quincy, MA (#14484)
Financial Summary
Total assets: $149.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
37Total employees (full-time equivalent)
$145,381Total assets
$8,396Cash and due from depository institutions
$4,554Interest-bearing balances
$38,440Securities
$0Federal funds sold & reverse repurchase agreements
$90,640Net loans & leases
$787Loan loss allowance
$0Trading account assets
$4,117Bank premises and fixed assets
$0Other real estate owned
$42Goodwill and other intangibles
$0Life insurance assets
$3,746All other assets
$145,381Total liabilities and capital
$135,034Total liabilities
$92,657Total deposits
$79,650Interest-bearing deposits
$92,657Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$41,248Other borrowed funds
$0Subordinated debt
$1,129All other liabilities
$10,347Total equity capital
$10,347Total bank equity capital
$10,347Perpetual preferred stock
$0Common stock
$0Surplus
$3,182Undivided profits
Memoranda
$7,165Noncurrent loans and leases
$10,411Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$589Average Assets, year-to-date
$133,634Average Assets, quarterly
$0Volatile liabilities
$130,484Insider loans
$141,163FHLB advances
$74,128Loans and leases held for sale
$243Unused loan commitments
$41,248Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,411Total unused commitments
$0Restructured Loans and leases
$1,336Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$9,344Total interest income
$5,092Total interest expense
$4,252Net interest income
$156Provision for loan and lease losses
$560Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$560Additional noninterest income
$3,729Total noninterest expense
$2,099Salaries and employee benefits
$819Premises and equipment expense
$811Additional noninterest expense
$927Pre-tax net operating income
$3Securities gains (losses)
$317Applicable income taxes
$613Income before extraordinary items
$0Extraordinary gains - net
$613Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$29Sale, conversion, retirement of capital stock, net
$474Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.67%Yield on earning assets
4.18%Cost of funding earning assets
3.49%Net interest margin
0.46%Noninterest income to earning assets
3.06%Noninterest expense to earning assets
0.47%Net operating income to assets
0.47%Return on assets (ROA)
0.71%Pretax return on assets
6.18%Return on equity (ROE)
1.40%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
537.93%Credit loss provision to net charge-offs
37.34%Efficiency ratio
77,494Assets per employee
3.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.32%Loss allowance to loans
0.86%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
97.82%Net loans and leases to core deposits
151.63%Equity capital to assets
7.12%Core capital (leverage) ratio
6.66%Tier 1 risk-based capital ratio
13.01%Total risk-based capital ratio
Memoranda
$15Average assets
$130,484Average earning assets
$9,912Average equity
$121,811Average loans
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