Revere Federal Savings and Loan Association in Revere, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 27, 2001

  • Revere Federal Savings and Loan Association in Revere, Massachusetts (MA)
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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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