Rockland Trust Company in Rockland, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Rockland Trust Company in Rockland, Massachusetts (MA)
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Rockland Trust Company - Overview

  • General
  • FDIC Certificate #: 9712
    Status: Active
    Federal Reserve ID: 613008
    Bank Holding Company (Regulatory Top Holder): Independent Bank Corp. (RSSDID: 1136803, Location: Rockland, MA)
    Date Established: September 10, 1907
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 67 (Domestic: 67, Interstate: No)
    OTS Docket #: 12084
    FDIC's unique #: 6212
    Numeric code: 21
    Regulator: FDIC
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 09, 2009
    Last Structure Change Process Date: May 20, 2009
    Last Data Update: May 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 288 Union Street, Rockland, MA 2370
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $4,974.4 mil
    Equity capital: $511.7 mil
    Deposits held in domestic offices: $3,903.9 mil
    Return on assets (ROA): 0.99% ($49.2 mil)
    Quarterly return on assets: 0.95% ($47.3 mil)
    Return on Equity (ROE): 9.57% ($49.0 mil)
    Quarterly return on equity: 9.23% ($47.3 mil)
    Net income: $47.7 mil
    Quarterly Net income: $11.7 mil
    Pretax return on assets: 1.38% ($68,647.4 mil)
    Quarterly Pretax return on assets: 1.32% ($65,662.7 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
  • 909Total employees (full-time equivalent)
  • $4,974,447Total assets
  • $237,504Cash and due from depository institutions
  • $179,203Interest-bearing balances
  • $510,288Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,766,349Net loans & leases
  • $48,260Loan loss allowance
  • $34,081Trading account assets
  • $47,619Bank premises and fixed assets
  • $6,658Other real estate owned
  • $141,819Goodwill and other intangibles
  • $4,974,447Life insurance assets
  • $230,129All other assets
  • $4,462,745Total liabilities and capital
  • $3,903,937Total liabilities
  • $2,909,428Total deposits
  • $3,903,937Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 216128.00%% insured (estimated)
  • $26,144Federal funds purchased & repurchase agreements
  • $229,701Trading liabilities
  • $30,000Other borrowed funds
  • $56,835Subordinated debt
  • $511,702All other liabilities
  • $511,702Total equity capital
  • $511,702Total bank equity capital
  • $0Perpetual preferred stock
  • $2,044Common stock
  • $332,389Surplus
  • $177,269Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $20,500Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,672Income earned, not collected on loans
  • $0Earning assets
  • $13,405Long-term assets (5+ years)
  • $4,464,080Average Assets, year-to-date
  • $1,131,031Average Assets, quarterly
  • $4,816,110Volatile liabilities
  • $4,939,602Insider loans
  • $3,800,823FHLB advances
  • $4,742,455Loans and leases held for sale
  • $86,137Unused loan commitments
  • $81,264Tier 1 (core) risk-based capital
  • $385,189Tier 2 risk-based capital
  • $39Total risk weighted assets
  • $4,834Total unused commitments
  • $1,290,604Restructured Loans and leases
  • $74,035Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $197,897Total interest income
  • $25,077Total interest expense
  • $172,820Net interest income
  • $11,482Provision for loan and lease losses
  • $53,360Total noninterest income
  • $12,087Fiduciary activities
  • $16,600Service charges on deposit accounts
  • $1,949Trading account gains & fees
  • $22,724Additional noninterest income
  • $148,957Total noninterest expense
  • $81,925Salaries and employee benefits
  • $17,252Premises and equipment expense
  • $49,780Additional noninterest expense
  • $65,741Pre-tax net operating income
  • $552Securities gains (losses)
  • $18,557Applicable income taxes
  • $47,736Income before extraordinary items
  • $0Extraordinary gains - net
  • $47,736Net income attributable to bank
  • $0Net charge-offs
  • $47,736Cash dividends
  • $9,477Sale, conversion, retirement of capital stock, net
  • $20,924Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 3.99%Net interest margin
  • 1.23%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 9.57%Return on equity (ROE)
  • 5.37%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 121.16%Credit loss provision to net charge-offs
  • 8.15%Efficiency ratio
  • 65,095Assets per employee
  • 5.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.83%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 168.32%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 96.48%Net loans and leases to core deposits
  • 99.21%Equity capital to assets
  • 10.29%Core capital (leverage) ratio
  • 8.12%Tier 1 risk-based capital ratio
  • 10.13%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $4,816,110Average earning assets
  • $499,065Average equity
  • $4,334,771Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,597,500Managed Assets
  • 1Number of Accounts
  • $1,545,760Personal trust and agency accounts
  • $188,973Employee benefit-defined contribution accounts
  • $125,482Employee benefit-defined benefit accounts
  • $9,905Other retirement accounts
  • $239,697Corporate trust and agency accounts
  • $532Investment management agency accounts
  • $895,579Other fiduciary accounts
  • $83,544Fiduciary accounts held in foreign offices
  • $2,048Non-managed Assets
  • 3529Number of Accounts
  • $0Personal trust and agency accounts
  • $239,697Employee benefit-defined contribution accounts
  • $116,994Employee benefit-defined benefit accounts
  • $51,740Other retirement accounts
  • $0Corporate trust and agency accounts
  • $3,808Other fiduciary accounts
  • $2,651Fiduciary accounts held in foreign offices

List of branches

  • 67 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06212Rockland Trust Company288 Union Street, Rockland, MA 2370September 10, 1907Full Service Brick and Mortar
    1221047Cohasset Branch773 Chief Justice Cushing Hwy, Cohasset, MA 2025April 15, 1932Full Service Brick and Mortar
    2221048Duxbury Branch27 Bay Road At Hall's Corner, Duxbury, MA 2332January 03, 1962Full Service Brick and Mortar
    3221049Hanover Branch272 Columbia Road, Hanover, MA 2339October 28, 1957Full Service Brick and Mortar
    4221050Hanson Branch470 Liberty St, Hanson, MA 2341May 23, 1955Full Service Brick and Mortar
    5221051Hull Branch264 Nantasket Avenue, Hull, MA 2045January 03, 1962Full Service Brick and Mortar
    6221052Marshfield Branch73 Snow Road, Marshfield, MA 2050June 14, 1948Full Service Brick and Mortar
    7221053Scituate Branch77 Front Street, Scituate, MA 2066March 22, 1920Full Service Brick and Mortar
    10221056Queen Ann's Shopping Center Branch10 Pond St, Norwell, MA 2061June 28, 1967Full Service Brick and Mortar
    11221057Halifax Branch434 Plymouth St, Halifax, MA 2338July 13, 1967Full Service Brick and Mortar
    12221058Pembroke Branch147 Center St, Pembroke, MA 2359June 06, 1968Full Service Brick and Mortar
    13221059Hingham Branch100 Sgt. William B. Terry Drive, Hingham, MA 2043September 13, 1971Full Service Brick and Mortar
    15221061Campus Plaza Bridgewater Branch233 Broad St, Bridgewater, MA 2324Febuary 20, 1974Full Service Brick and Mortar
    16221062Whitman Branch692 Bedford St, Whitman, MA 2382December 20, 1976Full Service Brick and Mortar
    17221063Kingston Branch184 Summer St, Kingston, MA 2364April 28, 1980Full Service Brick and Mortar
    18221064Weymouth Branch104 Main St, Weymouth, MA 2188March 02, 1981Full Service Brick and Mortar
    22221068Washington Street Branch405 Washington Street, Braintree, MA 2184Febuary 04, 1988Full Service Brick and Mortar
    265197Middleborough Trust Branch8b Station St, Middleboro, MA 2346January 01, 1916Full Service Brick and Mortar
    27218053Middleboro Plaza Branch135 South Main Street, Middleboro, MA 2346May 27, 1969Full Service Brick and Mortar
    28218054Wareham Plaza Branch2995 Cranberry Highway, Wareham, MA 2571April 09, 1973Full Service Brick and Mortar
    29218055Carver Square Branch124 Main St, Carver, MA 2330May 11, 1987Full Service Brick and Mortar
    31275118Manomet Branch728 State Road, Manomet, MA 2345January 01, 1882Full Service Brick and Mortar
    32275121Long Pond Branch32 Long Pond Road, Plymouth, MA 2360June 30, 1985Full Service Brick and Mortar
    34221072Duxbury Branch290 Kingstown Way, Duxbury, MA 2332January 18, 1995Limited Service Mobile
    35221073Attleboro Branch490 Pleasant St, Attleboro, MA 2703April 10, 1995Full Service Brick and Mortar
    36221074Brockton Branch485 Belmont Street, Brockton, MA 2301November 18, 1996Full Service Brick and Mortar
    37221075One Pilgrim Hill Road BranchOne Pilgrim Hill Road, Plymouth, MA 2360January 21, 1997Full Service Brick and Mortar
    38221076Randolph Branch84 North Main Street, Randolph, MA 2368June 08, 1998Full Service Brick and Mortar
    39221077Stoughton Branch608 Washington Street, Stoughton, MA 2072April 05, 1999Full Service Brick and Mortar
    401710Brockton Branch34 School Street, Brockton, MA 2301June 23, 1803Full Service Brick and Mortar
    41193688Montello Branch836 North Main Street, Brockton, MA 2301April 30, 1956Full Service Brick and Mortar
    43243860Mashpee Branch5 Shellback Way, Mashpee, MA 2649November 04, 1980Full Service Brick and Mortar
    451682Hyannis Branch442 Main Street, Hyannis, MA 2601January 01, 1929Full Service Brick and Mortar
    46193529Osterville Branch22 Wianno Avenue, Osterville, MA 2655March 17, 1954Full Service Brick and Mortar
    476209Chatham Branch655 Main Street, Chatham, MA 2633August 16, 1919Full Service Brick and Mortar
    49266984Rt 28 At Main St Branch70 Main Street, Orleans, MA 2653January 01, 1925Full Service Brick and Mortar
    50266985West Dennis Branch932 Main Street, West Dennis, MA 2670January 01, 1925Full Service Brick and Mortar
    51266986Station Ave Branch428 Station Avenue, South Yarmouth, MA 2664January 01, 1925Full Service Brick and Mortar
    54266991Centerville Branch1195 Falmouth Rd, Centerville, MA 2632January 01, 1925Full Service Brick and Mortar
    57365056Brockton-Belmont St Branch100 Belmont Street, Brockton, MA 2301May 06, 2002Full Service Brick and Mortar
    58429642North Attleboro Branch16 East Washington Street, North Attleboro, MA 2760July 12, 2004Full Service Brick and Mortar
    5933147Falmouth Bank Branch20 Davis Straits, Falmouth, MA 2540January 01, 1925Full Service Brick and Mortar
    60259480East Falmouth Branch397 East Falmouth Highway, East Falmouth, MA 2536Febuary 12, 1997Full Service Brick and Mortar
    61259481North Falmouth Branch78 County Road, North Falmouth, MA 2556August 08, 1997Full Service Brick and Mortar
    62423242Bourne Branch172 Clay Pond Road, Bourne, MA 2532November 05, 2003Full Service Brick and Mortar
    63432416Raynham Branch275 New State Highway, Raynham, MA 2767October 12, 2004Full Service Brick and Mortar
    64445598Sandwich Branch333 Cotuit Road, Sandwich, MA 2563November 07, 2005Full Service Brick and Mortar
    65469583Abington Branch381 Centre Ave, Abington, MA 2351November 19, 2007Full Service Brick and Mortar
    66470604Quincy Branch301 Quincy Avenue, Quincy, MA 2169December 20, 2007Full Service Brick and Mortar
    6712007Slade's Ferry Trust Company Branch100 Slades Ferry Avenue, Somerset, MA 2726September 30, 1959Full Service Brick and Mortar
    68243843North Somerset Branch2722 County Street, Somerset, MA 2726June 25, 1970Full Service Brick and Mortar
    69243846Fall River Branch249 Linden St, Fall River, MA 2720May 22, 1975Full Service Brick and Mortar
    70243847Brayton Avenue Branch855 Brayton Avenue, Fall River, MA 2720November 05, 1981Full Service Brick and Mortar
    72243850Seekonk Branch1400 Fall River Avenue, Seekonk, MA 2771May 11, 1992Full Service Brick and Mortar
    731670Fairhaven Branch75 Huttelson Ave, Fairhaven, MA 2719January 01, 1831Full Service Brick and Mortar
    74243852New Bedford Branch833 Ashley Boulevard, New Bedford, MA 2740March 29, 1999Full Service Brick and Mortar
    7617791Franklin - Main Branch58 Main Street, Franklin, MA 2038Febuary 20, 1871Full Service Brick and Mortar
    77291148Bellingham Branch4 North Main Street, Bellingham, MA 2019April 09, 1974Full Service Brick and Mortar
    78291149Medfield Branch76 North Street, Medfield, MA 2052November 15, 1975Full Service Brick and Mortar
    79291150Milford Branch221 Main Street, Milford, MA 1757November 16, 1992Full Service Brick and Mortar
    801674Foxboro Branch1 Mechanic Street, Foxboro, MA 2035June 01, 1909Full Service Brick and Mortar
    81193476East Central Branch231 E Central St, Franklin, MA 2038October 26, 1981Full Service Brick and Mortar
    8236343Moody Street Branch75 Moody Street, Waltham, MA 2453May 31, 1986Full Service Brick and Mortar
    83260525Waltham Branch1290 Main Street, Waltham, MA 2451April 19, 1996Full Service Brick and Mortar
    84260528Newtonville Branch40 Austin Street, Newtonville, MA 2460March 17, 1998Full Service Brick and Mortar
    85454492Wellesley Hills Branch330 Washington Street, Wellesley Hills, MA 2481August 21, 2006Full Service Brick and Mortar
    86469587Watertown Branch430 Main Street, Watertown, MA 2472August 13, 2007Full Service Brick and Mortar

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