FDIC Certificate #: 28339 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mutual Federal Savings Bank of Plymouth County (#29755) Federal Reserve ID: 65072 Date Established: January 01, 1877 WWW:http://www.securityfederalsavings.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1397 FDIC's unique #: 41173 Numeric code: 38 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: Febuary 08, 1937 Last Structure Change Effective Date: November 10, 2006 Last Structure Change Process Date: November 27, 2006 Last Data Update: November 27, 2006 Data Source Date: April 05, 2012
Location
Address: 40 Legion Parkway, Brockton, MA 2301 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): Brockton, MA (#1200) 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: $112.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
29Total employees (full-time equivalent)
$117,768Total assets
$3,536Cash and due from depository institutions
$1,523Interest-bearing balances
$11,397Securities
$212Federal funds sold & reverse repurchase agreements
$94,211Net loans & leases
$351Loan loss allowance
$0Trading account assets
$6,604Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$417Life insurance assets
$1,808All other assets
$117,768Total liabilities and capital
$105,163Total liabilities
$92,438Total deposits
$91,047Interest-bearing deposits
$92,438Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,380Other borrowed funds
$0Subordinated debt
$345All other liabilities
$12,605Total equity capital
$12,605Total bank equity capital
$12,605Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$12,605Noncurrent loans and leases
$11,015Noncurrent 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)
$351Average Assets, year-to-date
$107,343Average Assets, quarterly
$0Volatile liabilities
$113,963Insider loans
$116,515FHLB advances
$34,084Loans and leases held for sale
$426Unused loan commitments
$12,380Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,015Total unused commitments
$0Restructured Loans and leases
$351Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$5,228Total interest income
$2,236Total interest expense
$2,992Net interest income
$2Provision for loan and lease losses
$284Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$284Additional noninterest income
$3,407Total noninterest expense
$1,884Salaries and employee benefits
$989Premises and equipment expense
$534Additional noninterest expense
-$133Pre-tax net operating income
-$2Securities gains (losses)
-$203Applicable income taxes
$68Income before extraordinary items
$0Extraordinary gains - net
$68Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.03%Yield on earning assets
2.15%Cost of funding earning assets
2.88%Net interest margin
0.27%Noninterest income to earning assets
3.28%Noninterest expense to earning assets
0.06%Net operating income to assets
0.06%Return on assets (ROA)
-0.12%Pretax return on assets
0.54%Return on equity (ROE)
0.54%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
103,999Assets per employee
4.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.37%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
101.92%Net loans and leases to core deposits
133.19%Equity capital to assets
10.70%Core capital (leverage) ratio
10.71%Tier 1 risk-based capital ratio
18.86%Total risk-based capital ratio
Memoranda
$19Average assets
$113,963Average earning assets
$12,564Average equity
$103,961Average loans
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